International Monetary Fund (IMF)

Noboa’s Iron Fist Forces End Of CONAIE’s National Strike In Ecuador

October 25, 2025 Pablo Meriguet, People's Dispatch. Resist! CONAIE, Daniel Noboa, Ecuador, International Monetary Fund (IMF), Lenin Moreno, National Strike, Neoliberalism, State Violence

After more than 30 days of demonstrations, roadblocks, military convoys, repression, clashes, marches, sit-ins, and more, the national strike called by the Confederation of Indigenous Nationalities of Ecuador (CONAIE) has ended. The strike was initially called to protest against the elimination of the diesel subsidy by the right-wing government of Daniel Noboa. Diesel is the most widely used fuel among farmers, peasants, and transporters, and it is also the cheapest. The CONAIE Statement A few days ago, negotiations between the government and CONAIE were suspended due to a lack of agreement and, according to the government, as a result of the continued roadblocks carried out by several Indigenous communities.

Africa Will Be Free When The IMF Stops Colluding To Steal Its Wealth

October 10, 2025 Vijay Prashad, Tricontinental: Institute for Social Research. Educate! Africa, Imperialism, International Monetary Fund (IMF), Senegal

In February 2025, Senegal’s Court of Auditors released a report that found ‘anomalies’ in the management of public finances between 2019 and 2024, during the presidency of Macky Sall (2012–2024). For instance, the court found that while Sall’s government had suggested that the budget deficit for 2023 was 4.9% of the Gross Domestic Product (GDP), it was in fact 12.3%. The court went to work on this reconstruction of public finances because of a very significant accusation made by Senegal’s new prime minister, Ousmane Sonko, at a press conference in Dakar in September 2024. What the auditors found, and what the International Monetary Fund (IMF) validated, was that the actual debt ratio in 2023 was 99.7% of GDP – not 74.7% – and that the deficit had been underestimated by 5.6% of GDP (in August 2025, the debt ratio was revised to 111% of GDP).

One Dead, Nearly 100 Arrested: Heavy Repression Of Protests In Ecuador

September 30, 2025 People's Dispatch. Resist! Anti-neoliberalism, Confederation of Indigenous Nationalities of Ecuador (CONAIE), Daniel Noboa, Ecuador, Human Rights, International Monetary Fund (IMF), Mass Protests, National Strike, Repression

A week since protests began in Ecuador against the decision by Daniel Noboa’s right-wing government to eliminate the diesel subsidy, nearly 100 people have been detained and one person was killed by police repression. The nationwide protests kicked off after Marlon Vargas, president of the Confederation of Indigenous Nationalities of Ecuador (CONAIE), Ecuador’s most important social movement, called on all sectors of society to take to the streets and reject the move by Noboa. On September 28, the news broke that 46-year-old worker Efraín Fueres died during the protests in Cotacachi, in the province of Imbabura. According to CONAIE, Fueres was killed by the military after being shot three times. “We demand truth, justice, and reparations. This state crime will not go unpunished. There is no turning back or forgiveness for state crimes,” CONAIE wrote on X.

Tens Of Thousands Protest In Ivory Coast Against Slide Into Dictatorship

August 15, 2025 Pavan Kulkarni, People's Dispatch. Resist! Côte d’Ivoire, Dictatorship, French colonialism, International Monetary Fund (IMF), West Africa

France is “closely watching over the upcoming elections in October in its former colony, to ensure its protégé, President Alassane Ouattara, does not lose”, said Achy Ekissi, General Secretary of the Revolutionary Communist Party of Ivory Coast (PCRCI). Taking power in 2011 with the help of French military intervention, 83-year-old Ouattara is attempting to grab office for a fourth term by barring both main contestants from running for the upcoming election in October. While “half-heartedly asking Ouattara to step down”, France is “in reality, supporting his dictatorial drift because they have not yet found another pawn to replace him,” he told Peoples Dispatch.

The International Monetary Fund Underdevelops Africa

May 23, 2025 Vijay Prashad, Tricontinental: Institute for Social Research. Educate! Africa, Debt, Economic Instability, International Monetary Fund (IMF), Sudan

At the start of 2025, Sudan registered an alarming debt-to-GDP (Gross Domestic Product) ratio of 252%. This means that the country’s total public debt is 2.5 times the size of its entire annual economic output. It is not hard to understand why Sudan is in such dire straits: as we outlined in last week’s newsletter, the country has been engulfed in a conflict for decades, which has severely disrupted any possibility of economic growth and financial stability. Yet, in a way, Sudan – one of the richest countries in terms of resources but poorest in terms of household income and wealth – is also representative of what has been happening on the African continent.

Trade Wars: The Decline Of America

May 1, 2025 Medea Benjamin and Nicolas J. S. Davies, Consortium News. Strategize! China, International Monetary Fund (IMF), Multipolar World, Trade Wars

Not a day goes by without a new shock to Americans and our neighbors around the world from the Trump administration. On April 22, the International Monetary Fund (IMF) downgraded its forecasts for global growth in 2025 from 3.3 percent to 2.8 percent and warned that no country will feel the pain more than the United States. Trump’s policies are expected to drag U.S. growth down from 2.7 percent to 1.8 percent. It’s now clear to the whole world that China is the main target of Trump’s trade wars. The U.S. has slapped massive tariffs — up to 245 percent — on Chinese goods. China hit back with 125 percent tariffs of its own and refuses even to negotiate until U.S. tariffs are lifted.

European Decoupling From US Imperialism Is A Matter Of Global Security

April 19, 2025 Lama El Horr, Orinoco Tribune. Strategize! Donald Trump, European Union (EU), International Law, International Monetary Fund (IMF), Joe Biden, North Atlantic Treaty Organization (NATO), Trump Administration, U.S. Imperialism, US Empire, Wars and Militarism, World Bank, World Trade Organization (WTO)

At the end of a four-year term, the Blinken-Sullivan-Austin trio, showcase of the Biden administration, will have distinguished itself by multiplying hotbeds of tension all around China, a NATO-Russia hybrid war, two genocidal wars, one televised in Gaza, the other covert, in Eastern Congo, a bloody conflict in Sudan, with millions of refugees, and the umpteenth attempt to kill Haiti – all topped off by mass mutilation in Lebanon and the devastating fall of Syria. As for extraterritorial sanctions and regime-change operations, from Georgia to Venezuela, via Iran, Pakistan and Bangladesh, they have either been maintained or intensified.

Lebanon: Victims Of Israeli Strikes Say They Won’t Bow To US Pressure

March 26, 2025 Sabah Haider, Mondoweiss. Resist! Hezbollah, International Monetary Fund (IMF), Israel, Lebanon, World Bank

Since February 2025, the United States has intensified its efforts to facilitate normalization between Lebanon and Israel. U.S. Deputy Envoy to the Middle East Morgan Ortagus was reported to have delivered an ultimatum to Lebanese leaders, urging the quick formation of civilian committees for negotiations with Israel. Failure to comply could result in Washington withdrawing from the oversight committee, potentially granting Israel greater operational freedom in South Lebanon. This initiative builds upon previous U.S.-mediated agreements, including the 2022 maritime border deal and the 2024 ceasefire between Israel and Hezbollah.

Will Pakistan Remain A US Proxy Or Become A Regional Partner?

March 10, 2025 People's Dispatch. Strategize! Anti-Imperialism, Belt and Road Initiative (BRI), Capitalism, China, Cold War, History, International Monetary Fund (IMF), Pakistan, Sovereignty, US Imperialism

Pakistan is one of the largest countries in South Asia. Ever since its formation in 1947, it has been politically dominated by a coalition of landed and military elites who rule over millions of impoverished citizens mainly by force. Attempts to break this dominance and establish a truly popular government independent of the military establishment have mostly failed. Meanwhile, the ruling classes in Pakistan have been unable to industrialize and democratize the state. Their deep dependence on rent and the interests of the imperialists are in complete opposition to the popular aspirations and sentiments of the people.

Global North Has Nine Times More Voting Power At The International Monetary Fund Than Global South

March 7, 2025 Vijay Prashad, Tricontinental: Institute for Social Research. Educate! Brazil, BRICS, China, Global North, Global South, History, International Monetary Fund (IMF), United Nations (UN), US Imperialism, Venezuela

As far as the International Monetary Fund (IMF) is concerned, each person in the Global North is worth nine people in the Global South. We get that calculation from IMF data on voting power in the organisation relative to the population of the Global North and Global South states. Each country, based on its ‘relative economic position’, as the IMF suggests, is given voting rights to elect delegates to the IMF’s executive board, which makes all of the organisation’s important decisions. A brief glance at the board shows that the Global North is vastly overrepresented in this crucial multilateral institution for indebted countries.

Students Say IMF Is Responsible For Privatization Of Education

December 27, 2024 Abdul Rahman, People's Dispatch. Organize! Democracy, Education, International Monetary Fund (IMF), Pakistan, Privatization

On Sunday, December 22, the Progressive Students Federation (PrSF) in Pakistan organized a Student Action Conference in Islamabad. The Conference brought together hundreds of students from the capital city and nearby areas for a series of panel discussions, political theater presentations, and revolutionary music. Several student leaders from provinces such as Khyber Pakhtunkhwa and Balochistan addressed the gathering of the students talking about the exploitation and oppression their regions are facing under the present government led by Shahwaz Sharif.

Nigerian President Enforced Violent Crackdown On Hunger Protests

December 3, 2024 Pavan Kulkarni, People's Dispatch. Educate! Austerity, Bola Tinubu, Hunger Strikes, International Monetary Fund (IMF), Nigeria, Police, police brutality, Repression, State Violence

Extrajudicial executions, mass arrests, custodial torture and charges of treason were among the methods used by the Nigerian government to crack down on protests this August against rising hunger and economic hardships. Nigerian civil society, demanding a reversal of President Bola Tinubu’s aggressive implementation of IMF policies that brought about this cost of living crisis on Africa’s largest population, led these protests for 10 days at the beginning of August. In a report released on November 28, titled “Bloody August,” Amnesty International (AI) documented 24 killings, while “scores of additional cases reported by activists and journalists” are yet to be verified.

The Left Wins Presidential Election In Sri Lanka

September 23, 2024 Atul Chandra and Vijay Prashad, People's Dispatch. Educate! Austerity, Elections, Finance and the Economy, International Monetary Fund (IMF), Marxism, Sri Lanka

On September 22, 2024, the Sri Lankan election authority announced that Anura Kumara Dissanayake of the Janatha Vimukthi Peramuna (JVP)-led National People’s Power (NPP) alliance won the presidential election. Dissanayake, who has been the leader of the left-wing JVP since 2014, defeated thirty-seven other candidates, including the incumbent president Ranil Wickremesinghe of the United National Party (UNP) and his closest challenger Sajith Premadasa of the Samagi Jana Balawegava. The traditional parties that dominated Sri Lankan politics – such as the Sri Lanka Podujana Peramuna (SLPP) and the UNP – are now on the backfoot, although they dominate the Sri Lankan parliament (the SLPP has 105 out of 225 seats, while the UNP has 3 seats).

How Kenya’s Youth, Middle Classes And Working Poor Joined Forces

July 10, 2024 Caroline Kimeu, Portside. Strategize! Austerity, International Monetary Fund (IMF), Kenya, Ruto, Youth Activism

I remember Kenya’s June 25 protests like they were yesterday. The energy on the streets of Nairobi was frenetic, filled with the sound of whistles, motorcycle honks, vuvuzelas (long horns used to cheer in soccer games) and loud blasts of teargas. “We are tired,” chanted the thousands of demonstrators who had turned out to oppose government plans to introduce wide-ranging tax hikes, on what would become the bloodiest day of the protests. Hoisting up Kenyan flags, they marched through one of the city’s main avenues, which was colored pink from water cannon spray, dodging rounds of rubber bullets and teargas.

IMF-Driven Policies Spark Deadly Protests In Kenya

June 27, 2024 Robert Inlakesh, MintPress News. Resist! Debt, International Monetary Fund (IMF), Kenya, Mass Action, State Violence, Taxes

At least 23 Kenyan protesters were killed on Tuesday after hundreds stormed the nation’s parliament in response to a proposed tax-hike bill, which threatens to deepen the country’s cost of living crisis. The IMF’s pressure on Nairobi to balance its budget is central to the issue. Videos of bodies strewn across the concrete and protesters storming the parliament went viral on social media. This follows protests the previous week that brought the nation to a standstill. President William Ruto, elected to address the cost of living crisis, is now seen attempting to combat dissent with force, having failed to improve conditions.

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