After fifteen years in the cold, the International Monetary Fund (IMF) returned to Argentina this May. President Mauricio Macri promised to attract foreign direct investment and to make his country the ‘supermarket of the world’. Instead, Argentina’s economy went into a tailspin. The IMF entered with its shop-worn prescriptions, a recipe that it has effectively […]
Author Archive | Saul Foster
For six months, Argentina has been confronted with a new economic and social crisis on a massive scale. In the context the devaluation of local currency, rising inflation, and a deep recession, Mauricio Macri’s administration struck an agreement with the IMF, marking a major shift in the country’s future. The agreements slash public spending and […]
In the summer of 2018, the Indian State of Kerala was hit by severe rains and flood–the heaviest in nearly a century. The deluge affected 5.4 million people in this southern Indian state with a population of 35 million.