Page 3 - La Deuda News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On 11 April 2021, Guillermo Lasso (52,4%), the right-wing candidate, defeated Andres Arauz, the candidate supported by Rafael Correa and part of the Left, by 52.4% vs 47.6% in the second round of ballots for the presidential election. Lasso was elected thanks to the division of the Left, since a significant part of it, which has become deeply diffident of Rafael Correa, called for a null vote. Votes on the popular side, that represented a clear majority in the first round of February 2021, were divided, which made it possible for a former banker to be elected president. The situation is serio...

Latin America has once again entered a period of strong social and political turbulence Interview with Franck Gaudichaud Franck Gaudichaud recently wrote and coordinated two collective works drawing a critical assessment of “progressive” political attempts to challenge neoliberal hegemony in Latin America. In this interview, he considers the social and political dynamics of the recent period, and also current issues in the region. The interview was conducted by Rosa Moussaoui, journalist and senior reporter for the newspaper L’Humanité. What is the common political thread to what you c...

Series: 1944-2021, 77 years of interference from the World Bank and the IMF (Part 28) The World Bank did not Foresee the Arab Spring Popular Uprisings and still Promotes the very same Policies that triggered them 12 April by In 2021, the World Bank (WB) and the IMF will reach the age of 77. These two international financial institutions (IFIs), created in 1944, are dominated by the United States and a few major allied powers that act to generalize policies contrary to the interests of the people. The WB and the IMF have systematically lent to states in order to influence their poli...

3 April by Piyumi Fonseka Sometimes a loan obtained to save a life can end up taking another life, in the debt-stricken villages of Sri Lanka. A 24-year-old mother killed her child and committed suicide two months ago due to her inability to repay a loan of Rs. 400, 000 to a micro-finance company. It is just one story out of millions of borrowers. Like more than 2.5 million other people in Sri Lanka, most of them were women; she had turned to micro credit in an effort to lift herself out of poverty. Despite microfinance loans represent only 3% of the total loan portfolio of the secto...

India: Proposals against new attempts to privatise state-owned banks 11 March by Public sector banks account for more than two-thirds of the banking market in India. Currently, they are subjected to a systematic smear campaign launched by the reactionary Narendra Modi government, big media including the international press such as the Financial Times. [1] These canards are aimed at accelerating the privatisation drive underway since the 1990s. Critics of the public sector argue that the banks would be much more efficient and serve public interest better if they were fully privatis...