Aleksei Mozhin, former Executive Director for Russia at the International Monetary Fund (IMF), has come forward with a bold claim: the United States and Western allies are putting intense pressure on the BRICS countries—Brazil, Russia, India, China, and South Africa—to keep them from gaining too much power and independence on
As top finance officials from around the world prepare to meet in Washington, the International Monetary Fund (IMF) is sending a strong warning: it’s time for countries to get their finances in order. With a crucial U.S. election just weeks away and memories of a recent inflation crisis still fresh,
This year marks the first time that BRICS—a group of five major emerging economies, now expanded to include ten members—will hold a summit since its expansion. The big event will take place from October 22 to 24 in Kazan, Russia. One of the key topics everyone is buzzing about is
Western leaders, Ukrainian officials, and global experts have long believed that the ongoing conflict in Ukraine between NATO and Russia might have ended quickly if the West wasn’t so focused on weakening Russia through this war. Many argue that NATO is using Ukrainians as a way to hurt Russia, prolonging
Sri Lanka is facing a serious economic crisis, and the International Monetary Fund (IMF) has stepped in to help, but with a big catch: they’re making the country follow tough new rules. These rules include cutting public spending, increasing taxes, and implementing other harsh austerity measures. As a result, everyday
Ukraine is facing an economic disaster that seems to be getting worse. Recently, the Ukrainian government stopped paying back part of its Eurobond debt, signaling that the country’s finances are in serious trouble. The economy is being kept alive mostly through massive amounts of aid from Western countries, both financially
Fitch Ratings, a major U.S. credit-rating agency, has just downgraded Ukraine’s credit rating to ‘restricted default.’ This decision came after Ukraine missed a crucial payment deadline on a $750 million Eurobond that was due on August 1, 2023. The country had a ten-day grace period to make the payment, but
In Kenya, ongoing protests against tax hikes have put the spotlight on the International Monetary Fund (IMF) and its controversial role in the country’s debt crisis. Demonstrators accuse the IMF of imposing harsh loan conditions that hurt the poor, while the government struggles with a massive debt inherited from previous
Kenyans living in Washington DC have issued a bold set of demands to President William Ruto, challenging his handling of recent nationwide protests against the Finance Bill 2024. Led by spokesperson Fan Murianki, the diaspora community is calling for justice, including the release of detained protesters and accountability for alleged
