Upcoming Events

International | Anti-Capitalism

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Anti-Empire >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Police Record Thousands of Absurd Hate Incidents as Serious Crime Soars Sun Jun 29, 2025 15:00 | Richard Eldred
Police recorded over 6,000 so-called "Non-Crime Hate Incidents" last year, including complaints about a man singing 'Flower of Scotland' and another using an Indian accent, while serious crimes rose 14%.
The post Police Record Thousands of Absurd Hate Incidents as Serious Crime Soars appeared first on The Daily Sceptic.

offsite link Glastonbury Finally Apologises Over Appalling Anti-Israel Chants Broadcast Live on BBC Sun Jun 29, 2025 13:00 | Richard Eldred
Glastonbury has finally said sorry after punk rap duo Bob Vylan shouted "death to the IDF" live on the BBC ? triggering a storm over antisemitism, a police probe and total silence from the broadcaster.
The post Glastonbury Finally Apologises Over Appalling Anti-Israel Chants Broadcast Live on BBC appeared first on The Daily Sceptic.

offsite link Supermarkets Told to Cut Shoppers? Calories Sun Jun 29, 2025 11:00 | Richard Eldred
A plan to slash 100 calories from every supermarket basket has sparked outcry, with critics calling it nanny statism gone mad and shops warning it means fewer snacks and higher prices.
The post Supermarkets Told to Cut Shoppers? Calories appeared first on The Daily Sceptic.

offsite link Economic Collapse is Now Inevitable Sun Jun 29, 2025 09:00 | Sallust
Economic collapse is now inevitable, says Daniel Hannan in the Telegraph, and he identifies June 27th 2025 as the Ground Zero Day when the future became set in stone.
The post Economic Collapse is Now Inevitable appeared first on The Daily Sceptic.

offsite link Trump the Philosopher Sun Jun 29, 2025 07:00 | James Alexander
Trump is great because he calls a spade a spade, which is unheard of in Western politics, says Prof James Alexander. What's more, sometimes, as we saw with Iran, he refuses, like the philosopher, to take sides.
The post Trump the Philosopher appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

IMF World Economic Outlook: Economy Improves for Some as Inequality Persists

category international | anti-capitalism | press release author Thursday April 10, 2014 16:45author by Arielle Retrosi Report this post to the editors

Debt Restructuring Process Discussed by IMF and G20

The IMF released the World Economic Outlook Report ahead of the annual IMF meetings. The report forecasts improvement for several advanced and emerging economies, including the United States, but notes that the recovery is uneven and vast inequality still continues. One of the principle issues the report reviews is how sustainable the debt loads are for both G20 and developing countries.

"The IMF acknowledges that investors are still concerned with unsustainable debt loads in developing economies," noted Eric LeCompte, Executive Director of Jubilee USA Network, a religious coalition focused on the impacts of the financial crisis on poor people. "It doesn't take a rocket scientist to know what the IMF reports. In a post financial crisis world, the rich have gotten richer and more people have been pushed into extreme poverty."

Over the last year the G20 has vigorously debated how to deal with unsustainable country debts and speculative investments, root causes of the global financial crisis. One year ago in Washington, G20 Financial Ministers discussed the possibility of an international sovereign bankruptcy process in order to provide stability in the international financial system. The IMF staff also released a paper ahead of last year's meetings which explored aspects of the process. Last fall during the St. Petersburg Summit, G20 heads of state discussed the process and invited the IMF to continue to review debt sustainability and debt issues. IMF staff continue to explore the process.

"The G20 and the IMF are asking will we be prepared twelve years from now when the next regional or global financial crisis hits," shared LeCompte. "It's tremendously exciting that global decision makers are reviewing these possibilities. An international bankruptcy process for countries provides international stability and predictability."

Sustainable debts is a theme of this year's annual IMF meetings. Jubilee USA, Jubilee Germany and Friedrich-Ebert-Stiftung New York Office have organized a high level panel during the meetings to focus on how debt sustainability impacts people living in extreme poverty. Policymakers, Finance Ministers and Sovereign Debt Lawyers will discuss debt sustainability and an international bankruptcy process for countries.

"One out of five people are living in extreme poverty. We can't solve inequality without solving unsustainable country debts," said LeCompte

© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy