The International Monetary Fund and the World Bank have a well-deserved reputation for being the loan sharks of global capitalism. Both institutions are infamous for forcing poor countries in the global south to ruin their own economies in order to further enrich Western corporations. Nations who decline to borrow money at exorbitant interest rates and then beggar their populations to pay it back (or worse, default on their existing debt), are subjected to trade sanctions that have been described as “the economic equivalent of nuclear war.”
At least 20 killed, injured in Pakistan bomb blast
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At least 20 people were killed and injured following a bomb blast in
Balochistan of Pakistan. The police in Pakistan’s Balochistan province
announced that...
6 hours ago
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