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Barbadian Prime Minister Mia Mottley speaks at the 27th United Nations Climate Change Conference in Sharm el-Sheikh, Egypt, on Nov. 7.
Barbadian Prime Minister Mia Mottley speaks at the 27th United Nations Climate Change Conference in Sharm el-Sheikh, Egypt, on Nov. 7.

The Barbadian Proposal Turning Heads at COP27

How Mia Mottley’s climate finance plan went from symbol of moral outrage to serious possibility at the IMF.

A worker delivers bread from a bakery in Cairo's Al-Azhar neighborhood to stands to be sold on May 9.
A worker delivers bread from a bakery in Cairo's Al-Azhar neighborhood to stands to be sold on May 9.

What Caused Egypt’s Economic Tailspin?

As the world arrives for COP27, Cairo is turning to the IMF as its economy falters.

Supporters of Rached Ghannouchi, the head of Tunisia’s Islamist Ennahda party, protest outside the office of Tunisia’s counterterrorism prosecutor in Tunis, Tunisia, on July 19.
Supporters of Rached Ghannouchi, the head of Tunisia’s Islamist Ennahda party, protest outside the office of Tunisia’s counterterrorism prosecutor in Tunis, Tunisia, on July 19.
Chinese Foreign Minister Wang Yi meets with Zambian Minister of Foreign Affairs and International Cooperation Stanley Kasongo Kakubo on the sidelines of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation in Dakar, Senegal, on Nov. 30, 2021.
Chinese Foreign Minister Wang Yi meets with Zambian Minister of Foreign Affairs and International Cooperation Stanley Kasongo Kakubo on the sidelines of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation in Dakar, Senegal, on Nov. 30, 2021.

Is China Responsible for Zambia’s Debt Crisis?

The first country to default in the COVID era makes a deal with the IMF.

Construction works in hard hats and high-visibility vests stand around on a construction site with tall buildings in the background.
Construction works in hard hats and high-visibility vests stand around on a construction site with tall buildings in the background.

Stop Funding Sisi’s House of Cards

As the Egyptian president spends on projects of questionable value, the people are suffering.

Argentines protest economic issues
Argentines protest economic issues

Argentina’s Economic Crisis Never Went Away

Argentines remain enmeshed in a populist policy trap as inflation soars past a whopping 70 percent.

A man's silhouette is seen in front of a light blue screen that reads INTERNATIONAL MONETARY FUND.
A man's silhouette is seen in front of a light blue screen that reads INTERNATIONAL MONETARY FUND.

Can the IMF Help the Global South?

As debt burdens worsen, all eyes are on the IMF.

People take part in a protest against the government's motion to increase taxes in order to reach a credit agreement with the International Monetary Fund in San José, Costa Rica, on Sept. 30, 2020.
People take part in a protest against the government's motion to increase taxes in order to reach a credit agreement with the International Monetary Fund in San José, Costa Rica, on Sept. 30, 2020.

The International Monetary Fund: Holy Grail or Poisoned Chalice?

As the global south struggles to grapple with its debt pandemic, experts question the efficacy of the IMF’s conditional lending.

Salvadoran President Nayib Bukele gestures during his speech at the closing ceremony of the Latin American Bitcoin & Blockchain Conference at Mizata Beach, El Salvador, on Nov. 20, 2021.
Salvadoran President Nayib Bukele gestures during his speech at the closing ceremony of the Latin American Bitcoin & Blockchain Conference at Mizata Beach, El Salvador, on Nov. 20, 2021.

El Salvador’s Scramble for a Bailout

With top officials beset by U.S. sanctions, the country’s IMF negotiations are bound to get complicated.

Protesters march on a street on the second day of a demonstration over soaring living costs in Accra, Ghana, on June 29.
Protesters march on a street on the second day of a demonstration over soaring living costs in Accra, Ghana, on June 29.

Ghana Goes to the IMF

After promising to prosper without international aid, Nana Akufo-Addo’s government is seeking international financial assistance to address an economic crisis.

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.

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