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International Monetary Fund

Report: European Countries Tried To Block Release Of Gloomy IMF Report On Greece

Posted 07.03.2015 | World

By Paul Taylor BRUSSELS, July 3 (Reuters) - Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden ...

PHOTOS: Greeks Prepare For Crucial Referendum

The Huffington Post | Alexandra Ma | Posted 07.02.2015 | World

Greece was on edge on Thursday, days ahead of a controversial referendum on the country's economic future. Scheduled for Sunday, the referendum wi...

Daniel Marans

U.S. Efforts In Greek Debt Crisis May Be Just Too Late

HuffingtonPost.com | Daniel Marans | Posted 06.30.2015 | World

The United States should have intervened a week ago when the latest talks between Greece and its creditors began to fall apart, a former senior Intern...

White House: U.S. Not Contemplating A Federal Bailout Of Puerto Rico

Reuters | Posted 06.29.2015 | Politics

NEW YORK, June 29 (Reuters) - Puerto Rico's governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptc...

The EU, the Grexit, and Market Failure

Daniel Wagner | Posted 06.26.2015 | World
Daniel Wagner

An orderly unwinding of Greece's and Europe's debt is possible. If it could be done in the U.S., when a third of all savings and loans associations failed in the 1980s and 1990s, something similar can be done in Europe.

All Will Benefit from Steps to Cut Excessive Inequality--Lagarde

iMFdirect | Posted 06.17.2015 | World
iMFdirect

By lifting the "small boats" of the poor and middle class, we can build both a fairer society and a stronger economy, IMF Managing Director Christine ...

Greece Has Made Tough Choices. Now It's the IMF's Turn.

James K. Galbraith | Posted 06.17.2015 | World
James K. Galbraith

ATHENS -- The IMF and Greece's other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment and taxes, and that slashing wages, pensions and public jobs has a magical effect on growth. This has proved false. Indeed, Greece's post-2010 adjustment led to economic disaster -- and the IMF's worst predictive failure ever.

Greece: A Credible Deal Will Require Difficult Decisions By All Sides

Olivier Blanchard | Posted 06.19.2015 | World
Olivier Blanchard

The status of negotiations between Greece and its official creditors -- the European Commission, the ECB and the IMF -- dominated headlines last week.  At the core of the negotiations is a simple question: How much of an adjustment has to be made by Greece, how much has to be made by its official creditors?

Why China Has to Go Beyond the Existing Global System to Grow

Zhang Jun | Posted 06.09.2015 | World
Zhang Jun

SHANGHAI -- From China's perspective, sustained domestic economic growth seems unlikely within the existing global system -- a challenge that Japan and the other East Asian economies did not encounter during their economic rise. Indeed, the only country that has encountered it is the U.S., when it replaced the U.K. as the world's dominant economic and financial power before World War II; fortunately, that precedent is one of accommodation and a peaceful transition.

Pollution and Inequality: A Shared History

Nourish International | Posted 06.06.2015 | Green
Nourish International

It's important to realize how this line of thinking is still hugely influential today as developing nations remain prime targets for businesses looking to offload pollution and exploit cheap labor.

Greece Says It Hasn't Got The Money To Make Debt Repayment Next Month

Reuters | George Georgiopoulos and Kylie MacLellan | Posted 05.24.2015 | World

ATHENS/LONDON, May 24 (Reuters) - Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal wit...

'Green News Report' - May 21, 2015

Brad Friedman and Desi Doyen | Posted 05.21.2015 | Green
Brad Friedman and Desi Doyen

The Green News Report is also available via... IN TODAY'S RADIO REPORT: Major oil spill off the Santa Barbara coast; Another settlement reached...

An Economic Solution to a Humanitarian Crisis

Janis Powers | Posted 05.20.2015 | World
Janis Powers

Even by the most optimistic estimates no more than half the present refugee population will be resettled in the foreseeable future. What's to become of the others?"

Ex-Im and the Pax Americana

Dante Disparte | Posted 05.15.2015 | Business
Dante Disparte

For more than 80 years, the Export-Import Bank of the United States has played a central role in facilitating market access for U.S. firms and for providing a fixed price on the uncertainty and credit risk of international trade.

My Message to World Leaders: To Finance Development You Must Tackle Tax

Winnie Byanyima | Posted 05.05.2015 | Impact
Winnie Byanyima

Last month Oxfam's International Executive Director Winnie Byanyima was in Washington for the World Bank/IMF Spring Meetings, and then in New York for one of the drafting sessions ahead of the Financing for Development (FFD) Conference in Addis Ababa taking place in July.

How Tsipras Squandered Greece's Opportunity

Joschka Fischer | Posted 06.30.2015 | World
Joschka Fischer

BERLIN -- Tsipras squandered Greece's opportunity, because he and other Syriza leaders were unable to see beyond the horizon of their party's origins in radical opposition activism. They did not understand the difference between campaigning and governing. Realpolitik, in their view, was a sellout. Of course, it is precisely the acceptance of necessity that marks the difference between government and opposition.

Tomorrow's Leaders Today

Jennifer Kamara | Posted 06.24.2015 | Impact
Jennifer Kamara

One Young World is the preeminent global forum for leaders aged 18-30. The not-for-profit organization hosts an annual Summit with 1,300 delegates from all 196 countries; drawn from businesses, universities, NGOs and other forward thinking organizations.

Northern Spring, Southern Chills: Outlook for Latin America and the Caribbean

Alejandro Werner | Posted 06.21.2015 | Business
Alejandro Werner

Economic growth dynamics vary across the region, broadly along North-South lines. While spring may be in the air for Mexico, Central America, and parts of the Caribbean, the economic climate remains decidedly chilly in much of South America. What is behind these divergent prospects, and how can a sunnier outlook be restored to the entire region?

Measure to Measure: The Effect of Fiscal Policy on Growth and Stability

Vitor Gaspar | Posted 06.15.2015 | Business
Vitor Gaspar

Does fiscal policy respond systematically to economic activity? Can fiscal policy promote macroeconomic stability? Does greater stability support stronger growth? The answer is yes on all counts.

Financial Risks Rise Amid Uneven Global Economic Recovery

José Viñals | Posted 06.15.2015 | Business
José Viñals

Additional policy measures -- beyond monetary policies -- are vital to make a durable exit from the global financial crisis and to safeguard financial stability. Crisis legacies need to be addressed. The traction of monetary policies must be increased with complementary reforms and financial excesses need to be contained.

Four Forces Facing the Global Economy

Olivier Blanchard | Posted 06.14.2015 | Business
Olivier Blanchard

Behind the numbers lies an unusually complex set of forces shaping the world economy. Some, such as the decline in the price of oil and the evolution of exchange rates, are highly visible. Some, from crisis legacies to lower potential growth, play more of behind-the-scenes role but are important nevertheless. Let me briefly review them.

Why America Doesn't Welcome China's New Infrastructure Bank

Joseph E. Stiglitz | Posted 06.13.2015 | World
Joseph E. Stiglitz

NEW YORK -- When he was chair of the U.S. Federal Reserve, Ben Bernanke mistakenly described the problem as a "global saving glut." But in a world with such huge infrastructure needs, the problem is not a surplus of savings or a deficiency of good investment opportunities. The problem is a financial system that has excelled at enabling market manipulation, speculation, and insider trading, but has failed at its core task: intermediating savings and investment on a global scale. That is why the AIIB could bring a small but badly needed boost to global aggregate demand.

President Obama Visits Jamaica, But What Is His Government Doing to Jamaica's Economy?

Mark Weisbrot | Posted 06.08.2015 | Politics
Mark Weisbrot

Jamaica has become a terrible example of what can happen when creditors, led by the International Monetary Fund (IMF), are able to impose harsh austerity on a trapped nation in an attempt to collect on an uncollectable debt. Since the U.S. Treasury Department decides what the IMF does in the Western Hemisphere, Obama himself can claim responsibility for this failure.

Are the European Authorities Destroying the Greek Economy in Order to 'Save' It?

Mark Weisbrot | Posted 06.08.2015 | Politics
Mark Weisbrot

There is a tense standoff right now between the Greek government and the European authorities -- sometimes known as the Troika because it includes the European Commission, the European Central Bank (ECB), and the International Monetary Fund (IMF).

As U.S. Congress Looks Inward, China Is Reshaping the Global Order by Default

Wang Wenfeng | Posted 06.06.2015 | World
Wang Wenfeng

BEIJING -- The Obama administration clearly understands the urgency for the U.S. to be more active in creating, shaping and reforming the international system and international mechanisms. But a strong domestic consensus in still not in place, and because of obstacles in its political system, America just cannot act in an efficient way.