Haiti exploded in early July in a nationwide uprising whose Kreyòl watchwords are nou bouke — we are fed up, writes Kim Ives.
International Monetary Fund
Thousands of Argentine’s were on the streets on May 15 protesting President Mauricio Macri’s latest macroeconomic policy — a major loan from the International Monetary Fund (IMF).
A wave of street demonstrations have spread across major cities in Sudan in protest against new austerity measures pushed by the North African country’s government.
Prime Minister Malcolm Turnbull has seized on International Monetary Fund (IMF) forecasts predicting a rise in global economic growth following the US administration’s corporate tax cuts, to call for similar cuts here.
Describing the proposed cut as an “enterprise tax program”, Turnbull said on January 22 that the measure would “result in more investment and more jobs” — despite significant evidence that “trickle down” economics does not work.
Treasurer Scott Morrison has demanded that Labor supports its proposal to cut the tax rate for big business from 30% to 25%.
As Barbuda, part of the Caribbean island nation of Antigua and Barbuda, reels from having almost the entirety of its infrastructure and 95% of its homes destroyed due to Hurricane Irma, the International Monetary Fund (IMF) has rejected a moratorium proposal to discuss the island's US$3 million dollar debt.
There is a tense stand-off right now between Greece's government and the so-called troika — the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF). ECB President Mario Draghi recently went so far as to deny that his institution was trying to blackmail Greece's left-wing anti-austerity government.
But blackmail is actually an understatement. It has become increasingly clear that the troika is trying to harm the Greek economy in order to raise pressure on the new Greek government to agree to its demands.