friend,
One little known financial institution wields enormous power over whether or not a country can apply for debt cancellation. This week our research revealed how, instead of supporting countries in crisis, the International Monetary Fund (IMF) is acting as a debt collector for wealthy lenders. [1] And right now they are holding their annual meeting in New York.
On Thursday 23 October, we’ll be hearing from activists in two of these countries – Egypt and Pakistan – about the brutal crackdowns on people challenging debt-fuelled austerity – and how the economic crisis is being used by authoritarian leaders to justify their rule.
