New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link Masks Are the Vestiture of the Faithful,... Sat Feb 27, 2021 20:19 | Laura Dodsworth

offsite link Armenia’s Military Mutinies Against th... Sat Feb 27, 2021 19:50 | Anti-Empire

offsite link Merkel: “Digital Vaccination Certifica... Sat Feb 27, 2021 17:15 | Samuel Osborne

offsite link ‘No One Cares if We Die’: Ex-Syrian ... Sat Feb 27, 2021 16:51 | Lindsey Snell

offsite link Teachers Unions Say Schools Cannot Reope... Sat Feb 27, 2021 14:34 | The Babylon Bee

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Putin, crusaders and barbarians Sat Feb 27, 2021 17:17 | amarynth
By Pepe Escobar and first posted at Asia Times Moscow is painfully aware that the US/NATO ?strategy? of containment of Russia is already reaching fever pitch. Again. This past Wednesday,

offsite link Moveable Feast Cafe 2021/02/27 ? Open Thread Sat Feb 27, 2021 04:00 | Herb Swanson
2021/02/27 04:00:07Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link Biden Diversity Strikes Syria (Paul Joseph Watson) Fri Feb 26, 2021 23:35 | The Saker

offsite link Open note to those who voted for the Dems Fri Feb 26, 2021 23:14 | The Saker
It sure did not take Biden very long to, as the US politicians like to say, “send a message” by illegally attacking a sovereign nation and murdering 17 people. If

offsite link Biden Administration Launched Its First Strikes On Iranian-backed Groups In Syria And Iraq Fri Feb 26, 2021 18:04 | amarynth
? South Front After nearly two months of daily attacks against United States convoys and positions in Iraq, on February 25th Washington carried out airstrikes in response. US Secretary of

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

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

offsite link Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

Human Rights in Ireland >>

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 >>

"Amid Exceptional Uncertainty" IMF Projects Growth for Rich Countries, Challenges for Developing Countries

category international | politics / elections | press release author Tuesday January 26, 2021 19:39author by Zachory Conti - Jubilee USA Network Report this post to the editors

The International Monetary Fund released projections on the world economy as countries continue to wrestle with the coronavirus.

The International Monetary Fund released projections on the world economy as countries continue to wrestle with the coronavirus. The Fund's World Economic Outlook Update projects 5.5% global growth in 2021, while noting developing countries face growing problems.

"While the IMF is uncertain in its predictions, it's clear that the developing world is mired in severe challenges due to high debts, few financial resources and lack of access to vaccines," stated Jubilee USA Executive Director Eric LeCompte who has reviewed IMF economic reports for more than a decade.

The update to the IMF's flagship report notes that global growth mostly benefits wealthy and advanced economies. The analysis notes that many developing countries will need debt relief and access to liquidity to get through the crisis.

"Developing countries desperately need debts reduced and access to new financial resources," shared LeCompte, a United Nations finance expert. "In order for people to survive this crisis in the developing world, we need to authorize the use of global reserve funds or what's called Special Drawing Rights."

Special Drawing Rights are likened to a type of emergency currency that the IMF can generate when countries face liquidity challenges.

The IMF raised several cautions about economic projections, including how new strains of the coronavirus could push economic downturns.

Read the latest IMF World Economic Outlook Update here.

© 2001-2021 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