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international / economics and finance / press release Friday July 09, 2021 14:44 by Comms Manager, olivia@jubileeusa.org
G20 finance ministers begin two-day meetings in Italy on Friday on COVID response, economic recovery, vaccines, debt relief and global tax agreements. More than 265 groups signed a letter organized by Jubilee USA urging the G20 to act on debt relief, aid and COVID healthcare for developing countries. read full story / add a comment
international / economics and finance / press release Tuesday June 29, 2021 21:56 by Olivia Engling
The International Monetary Fund approved a debt relief process for Sudan, according to the country's finance ministry. The Heavily Indebted Poor Countries (HIPC) initiative, a debt relief process created in the early 2000s, will wipe out 85% of Sudan's debt, reducing debt from $50 billion to $8 billion. read full story / add a comment
international / economics and finance / press release Wednesday June 09, 2021 19:45 by Olivia Engling
The World Trade Organization began a process that could make it easier for poor countries to produce or procure COVID-19 vaccines. Pharmaceutical companies hold vaccine patents and WTO action is necessary to waive the patents. Less than 2% of coronavirus vaccines reached poor countries. read full story / add a comment
international / economics and finance / press release Tuesday June 01, 2021 18:38 by Olivia Engling
 1 comment (last - tuesday june 01, 2021 21:05)
Heads of the primary global financial, trade and health institutions urged government leaders to finance a $50 billion vaccine plan to end the pandemic. “A two-track pandemic is developing, with richer countries having access and poorer ones being left behind,” shared IMF Managing Director Kristalina Georgieva, World Bank President David Malpass, World Health Organization Director General Tedros Adhanom Ghebreyesus and World Trade Organization Director General Nkozi Okonjo-Iweala in a joint statement. read full story / add a comment
international / economics and finance / press release Friday May 21, 2021 15:08 by Zachary Conti
As worldwide COVID cases peak, IMF chief Kristalina Georgieva unveiled a $50 billion proposal to support vaccinations of 60% of the world's population. During a G20 and European Commission summit, Georgieva argued the global vaccine investment would end the pandemic and spur $9 trillion in economic gains by 2025. read full story / add a comment
international / economics and finance / press release Friday April 23, 2021 19:43 by Zachary Conti
The United Nations convened on COVID response and development needs for vulnerable, small island and landlocked countries. The President of the Economic and Social Council, Pakistan Ambassador Munir Akram organized the high-level event to focus on countries struggling with specific disadvantages from the crisis. read full story / add a comment
international / economics and finance / press release Thursday April 22, 2021 22:35 by Zachary Conti
Financial decisions play a critical role in solving climate change, advocated Treasury Secretary Yellen during a US-hosted climate summit. More than 40 world leaders are attending the two-day virtual gathering convened by President Biden. Biden announced a new US target to halve fossil fuel emissions by 2030 and eliminate them by 2050. read full story / add a comment
international / economics and finance / press release Friday April 09, 2021 17:49 by Zachary Conti
The Development Committee, a ministerial-level consensus building and policymaking body for the World Bank and the IMF, met as part of the Spring IMF and World Bank Meetings. read full story / add a comment
international / economics and finance / press release Tuesday April 06, 2021 17:49 by Zachary Conti
1 comment (last - wednesday april 07, 2021 16:01)
The IMF warns that rising US interest rates could impact the ability of developing countries to pay debt, leading to prolonged economic crisis. The warning comes ahead of IMF, G20 and World Bank meetings, with the Fund's release of the Global Financial Stability Report. read full story / add a comment
international / economics and finance / press release Tuesday April 06, 2021 15:08 by Zachary Conti
"The pandemic will reverse the progress made since the 1990s in reducing global poverty and will increase inequality," states the IMF in its flagship World Economic Outlook report. read full story / add a comment
international / economics and finance / press release Friday April 02, 2021 15:06 by Zachary Conti
Treasury notified Congress of its support for $650 billion in IMF global reserves, also known as Special Drawing Rights (SDRs), to assist developing countries struggling with the coronavirus crisis. US law requires a ninety-day advance alert to Congress before the US votes for SDRs with the IMF board. read full story / add a comment
international / economics and finance / press release Tuesday March 30, 2021 16:16 by Zachary Conti
International Monetary Fund head Kristalina Georgieva warned of an uncertain global recovery as the world struggles with the COVID spurred economic crisis. The IMF Managing Director stated concern that average incomes in developing countries faced drops of 20% and 11% in advanced economies. "This loss of income means millions of people will face destitution, homelessness, and hunger," reported Georgieva during her curtain raiser speech ahead of the Spring IMF and World Bank meetings. read full story / add a comment
international / economics and finance / press release Friday February 26, 2021 21:19 by Zachary Conti
G20 finance ministers met Friday to discuss global coronavirus response. The group endorsed continuing stimulus plans in wealthy countries and supporting plans to increase aid and vaccine access for developing countries. read full story / add a comment
international / economics and finance / press release Thursday February 25, 2021 21:11 by Zachary Conti
A UN experts report offers 14 recommendations to stop the loss of trillions in public revenues. The UN group argues that money lost to transnational crime, corruption and tax avoidance could be used to address the pandemic, poverty and climate change. read full story / add a comment
international / economics and finance / press release Wednesday February 24, 2021 21:27 by Zachary Conti
More than 215 organizations sent a letter to the G20 and IMF to issue $3 trillion in global reserves, known as Special Drawing Rights (SDRs). Spanning the globe, the signers argue that SDRs will help countries suffering from the coronavirus crisis and, "send a strong signal of renewed multilateral coordination..." read full story / add a comment
international / economics and finance / press release Monday January 25, 2021 14:20 by Zachary Conti
World leaders, including Pope Francis, UN General Secretary António Guterres and the IMF's Kristalina Georgieva, gather for a high-level climate summit hosted by the Netherlands through Tuesday. read full story / add a comment
international / economics and finance / news report Friday November 13, 2020 14:20 by Zachary Conti
G20 finance ministers held an extraordinary meeting and announced further plans on debt reduction for developing countries affected by the COVID-19 economic crisis. read full story / add a comment
international / economics and finance / press release Wednesday October 14, 2020 22:00 by Zach Conti
G20 finance ministers agreed to extend debt payment relief for the 73 poorest countries and, in principle, to have a common framework to cancel debts. The G20 Finance Ministers and Central Bank Governors met on global COVID-19 response plans ahead of the Annual IMF and World Bank Meetings. read full story / add a comment
international / economics and finance / press release Tuesday September 29, 2020 19:59 by Zach Conti
Presidents, prime ministers and world leaders focused on solutions for the global economic crisis spurred by the coronavirus at a virtual United Nations meeting. read full story / add a comment
international / economics and finance / press release Friday September 25, 2020 21:38 by Zach Conti
The G7 supports a process for debt cancellation for vulnerable countries, they announced this morning after Treasury convened a special Finance Ministers meeting. read full story / add a comment |
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