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The Saker
A bird's eye view of the vineyard

offsite link Moveable Feast Cafe 2020/01/24 ? Open Thread Fri Jan 24, 2020 01:30 | Herb Swanson
2020/01/24 01:30:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link Willfully and Consciously Demonizing Shia: the Leadership of the Pious Thu Jan 23, 2020 23:07 | amarynth
Mansoureh Tajik for The Saker Blog Bismillah-ir-Rahman-ir-Rahim, ?In the Name of God, the Most Gracious, the Most Merciful.? This essay may be billed as a companion to, or a rebuttal

offsite link Davos Pitch ? The Trump and (itty bitty bit part) Ivanka Show Thu Jan 23, 2020 23:05 | amarynth
By Chris Faure for The Saker Blog It was a good speech that Mr Trump made at Davos. He studied his lines and his part well. Starting off with a

offsite link Turkish Army Battle Tanks: Capabilities, Modernization, Prospects Thu Jan 23, 2020 19:13 | Scott
https://southfront.org/turk... Turkey is working to develop its national industry and reequip its armed forces with modern military equipment. The worth of projects in this field is estimated to be around

offsite link I will not let Hillary intimidate me or other patriotic Americans into silence Thu Jan 23, 2020 19:07 | The Saker

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
"A flaky website that purports to be ?leftist,? The Cedar Lounge Revolution, occasionally makes a relevant point or two."

offsite link Some Sad News ?. 09:55 Fri Jan 24, 2020 | irishelectionliterature

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offsite link Pensions redux? 10:26 Thu Jan 23, 2020 | WorldbyStorm

offsite link As others see us? a continuing series 09:23 Thu Jan 23, 2020 | 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 World Economic Outlook: Economy Improves for Some as Inequality Persists

category international | anti-capitalism | press release author Thursday April 10, 2014 16:45author by Arielle Retrosi Report this post to the editors

Debt Restructuring Process Discussed by IMF and G20

The IMF released the World Economic Outlook Report ahead of the annual IMF meetings. The report forecasts improvement for several advanced and emerging economies, including the United States, but notes that the recovery is uneven and vast inequality still continues. One of the principle issues the report reviews is how sustainable the debt loads are for both G20 and developing countries.

"The IMF acknowledges that investors are still concerned with unsustainable debt loads in developing economies," noted Eric LeCompte, Executive Director of Jubilee USA Network, a religious coalition focused on the impacts of the financial crisis on poor people. "It doesn't take a rocket scientist to know what the IMF reports. In a post financial crisis world, the rich have gotten richer and more people have been pushed into extreme poverty."

Over the last year the G20 has vigorously debated how to deal with unsustainable country debts and speculative investments, root causes of the global financial crisis. One year ago in Washington, G20 Financial Ministers discussed the possibility of an international sovereign bankruptcy process in order to provide stability in the international financial system. The IMF staff also released a paper ahead of last year's meetings which explored aspects of the process. Last fall during the St. Petersburg Summit, G20 heads of state discussed the process and invited the IMF to continue to review debt sustainability and debt issues. IMF staff continue to explore the process.

"The G20 and the IMF are asking will we be prepared twelve years from now when the next regional or global financial crisis hits," shared LeCompte. "It's tremendously exciting that global decision makers are reviewing these possibilities. An international bankruptcy process for countries provides international stability and predictability."

Sustainable debts is a theme of this year's annual IMF meetings. Jubilee USA, Jubilee Germany and Friedrich-Ebert-Stiftung New York Office have organized a high level panel during the meetings to focus on how debt sustainability impacts people living in extreme poverty. Policymakers, Finance Ministers and Sovereign Debt Lawyers will discuss debt sustainability and an international bankruptcy process for countries.

"One out of five people are living in extreme poverty. We can't solve inequality without solving unsustainable country debts," said LeCompte

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