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The International Monetary Fund (IMF) has released its June 2020 update. The prognosis is bleak. Global growth for 2020 is projected at -4.9%, 1.9% below the IMF’s forecast from April. ‘The [...]

Unions, students, teachers, workers, and social organizations took to the streets in Quito as others followed from home in several cities Monday with a pot-banging protest. In Quito, Cuenca, [...]

If you are using one of the many coronavirus incidence trackers, the Pacific country of Ecuador does not seem to be particularly badly affected by COVID-19. Officially, the country has less than [...]

The economic fallout from the coronavirus pandemic could push half a billion more people into poverty unless urgent action is taken to bail out developing countries, said Oxfam today. The agency [...]

Earlier this month, the International Monetary Fund (IMF) blocked a request from Venezuela for an emergency loan to deal with the COVID–19 pandemic on the grounds that President Nicolas Maduro [...]

This week, multilateral organizations such as the European Union (EU) and the United Nations (UN) have supported Venezuela in its fight against the spread of the new coronavirus (Covid-19), in [...]

The request was not much of an “about-face” for Venezuela’s President Nicolás Maduro, because it was the same type of disaster relief loan the International Monetary Fund (IMF) gave to Ecuador in [...]

A whale of a deal for the IMF and all those folks out there who wanna keep consuming but want someone else to deal with the fall out. Next up, the whole damn system is guilty as hell – and that's [...]

The Lenin Moreno Administration is moving in two fronts since the mass mobilizations that took place in Ecuador about a month ago. On the one hand, it is criminalizing social protests so [...]

In the past few weeks in Argentine politics: the administration of Mauricio Macri, the neoliberal handmaiden of global banking elites, was upended in national elections, as the Peronist Alberto [...]

During the last few weeks, neoliberalism faced a series of defeats that sped up its agony and are leading to its death amidst large and violent upheavals. After nearly half a century of pillage, [...]

Neoliberalism is – literally – burning. And from Ecuador to Chile, South America, once again, is showing the way. Against the vicious, one-size-fits-all IMF austerity prescription, which deploys [...]

As several nations in South America are going through their worst economic-political-institutional crises, Uruguay —which has survived the neoliberal wave in the region— is going to face [...]

President Lenin Moreno restored neo-liberalism to Ecuador, accepting a $4.2 billion dollar loan from the US-dominated International Monetary Fund that required measures call 'structural [...]

The latest victim of this horrifying IMF scheme is Ecuador. For starters, you should know that since January 2000, Ecuador’s economy is 100% dollarized, compliments of the IMF (entirely [...]