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The Saker
A bird's eye view of the vineyard

offsite link October 18, 2018: Israel Is Preparing To Challenge S-300 In Syria Thu Oct 18, 2018 21:20 | Scott
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offsite link What sanctions on Russia and China really mean Thu Oct 18, 2018 21:05 | The Saker
The Pentagon may not be advocating total war against both Russia and China ? as it has been interpreted in some quarters by Pepe Escobar (cross-posted with The Asia Times

offsite link How the Vatican Is Preparing to Launch a Religious War in Ukraine with the Help of the Constantinopl... Thu Oct 18, 2018 14:39 | The Saker
By Aleksandr Voznesensky Translated by Ollie Richardson and Angelina Siard cross posted with http://www.stalkerzone.org/... source: https://cont.ws/@alexandrpa...   The other day the Uniate website “RISU“, which is based in the Ukrainian

offsite link Moveable Feast Cafe 2018/10/18 ? Open Thread Thu Oct 18, 2018 09:00 | Herb Swanson
2018/10/18 08:00:01Welcome 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 Kudrin offers to surrender to the West for the lifting of sanctions, by Ruslan Ostashko Wed Oct 17, 2018 04:26 | Scott
Translated and subtitled by Scott Humor The Chairman of the Accounts Chamber Alexei Kudrin had actually offered to surrender to the West in exchange for lifting of sanctions. This is

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Human Rights in Ireland
A Blog About Human Rights

offsite link 112 Pro-Biafra Imo Women Arrested Sat Aug 25, 2018 16:30 | Human Rights

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Cedar Lounge
For lefties too stubborn to quit

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offsite link Presidential Campaign News: Better to have said nothing?and phoning it in redux 07:22 Thu Oct 18, 2018 | WorldbyStorm

offsite link Heritage conference to explore impact of Brexit on Irish border museums 17:44 Wed Oct 17, 2018 | guestposter

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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

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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

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