IMF's Lagarde and World Leaders Will Attend Historic Ethiopia Summit
April 2015 Honduras coup update
News of political persecution from April 2015
Stabbed to death – partner of Tolupán community leader who defends territory against mines.
The International Monetary Fund (IMF) and the World Bank announced $1.1 billion in debt relief for Chad. The money comes through the IMF and World Bank's two major debt relief programs: the Heavily Indebted Poor Country Initiative (HIPC) and the Multilateral Debt Relief Initiative (MDRI). Chad is the 36th country to receive HIPC relief and the first since 2012. Chad is the fourth-least developed country in the world. More than half its population lives in poverty.
Global Stability and Economic Outlook Reports Released
Grenada agreed to a debt plan with its Caribbean island investors that will result in a 50% reduction in the value of existing Grenada investment bonds. The deal offers investors a portion of future revenues from a government program designed to attract foreign investment.
By Sumi Yi
The International Monetary Fund (IMF) is providing $330 million of financing to aid Ebola-impacted countries. The plan includes $170 million of debt relief and grant-like aid for Liberia, Sierra Leone and Guinea. The new plan also expands a debt relief facility previously used to cancel debt after Haiti's 2010 earthquake. The new expanded facility, the Catastrophe Containment and Relief Trust (CCR), is now a permanent debt relief facility for the world's poorest countries when they experience shocks such as epidemics or natural disasters.
The E.U. and the IMF on behalf of international finance are demanding that the Greek people pay for years of corrupt rule and tax evasion by the Greek elite at home and to help payback the billions of debt transferred from the private to the public sector as a result of the bailouts to banks after the 2008 GFC. However Greek workers are not following the script and are mobilising on a massive scale. Join the Can't pay wont pay solidarity action