#imfloans — Public Fediverse posts

Pakistan breaches IMF loan terms as international airline scraps discounts, cuts flights

Pakistan breaches IMF loan terms as international airline scraps discounts, cuts flightsIANS P…
#Economy #aviationcrisis #economicstrain #fiscaldeficit #flightcuts #fuelpricehike #globaloilsurge #IMF #IMFloans #InternationalMonetaryFund #jetfuelprices #pakistan #Pakistaneconomy #pakistaninternationalairlines #passengerdiscountsscrapped #petrollevycut #PIA #subsidyrollback
https://www.europesays.com/2905646/

So, another evil thing in the world is how countries are given loans (which are often mismanaged) instead of just being helped out by other countries. The indebted countries are then forced to stoop to #environmental degradation (like selling forests to mining interests) and #HumanRights violations to pay back the debts.

Activists Disrupt Meeting to Demand '#LoanSharks' IMF and World Bank Cancel All Debt

by Brett Wilkins
Oct 11, 2022

"We need #localization and #ecological #sustainability for the people, planet, and peace," said #CodePink's Nancy Mancias. "We are calling on the IMF and #WorldBank to end its debt trap monetary practices which are causing countries to sink further down into economic crises."

https://www.commondreams.org/news/2022/10/11/activists-disrupt-meeting-demand-loan-sharks-imf-and-world-bank-cancel-all-debt

Explainer: Who holds #Ghana's debt and what restructuring is planned?

By Rachel Savage and Marc Jones
December 9, 2022

https://www.reuters.com/world/africa/who-holds-ghanas-debt-what-restructuring-is-planned-2022-12-09/

Critics Say IMF Loan Fees Are Hurting Nations in Desperate Need

Democratic lawmakers say the global fund’s surcharges for emergency relief siphon away money that countries need to fight the pandemic.

https://www.nytimes.com/2022/01/14/business/economy/imf-surcharges.html

#IMFLoans #IMFLoanSharks #CancelAllDebt #TaxTheRichToHelpThePoor #WealthRedistribution #ChineseLoans #WorldBank

#Ghana hollows out #forests and green protections to advance #mining interests

Malavika Vyawahare
28 Aug 2024
via @mongabay

Key points:

- The Ghanaian government has significantly ramped up the approval of mining permits under legislation passed in late 2022, intensifying concerns about runaway environmental damage.

- The country is already the top #gold producer in #Africa, but much of the mining is done in #forest reserves and other #biodiverse #ecosystems.

- The government has long cracked down on artisanal illegal #GoldMiners, but activists say the real damage is being wrought by #industrial operations, both legal and illegal.

- A debt default in 2022 has seen #Ghana lean even more heavily on its gold to mitigate the crisis, prompting warnings that such a policy is neither #economically nor #environmentally #sustainable.

Read more: https://news.mongabay.com/2024/08/ghana-hollows-out-forests-and-green-protections-to-advance-mining-interests/

#ApampramaReserve #HeritageImperial #WaterIsLife #SaveTheForests #NoMiningWithoutConsent #CorporateColonialism #C&GAleska #GoldMining #GSBA #LithiumMining #BodiForestReserve #IMFLoans #WorldBank #IMFLoanSharks