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The Saker
A bird's eye view of the vineyard

offsite link China rolls out the Health Silk Road Thu Apr 02, 2020 18:50 | amarynth
by Pepe Escobar – Posted with permission In the Belt and Road framework, China is supplying much of the world including virus-hit Europe with medicine and healthcare items When President

offsite link (A Soviet?) Superman: Red Son ? the new socialist film to watch on lockdown Thu Apr 02, 2020 17:38 | amarynth
By Ramin Mazaheri for The Saker Blog It?s the film which captures what 2020?s zeitgeist should become, given that the rabidly anti-socialist West has chosen to economically self-implode Everything Bubble

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offsite link The Coronavirus and Galileo Thu Apr 02, 2020 02:00 | The Saker
by Jimmie Moglia for The Saker Blog As the following content may be controversial, I do not pretend to truth, even to the truth of him whose thought and findings

offsite link Quick update from the Saker Thu Apr 02, 2020 01:52 | The Saker
Dear friends, I am rather exhausted (not COVID10-related) and I will take a couple of days off to recuperate and think about a number of issues. I will let you

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Human Rights in Ireland
A Blog About Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

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Cedar Lounge
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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

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Dublin Opinion >>

IMF and Word Bank Heads Debate Growing Debt Problems

category international | economics and finance | press release author Monday February 10, 2020 19:14author by Kate Zeller - Jubilee USA Network Report this post to the editors

The leaders of the World Bank and IMF discussed concerns of global debt levels at an event held today at the World Bank Preston Auditorium.

Washington, DC - The leaders of the World Bank and IMF discussed concerns of global debt levels at an event held today at the World Bank Preston Auditorium.

"World Bank and IMF data asserts debt levels and vulnerabilities are at worrying levels," noted Eric LeCompte who leads the religious development coalition, Jubilee USA Network. "It seems impossible for developing countries to raise money for development and simultaneously wrestle with unsustainable debt levels."

The event, "Development and Debt in Lower-income Economies," featured IMF head Kristalina Georgieva and World Bank head David Malpass discussing the challenges with lowering debt loads while attempting to raise money to meet development needs. Recent reports from the World Bank and IMF highlight African countries that benefited from debt relief processes in the past that again face debt crises and high debt levels.

"We urgently need to implement solutions that can get us to sustainable debt levels and prevent the next financial crisis," said LeCompte who serves on United Nation finance expert groups. "We need to muster the political will to implement the international policies that we already rely on for creating stability in our domestic economies. We really need comprehensive debt restructuring and better responsible lending and borrowing policies in the international financial system."

Related Link: http://www.jubileeusa.org
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