Last week a US district court granted Sri Lanka’s request for a six-month pause on a creditor lawsuit against the country. Hamilton Reserve Bank holds a big chunk of one of Sri Lanka’s now-defaulted bonds and had been suing it for immediate repayment.
Sri Lanka’s debt trap and the vultures
Tag: International Monetary Fund
The Grim Prospects of US Proxies: Ukraine, Israel, and Taiwan
As Russia’s special military operation (SMO) approaches two years of intense fighting, having parried Ukraine’s “spring counteroffensive” and with the initiative shifting to Russian forces, Western capitals are now admitting they are reaching the limits to remaining support for Kiev.
The Grim Prospects of US Proxies: Ukraine, Israel, and Taiwan
Ex-Pakistani PM charged amid US interference scandal
A special court in Pakistan formally charged former Prime Minister Imran Khan and his then-foreign minister on Monday with breaching state secrecy laws. The charges stem from their alleged conspiracy to reveal what Khan characterized as US interference in orchestrating his removal by political opponents last year.
Ex-Pakistani PM charged amid US interference scandal
Did The Intercept mess things up, again?!
Argentina election 2023: what you need to know
The vultures are ready to “make the economy scream” if Javier Milei wins!*
Argentina election 2023: what you need to know
Far-right libertarian Javier Milei is leading the polls ahead of Argentina’s Oct. 22 presidential vote, but it remains a tight race between the top three candidates, three surveys showed.
Related:
Argentina election: from peso to dollar?
But dollarisation would also mean immediate recession and slump. It would have to start with a massive devaluation of the domestic peso monetary base. In a very optimistic scenario, if Argentina received a loan of say $12 billion from the IMF and used $5 billion as a reserve for the banking system and $7 billion to dollarise the monetary base, the domestic peso monetary base would still have to be reduced by nearly 400%. Argentine salaries (then in US dollars) would become among the lowest globally and poverty would rise to unprecedented levels. And Argentina is already in a recession with real GDP expected to drop by around 2% this year. So either way: peso or dollar, Argentine households would pay the price in living standards.
…
Desperation has driven many Argentines to consider a ‘libertarian, anarcho-capitalist’ as president. If this were to happen, it will be going down another blind alley. Argentina’s capitalist economy will continue to fail.
Just scratching the surface:
Read More »Former Venezuelan Coup Plotter, Greedo, Hired By Florida College to Speak on ‘Defending Democracy’ + More
Juan Guaido was hired by Florida International University (FIU) to give a series of talks and mentor students. Guaido launched a coup attempt in Venezuela in 2019 but failed to gain any significant support within the country.
Former Venezuelan Coup Plotter Hired By Florida College to Speak on ‘Defending Democracy’
Related:
Venezuelan opposition leader Juan Guaidó is teaching at FIU. But it’s only for a while
In April 2023, Guaidó said Colombian authorities threatened to turn him over to Maduro after entering the country for a forum about the Venezuelan crisis. The Biden administration helped Guaidó leave Colombia and come to Miami.
Jamil Mahuad** [Fulbright Program, Harvard Kennedy School], president of Ecuador from 1998 to 2000.
Robin S. Bernstein*** [American University School of International Service, George Washington University School of Business]
Miomir Žužul [Harvard Kennedy School]
Read More »Declassified: Yugoslavia’s ‘Propaganda Value’ for British Spies
Declassified files shed fascinating light on how during the Cold War, Yugoslavia was a subject of intense cloak-and-dagger interest to British intelligence propagandists within Information Research Department (IRD).
Declassified: Yugoslavia’s ‘Propaganda Value’ for British Spies
Related:
Pakistan, Saudi Arabia agree to deepen cooperation in diverse sectors
Pakistan, Saudi Arabia agree to deepen cooperation in diverse sectors
Foreign Minister thanked the Saudi leadership for their generous and unwavering support for Pakistan which was particularly instrumental in securing the deal with the IMF.
Previously:
Bombs for Bailouts: Pakistan Supplied Weapons to Ukraine in Return for U.S.-Brokered IMF Loan
Bombs for Bailouts: Pakistan Supplied Weapons to Ukraine in Return for U.S.-Brokered IMF Loan
The Biden administration helped Pakistan get a controversial new bailout from the International Monetary Fund after Pakistan agreed to secretly sell arms to the United States for the war in Ukraine, according to a new blockbuster report by The Intercept. The deal allows Pakistan to sell some $900 million in munitions while keeping IMF loans flowing to the government in Islamabad amid a spiraling economic crisis, which is driven at least partly by the austerity measures imposed by the IMF loan. Pakistan’s position on the war in Ukraine has shifted significantly since Russia’s invasion and the ouster of Prime Minister Imran Khan, who was removed from office in 2022 under pressure from U.S. diplomats who objected to his “aggressively neutral” stance on the war. Khan is now imprisoned in Pakistan on corruption charges. Meanwhile, the caretaker government backed by Pakistan’s powerful military has delayed planned elections, widely seen as an attempt to block Khan’s supporters from power. “When the United States has a primary foreign policy objective, in particular when it’s a war, everything else falls away. That’s what you’re seeing in Pakistan now,” says The Intercept’s Ryan Grim.
Bombs for Bailouts: Pakistan Supplied Weapons to Ukraine in Return for U.S.-Brokered IMF Loan
Related:
“U.S. Helped Pakistan Get IMF Bailout With Secret Arms Deal For Ukraine, Leaked Documents Reveal”
Argentinians protest against IMF-imposed austerity measures
Argentinians have taken to the streets of the capital, Buenos Aires, to protest against austerity measures imposed by the government following a deal with the International Monetary Fund (IMF).
Argentinians protest against IMF-imposed austerity measures
AP ‘conveniently’ leaves out the IMF deal! It’s almost as if they want Javier Milei to win (of course, they do)!
Previously:
Chile, September 11, 1973: The Horrors of ‘the First 9/11’ Are Routinely Overlooked
Each September large memorials are held for the 9/11 attacks on the US. Yet few recall the far more destructive 9/11 that occurred 28 years before.
Chile, September 11, 1973: The Horrors of ‘the First 9/11’ Are Routinely Overlooked
Related:
Ms. Cat’s Chronicles 
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