IMF Cuts Global Growth Outlook to Lowest Since Financial Crisis
Fund cites Brexit, Fed policy for latest slash in forecast
Tag: imf
Pot or kettle? IMF’s Lagarde calls for ‘Robin Hood tax’ on super-rich
‘Christine Lagarde, head of the International Monetary Fund (IMF), has called for a revolutionary “Robin Hood” tax system in which multinational companies and wealthy individuals actually pay a fair share of tax. Lagarde tweeted her groundbreaking idea Monday, linking to an IMF speech she gave in Abu Dhabi, UAE, which has a zero percent corporation […]
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Greece and the European Union: One Year after Syriza’s Victory and Six Months after the Coup
‘One year after the victory and six months after the coup, we shouldn’t fool ourselves: This was a defeat, of the Greek government. But it’s not only Syriza that has failed (for now). The whole left has failed in Greece – and in the rest of Europe, indeed. Europe is no longer what it was. […]
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Saakashvili wants IMF out of Ukraine
‘Georgia’s former president, Mikhail Saakashvili, who is currently the governor of Ukraine’s Odessa region has called for the end of Ukraine’s cooperation with the International Monetary Fund (IMF). “For us, it would be ideal if the IMF was out of here. We withdrew the IMF from Georgia within a year. Got rid of them, thank […]
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IMF sees years of austerity for Saudi Arabia, as debt defaults loom
‘The International Monetary Fund has predicted years of higher taxes and low fuel subsidies for oil-rich Saudi Arabia. As crude prices have fallen more than 70 percent in 18 months, weaker players could soon start to default on debts. Saudi Arabia will need to stop relying so heavily on oil revenues, which make up more […]
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Greece Falls Prey to ECB Financial Diktats and Blackmail
‘There follows the summary of a talk given at the European Parliament in Brussels by Eric Toussaint on 14 January 2016 on the occasion of the international meeting organized by the left-wing European Parliamentary Group GUE/NGL (European United Left/Nordic Green Left). The theme was “The ECB, Europe’s unelected government”’ Read more: Greece Falls Prey to ECB […]
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The IMF Changes its Rules to Isolate China and Russia
‘The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement Eurasian economic integration on the basis of Russian oil and […]
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IMF says it may freeze aid to Ukraine if Kiev does not comply with requirements
‘The IMF may freeze the Western financial assistance to Ukraine if the Ukrainian government acts not in compliance with the fund’s requirements, according to a statement made by IMF’s first deputy director David Lipton on Friday. In particular, the budget of Ukraine should be approved in compliance with the requirements of the IMF, Lipton said. […]
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IMF chief faces trial in 400million-euro payout case
‘A French court judging ministers for crimes in office has ordered the managing director of the International Monetary Fund (IMF), Christine Lagarde, to stand trial over her alleged role in a payout case involving hundreds of millions of euros. “IMF chief Lagarde is to stand trial over 400-million-euro ($434m) arbitration ruling,” a spokesman for Cour […]
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Greece: National Economic Collapse and the Neoliberal Backlash, Syriza Holds On, The Left Is Weakened
‘The Greek tragedy of national economic collapse appeared to be turning into farce with the re-election of Syriza at the end of September. The leftist party had been first elected only seven months earlier on the promise to end the austerity measures forced on Greece by the troika of the European Union (EU), International Monetary […]
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Special offer: IMF propping up Ukraine, changing rules on money lending
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Journalists in Greece strike over government austerity measures
‘Journalists have staged a massive walkout against the Greek government’s planned austerity measures demanded by the international lenders under the third bailout package to the cash-strapped country. Latest media reports indicate that the 24-hour strike put a halt to news programs, website updates and newspaper publications in the country on Wednesday. Several news websites were […]
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The Re-emerging African Debt Crisis. Renewed IMF ‘Economic Medicine’
‘During the 1970s-1990s much attention was focused on the rising debt crisis in post-colonial Africa. Continental states after gaining national independence realized that there could be no genuine development while financial obligations to western-based lending institutions were rapidly escalating. With the balkanization of the continent during colonialism, the national independence movements without political integration and […]
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IMF to change its lending rules for Ukraine – WSJ
‘The International Monetary Fund will go ahead with the promised $17.5 billion loan to Ukraine even if Kiev defaults on its $3 billion debt to Russia due in December, reports The Wall Street Journal. Current IMF policy forbids it loaning to countries that default on other governments. In 2013, Russian President Vladimir Putin and then […]
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Merkel and Hollande Call for Carbon Emission Taxes With World Bank and IMF
‘German Chancellor Angela Merkel, French President François Hollande and heads of the World Bank (WB) group and the International Monetary Fund (IMF) urged the international community to impose taxes on carbon emissions in a joint statement. “There has never been a global movement to put a price on carbon at this level and with this […]
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