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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

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The Saker

Indymedia ireland

Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

offsite link Army Sergeant Travis Decker Murdered His Three Children After Being Denied Mental Health Care at JBL... Sat Jun 07, 2025 04:52 | JBLM Whistleblowers
A corrupt military police force and incompetent Commander who denied emergency mental health care and crisis counseling to an American service member resulted in the murder of the sergeant's three young daughters

offsite link Gaza doctor grieves her nine children killed in Israeli strike Sun May 25, 2025 20:00 | imc
Israeli regime continues it's slaughter
'The children were completely charred'

Paediatrician Alaa al-Najjar was treating victims of Israeli attacks when her children were killed by an Israeli strike on their home

offsite link British doctors working in Gaza describe territory as a ?slaughterhouse? Sat May 24, 2025 00:23 | imc
There?s no food getting in so people are starving,? surgeon Tom Potokar says
British doctors working in Gaza have described the territory as a ?slaughterhouse,? where the patients they are treating are severely malnourished.

Plastic surgeons and orthopedic specialists from the UK are based at the Amal and Nasser hospitals in Khan Younis in the south of the territory.

Dr. Tom Potokar, a plastic surgeon specializing in burn injuries, has worked in Gaza 16 times but said this mission had revealed a level of destruction far greater than his last visit in 2023,

offsite link It is time to talk about the Out of Control Immigration. Mon Mar 31, 2025 22:12 | imc
For the last few years since the CV19 scamdemic undocumented immigration into Ireland has surged. No one is allowed discuss it because they do not want any rational debate about it. If you do you are labelled an extremist. However this out of control immigration is fully facilitated by the Irish government and the EU and the shady figure behind the Neo Con movement pushing for endless war, wokeism and globalist agenda.

offsite link [Dublin] National Demonstration for Palestine: End Israeli Apartheid & Genocide Thu Mar 06, 2025 22:35 | ipsc
Sat, 22 March 2025, 13:00 Assemble at the Garden of Remembrance, Parnell Square, Dublin 1
The Ireland-Palestine Solidarity Campaign, supported by over 150 Irish civil society organisations, has called another National Demonstration for Palestine on Saturday 22nd March.

The march will begin at the Garden of Remembrance at 1pm and finish outside the D?il on Molesworth Street/Kildare Street to bring our demands to the Irish government?s doorstep.

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

IMF Reports Debt and Human Crises Drive Uneven Growth; Global Stability and Economic Outlook Reports Released

category international | economics and finance | news report author Wednesday April 15, 2015 15:30author by Sophia Har, Jubilee USA Network Report this post to the editors

The IMF issued a report today showing that debt and human crisis are driving inequality and financial instability. Jubilee USA Network calls for the establishment of structures to stabilize the global financial system and to protect low-income communities. The Ebola epidemic clearly demonstrates the need for these structures.

The International Monetary Fund (IMF) released its Global Financial Stability Report, noting "increased financial stability risks" in the global economy. The report notes that large-scale economic shocks are particularly concerning to global stability. It argues that such risks are greatest for countries with high debt levels and that emerging market countries must be prepared for external shocks. Particular concern is raised on the consequences of currency volatility, the shadow financial system and high corporate debt. The report is a follow-up to the IMF's semi-annual World Economic Outlook Report, which noted uneven global growth, particularly among developing economies.

"The IMF recognizes we need global structures to protect us when there's a major crisis," said Eric LeCompte, Executive Director of the religious development organization Jubilee USA Network. "Countries with high debt levels are the most vulnerable to those crises."

The Global Financial Stability Report focuses on the systemic issues that create global economic trends. It notes that debt levels are rising in emerging markets and that increased risks over the past six months are impacting those countries the most. It argues that policy measures are necessary to "contain financial excesses" in global markets and to improve growth.

"The IMF is concerned that inequality persists, especially in the developing world" said LeCompte. "The IMF notes that the key to stability is addressing debt and tax policies that underlie uneven growth."

The latest World Economic Outlook Report, released at the beginning of the IMF / World Bank Spring Meetings, projects the global economy to grow 3.5% in 2015. It notes that growth projections are lower than expected in some regions, including Sub-Saharan Africa. The IMF now projects Africa's growth to be much lower than it did in its October, 2014 report, citing the Ebola epidemic and falling commodity prices. The World Bank projects that Guinea, Liberia and Sierra Leone will lose a combined $1.5 billion due to Ebola in 2015 alone. Meanwhile, $1.3 billion leaves those nations each year due to crime, corruption and tax evasion and the three countries spent more than $80 million paying off debt the year the outbreak began. The year before the disease first took hold in Guinea, that country spent more money on debt than on public health. In February, the IMF announced $100 million in debt relief for the three countries and created a new debt relief trust fund for poor countries in times of crisis.

"Ebola harmed countries that were already struggling due to high debt burdens," noted LeCompte. "We need structures that help the most vulnerable. The IMF's debt relief fund is a good example and a good start."

Jubilee USA Network is an alliance of more than 75 US organizations and 400 faith communities working with 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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