Institute of Political Economy

Top economists incl. @JosephEStiglitz @PikettyWIL @Jayati1609 @yanisvaroufakis @StephanieKelton @jasonhickel @kateraworth @FadhelKaboub call for halt to Sri Lanka debt repayments after Cyclone Ditwah. @YukthiSL @IMFNews @debtjustice @eurodad @AFRODAD2011 theguardian.com/business/2025/…

🇱🇰“Sri Lanka stands at a pivotal moment, confronting both a crippling debt crisis and escalating climate threats.” - Niyanthini Kadirgamar, senior research fellow and one of the authors of the new report “Spillover Effects: The Fossil Fuel Debt Trap in the Global South” 🔗 Read the report fossilfueltreaty.org/s/Spillover-Ef…

Against a backdrop of war, #aid cuts, more #debt & #austerity, the response from @IMFNews & @WorldBank at #SpringMeetings risks deepening the global humanitarian crisis unless there's urgent action on: ❗debt relief ❗adequate financing ❗governance reform eurodad.org/spring_meeting…

With climate shocks like Cyclone Ditwah and war in Iran hitting debt-laiden economies such as Sri Lanka – now under its 17th @IMFNews programme – it's clearer than ever that debt cancellation is urgently needed @ipe_sl Read more in #BWObserver Spring 26👇brettonwoodsproject.org/2026/04/civil-…

Civil society calls for debt cancellation and end to IMF-mandated austerity as cyclone devastates Sri Lanka @brettonwoodspr brettonwoodsproject.org/2026/04/civil-…

“The @IMFNews @WorldBankGroup structural adjustment programs imposed austerity, privatisation and economic deregulation and have been associated with severe negative impacts on health outcomes and human welfare” - @jasonhickel gh.bmj.com/content/11/Sup…

It's time to see past our differences and remember what connects us. When we realise where our strength lies - in each other - that's when change happens. Join us - join.greenparty.org.uk

@NCdeMel Despite the series of external shocks facing & impacting Sri Lanka, why did the governor of @cbsl fail to push for a sustainable solution to the external debt crisis during the recent @imfnews @KGeorgieva visit? Adhoc solutions after each shock do not protect the poorest.

To keep pricing fuel on our cost recovery formula? or not to--and give relief? We hear this question a lot in #SriLanka with the global price shock triggered by war on Iran. Good news! it's not a binary choice. Both are possible 1. Fully recover cost 2. Give relief to people

globalsouthperspectives.substack.com/p/sri-lankas-1… “The fact that Sri Lanka is deeper in debt after 60 years of IMF micromanagement has got to mean one of two things; either the IMF is incompetent, or it is in fact engaging in intentional economic entrapment. I believe it is the latter.” ~ Fadhel Kaboub

Sri Lanka’s 17th @IMFNews debt trap open.substack.com/pub/globalsout…. @FadhelKaboub @cbsl @Jayati1609 @debtjustice @tri_continental @shiranperuma @YukthiSL @jasonhickel @cepa @TalkEcon_IPS @eurodad @Lakmali89

After 2 weeks of negotiations at @UN, momentum is building in the #UNTaxConvention negotiations! While the potential for a trillion-dollar treaty is still in reach, European leaders seem more focused on stripping it of content. Read our full reaction 👉 eurodad.org/momentum_build…

We can move beyond the capitalist model and save the climate @yanisvaroufakis @jasonhickel theguardian.com/environment/co…

Undermining the commons: The regulatory assault on community credit. @kokobanis ft.lk/financial-serv…

This week 2 hedge funds said they're SUING Ethiopia, a country deep in debt crisis. They tried to force the govt into a bad debt deal. Now they're using UK law to bully Ethiopia into repayments the country can’t afford. UK needs a debt justice law that puts people before profit

How capitalism destroys the world and limits innovation, rather than the reverse. Capitalism can never be relied on for basic needs such as food security or even healthcare, it only serves to accumulate and maximize profit. What an accurate take from him.

GLOBAL INEQUALITY REACHES OBSCENE HEIGHTS The 2026 World Inequality Report offers a damning indictment of the extreme concentration of wealth and power worldwide. Among the most outrageous figures: 10% of the world's population owns 75% of the wealth, vs just 2% owned by the bottom 50%. In fIn fact, the top 0.001% alone accounts for three times as many people as half the world's population combined. The same 10% is responsible for 77% of world carbon emissions, compared to just 3% for the bottom half, who will suffer the most from runaway global heating. Accounting for unpaid domestic labour, women on average earn just 32% per hour as men. The world's wealthiest region spends 30 times as much per capita on education and healthcare as its poorest. And that yawning chasm is only growing. Marxists have long had the analytical tools to understand how such grotesque inequality came to be. Yet the language of unequal exchange -- even the basic vocabulary of capitalism and imperialism -- is nowhere to be found in the World Inequality Report's hundreds of pages. Instead, all it offers is vague prescriptions for progressive taxation and "accountability" for corporate actors. That's because the report quite literally owes itself to those same corporations' philanthropic, reputation-laundering largesse. It may usefully synthesise, in hard data, the glaringly obvious evidence we already have for the world's appalling inequities. But it can never serve as a roadmap for truly ending them. @VoxUmmah @venanalysis @qiaocollective @ProgIntl @KawsachunNews @OrinocoTribune @blkagendareport @SoberaniaPod

Important piece highlighting the limitations and lessons for a wide range of lower and middle income countries, from @CllrGunawardena ft.lk/opinion/Lesson…

Beyond rupees and recovery: the human cost of Cyclone Ditwah. @YukthiSL sundayobserver.lk/2026/01/25/imp…

@KGeorgieva @Dr_HariniA .@IMFNews @KGeorgieva should support the call to immediatly suspend SL’s external sovereign debt payments as called for by @Jayati1609 @jasonhickel @JosephEStiglitz @PikettyWIL @FadhelKaboub @KateRaworth @Dr_HariniA ft.lk/columns/The-ca…

Important meeting with Sri Lanka’s PM @Dr_HariniA at #WEF26. Sri Lanka and its people have shown remarkable resilience in the face of the devastation from Cyclone Ditwah. I reiterated the IMF’s commitment to supporting its economic recovery.

A must watch - Canadian Prime Minister Mark Carney’s, speech at @wef. Spells-out what everyone knows - but fails to challenge - the unjust nature of the global economic order. Sri Lanka should mitigate the risks. youtu.be/btqHDhO4h10?si…