Advertiser space
Hot news

Search result for: "IMF"

Image description

The IMF Must End Its Destructive Surcharges

A group of 22 financially distressed countries, including Pakistan and Ukraine, has become the largest source of net revenue to the International Monetary Fund in recent years
0 Comment 11354 view
Image description

Where Expansion Could Hit A BRICS Wall

Turkey’s formal application last week for membership in BRICS marks a major step forward for a bloc that expanded its membership at the outset of the year to embrace Iran, Egypt, Ethiopia, and the United Arab Emirates
0 Comment 9857 view
Image description

UN Chief Urges Climate Justice For Pacific Nations Beset By Rising Oceans

Pacific island nations threatened by rising oceans, debt and geopolitical tensions can only fight back if international lenders agree to fairer terms for vital development funding and the world’s biggest polluters make a “massive increase” in contributions to address “climate chaos”
0 Comment 7769 view
Image description

BRICS: Kuasa Baharu Atau Potensi Merudum?

KUALA LUMPUR, Malaysia: BRICS ialah organisasi antara kerajaan (intergovernmental organisation) yang ditubuhkan pada 2006 yang terdiri daripada Brazil, Rusia, India, China dan Afrika Selatan, yang pada asalnya dijadualkan untuk memupuk hubungan ekonomi dan dialog politik yang lebih mendalam di kalangan negara anggota.
0 Comment 30940 view
Image description

Is BRICS Resilient And Powerful Enough?

BRICS is an intergovernmental organization established in 2006 comprising Brazil, Russia, India, China and South Africa, originally slated to foster deeper economic ties and political dialogue among the member countries. It was set up primarily as an alternative bloc as a rival to the Western led order of the then Group of 8 (G8) and the established Western led institutions of IMF and the World Bank, in providing a new movement led by Russia and China. 
0 Comment 25670 view
Image description

De-dollarisation, Economic Diversification Attract Malaysia to BRICS

NEW DELHI, India: Malaysia would soon begin the process of joining the BRICS grouping, Prime Minister Anwar Ibrahim told a Chinese publication Guancha this week. Earlier, Thailand also expressed a formal interest in joining the Global South grouping.
0 Comment 27947 view
Image description

Leader Of Sri Lanka’s Opposition JVP Party Visits India

MICHIGAN, US: Anura Kumara Dissanayake, leader of Janatha Vimukthi Peramuna (JVP) and its parliamentary front, the National People’s Power (NPP), travelled to India on Monday for an official five-day visit. He was accompanied by MP and JVP propaganda secretary Vijitha Herath, NPP secretary Dr. Nihal Abeysinghe and Professor Anil Jayantha.


 

0 Comment 27353 view
Image description

When There Are Few Chinese And Indians Left In Malaysia

KUALA LUMPUR, Malaysia: A quasi-Malay ex-politician's recent rant questioning the loyalty of Indians because they are not “Malay enough” in his bigoted perspective got me thinking. Not about bigots who, like snakes, only know how to spew poison and wag their forked tongues; but rather, whether the Malays would really be better off if there were a lot fewer Indians and Chinese in Malaysia?
 
0 Comment 30075 view
Image description

G20 Summit Sets Up Western Clash With A Rising Global South

WASHINGTON, US:The leaders of the world’s largest economies will gather this weekend in New Delhi, India, for the G20 summit. The meeting comes at a complex time for the grouping, which is one of the rare venues where Russian, Chinese, American and European leaders have to rub shoulders each year.

0 Comment 36312 view
Image description

The Belt And Road Turns Into A ‘Debt Trap’ For Beijing


SACRAMENTO, US:With dozens of the member countries of the Belt and Road Initiative (BRI) club pushing to renegotiate their loans from China, the BRI is rightly said to have become a project of debt collection rather than one characterized by Beijing’s ‘win-win’ formula of mutual development. 

 
0 Comment 32250 view
Image description

IMF Lowers Global Economic Growth Outlook As ‘Fog Thickens’

NEW YORK, U.S.-The International Monetary Fund (IMF) forecast in their latest World Economic Outlook published on Tuesday, that global growth will bottom out at 2.8 percent this year before rising modestly to around three percent in 2024, representing a 0.1 per cent fall on its January projections.

0 Comment 44428 view
Image description

Millions Driven Into Poverty By Pandemic, Soaring Prices And Recession

MICHIGAN, U.S.--The World Bank report on the growth of global poverty released earlier this week presents a graphic picture of the devastating impact of the COVID-19 pandemic on hundreds of millions of people in the world’s poorer countries, now being exacerbated by rising inflation and the shift of the world economy into recession.

0 Comment 70239 view
Image description

Wan Junaidi: A steady hand and unsung reformist

Law minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar has been in the news a lot recently but unlike many other politicians who are the subject of media coverage

0 Comment 103741 view
Image description

Sri Lanka’s Collapse Heralds Unwanted New Normal


HONG KONG, China--President Ranil Wickremesinghe is confident a multi-billion-dollar bailout by the International Monetary Fund (IMF) will enable Sri Lanka to have a functioning economy by 2024 but that’s cold comfort and a long way off for the millions of people left stranded with few prospects.

0 Comment 65146 view
Image description

BRICS Menyerang Dolar AS

KUALA LUMPUR, Malaysia--Tindakan Barat (collective West) tentang pembekukan cadangan devisa Rusia menjadi pancuran air dingin bagi kebanyakan negara di seluruh dunia. 

 
0 Comment 54986 view
Image description

China Starting Next Global Crisis By Gobbling Up Sri Lanka


NEW YORK, U.S.--On May 12, India confirmed that it would provide a desperate Sri Lankan government 65,000 metric tons of urea, pursuant to an existing $1 billion credit line. The sale, which overrides New Delhi's ban on the exports of the commodity, relieves severe pressure on the government of Sri Lankan President Gotabaya Rajapaksa.

0 Comment 48002 view
Image description

Sri Lanka Has Fallen. Will Other Economies Follow?


MANILLA, Philippines--Financial crises have a domino effect. A seemingly small event in one country can have far-reaching consequences around the world. We’ve seen it in the 1997’s Asian Financial Crisis and again in the global financial crisis of 2009.

0 Comment 49314 view
Image description

Who Makes Public Policy In Malaysia?

BANGKOK, Thailand--When Malaysia faced the Asian economic crisis back in 1997, the then Prime Minister Dr. Mahathir Mohamed called on his old friend Tun Daim Zainuddin to head the National Economic Action Council (NEAC) set up under the Economic Planning Unit (EPU) to find a solution through the National Economic Recovery Plan (NERP). 

0 Comment 68882 view