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Taboubi and other leaders sit at a conference table in front of the Tunisian flag
Taboubi and other leaders sit at a conference table in front of the Tunisian flag

Tunisia’s Powerful Labor Union Is Thwarting President Saied’s Ambitions

The Tunisian General Labor Union (UGTT) is the one body with enough power to derail Saied’s plans.

Argentine President Alberto Fernández visits the Museum of the Communist Party of China in Beijing on Feb. 4.
Argentine President Alberto Fernández visits the Museum of the Communist Party of China in Beijing on Feb. 4.

Argentina’s Embrace of China Should Be a Wake-Up Call

U.S. Latin America strategy needs serious reform—before it’s too late.

Solar technicians from Alianza Ceibo/Amazon Frontlines help members
Solar technicians from Alianza Ceibo/Amazon Frontlines help members

Ecuador’s Distant Dream of a Green Recovery

The debt-saddled country is struggling to meet its climate goals under IMF austerity.

Senegalese President Macky Sall shakes hands with Kristalina Georgieva, the managing director of the International Monetary Fund, at a conference in Diamniadio, Senegal, on Dec. 2, 2019.
Senegalese President Macky Sall shakes hands with Kristalina Georgieva, the managing director of the International Monetary Fund, at a conference in Diamniadio, Senegal, on Dec. 2, 2019.

The World Bank and IMF Are Getting It Wrong on Climate Change

Rich donor countries are working to deprioritize poverty reduction and economic development in the global south.

An activist dressed as Argentina’s Eva Perón holds a sign that reads "IMF Debt: Reform or Rebellion" in front of the IMF headquarters.
An activist dressed as Argentina’s Eva Perón holds a sign that reads "IMF Debt: Reform or Rebellion" in front of the IMF headquarters.

The Global South’s Looming Debt Crisis—and How to Stop It

Many poor countries face major economic disruption and possible default on their sovereign debt in 2022.

A screen on a bus shows Chinese President Xi Jinping making a speech via video link for a session of the International Olympic Committee in Beijing on Feb. 3.
A screen on a bus shows Chinese President Xi Jinping making a speech via video link for a session of the International Olympic Committee in Beijing on Feb. 3.

Argentina and Ecuador Choose Business Over Boycotts in Beijing

Alberto Fernández and Guillermo Lasso hope financial backing from China can quell economic and political troubles at home.

Members of leftist groups demonstrate against the International Monetary Fund on the eve of a $730 million installment due to repay Argentina’s debt in Buenos Aires on Jan. 27.
Members of leftist groups demonstrate against the International Monetary Fund on the eve of a $730 million installment due to repay Argentina’s debt in Buenos Aires on Jan. 27.

Argentina and the IMF Turn Away From Austerity

Last week’s agreement may set a better precedent for dealing with debt levels around the world.

A security guard walks through the headquarters of the International Monetary Fund in Washington on April 5.
A security guard walks through the headquarters of the International Monetary Fund in Washington on April 5.

The World Bank Is Missing U.S. Leadership

Biden’s sacking of Trump appointees at international financial institutions has left a vacuum.

Economy-pandemic-imf-feature-gita-gopinath-kristalina-georgieva
Economy-pandemic-imf-feature-gita-gopinath-kristalina-georgieva

Emerging Stronger From the Great Lockdown

The managing director and the chief economist of the International Monetary Fund lay out a strategy for sustained recovery.

Alicia Barcena, chief of the United Nations Economic Committee for Latin America and the Caribbean (ECLAC), attends a panel during the U.N. Global Compact for Migration in Marrakesh in 2018.
Alicia Barcena, chief of the United Nations Economic Committee for Latin America and the Caribbean (ECLAC), attends a panel during the U.N. Global Compact for Migration in Marrakesh in 2018.

After COVID-19, Latin America Braces for ‘Lost Decade’

Already one of the most unequal regions in the world, it may face an unprecedented rise in inequality and poverty due to the economic carnage of the pandemic.

Egyptian President Abdel Fattah el-Sisi leaves after a meeting with German Chancellor Angela Merkel.
Egyptian President Abdel Fattah el-Sisi leaves after a meeting with German Chancellor Angela Merkel.

IMF Loans Will Further Entrench Corruption in Egypt

Recently disbursed IMF funding will only help the Sisi regime and entrench its rule.

Turkish President Recep Tayyip Erdogan (center) with his wife, Emine Erdogan, followed by then-International Monetary Fund Director Christine Lagarde (left) in Paris on Nov. 11, 2018, prior to commemorations marking the 100th anniversary of the  armistice ending World War I.
Turkish President Recep Tayyip Erdogan (center) with his wife, Emine Erdogan, followed by then-International Monetary Fund Director Christine Lagarde (left) in Paris on Nov. 11, 2018, prior to commemorations marking the 100th anniversary of the armistice ending World War I.

Why Erdogan Won’t Ask the IMF for Help

Turkey’s economy is a mess, but its president won’t seek an IMF loan because the conditions would mean giving up his extensive patronage network.

Posters against the International Monetary Fund in Buenos Aires
Posters against the International Monetary Fund in Buenos Aires

Argentina’s Friendships Could Jeopardize Its Debt Relief

Facing a coronavirus-aggravated economic downturn, Argentine President Alberto Fernández is walking a foreign-policy tightrope between Bolivia, Venezuela, and the United States.

Somalis wait at a food distribution center outside Mogadishu.
Somalis wait at a food distribution center outside Mogadishu.

U.S. Bureaucratic Blunder Could Cost Somalia Desperately Needed Debt Relief

U.S. ambassador considers resigning over the issue, which could harm U.S. anti-terrorism mission and aid programs there, officials say.

Hundreds of supporters raise their arms and wave the national flag while waiting to greet the Cameroonian opposition leader Maurice Kamto in Yaoundé on Oct. 5, the day of his release from prison.
Hundreds of supporters raise their arms and wave the national flag while waiting to greet the Cameroonian opposition leader Maurice Kamto in Yaoundé on Oct. 5, the day of his release from prison.

Trump Must Put Real Pressure on Cameroon

Symbolic half-measures like revoking preferential trade status are not enough to force the repressive regime of Paul Biya to change. Canceling IMF loans and military aid would show that the White House is serious.

Egyptian President Abdel Fattah al-Sisi meets with Managing Director of the International Monetary Fund Christine Lagarde in Hangzhou, China, on Sept. 3, 2016.
Egyptian President Abdel Fattah al-Sisi meets with Managing Director of the International Monetary Fund Christine Lagarde in Hangzhou, China, on Sept. 3, 2016.

Egypt’s Economy Isn’t Booming. It’s Collapsing.

Abdel Fattah al-Sisi has sold his country as an investment destination with the IMF’s help—but the living standards of ordinary Egyptians are plummeting as elites line their pockets.

A woman holds a Japanese flag as she listens to Prime Minister Shinzo Abe speaking during a rally in Tokyo on Sept. 19. (Tomohiro Ohsumi/Getty Images)
A woman holds a Japanese flag as she listens to Prime Minister Shinzo Abe speaking during a rally in Tokyo on Sept. 19. (Tomohiro Ohsumi/Getty Images)

The Fate of the World Order Rests on Tokyo’s Shoulders

Japan was one of the system’s biggest winners, and it is one of the few countries that can save it now.

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