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The IMF Must End Its Destructive Surcharges

A group of 22 financially distressed countries, including Pakistan and Ukraine, has become the largest source of net revenue to the International Monetary Fund in recent years
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Where Expansion Could Hit A BRICS Wall

Turkey’s formal application last week for membership in BRICS marks a major step forward for a bloc that expanded its membership at the outset of the year to embrace Iran, Egypt, Ethiopia, and the United Arab Emirates
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UN Chief Urges Climate Justice For Pacific Nations Beset By Rising Oceans

Pacific island nations threatened by rising oceans, debt and geopolitical tensions can only fight back if international lenders agree to fairer terms for vital development funding and the world’s biggest polluters make a “massive increase” in contributions to address “climate chaos”
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De-dollarisation, Economic Diversification Attract Malaysia to BRICS

NEW DELHI, India: Malaysia would soon begin the process of joining the BRICS grouping, Prime Minister Anwar Ibrahim told a Chinese publication Guancha this week. Earlier, Thailand also expressed a formal interest in joining the Global South grouping.
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Lebanon Hosts Terrorists, Points Massive Arsenal At Israel

NEW YORK, US: In the past few decades, Lebanon has allowed the Hezbollah terror militia and several Palestinian terror groups, including Hamas, to use its territory to plan and launch attacks against Israel. Hezbollah, Hamas and Palestinian Islamic Jihad – the three major officially-designated Foreign Terrorist Organizations operating in Lebanon – are all armed and funded by Iran.
 
 
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Getting To Know The Madani Government


BANGKOK, Thailand:The Anwar Ibrahim administration aka the Madani government has been in power for more than nine months now. As a commentator trying to tell the people the reflections I am seeing, these have met push back with a number of standard criticisms.

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The Belt And Road Turns Into A ‘Debt Trap’ For Beijing


SACRAMENTO, US:With dozens of the member countries of the Belt and Road Initiative (BRI) club pushing to renegotiate their loans from China, the BRI is rightly said to have become a project of debt collection rather than one characterized by Beijing’s ‘win-win’ formula of mutual development. 

 
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IMF Lowers Global Economic Growth Outlook As ‘Fog Thickens’

NEW YORK, U.S.-The International Monetary Fund (IMF) forecast in their latest World Economic Outlook published on Tuesday, that global growth will bottom out at 2.8 percent this year before rising modestly to around three percent in 2024, representing a 0.1 per cent fall on its January projections.

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Millions Driven Into Poverty By Pandemic, Soaring Prices And Recession

MICHIGAN, U.S.--The World Bank report on the growth of global poverty released earlier this week presents a graphic picture of the devastating impact of the COVID-19 pandemic on hundreds of millions of people in the world’s poorer countries, now being exacerbated by rising inflation and the shift of the world economy into recession.

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Sri Lanka’s Collapse Heralds Unwanted New Normal


HONG KONG, China--President Ranil Wickremesinghe is confident a multi-billion-dollar bailout by the International Monetary Fund (IMF) will enable Sri Lanka to have a functioning economy by 2024 but that’s cold comfort and a long way off for the millions of people left stranded with few prospects.

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China Starting Next Global Crisis By Gobbling Up Sri Lanka


NEW YORK, U.S.--On May 12, India confirmed that it would provide a desperate Sri Lankan government 65,000 metric tons of urea, pursuant to an existing $1 billion credit line. The sale, which overrides New Delhi's ban on the exports of the commodity, relieves severe pressure on the government of Sri Lankan President Gotabaya Rajapaksa.

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