IMF sets another condition for crisis-hit Pakistan to revive loan

Crisis-hit Pakistan has made various economic modifications including hikes in fuel prices, raising taxes, and others demanded by IMF to unlock the loan program.

IMF sets another condition for crisis-hit Pakistan to revive loan

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Pakistan and the International Monetary Fund:

In 2018, Imran Khan became Prime Minister of Pakistan. For this, they arranged friendly loans from Saudi Arabia, United Arab Emirates and China to avoid tough IMF conditions. In 2019, when economic conditions worsened, they went to IMF for the twenty-second time for a loan of US$1 billion. IMF gave loan based on conditions such as hike in energy tariffs, removal of energy subsidy, increase in taxation, privatization of public entities and fiscal policies to the budget.

IMF bailout package — rescue or trap for Pakistan?

“The IMF’s agenda is not to strengthen global economies because if it does that, then the Fund itself will be out of business,” he said.

French police attack Yellow Vests protesters in rally against Macron’s economic policies

French police have attacked Yellow Vests protesters, firing tear gas and rubber bullets at thousands of demonstrators, who took to the streets to denounce French President Emmanuel Macron’s economic policies and pension reform.

French police attack Yellow Vests protesters in rally against Macron’s economic policies

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Emmanuel Macron presses ahead with pension reform as French discontent swells

Macron: French health sector problems could deepen in coming years

[2020] Republicans blasting China forget that the GOP enabled Beijing’s rise

As a deadly pandemic wreaks havoc in an election year, Republicans are leveling relentless attacks against China. To be sure, Beijing’s initial response to the coronavirus outbreak was littered with errors, egregious injustices and conspiracy-mongering.

Republicans blasting China forget that the GOP enabled Beijing’s rise

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What Republicans did 15 years ago to help create Donald Trump today

Urged on by their presidential standard-bearer, Texas Gov. George W. Bush, and by nearly all of the business lobbyists who represented the core of the party’s donor class, three-quarters of House Republicans voted to extend the status of permanent normal trade relations to China. They were more than enough, when added to a minority of Democrats, to secure passage of a bill that would sail through the Senate and be signed into law by President Bill Clinton.

Progressives Say Congress Must Raise Debt Limit Now to Protect Social Programs

Progressives Say Congress Must Raise Debt Limit Now to Protect Social Programs

The programs have long been targets of Republicans, despite the fact that Social Security is fully funded through 2035 and is able to pay for 90% of benefits for the next 25 years, even without Congress acting to expand it.

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GOP’s Thune Sees Debt-Ceiling Hike as Vehicle for Budget Cuts

White House Knocks Thune’s Bid to Tie Debt Limit to Entitlements

[1999] CIA’s War Against China

by Ralph McGehee, December 1999

The US has again asked the UN to condemn China’s human rights record. Our nervousness over this issue is increased by the scheduled reversion of Hong Kong to Chinese rule next year. The condemnation request has been accompanied by a barrage of media stor ies about China’s treatment of orphans, the Laogai prison system, the lack of political freedom and other issues. Observers of international political developments will recognize such stories as the standard accompaniment of operations by the CIA/NED to alter or overthrow target governments. The US corporate-owned media, in league with government agencies, orchestrate media coverage to demonize states in conflict with corporate plans. (Many of the media stories seem to be generated by the “privately funded” US-based Human Rights Watch/Asia). Once and if the Chinese government is changed and serves well the corporate state, even if any abuses multiply — we will hear no protest.

CIA’s War Against China
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