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The Saker
A bird's eye view of the vineyard

offsite link Fall fundraiser and a few words about what makes this blog different or even unique Fri Nov 22, 2019 03:13 | nyna nyna
Dear friends The time has come for me to pass the hat once again. As you know, I never use ads, pop-ups, paywalls, subscriptions or any other type of “money-squeezing”

offsite link Can Russia (or Iran) survive without China? Thu Nov 21, 2019 21:52 | The Saker
[this analysis was written for the Unz Review] In a recent article entitled “China, Bolivia and Venezuela are proof that social democracy cannot thrive in the global capitalist order” my

offsite link Hezbollah And The Basket Of Liberators Thu Nov 21, 2019 20:34 | The Saker
by Ghassan Kadi for The Saker Blog ?Living is easy with eyes closed, misunderstanding all you see? (John Lennon). Some who want to believe that Hezbollah is faultless, obviously live

offsite link Mapping the Global Divide Thu Nov 21, 2019 19:28 | The Saker
by Naresh Jotwani for The Saker Blog What exactly does ?the resistance? resist? What should ?the resistance? resist? Clearly, the target of any resistance has to be some form of

offsite link Lessons From Qaddafi Learned: Aerial Bridge to Syria Wed Nov 20, 2019 18:18 | Scott
by Vasily Kolosov Translated by Leo. Source: https://e-news.su/mnenie-i-... November 18, 2019 ? One of the reasons for the destruction of the Libyan state and the death of Colonel Qaddafi himself

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Latest Updates Thu Nov 21, 2019 20:32 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

offsite link Fijian women still face Human Rights violations Mon Aug 26, 2019 18:49 | Human Rights

offsite link Saudi Human Rights Violation Fri Aug 09, 2019 20:41 | Human Rights

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link A rolling confederal model? 17:59 Thu Nov 21, 2019 | WorldbyStorm

offsite link 1989 Revisited: 18th to 21st November ? Protests in Czechoslovakia and newly established Civic Forum... 11:32 Thu Nov 21, 2019 | WorldbyStorm

offsite link A race to the bottom? 09:30 Thu Nov 21, 2019 | WorldbyStorm

offsite link Attacks on ports? 08:31 Thu Nov 21, 2019 | WorldbyStorm

offsite link No Go! 1973 22:56 Wed Nov 20, 2019 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

IMF Warns of Global Financial Crisis Risk

category international | economics and finance | press release author Wednesday April 10, 2019 18:07author by Jubilee USA Network Report this post to the editors

For the second day in a row, the International Monetary Fund raised concerns of pending financial crisis. Ahead of the Spring IMF and World Bank meetings, the IMF released the Global Financial Stability Report, warning of "vulnerabilities" in corporate debt, house values and sovereign (country) debt.

Washington DC - For the second day in a row, the International Monetary Fund raised concerns of pending financial crisis. Ahead of the Spring IMF and World Bank meetings, the IMF released the Global Financial Stability Report, warning of "vulnerabilities" in corporate debt, house values and sovereign (country) debt.

"We are seeing some of same conditions that created the 2008 financial crisis and the IMF worries that we are not doing enough to prevent the next financial crisis," stated Jubilee USA Executive Director Eric LeCompte who monitors IMF reports. "When we review the IMF's analysis, they are looking directly at causes of the 2008 financial crisis, including house values, corporate and country debt and risky financial behavior."

On Tuesday, the IMF released the biannual World Economic Outlook Report noting a global growth slowdown and raising concerns about unsustainable debt, trade tensions and the impact of natural disasters on the financial system. The IMF expressed heightened concerns of looming debt crises and possible financial crisis.

On the heels of the IMF report releases, the IMF and development groups organized a high-level event at the meetings,"Tackling the Next Wave of Sovereign Debt Crises." On Wednesday, world leaders, finance ministers, business leaders, journalists and development groups attend the event at IMF Headquarters.

"In order to prevent financial crisis, we need stronger international and national policies to deal with debt problems, stop risky financial behavior and promote tax and transparency policies that can raise revenue," said LeCompte, one of the organizers of the debt event.

The speakers at the high-level forum include Benin's Finance Minister Romuald Wadagni, the IMF's David Lipton, The Guardian's Larry Elliot, the director of AFRODAD - Fanwell Bokosi and legal experts Lee Buccheit and Odette Lienau. Jubilee USA Network, AFRODAD, Oxfam, Latindadd, Eurodad, Jubilee Debt Campaign (UK), Jubilee Germany and the IMF sponsored the event. In addition to the high-level debt panel, Jubilee USA is also organizing events this week on Somalia, transparency policies and country debt case studies.

Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people.

www.jubileeusa.org

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