In its latest economic outlook, the IMF sees only the storms in the Western skies rather than the calm in the East COMMENT | VIJAY PRASHAD | On 22 April 2025, the International Monetary Fund (IMF) released its annual World Economic Outlook report, which has a quiet but decisive subtitle: A …
Read More »
It is not being widely advertised these days, partly because of problems among Global South states COMMENT | VIJAY PRASHAD | In January 2025, Indonesia – the world’s fourth-largest country by population (282 million) with the seventh-largest Gross Domestic Product by purchasing power parity – joined the BRICS+ bloc. Eleven countries …
Read More »
The conversation should not be how to sustain an economy in a permanent debt spiral but how to break that cycle COMMENT | VIJAY PRASHAD | In the past two decades, the external debt of developing countries has quadrupled to $11.4 trillion (2023). It is important to understand that this money owed …
Read More »
Why it is unlikely that a few baubles will attract Putin to adopt his strategy to befriend Russia to isolate China COMMENT | VIJAY PRASHAD | U.S. President Donald Trump called Russian President Vladimir Putin and told him that the U.S. government is committed to a peace process in Ukraine. …
Read More »
It wants either an apartheid state or an ethnic cleansing process and both are crimes under international law COMMENT | VIJAY PRASHAD | On October 30, 2023, Israeli authorities said that they had killed “dozens” of Hamas fighters in the first days of their ground invasion. Meanwhile, Gaza’s Ministry of Health …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
