It has been said and written many times that the genocide of Palestinians in Gaza is “the first live broadcast war” in history. And that, as a result of this historic first, no one can now claim ...

Edvard Weie, CC, SMK Open, https://open.smk.dk/artwork/image/KKS1964-338?q=*&page=39&filters=public_domain%3Atrue%7Chas_image%3Atrue&range=production_dates_end%3A1800 ...

According to the doctrine, for a debt to be odious it must meet two conditions: 1) It must have been contracted against the interests of the Nation, or against the interests of the People, or against ...

International Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange ...

In 1996 the IMF and the World Bank launched an initiative aimed at reducing the debt burden for some 41 heavily indebted poor countries (HIPC), whose total debts amount to about 10% of the Third World ...

A country’s balance of current payments is the result of its commercial transactions (i.e. imported and exported goods and services) and its financial exchanges with foreign countries. The balance of ...

Mozambique, a country of 20 million inhabitants, has just suffered the worst floods for 30 years. The government estimates the cost of reconstruction at $250 million. While the industrialized ...

A PIK or PIK loan is a loan characterized by the fact that the payment of interest Interest An amount paid in remuneration of an investment or received by a lender. Interest is calculated on the ...

The phrase Chicago boys refers to a team of neoliberal economists at the University of Chicago who in the wake of Milton Friedman (who died in 2007) had a deep influence on the economic policy of the ...

A country’s balance Balance End of year statement of a company’s assets (what the company possesses) and liabilities (what it owes). In other words, the assets provide information about how the funds ...

This strategy mainly refers to a well-documented experiment in Latin America in the 1930s and 1940s, and research carried out by the CEPAL (the UN Economic Commission for Latin America – ECLA) in the ...