Chinese state media on Thursday called on the Western world to help African nations pay their enormous debts, many of which just happen to be owed to Chinese banks thanks to China’s debt-trap Belt and Road Initiative (BRI).
BEIRUT — Facing a worsening economic crisis and with little chance of Western or oil-rich Arab countries providing assistance without substantial reforms, Lebanon’s cash-strapped government is looking east, hoping to secure investments from China that could bring relief.
U.N. Secretary-General Antonio Guterres renewed his call for “more robust global governance” Wednesday, adding the World Bank and the International Monetary Fund (IMF), regional authorities such as the African Union and the European Union (E.U.) to a list of organizations he says can bring “order” to a future world disrupted by the coronanvirus pandemic.
Beirut — Protest-hit Lebanon has approved an economic rescue plan and requested aid from the International Monetary Fund as it battles its worst financial crisis in decades.
Boris Johnson would say “no” to an extension to the transition period if the European Union asks for one, the prime minister’s spokesman said after the head of the International Monetary Fund (IMF) called for a delay.
Dubai — Debt levels, unemployment and budget deficits will spike as the Middle East endures a coronavirus-led recession, piling pain on economies already hit by conflicts and an oil price slump, the IMF said Wednesday.
Government projections reveal the British economy is facing a historic economic downturn as a result of coronavirus, and the lockdown.
A senior Iranian on Sunday called U.S. President Donald Trump “more dangerous than coronavirus,” saying moves to block an International Monetary Fund (IMF) loan reaching Iran was tantamount to crimes against humanity.
The United Nations Secretary-General António Guterres on Monday demanded the world end all wars and instead join the fight against the “common enemy” of coronavirus. He also called for $2 billion to be transferred from wealthy countries to the poor via the globalist body as a first step in tackling the global pandemic.
The globalist International Monetary Fund has enjoyed a spectacular change of tone over Brexit, and is predicting growth.
The U.S. economy is expected to slow due to tighter monetary policy and the lift from the 2018 tax cuts fading over time.
Trade volumes are expected to barely grow at all this year, bringing economic expansion to the lowest level since the financial crisis
An eruption of protests in Ecuador against socially conservative economic measures resulted in the death of an injured young protester Sunday after fellow participants in the outrage blocked his ambulance.
Like Powell, Lagarde is a lawyer. So the world’s two biggest currency zones will be lead by non-economists.
ATHENS, Greece (AP) – Authorities have banned demonstrations in a large section of central Athens and will shut down streets and subway stations during a visit by German Chancellor Angela Merkel, who arrives in the Greek capital Thursday afternoon for
Pakistani Prime Minister Imran Khan arrived in Turkey for a two-day visit on Thursday, accepting an invitation from Turkish President Recep Tayyip Erdogan.
CAIRO — On the Giza Plateau outside Cairo, thousands of Egyptians are laboring in the shadow of the pyramids to erect a monument worthy of the pharaohs.
Inflation in the crisis-stricken country of Venezuela is on track to hit 1.4 million percent by the end of 2018, according to the latest report from the International Monetary Fund.
The United Arab Emirates will deposit $3 billion in the central bank of Pakistan to help “enhance liquidity” as the country struggles with a balance of payments crisis, state media said.
Former International Monetary Fund (IMF) director Ashoka Mody has poured scorn on the anti-Brexit forecasts produced by officials recently, suggesting they are “making up the numbers”.
Contents: Pakistan fails to get agreement from IMF for a bailout; Pakistan’s link to the FATF financial blacklist; Pakistan turns to its ‘friends’ for aid
The chief economist at the International Monetary Fund (IMF) cautioned Pakistan this week against “excessive loans” from its ally, China, citing risks.
Karl Marx’s brand of socialism, an unequivocal disaster that has produced mass poverty, tyranny, and untold deaths, is mounting a comeback among so-called “liberal progressive” Democrats.
The cuts in corporate taxes will likely drive so much investment back into the U.S. that other countries will find themselves will less to tax.
Contents: Haiti people riot after announcement of fuel price rises during World Cup match; International Monetary Fund blamed for austerity triggering riots
Contents: Argentina faces major financial crisis as IMF loans it $50 billion; Protests grow against new IMF deal in Argentina
AMMAN, Jordan — Doctors, lawyers and teachers staged a strike across Jordan on Wednesday in protest over IMF-backed austerity measures including a proposed income tax law that have sparked a week of angry demonstrations.
Jordan’s King Abdullah II on Monday replaced the kingdom’s embattled prime minister to appease the biggest anti-government demonstrations in the country since 2011.
Amman – Jordan’s senate met Sunday for a special session after another night protests across the country against IMF-backed austerity measures including a draft income tax law and price hikes.
The World Bank has transformed itself from an international financial institution into a prophet of climate fallout, predicting in a new report that more than 143 million people will be forced to migrate by 2050 thanks to climate change.
