Public spending cuts across six African countries have resulted in the incomes of health and education workers falling by up to 50 percent in five…
Here are the key developments on the 1,093rd day of Russia’s full-scale invasion of Ukraine.Here is the situation on Friday, February 21: Fighting Russian forces…
Today on The Stream: We examine how negative global perceptions of the African continent affect its economies and the lives of its people.Research conducted by…
Today, the world is confronting a “polycrisis” – many dire crises occurring simultaneously, reinforcing and feeding into each other, that are inseparable. Global South countries…
Islamabad, Pakistan – After days of uncertainty, the International Monetary Fund (IMF) approved a $7bn loan programme for Pakistan on Wednesday, a move analysts welcomed…
Approval comes more than two months after international lender and Islamabad said they had agreed on programme.The International Monetary Fund (IMF) has approved a new…
Marxist-leaning Anura Kumara Dissanayake has taken office as Sri Lanka’s president shortly after winning the country’s election. Dissanayake, who was sworn in on Monday after…
While the economy has stabilised many people are suffering as a result of austerity measures backed by the IMF.Sri Lankans have begun voting in their…
Islamabad, Pakistan – When Pakistan reached yet another staff-level agreement (SLA) with the International Monetary Fund (IMF) in July for a $7bn, three-year loan programme,…
Petrol will cost up to 15 percent more from Friday.Egypt is raising fuel prices for the second time in four months, fulfilling an economic reform…
Weeks since protests began, determined Kenyans continue going out to voice their frustrations with the government. But when demonstrators first took to the streets in…
Pakistani voters head to the polls on Thursday amid a deep-seated economic crisis. Inflation is hovering at 30 percent, close to 40 percent of people…
IMF upgrades growth outlook for Russia and downgrades expectations for the eurozone. The International Monetary Fund predicts strong growth for Russia’s economy this year, despite…