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Ukrainian President Volodymyr Zelensky said on Wednesday that the up to $20 billion lending program agreement between the country and the International Monetary Fund (IMF) has to be "finally" approved.In a speech at an event organized by the World Bank and the IMF, the Ukrainian leader specified that the nation needs $38 billion to make up for the budget deficit in 2023 and another $17 billion to cover the costs of rebuilding the critical infrastructure.Ukraine needs another $2 billion in "targeted credit" to reconstruct energy infrastructure so it could continue energy exports to Europe, as well as at least $5...

The International Monetary Fund warned on Tuesday that global financial stability risks have increased, raising the risk of a disorderly repricing in markets, as it pointed to emerging markets and housing markets as particularly vulnerable. The IMF said that "storm clouds" are looming over the global economy, including persistent inflation, a slowdown in China, and ongoing stresses from Russia's attack on Ukraine which have driven up the risk of a severe downturn to levels not seen since the onset of the Covid-19 pandemic. In its latest Global Financial Stability Report, the IMF warned that global financial stability risks had increased...

Speech by Thierry Baudet, leader of Forum for Democracy, in the Lower House of the Dutch Parliament (States-General), 22 September 2022, during the series of formal speeches and debates following the King’s speech at the State opening of Parliament. The entire cabinet walked out of the Chamber when Baudet mentioned that the Finance Minister Sigrid Kaag had studied at St Antony's College Oxford and the Speaker then intervened to prevent Mr Baudet from completing his speech. Since the FVD leader was prevented from delivering his speech, on the say-so of the Speaker who represents the party of which Minister Kaag...

ISLAMABAD — Pakistan’s military chief has reportedly sought help from the United Sates in securing the early disbursement of an International Monetary Fund loan as the high price of energy imports pushes the cash-strapped South Asian nation to the brink of a payment crisis. General Qamar Javed Bajwa spoke by phone to Deputy U.S. Secretary of State Wendy Sherman earlier this week and raised the issue, government sources told VOA late Friday on condition of anonymity. Pakistan last week reached a staff-level agreement with the IMF for the revival of a multibillion-dollar bailout package. However, the deal is subject to...

Washington (AFP) – Surging inflation and severe slowdowns in the United States and China prompted the IMF Tuesday to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. "The outlook has darkened significantly since April," said IMF chief economist Pierre-Olivier Gourinchas. "The world may soon be teetering on the edge of a global recession, only two years after the last one." "The world's three largest economies, the United States, China and the euro area are stalling with important consequences for the global outlook," he said at a briefing. In...

Issue: July 13, 2022 https://reclaimthenet.org/wef-restricting-certain-actors-defi WEF pushes for restricting “certain types of actors and transactions” from using decentralized finance Kicking people out of the financial system. Like the response to trucker protests in Canada demonstrated earlier in the year, a centralized and tightly controlled financial system makes it very easy to punish those participating. On a much bigger scale, the same is true of entire countries – if they are dependent solely on centralized international systems, they can be cut off at any point, and those in control of the systems can use them as very effective weapons. But the...

According to the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, she cautions that: “We are unable to rule out the possibility that a global recession may happen next year.” This is because the outlook for the global economy had “darkened significantly” since April. The outlook was given based on a more universal spread that includes : Inflation Substantial interest rate hikes Slowdown in China’s economic growth Escalating sanctions related to the war between Russia & Ukraine “We are in very choppy waters, we cannot just rule out a global recession as the risks are increasing,” she said.

The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had "darkened significantly" since April and she could not rule out a possible global recession next year given the elevated risks. IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for 3.6 per cent global economic growth for the third time this year, adding that IMF economists were still finalizing the new numbers. The IMF is expected to release its updated forecast for 2022 and 2023 in late July, after slashing its forecast by nearly...

The IMF was one of the first establishment institutions to admit that inflation was a legitimate threat to the US economy last year, however, they were very late to the game compared to economists in the alternative media. In March of 2021 IMF analysts were still arguing that inflation would be “transitory” despite the enormous $6 trillion covid stimulus in 2020 which was injected by the Federal Reserve directly into US retail markets through covid checks and PPP loans (helicopter money). Nearly all of the IMF’s predictions on inflation turned out to be wrong. This fact should be taken into...

Pakistan, a nuclear power with at least 165 warheads from short range to medium range, is facing potential economic collapse according to the country’s Finance Minister, Miftah Ismail. With an official inflation rate of over 13.37% (double the official CPI to get a more accurate picture of true price inflation), the 2nd fastest rising rate in Asia, Pakistan has sought relief from foreign debt obligations and an IMF bailout deal. Initial arrangements for a three year deal with the IMF began in 2019, but Pakistan says that deal, originally for $6 billion USD, is ‘outdated’ due to the covid pandemic...

Mostly we get lies, spin and obfuscation from central bankers, politicians and bureaucrats. But every once in a while, one of these people accidentally wanders into the truth. IMF Director Kristalina Georgieva did just that during a recent panel discussion hosted by CNBC. She conceded that central banks globally “printed too much money and didn’t think of unintended consequences.” I think we are not paying sufficient attention to the law of unintended consequences. We take decisions with an objective in mind and rarely think through what may happen that is not our objective. And then we wrestle with the impact...

"We printed too much money and didn't think of unintended consequences" - IMF Director Kristalina Georgieva pic.twitter.com/X7FfBCLOMC — Crypto India 🔑 (@CryptooIndia) April 22, 2022 Kristalina Georgieva, director of the board of the International Monetary Fund (IMF), said the following during an event hosted by CNBC on Thursday: KRISTALINA GEORGIEVA, IMF: I think we are not paying sufficient attention to the law of unintended consequences. We take decisions with an objective in mind and rarely think through what may happen that is not our objective. And then we wrestle with the impact of it. Take any decision that is a...

The IMF has become the most recent global body to release a warning regarding potentially forthcoming global food shortages, saying that vulnerable nations are at risk of civil unrest amid supply issues. Civil unrest linked to sky-high food prices is on the cards for poorer countries, the IMF has warned amid fears that the world could be heading into a global food crisis as a result of the ongoing conflict in Ukraine. Amid past warnings of starvation and “Hell on Earth” migrant crises over a lack of food, the international finance body has predicted that growth across the world will...

Argentina is trapped in $44 billion of IMF odious debt taken on by corrupt right-wing regimes. Seeking alternatives to US hegemony, President Alberto Fernández traveled to Russia and China, forming an alliance with the Eurasian powers, joining the Belt and Road Initiative.Argentina's President Alberto Fernández meets with Russia's President Vladimir Putin and China's President Xi Jinping in February 2022The United States constantly intervenes in the internal affairs of Latin America, organizing coups d’etat, destabilizing independent governments, trapping nations in debt, and imposing sanctions. Washington sees the region as its own property, with President Joe Biden referring to it this January...

The International Monetary Fund is warning there is a growing connection between cryptocurrency and financial markets, which poses risks to the financial system. In a report, the international body says digital assets are no longer on the “fringe” of the financial system. Given their high volatility, the rising correlation between cryptocurrencies and stocks could soon pose risks to financial stability— especially in countries that have adopted digital units. “The correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification benefits and raises the risk of contagion across financial markets,” the IMF wrote....

Tunisia’s Central Bank is in “advanced talks” with Saudi Arabia and the United Arab Emirates (UAE) to obtain financial aid for the cash-strapped country, a senior banker has confirmed. Abdelkarim Lassoued, the head of financing and foreign transactions at the Tunisian regulator, told local Shams FM radio on Friday that an agreement with the two Gulf states may be reached soon. He added that talks with the International Monetary Fund (IMF) were also ongoing, without giving details on the amount of aid being discussed. The North African country has seen years of political deadlock since its 2011 revolution, with fractious...

In its latest World Economic Outlook report published on Tuesday morning, the International Monetary Fund voiced its starkest caution about stagflation yet, warning that the global economic recovery has lost momentum and become increasingly divided, even as it warned about rising inflation risks. The fund warned threats to growth had increased, pointing to the delta variant, strained supply chains, accelerating inflation and rising costs for food and fuel. As a result, the IMF trimmed its global growth forecast and now expects world GDP to rise 5.9% this year, down 0.1% from what it anticipated in July and a bounce from...

Now elites at the International Monetary Fund (IMF) have posted research on their site describing a social score used to rate your ability to apply for a loan. In the not-too-distant future, your internet habits could help determine how much house you can buy and the rate on your next auto loan. Sounds ridiculous? Right now, your credit score — that three-digit number that tells lenders how responsible you are — is based on simple financial information, like your payment history and debt level. But research posted to the International Monetary Fund (IMF) website suggests companies will soon be looking...

The World Bank Group today released the findings of its probe into data irregularities discovered in 2018 and 2020 reports; and along with those findings, it confirmed that it will be discontinuing 'Doing Business' reports.Specifically, Bloomberg reports that International Monetary Fund Managing Director Kristalina Georgieva was cited by the World Bank in the probe....“The changes to China’s data in Doing Business 2018 appear to be the product of two distinct types of pressure applied by bank leadership on the Doing Business team,” the World Bank said in a report Thursday.The bank cited “pressure applied by CEO Georgieva and her advisor,...

In an interview with Bloomberg, Ajmal Ahmady, governor of Da Afghan Bank, observed the majority of the central bank’s more than $9 billion in assets were frozen by the U.S. following the fall of Kabul to Taliban forces...Last week, the International Monetary Fund said the Taliban has been prevented from accessing reserve assets worth about $500 million. Afghanistan functions primarily as a cash economy, but the Afghani, the nation's currency, is not accepted for cross-border trade, while an informal transfer system known as hawala doesn’t function efficiently in a modern financial environment.Ahamdy predicted the Taliban will “probably try to go...