New Events

International

no events posted in last week

Blog Feeds

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

Spirit of Contradiction >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

NAMA Wine Lake

offsite link Test ? 12 November 2018 Mon Nov 12, 2018 14:28 | namawinelake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

NAMA Wine Lake >>

IMF Warns of Global Financial Crisis Risk

category international | economics and finance | press release author Wednesday April 10, 2019 18:07author by Jubilee USA Network Report this post to the editors

For the second day in a row, the International Monetary Fund raised concerns of pending financial crisis. Ahead of the Spring IMF and World Bank meetings, the IMF released the Global Financial Stability Report, warning of "vulnerabilities" in corporate debt, house values and sovereign (country) debt.

Washington DC - For the second day in a row, the International Monetary Fund raised concerns of pending financial crisis. Ahead of the Spring IMF and World Bank meetings, the IMF released the Global Financial Stability Report, warning of "vulnerabilities" in corporate debt, house values and sovereign (country) debt.

"We are seeing some of same conditions that created the 2008 financial crisis and the IMF worries that we are not doing enough to prevent the next financial crisis," stated Jubilee USA Executive Director Eric LeCompte who monitors IMF reports. "When we review the IMF's analysis, they are looking directly at causes of the 2008 financial crisis, including house values, corporate and country debt and risky financial behavior."

On Tuesday, the IMF released the biannual World Economic Outlook Report noting a global growth slowdown and raising concerns about unsustainable debt, trade tensions and the impact of natural disasters on the financial system. The IMF expressed heightened concerns of looming debt crises and possible financial crisis.

On the heels of the IMF report releases, the IMF and development groups organized a high-level event at the meetings,"Tackling the Next Wave of Sovereign Debt Crises." On Wednesday, world leaders, finance ministers, business leaders, journalists and development groups attend the event at IMF Headquarters.

"In order to prevent financial crisis, we need stronger international and national policies to deal with debt problems, stop risky financial behavior and promote tax and transparency policies that can raise revenue," said LeCompte, one of the organizers of the debt event.

The speakers at the high-level forum include Benin's Finance Minister Romuald Wadagni, the IMF's David Lipton, The Guardian's Larry Elliot, the director of AFRODAD - Fanwell Bokosi and legal experts Lee Buccheit and Odette Lienau. Jubilee USA Network, AFRODAD, Oxfam, Latindadd, Eurodad, Jubilee Debt Campaign (UK), Jubilee Germany and the IMF sponsored the event. In addition to the high-level debt panel, Jubilee USA is also organizing events this week on Somalia, transparency policies and country debt case studies.

Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people.

www.jubileeusa.org

© 2001-2019 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