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May 13, 2021
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The International Monetary Fund (IMF) executive board on Monday approved a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan.The financing plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from the fund’s internal resources, IMF Managing Director […]Continue Reading
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Femi Falana, human rights lawyer, says the federal government is hiding the fact that Nigeria “has been captured” by the World Bank and International Monetary Fund (IMF). He said the “neoliberal economic policies” of the Bretton Woods Institutions are fostering poverty in the country. Falana spoke in Lagos on Thursday at the launch of a […]Continue Reading
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The international financial architecture is ‘skewed in favor of rich and creditor countries’, the World Bank said yesterday. President of the bank, David Malpass exposed the partial state of the architecture at the close of the World Bank/IMF Spring Meetings 2021 Development Committee meeting, in Washington D.C. yesterday. He said the disturbing state of the […]Continue Reading
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By David Amaglobeli, Vitor Gaspar, and Paolo Mauro The COVID-19 pandemic is intensifying the vicious circle of inequality. To break this pattern and give everyone a fair shot at prosperity, governments need to improve access to basic public services—such as health care (including vaccination) and education—and strengthen redistributive policies. For most countries, this Continue Reading
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By Tobias Adrian, Thor Jonasson, Ayhan Kose, and Anderson Silva Paychecks for teachers, new hospital equipment, social assistance programs, and other public expenditures. All depend to large extent on governments’ ability to fund them. When governments—particularly those in emerging and developing economies—need money to pay these and other goods and services, they Continue Reading