The IMF has agreed $449 million of loans to the Republic of Congo over three years. In response to the debt crisis in the country, the IMF has made a restructuring of external debts a requirement of the loans, particularly on debts to China and to commodity traders Glencore and Trafigura.
Source: Eurodad As G20 leaders meet this weekend to debate the state of the global financial and economic system, there is no shortage of problems to discuss. For example, the world is facing a new wave of debt crises; continued large-scale corporate tax avoidance; and a desperate lack of funding for achieving the sustainable development…
The objectives of the European Union are being diverted from its foundations as a union for peace and solidarity, towards servicing the interests of the financial elite. We’re calling on European election candidates to stand up for financial justice and pledge to put people before profit: 1. I pledge to stand up to vulture funds…
“Time is the best medicine” they say, and in the Greek political and social reality, this is more than true.
