The International Monetary Fund’s (IMF’s) internal Independent Evaluation Office has criticized the international funding agency over some of its biggest rescue plans of the past two decades.
Tag: IMF
MORE EMERGING NATIONS FACE FISCAL CRISES, DEFAULT, WORLD BANK SAYS
High interest rates are pushing even more poor countries to the brink of financial collapse, the World Bank said in a 3 December report.
IMF MAKES UNSCHEDULED VISIT TO PAKISTAN AMID FISCAL DANGER SIGNS
Officials of the International Monetary Fund (IMF) made an unscheduled visit to Pakistan last week to discuss a possible $7-billion bailout amid imminent dangers to the country’s fiscal stability.
RUSSIA’S CENTRAL BANK JACKS INTEREST RATE TO 20-YEAR HIGH
The Bank of Russia has raised its key interest rate to 21 percent, the highest since 2003, as runaway military spending pushes inflation’s pace to an average of 8.8 percent this year, bank governor Elvira Nabiullina said in a press briefing.
WORLD’S GROWTH SHIFTING TOWARD BRICS NATIONS, IMF SAYS
China will account for 22 percent of global economic growth over the next five years and India 15 percent, according to the International Monetary Fund’s (IMF’s) new economic outlook report.
U.S. PREPARED TO STEAL $20B IN RUSSIAN PROFITS TO HELP FUND G7 LOAN FOR UKRAINE
The U.S. is prepared to provide the Group of Seven [G7] with about $20 billion in interest from Russian assets that have been frozen since the start of the Ukraine War.
EL SALVADOR CONTINUES TO BLAZE ITS OWN BITCOIN TRAIL
The International Monetary Fund (IMF) isn’t happy. But El Salvador under President Nayib Bukule is solidifying its pro bitcoin policies, meant to provide a stable reserve to the country, and to allow citizens to transact in the most recognized and widely held crypto asset.
GERMANY AGING LIKE JAPAN, WHILE PUTIN OFFERS RUSSIA AS HAVEN FOR DISAFFECTED WESTERNERS
Europe is dying, not just from yet another calamity of war, but because of the calamity of twisted Western modernity.
EUROPE’S ELECTION WINNERS FACE DRASTIC CONFLICTS
The U.K. and France both elected new parliaments this month and the new governments already face seemingly impossible tasks: fulfilling their mandates for dramatic changes while struggling with massive public debt, which has metastasized far beyond pre-COVID levels.
GOVERNMENT DEBT SETS RECORD AT $97 TRILLION
Worldwide, governments at all levels now owe a record $97 trillion, the UN Trade and Development Organization reported last week.