I have long been sympathetic to the concept of long cycles in capitalist production and accumulation. This is the idea that ...

In July 2024, the World Bank and the IMF will be 80 years old. 80 years of financial neo-colonialism and the imposition of austerity policies in the name of debt repayment. 80 years is enough! The ...

The historic 10 th session of negotiations for a UN treaty to hold transnational corporations (TNCs) accountable for their ...

Recently, there has been a spate of articles and commentary about ‘US exceptionalism', namely that the US economy is bounding ...

The members are the private banks that lend to Third World states and companies. During the 70s, deposit banks had become the main source of credit for countries in difficulty. By the end of the ...

In 1996 the IMF and the World Bank launched an initiative aimed at reducing the debt burden for some 41 heavily indebted poor countries (HIPC), whose total debts amount to about 10% of the Third World ...

According to the doctrine, for a debt to be odious it must meet two conditions: 1) It must have been contracted against the interests of the Nation, or against the interests of the People, or against ...

Economic policies imposed by the IMF in exchange of new loans or the rescheduling of old loans. Structural Adjustments policies were enforced in the early 1980 to qualify countries for new loans or ...

The 6 th International Eco-socialist Meeting and the 1 st Latin American and Caribbean Eco-socialist Meeting concluded successfully 7 June 2024 - by Maria Elena Saludas Over three days (9-11 May), the ...

A PIK or PIK loan is a loan characterized by the fact that the payment of interest Interest An amount paid in remuneration of an investment or received by a lender. Interest is calculated on the ...