Tag archive for ‘IMF’
By Ana Nivtova On Monday, November 22nd, 2010

Ireland Confirms Billion-Euro Bailout Plea

Irish Prime Minister Brian Cowen confirmed Sunday that his country requested financial assistance, which has received the approval of European Union Finance Ministers as well as the IMF (International Monetary Fund). Didier More...

By Justin Frewen On Thursday, April 15th, 2010

Debt Burden Continues to Cripple the South

Between 1970 and 2002, the continent of Africa received some US$540bn in loans. However, a United Nations Conference on Trade and Development (UNCTAD) study, Debt Sustainability: Oasis or Mirage? revealed that despite More...

By Justin Frewen On Tuesday, March 23rd, 2010

Poverty in the Southern Hemisphere

Despite the wondrous technological developments and global wealth generated since the start of the 19th century, billions of people continue to live in the direst conditions of poverty. One of the most prevalent More...

By Adrian Santana On Wednesday, July 8th, 2009

World recession easing, sluggish recovery in sight, says IMF

The world is starting to pull out of its first recession since World War II, said the International Monetary Fund in its latest report released Wednesday. According to the latest report, the global economy was More...

By Adrian Santana On Wednesday, June 10th, 2009

Tourism and travel industry set to contract in 2009

The global tourism and travel industry is set to contract in 2009, according to a new report by Euromonitor International entitled “The Forecast Restatement – Travel and Tourism in a Crisis” launched More...

By Adrian Santana On Saturday, May 9th, 2009

Global financial crisis: How New will the New Multilateralism be?

It is safe to assume that many common people of yore might have believed – with typical end-of-tragedy romanticism, that postwar multilateral institutions heralded the advent of an era of understanding among More...

By Adrian Santana On Monday, April 27th, 2009

World Bank: 50 million forced into extreme poverty

The World Bank on Sunday urged rich countries to hurry up with the delivery of the money they’ve pleded as well as give more, in order to help poor nations hit hard by the global economic crisis. An economic More...

By Adrian Santana On Wednesday, April 22nd, 2009

IMF: Economic crisis to cost $4 trillion

The IMF has calculated that global losses from the financial crisis could rise to $4 trillion. While some are already talking about recovery and others promoting “glimmers of hope”, the IMF warned More...

By Adrian Santana On Thursday, April 16th, 2009

Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The More...

By Adrian Santana On Tuesday, April 7th, 2009

IMF places Toxic Debt at $4 Trillion

The International Monetary Fund (IMF) could place toxic debt at $4 trillion by 2010, according to international media reports on Tuesday. The $4 trillion forecasted by the IMF, includes the approximately $3 trillion More...