How the Wealthy World Has Failed Poor Countries During the Pandemic

Despite pledges for debt relief and expanded programs, the World Bank and International Monetary Fund have delivered meager aid, say economists.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #georgieva-kristalina-ivanova, #group-of-twenty, #international-monetary-fund, #malpass-david, #mnuchin-steven-t, #poverty, #stimulus-economic, #third-world-and-developing-countries, #united-states-economy, #united-states-politics-and-government, #world-bank

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Europe Risks a New Economic Downturn as Lockdowns Return

Record quarterly growth inspires little joy as the threat of a double-dip recession looms.

#coronavirus-2019-ncov, #daimler-ag, #economic-conditions-and-trends, #european-central-bank, #european-union, #eurozone, #gross-domestic-product, #ing-groep-nv, #international-monetary-fund, #korngold-erich-wolfgang, #lagarde-christine, #minder-raphael, #mkg-productions-inc, #quarantines, #recession-and-depression, #stimulus-economic, #theatre-royal-de-la-monnaie-brussels-belgium

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Iran’s Covid-19 Death Toll Is Rising. Show Mercy, Mr. Trump.

U.S. efforts to cut Iran off from the rest of the world in the midst of the pandemic are cruel. So is Iran’s refusal to release political prisoners.

#coronavirus-2019-ncov, #defenders-of-human-rights-center, #evin-prison, #international-monetary-fund, #iran, #mohammadi-narges-1972, #political-prisoners, #politics-and-government, #sotoudeh-nasrin, #united-states-international-relations, #womens-rights

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View From the I.M.F. — In a Crisis Like No Other, Gender Still Counts

“The economics of gender equality is a book already written,” said Kristalina Georgieva, the managing director of the International Monetary Fund.

#economic-conditions-and-trends, #georgieva-kristalina-ivanova, #gross-domestic-product, #international-monetary-fund, #women-and-girls

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Macron Urges World Leaders to Speed Aid to Lebanon After Explosions

The vow to accelerate help, made during a video call with other heads of state, comes amid furious demonstrations in Beirut against the Lebanese government.

#aoun-michel-1935, #beirut-lebanon-explosions-2020, #european-union, #international-monetary-fund, #macron-emmanuel-1977, #united-nations, #world-bank

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In Argentina’s Debt Negotiations, a Kinder, Gentler Capitalism Faces a Test

BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.

#argentina, #blackrock-inc, #business-roundtable, #coronavirus-2019-ncov, #corporate-social-responsibility, #economic-conditions-and-trends, #fernandez-alberto-1959, #fink-laurence-d, #georgieva-kristalina-ivanova, #government-bonds, #gramercy-funds-management-llc, #international-monetary-fund, #macri-mauricio, #pensions-and-retirement-plans, #poverty, #stiglitz-joseph-e

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China Doesn’t Want a New World Order. It Wants This One.

Why would China go to the trouble of capsizing the global order when it can simply take it over?

#china, #communist-party-of-china, #international-monetary-fund, #international-relations, #united-nations, #united-states, #world-bank, #world-health-organization, #world-trade-organization, #xi-jinping

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Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’

Dozens of countries that borrowed from private investors have debt payments coming due as their economies have crashed because of the coronavirus.

#angola, #argentina, #banking-and-financial-institutions, #brazil, #coronavirus-2019-ncov, #credit-and-debt, #currency, #group-of-twenty, #institute-of-international-finance, #international-monetary-fund, #latin-america, #shutdowns-institutional, #third-world-and-developing-countries, #world-bank

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Lives Depend on Argentina’s Debt Talks

Governments won’t be able to contain the pandemic if they are forced to use scarce foreign currency to make unsustainable debt payments.

#argentina, #coronavirus-2019-ncov, #credit-and-debt, #income-inequality, #international-monetary-fund

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Argentina Teeters on Default, Again, as Pandemic Guts Economy

Even before the coronavirus deepened Argentina’s recession, the country was on track to default on $66 billion in debt.

#argentina, #coronavirus-2019-ncov, #economic-conditions-and-trends, #fernandez-alberto-1959, #international-monetary-fund, #international-trade-and-world-market, #macri-mauricio

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In Lebanon, a Pandemic of Hunger

Anger over a failing economy and unaffordable food has pushed protesters into the streets despite the coronavirus.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #corruption-institutional, #demonstrations-protests-and-riots, #international-monetary-fund, #lebanon, #shutdowns-institutional, #tripoli-lebanon

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Millions Had Risen Out of Poverty. Coronavirus Is Pulling Them Back.

Experts say that for the first time since 1998, global poverty will increase. At least a half a billion people could slip into destitution by the end of the year.

#africa, #banerjee-abhijit, #bangladesh, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #food, #food-aid, #harvard-university, #income-inequality, #india, #international-monetary-fund, #labor-and-jobs, #layoffs-and-job-reductions, #massachusetts-institute-of-technology, #poverty, #recession-and-depression, #remittances, #south-asia, #third-world-and-developing-countries, #unemployment, #united-nations, #world-bank

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To Fight Coronavirus, Poor Nations Need Their Debt Canceled

Delaying the repayments to the Group of 20 is not enough.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #epidemics, #group-of-twenty, #income, #international-monetary-fund, #recession-and-depression

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Covid-19 Threatens Global Safety Net

Developing nations will need help with the economic and public health disruptions from coronavirus. But institutions designed to help are being hobbled.

#coronavirus-2019-ncov, #epidemics, #international-monetary-fund, #international-trade-and-world-market, #third-world-and-developing-countries, #united-states-politics-and-government, #world-health-organization

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The World Has a $2.5 Trillion Problem. Here’s How to Solve It.

Poor countries are going to be decimated by the coronavirus. They need a serious rescue package.

#coronavirus-2019-ncov, #credit-and-debt, #epidemics, #foreign-aid, #global-fund-to-fight-aids-tuberculosis-and-malaria, #international-monetary-fund, #international-trade-and-world-market, #third-world-and-developing-countries

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The Global Coronavirus Crisis Is Poised to Get Much, Much Worse

What happens when the pandemic strikes nations of millions of people that have only a half-dozen ventilators?

#coronavirus-2019-ncov, #francis, #guterres-antonio, #international-crisis-group, #international-monetary-fund, #international-rescue-committee, #trump-donald-j, #united-nations, #world-bank

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Iran, Devastated by Coronavirus, Says U.S. Sanctions Are Taking Lives

Iran, devastated by the coronavirus, is asking the U.S. to lift sanctions on humanitarian grounds. U.S. officials say sanctions aren’t to blame; Iran is.

#coronavirus-2019-ncov, #embargoes-and-sanctions, #epidemics, #european-union, #house-of-representatives, #human-rights-watch, #humanitarian-aid, #international-crisis-group, #international-monetary-fund, #iran, #khamenei-ali, #medical-devices, #murphy-christopher-scott, #politics-and-government, #pompeo-mike, #sanders-bernard, #state-department, #united-states-international-relations, #united-states-politics-and-government, #ventilators-medical, #zarif-mohammad-javad

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Oil Prices Crash, Virus Hits, Commerce Stops: Iraq Is in Trouble.

Iraq depends on oil revenues, which have plummeted. The country is so desperate it is asking for donations to help it weather the pandemic.

#baghdad-iraq, #coronavirus-2019-ncov, #curfews, #economic-conditions-and-trends, #government-contracts-and-procurement, #international-energy-agency, #international-monetary-fund, #iraq, #labor-and-jobs, #layoffs-and-job-reductions, #mahdi-adel-abdul, #oil-petroleum-and-gasoline, #politics-and-government, #salih-barham

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