... inequality between the Global North and the Global South persists. This is happening due to power imbalances inscribed in the world economy and maintained by the developed countries, which claim to have the right and responsibility to set the rules of international ... ... interests, quite often at the expense of everyone else,” to
quote
economic anthropologist Jason Hickel, the Global North uses the IMF and the World Bank for this purpose.
By tradition under an unwritten transatlantic agreement, Europe has to select the managing ...
The global economy has fallen into the trap of a "new abnormality," where incessantly creating money does not solve pressing socioeconomic problems
There is reason to believe that the coronavirus will not be going anywhere soon. What is more, IMF experts warn that problems that existed before the pandemic
will only worsen
in the coming decades. One of these problems is the state of the global financial market, which is more susceptible to all kinds of financial bubbles than ever before.
When ...
... putting the 2019 growth estimate at the lowest level since the 2008-2009 financial crisis
This year’s Annual meetings of the IMF and the World Bank in Washington DC revealed a growing preoccupation with the mounting signs of a slowdown in the world economy. The IMF’s diagnosis was that of a “synchronized slowdown” across the globe with the Fund revising its growth projection for global economic growth downwards and putting the 2019 growth estimate at the lowest level since the 2008-2009 financial crisis....
... of her crisis." With the exception of Mr. Samaras's narrow circle of advisers, everyone knows that this claim is bogus. In October, Mr. Samaras took another bold, but utterly inane, step in announcing that Greece was about to ditch the IMF and stand on her own two feet... Read more
... empty and gold and foreign currency reserves dwindle. Moreover, the efforts of the National Bank of Ukraine to stabilize the economy
inspire little if any optimism among experts
. The external funding of 35 billion dollars requested by Kiev could have ... ... have passed since the armed revolution, the government has managed to obtain only about
$6 billion in loans and aid
from the IMF, the EBRD, the United States, the EU and individual European countries. The IMF may provide another 1.5 billion dollars
in ...
