A Good Question To Ask
What do the 2,400 people who work for the International Monetary Fund (IMF) actually do? Read Here – Brookings
Tag: IMF
Is BRICs For Real?
Will BRICS create a framework that is as democratic in sharing governance space with other investors and stakeholders? This will be something to watch for as the systems and structures evolve. The notion that the NDB has been “Shanghai-ed” is perhaps a shallow understanding of this exciting new initiative. Read Here – The Hindu
A New Bank, BRIC By BRIC; India To Preside
Leaders of the Brazil, Russia, India, China and South Africa — all emerging market nations — launch a $100 billion development bank and a currency reserve pool in their first concrete step toward reshaping the Western-dominated international financial system. The bank, aimed at funding infrastructure projects in developing nations will be based in Shanghai and […]
Global Slowdown Set To Impinge Policy
As evidence mounts that a mid-year slowdown is taking place in the world economy, the next few days will offer a clearer glimpse of how that will impinge on policymaking and buoyant financial markets. Read Here – Reuters
And Then The Ship Sailed Past…Quietly
If this week’s BRICS summit in Durban, South Africa, passed you by, we don’t blame you. The leaders of Brazil, Russia, India, China and South Africa met, as they do once a year, to advance their common interests. They found, as they do once a year, that they don’t have many, so not much happened. […]
The European-American Dream
Today, three European countries are among the world’s seven largest economies. Ten years from now, only two will remain. By 2030, only Germany will still be on the list, and by 2050, none will remain. Indeed, by then, the United States will be the only representative of the West in the top seven. Read Here […]
Phoney Currency Wars
OFFICIALS from the world’s biggest economies meet on February 15th-16th in Moscow on a mission to avert war. Not one with bombs and bullets, but a “currency war”. Finance ministers and central bankers worry that their peers in the G20 will devalue their currencies to boost exports and grow their economies at their neighbours’ expense. […]
China, Japan Signal Support for Europe Rescue Fund as IMF Meets
China and Japan, the world’s second- and third-biggest economies, indicated support forEurope’s new rescue fund as they pushed for quick implementation of measures to solve the region’s crisis. China will “cooperate” with the European Stability Mechanism, a permanent 500 billion-euro ($648 billion) fund that started this week, People’s Bank of China Deputy Governor Yi Gang said […]
Gold Sales “Windfall” To Help IMF Give More To Poor Nations
The IMF has approved distribution of additional profits from gold sales as part of a strategy to support low-interest lending to poor countries. The 2009–10 gold sales generated profits of SDR 6.85 billion ($10.5 billion), some SDR 2.45 billion above the amount envisaged for an endowment to reduce the IMF’s reliance on lending income to cover its […]
looking beyond borders 