PEH Blog

Tag: austerity

  • The IMF and the Argentinian Right

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    David Legge
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    C. P. Chandrasekhar, January 25, 2024 On January 10, the IMF announced its decision to release $4.7 billion out of a $57 billion bailout package sanctioned in 2018 to perennially debt-distressed Argentina, then under a right-wing government headed by Mauricio Macrio. That surprised some. Going by the IMF’s stated ‘principles’, the disbursal should not have…

  • The Middle East and North Africa Gap: Prosperity for the rich, austerity for the rest

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    David Legge
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    This Oxfam briefing paper (by Alexandros Kentikelenis, SaharMechmech, Amine Bouzaiene, Rowaida Moshrif, and Nabil Abdo, October 2023) examines growing inequality in the Middle East and North Africa (MENA) region, focusing on Egypt, Lebanon, Morocco and Tunisia in the wake of the Covid-19 pandemic and the cost of living crisis. It examines the lack of adequate…