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BRICS Feature
Opinion & Analysis

The Rise of the Global South: Can BRICS Triumph Over the IMF and World Bank?

With Anti-IMF Candidate Surging in Polls, Ecuador’s Moreno Flies To DC Amid Talk of Suspending Election

Adding to worries that a Bolivia-style coup might be imminent in Ecuador, Lenín Moreno will spend his final days in office in Washington, DC, where he’s been meeting with members of the Biden administration.

February 1st, 2021
Alan Macleod
February 1st, 2021
By Alan Macleod
Ecuador Elections

Polls show socialist, anti-imperialist candidate Andrés Arauz to be the clear frontrunner in Ecuador’s presidential elections slated to take place this Sunday, February, 7. Some even suggest the 35-year-old might receive double the votes of his nearest competitor in the first round of voting. Yet it now appears that the greatest danger to Arauz is

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With Likely Victory of Andrés Arauz, Ecuador Will Join Latin America’s Anti-Imperialist Surge

Ecuador is just weeks away from becoming the latest Latin American nation to move away from the IMF and United States and elect a strongly progressive, anti-imperialist government.

January 25th, 2021
Alan Macleod
January 25th, 2021
By Alan Macleod
Ecuador Elections Feature photo

If the country’s polls are to be believed, Ecuador is set to become the latest Latin American nation to move away from the United States and elect a strongly progressive, anti-imperialist government. Successive public opinion studies have shown Andrés Arauz of the Unión por la Esperanza coalition holding a commanding lead over his rivals, with some

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IMF Seizes on Pandemic to Pave Way for Privatization in 81 Countries

76 of the 91 loans the IMF has negotiated since the beginning of the coronavirus pandemic come attached with demands for deep cuts to public services and policies that benefit corporations over people.

October 12th, 2020
Alan Macleod
October 12th, 2020
By Alan Macleod
IMF Ecuador Feature photo

The enormous economic dislocation caused by the COVID-19 pandemic offers a unique opportunity to fundamentally alter the structure of society, and the International Monetary Fund (IMF) if using the crisis to implement near-permanent austerity measures across the world. 76 of the 91 loans it has negotiated with 81 nations since the beginning of

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Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit

Mexico’s economy is put in the crosshairs by the IMF as the “new NAFTA” takes effect and AMLO is forced to make concessions to avoid an even deeper recession.

July 10th, 2020
Raul Diego
July 10th, 2020
By Raul Diego
Mexico Economy Feature Photo

Mexico's president, Andres Manuel Lopez Obrador, known colloquially as AMLO, arrived back in his nation's capital yesterday aboard an American Airlines flight after his first state visit to the United States since taking office in a historic, landslide victory in 2018. The commercial flight included a stopover at Miami International Airport as

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Bodies in the Streets: IMF Imposed Measures Have Left Ecuador Unable to Cope with Coronavirus 

Ecuador is near collapse under the strain of the coronavirus after the government of Lenin Moreno stripped state services nearly bare at the behest of the IMF.

April 13th, 2020
Alan Macleod
April 13th, 2020
By Alan Macleod
Ecuador Coronavirus Feature photo

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 7,500 cases and 333 deaths. But everybody knows this number is nonsense, including President Lenín Moreno, who freely admitted that authorities were

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IMF Conditions Emergency COVID-19 Loan to Venezuela on Regime Change

The IMF refused a COVID–19 emergency loan to Venezuela unless it agreed to overthrow President Maduro and installs the Washington-backed Juan Guaidó.

March 30th, 2020
Alan Macleod
March 30th, 2020
By Alan Macleod
Venezuela coronavirus Feature photo

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 “lacked recognition.” “IMF engagement with member countries is predicated on official government recognition by the international community, as reflected in

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