Showing posts with the label
IMF
Half a century after United States B-52 bombers dropped more than 500,000 tonnes of explosives on Cambodia's countryside Washington wants the country to repay a $US500 million ($662 million) war …
The IMF's Greek interventions are criticized by its own independent evaluation office. I suppose this one's as stale already as the UK's Chilcot Report released just this year on Britain…
Can new Argentine President Mauricio Macri turn things around? His is not the only financially troubled G20 country. Four days in, I am not seeing major improvements in 2016 for commodity exporters, …
Here's another step towards the Chinese currency becoming a globally important one. Everyone sort of expected this, but for the Chinese, it's a major achievement nonetheless. While the inclus…
So broke he can't even spend the night: Venezuela's President Maduro. We all have wastrel friends and relatives of no particular achievements, distinction or talents who get by through beggin…
Pakistan's aid donors help bolster its reserves--not financial inflows for the most part. It is sad that accumulating $20B in reserves--this in a country with a population of 182 million--is cons…
Sucking up to the IMF in all sorts of ways--now including reporting on forex reserves. "Transparency" and "Chinese officialdom" are strangers to one another. That said, the PRC se…
Roussef is probably nostalgic about her Marxist guerrilla fighter days right about now. The seemingly inevitable just happened: after being hit hard by slumping global commodity prices, Brazil's …
IMF says...wait a while longer for RMB SDR inclusion. The PRC has been strongly pushing for the inclusion of the Chinese yuan in the basket of currencies which constitutes the IMF's Special Drawi…
Vultures, the foreign debt board game and other Argentinian jollity. Argentina has a wealth of attractions: The awesome natural grandeur of Perito Moreno Glacier . Ushuaia , the "end of the worl…
A lot off the top, a lot off the side: Ukraine seeks to give its creditors a sizable haircut. The unprecedented example of IMF lending to a country in the midst of civil war demonstrates US influenc…
Welcome to scenic--and financially secure--Denmark. I don't know what to make of this news for reasons I can briefly explain: The IMF has been among the international organizations at the forefro…
Poor IMF: among the many ills supposedly attributable to its activities worldwide, chalk its historical emphasis on "structural adjustment" for weakening West African health care systems t…
There's "postwar reconstruction," but the IMF has completely lost the plot with "duringwar reconstruction." I am unsure of many, many things, but this I know: Ukraine is a bot…
Vulture Man: NML Capital's Paul Singer v. Argentinian President Cristina Fernandez. File this under: dream on, buddy . A few weeks ago I discussed the quandary faced by Argentina as a US court …
Christine Lagarde is famously the first non-economist to head the International Monetary Fund. Aside from being in charge during a time of transition when more developing countries want greater repre…
For those who've run their country into the ground, we salute you. If nothing else, you have to admire President Robert Mugabe's longevity. Once a pro-independence protagonist, he's turne…
If we go by the Weberian definition of what a state is, "Ukraine" fails on the counts of territorial integrity and having a monopoly on the legitimate use of force. Into this muddled pic…
His sartorial choices may have been Oppa Moammar Style, but Sisi has made a good start. For the record, let us recall how Egyptian President Abdul Fattah El-Sisi came into power. First, he overthrew …
We've heard all that before, unfortunately, BRICS. Grand plans to supplant the (American-designed) postwar global financial architecture lie thick on the ground. As I noted in 2007 , poor countri…
