New Events

International

no events posted in last week

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Orwell’s 1984 arrives in 2018 Ireland

offsite link Elaine Byrne: Not speaking full truth to power Anthony

offsite link Israel/Ireland: Corruption comparison Anthony

offsite link Irish cowboy town and fake regulatory agencies Anthony

offsite link Elaine Byrne: Failing to join up the dots on state corruption Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link May 25, 2018: Israeli, US Strikes On Government Forces. What Is Going On? Fri May 25, 2018 21:41 | Scott
https://southfront.org/syrian-war-rep... Late on May 24, Israeli warplanes carried out several strikes on the al-Dabaa airbase in the southwestern Homs countryside, according to pro-government sources. The Syrian Air Defense Forces (SADF)

offsite link Interesting video of a quadruple ?volley? launch of SLBMs from the latest Russian SSBN Fri May 25, 2018 16:04 | The Saker
A rare and interesting event: a “volley” launch of four submarine launched ballistic missiles (SLBM – in this case the newest model “Bulava”) from a nuclear powered ballistic submarine (SSBN

offsite link Moveable Feast Cafe 2018/05/25 ? Open Thread Fri May 25, 2018 06:00 | Herb Swanson
2018/05/25 05:00:01Welcome 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 It all depends on your values Fri May 25, 2018 05:05 | The Saker
[This article has been written for the Unz Review] This has been an interesting week for Russia.  First, and contrary to my own expectations, Iulia Skripal has been allowed to

offsite link Conflict In Eastern Ukraine Can Soon Turn Into Open War Fri May 25, 2018 04:01 | Scott
https://southfront.org/conflict-in-ea... This week the military situation in eastern Ukraine has once again escalated as forces loyal to the Kiev government have advanced on positions controlled by defense forces of the

The Saker >>

Human Rights in Ireland
www.humanrights.ie

offsite link Repeal, Abortion and the Common Good: Beyond Foetal Rights? Tue Apr 24, 2018 15:06 | Máiréad Enright

offsite link #abortiontravel Cordelia Freeman on ?The Chile-Peru Abortion Trail and the Irish Experience? Thu Apr 19, 2018 14:13 | GuestPost

offsite link #abortiontravel Sydney Calkin on ?The Changing Geographies of Abortion Access? Wed Apr 18, 2018 14:08 | GuestPost

offsite link #abortiontravel Kath Browne & Catherine Nash on ?Love both?: Naming Heteroactivism? Tue Apr 17, 2018 13:01 | GuestPost

offsite link #abortiontravel Katherine Side on ?Medical Abortion Use: Post-Referendum Possibilities? Mon Apr 16, 2018 14:01 | GuestPost

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link Glad It?s All Over ? but it?s not, is it? 21:53 Sat May 26, 2018 | WorldbyStorm

offsite link Referendum Count Day 09:23 Sat May 26, 2018 | WorldbyStorm

offsite link This Weekend I?ll Mostly Be Listening to? Yes 07:18 Sat May 26, 2018 | irishelectionliterature

offsite link Exit Poll 2 ? Another landslide for Yes 23:27 Fri May 25, 2018 | WorldbyStorm

offsite link Exit Poll -Landslide for Yes 22:16 Fri May 25, 2018 | irishelectionliterature

Cedar Lounge >>

IMF Reports Debt and Human Crises Drive Uneven Growth; Global Stability and Economic Outlook Reports Released

category international | economics and finance | news report author Wednesday April 15, 2015 15:30author by Sophia Har, Jubilee USA Network Report this post to the editors

The IMF issued a report today showing that debt and human crisis are driving inequality and financial instability. Jubilee USA Network calls for the establishment of structures to stabilize the global financial system and to protect low-income communities. The Ebola epidemic clearly demonstrates the need for these structures.

The International Monetary Fund (IMF) released its Global Financial Stability Report, noting "increased financial stability risks" in the global economy. The report notes that large-scale economic shocks are particularly concerning to global stability. It argues that such risks are greatest for countries with high debt levels and that emerging market countries must be prepared for external shocks. Particular concern is raised on the consequences of currency volatility, the shadow financial system and high corporate debt. The report is a follow-up to the IMF's semi-annual World Economic Outlook Report, which noted uneven global growth, particularly among developing economies.

"The IMF recognizes we need global structures to protect us when there's a major crisis," said Eric LeCompte, Executive Director of the religious development organization Jubilee USA Network. "Countries with high debt levels are the most vulnerable to those crises."

The Global Financial Stability Report focuses on the systemic issues that create global economic trends. It notes that debt levels are rising in emerging markets and that increased risks over the past six months are impacting those countries the most. It argues that policy measures are necessary to "contain financial excesses" in global markets and to improve growth.

"The IMF is concerned that inequality persists, especially in the developing world" said LeCompte. "The IMF notes that the key to stability is addressing debt and tax policies that underlie uneven growth."

The latest World Economic Outlook Report, released at the beginning of the IMF / World Bank Spring Meetings, projects the global economy to grow 3.5% in 2015. It notes that growth projections are lower than expected in some regions, including Sub-Saharan Africa. The IMF now projects Africa's growth to be much lower than it did in its October, 2014 report, citing the Ebola epidemic and falling commodity prices. The World Bank projects that Guinea, Liberia and Sierra Leone will lose a combined $1.5 billion due to Ebola in 2015 alone. Meanwhile, $1.3 billion leaves those nations each year due to crime, corruption and tax evasion and the three countries spent more than $80 million paying off debt the year the outbreak began. The year before the disease first took hold in Guinea, that country spent more money on debt than on public health. In February, the IMF announced $100 million in debt relief for the three countries and created a new debt relief trust fund for poor countries in times of crisis.

"Ebola harmed countries that were already struggling due to high debt burdens," noted LeCompte. "We need structures that help the most vulnerable. The IMF's debt relief fund is a good example and a good start."

Jubilee USA Network is an alliance of more than 75 US organizations and 400 faith communities working with 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

© 2001-2018 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy