Tag Archives: International Monetary Fund

The global economy has entered unexplored, dangerous territory – opinion

The global economy has entered unexplored, dangerous territory

imfIn this image released by the International Monetary Fund, IMF Managing Director Christine Lagarde speaks at the meeting of the 24 members of the International Monetary and Financial Committee on Oct. 8. (Stephen Jaffe/AFP/Getty Images)

By Lawrence Summers October 9 at 7:59 PM

As the world’s finance ministers and central-bank governors came together in Washington last week for their annual global financial convocation, the mood was somber. The specter of secular stagnation and inadequate economic growth on the one hand, and ascendant populism and global disintegration on the other, has caused widespread apprehension.     Continue reading

Suriname Lands $478M IMF Loan To Boost Economic Reform Plan

Suriname Lands $478M IMF Loan To Boost Economic Reform Plan

Suriname mapMay 28, 2016 – Caribbean News Service.

PARAMARIBO, Suriname, May 28 2016 – Suriname has landed a $478 million loan from the International Monetary Fund to boost an economic reform programme amid a drop in commodity prices, becoming the second South American country to seek such a bailout in nearly a decade.

The IMF said it will immediately disburse $81 million as part of a two-year deal announced Friday that has been met with protests.   Continue reading

China’s New Investment Bank: A Premature Prophecy – By Mark Fleming-Williams

Has the U.S. Lost Its Role as Driver of Global Economy?‏

China’s New Investment Bank: A Premature Prophecy

Global AffairsGlobal Affairs – April 22, 2015 | 08:00 GMT – STRATFOR

By Mark Fleming-Williams

Former U.S. Treasury Secretary Lawrence Summers wrote on April 5 that this month may be remembered as the moment the United States lost its role as the underwriter of the global economic system. His comments refer to the circumstances surrounding China’s launch of a new venture, the Asian Infrastructure Investment Bank (AIIB). Wary of China’s growing ambitions and influence, the United States had advised its allies not to join the institution, but many signed up anyway. The debacle was undoubtedly embarrassing for Washington, but even so, Summers’ prophecy is a bit premature at this stage.

To understand why, one must first understand the basis of the United States’ dominant economic position in the world. At the height of World War II, the heavily indebted United Kingdom signed the Lend-Lease deal, which handed over British naval bases to its American cousins in exchange for financial support. This act was akin to passing the military superpower baton, since it transferred control of the world’s oceans to the United States.   Continue reading

Eldorado Verde: Guyana’s Biocapacity – By Rory Fraser

Eldorado Verde: Guyana’s Biocapacity

OCTOBER 14, 2013 · –  STABROEK NEWS – FROM RGE DIASPORA

In the DiasporaRory Fraser is Professor of Forest Economics and Policy at Alabama A & M University, and has spent 36 of the last 40 years in the UK, Canada, Jamaica, USA, and Guyana either attending or teaching at universities and working in forestry related fields

By Rory Fraser

Guyana’s future is inextricably linked to its greatest asset, a global leading, 59.75 global hectares (gha) per person of biocapacity. The second country is Gabon, with 27.88 global hectares (gha) per person, less than half  of Guyana’s capacity. In a world with an increasing ecological deficit – ecological footprint exceeds biocapacity – this declining resource is becoming increasingly more valuable. The following discussion draws liberally from the Global Footprint Network’s analyses and their 2011 publication, Ecological Wealth of Nations.

Biocapacity is the capacity of ecosystems – i.e. a biological community of interacting organisms and their physical environment – to produce useful biological materials and to absorb waste materials generated by humans, using current management schemes and extraction technologies. “Useful biological materials” are defined as those demanded by the human economy. Hence, what is considered “useful” can change from year to year.   Continue reading

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