IMF

The Dirty Campaign Underlying Ecuador’s “Free and Fair” Election

Ecuador’s April 11 election that led to a 5-point victory by conservative banker Guillermo Lasso over progressive candidate Andrés Arauz was not what it appeared to be. On the surface, it was a surprisingly clean and professional election, as our…

Africa’s development must be based on resilient approaches with nature and people at the center

Interview by Kester Kenn Klomegah In this insightful and wide-ranging interview, Professor Patrick Verkooijen, Chief Executive Officer of Global Center on Adaptation discusses the organization’s establishment, its main objectives, challenges and the plans for the future. The Global Center on…

IMF and Big Business for Universal Vaccination: Better Red than Dead

The me-first policy on vaccine sharing will bring losses of $203 billion to $5 trillion to rich countries, while the returns are the highest if they support global universal vaccination. Prabir Purkayastha The world seems to have turned topsy turvy…

Why Imperialism Is Obsolete in Latin America

An interview with Jorge Arreaza, foreign minister of Venezuela. By Vijay Prashad In September 2018, Venezuelan president Nicolás Maduro visited China, where he met with China’s President Xi Jinping and signed a series of important agreements on trade and culture.…

Biden Is Facing a Showdown on Iran Sanctions

By Evelyn Leopold President Trump has called the Obama-initiated nuclear agreement for Iran a “horrible one-sided deal” and withdrew from it in 2018. Except he really didn’t. This past summer, Secretary of State Mike Pompeo began a series of appeals…

What is the G20, and what is different at this year’s Riyadh summit?

Marco Ferrari, Al Arabiya English This year’s G20 summit will be an event quite unlike any in the organization’s history. Hosted by Saudi Arabia, the Leaders’ Summit will bring leaders from 19 of the most powerful countries and the European…

Argentina’s debt restructuring deal explained

The Argentine government has struck a substantial debt deal with some major creditors, saving it billions. What exactly is the deal about and could it save the ailing economy? Argentina owes a fortune — $323 billion (€274 billion) as of…

Time for the World Bank and IMF to Be the Solution, Not the Problem

By Franciscka Lucien and Joel Curtain The World Bank and the International Monetary Fund (IMF) have a historic opportunity to help stabilize a world reeling from COVID-19. Doing so will require the institutions to change course and aggressively support poor…

Global Economy Still Slowing, Dangerously Vulnerable

By Anis Chowdhury and Jomo Kwame Sundaram In an annual ritual early in the year, most major economic organizations have released forecasts for the global economy in 2020. Incredibly, almost as a reminder of where financial power resides in this day…

An Economics Nobel Prize view of neoliberalism and Argentina’s future

Joseph Stiglitz is an American economist who received the Nobel Prize in Economics in 2001. He is a former senior vice president and chief economist of the World Bank. In recent years he has been a harsh critic of globalised…

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