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PROGRESSIVE INTERNATIONAL - The IMF's Austerity Is Strangling Ecuador – Again

Never did I imagine that opposing an International Monetary Fund (IMF) loan to Kenya would be viewed by the Kenyan authorities as a criminal act. But that is exactly what transpired last week when activist Mutemi Kiama was arrested and charged with “abuse of digital gadgets”, “hurting the presidency”, “creating public disorder” and other vaguely-worded offences. Mutemi’s arrest was prompted by his Twitter post of an image of President Uhuru Kenyatta with the following caption: “...
United States Kristalina Georgieva International Monetary Fund Fund Facility Al Jazeera Ecuador Central Bank

IMF austerity is strangling Ecuador — again

Author In October 2019, the people of Ecuador rose up against the International Monetary Fund and the austerity demands attached to a $4.2 billion loan to the government of Lenín Moreno. Marching through the streets of Quito, demonstrators called to end the brutal cuts imposed as conditions of IMF support. “What the government has done is reward the big banks, the capitalists, and punish poor Ecuadorians,” a trade unionist told Al Jazeera. “Out with the IMF!” said anot...
United States France General United Kingdom New Delhi Sergio Chaparro Osama Diab

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