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
The 80th anniversary of the World Bank is a good time to bury the arguments in favor of reforming the institution and strengthen the demand for radical restructuring. The past eight decades did not witness any major reforms it undertook towards making it a more democratic institution. At best, itContinue Reading
The webinar explored the vital connections between debt and climate justice during the Global Week of Action for Climate Finance and a Fossil-Free Future. It took place on September 18 which was the Action Day #DebtJustice for #ClimateJustice. Continue Reading
Around 65 participants from all global regions joined the APMDD webinar, which focused on the particular impacts and the continuing adverse consequences of IMF and World Bank lending policies on Global South countries in Asia. Alvic Padilla, from the Debt Justice Program of APMDD, opened the webinar “IMF-WB: 8 DecadesContinue Reading
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