In October 2021, the  Pandora Papers, published by the International Consortium of Investigative Journalists (ICIJ), revealed in detail the secret financial dealings of some of the world’s elite individuals. The Papers implicated individuals and companies from countries such as Cambodia, India, Malaysia, Pakistan, the Philippines, Qatar, South Korea, and theContinue Reading

“Stop the Harm, Reparations Now!” Civil Society Organizations (CSOs) from more than 50 countries, today rallied anew behind the call targeting the International Monetary Fund and the World Bank, in the lead-up to the international financial institutions’ (IFIs) annual meetings in Washington DC. Launching the Global Days of Action againstContinue Reading

For 80 years, the IMF and World Bank have played a key role in the global financial system. However, both institutions have failed to provide resilience and stability to global finance. Their interventions in debt crises have often worsened social and economic inequalities. By focusing on austerity measures, promoting neoliberalContinue Reading

The International Monetary Fund (IMF) has recently become a prominent topic in Sri Lanka due to the austerity measures it proposed to address the country’s debt crisis. These measures have increased taxes for ordinary citizens, even as the previous interim government warned that Sri Lanka would face further difficulties ifContinue Reading