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Keyword: imf

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  • International Monetary Fund (IMF): Crypto not ‘fringe’ anymore, link to stocks may pose systemic risks

    01/12/2022 9:17:44 PM PST · by SeekAndFind · 1 replies
    Yahoo Finance ^ | 01/12/2022 | Jennifer Schonberger, Senior Reporter
    The International Monetary Fund is warning there is a growing connection between cryptocurrency and financial markets, which poses risks to the financial system. In a report, the international body says digital assets are no longer on the “fringe” of the financial system. Given their high volatility, the rising correlation between cryptocurrencies and stocks could soon pose risks to financial stability— especially in countries that have adopted digital units. “The correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification benefits and raises the risk of contagion across financial markets,” the IMF wrote....
  • Tunisia in 'advanced talks' with Saudi Arabia, UAE for financial aid

    10/27/2021 9:36:25 AM PDT · by SunkenCiv · 7 replies
    Middle East Eye ^ | 17 October 2021 | MEE and agencies
    Tunisia’s Central Bank is in “advanced talks” with Saudi Arabia and the United Arab Emirates (UAE) to obtain financial aid for the cash-strapped country, a senior banker has confirmed. Abdelkarim Lassoued, the head of financing and foreign transactions at the Tunisian regulator, told local Shams FM radio on Friday that an agreement with the two Gulf states may be reached soon. He added that talks with the International Monetary Fund (IMF) were also ongoing, without giving details on the amount of aid being discussed. The North African country has seen years of political deadlock since its 2011 revolution, with fractious...
  • IMF Issues Global Stagflation Alert: Cuts Global GDP As It Warns Of Rising Inflation And “Dangerous Divergence”

    10/12/2021 7:29:25 AM PDT · by blam · 2 replies
    Zubu Brothers ^ | 10-12-2021
    In its latest World Economic Outlook report published on Tuesday morning, the International Monetary Fund voiced its starkest caution about stagflation yet, warning that the global economic recovery has lost momentum and become increasingly divided, even as it warned about rising inflation risks. The fund warned threats to growth had increased, pointing to the delta variant, strained supply chains, accelerating inflation and rising costs for food and fuel. As a result, the IMF trimmed its global growth forecast and now expects world GDP to rise 5.9% this year, down 0.1% from what it anticipated in July and a bounce from...
  • Elites at the IMF Suggest Banks Will Soon Be Using More than Credit History When Underwriting Consumer Loans

    09/24/2021 6:16:31 PM PDT · by EBH · 33 replies
    Gateway Pundit ^ | 9/23/2021 | Joe Hoft
    Now elites at the International Monetary Fund (IMF) have posted research on their site describing a social score used to rate your ability to apply for a loan. In the not-too-distant future, your internet habits could help determine how much house you can buy and the rate on your next auto loan. Sounds ridiculous? Right now, your credit score — that three-digit number that tells lenders how responsible you are — is based on simple financial information, like your payment history and debt level. But research posted to the International Monetary Fund (IMF) website suggests companies will soon be looking...
  • World Bank Abandons Its ‘Doing Business’ Report After Probe Finds IMF Boss Cheated To Make China’s Ranking Higher

    09/16/2021 9:27:35 AM PDT · by SeekAndFind · 12 replies
    Nation and State ^ | 09/16/2021 | Tyler Durden
    The World Bank Group today released the findings of its probe into data irregularities discovered in 2018 and 2020 reports; and along with those findings, it confirmed that it will be discontinuing 'Doing Business' reports.Specifically, Bloomberg reports that International Monetary Fund Managing Director Kristalina Georgieva was cited by the World Bank in the probe....“The changes to China’s data in Doing Business 2018 appear to be the product of two distinct types of pressure applied by bank leadership on the Doing Business team,” the World Bank said in a report Thursday.The bank cited “pressure applied by CEO Georgieva and her advisor,...
  • Exiled Afghan Central Bank Chief Warns Taliban Will Wreck Economy -- But Will Crypto Keep The Regime Afloat?

    08/23/2021 11:50:23 AM PDT · by SunkenCiv · 28 replies
    Benzinga ^ | Monday, August 23, 2021 | Phil Hall
    In an interview with Bloomberg, Ajmal Ahmady, governor of Da Afghan Bank, observed the majority of the central bank’s more than $9 billion in assets were frozen by the U.S. following the fall of Kabul to Taliban forces...Last week, the International Monetary Fund said the Taliban has been prevented from accessing reserve assets worth about $500 million. Afghanistan functions primarily as a cash economy, but the Afghani, the nation's currency, is not accepted for cross-border trade, while an informal transfer system known as hawala doesn’t function efficiently in a modern financial environment.Ahamdy predicted the Taliban will “probably try to go...
  • Your Credit Score Should Be Based on Your Web History, IMF Says

    08/19/2021 5:12:57 PM PDT · by algore · 47 replies
    With more services than ever collecting your data, it’s easy to start asking why anyone should care about most of it. This is why. Because people start having ideas like this. In a new blog post for the International Monetary Fund, four researchers presented their findings from a working paper that examines the current relationship between finance and tech as well as its potential future. Gazing into their crystal ball, the researchers see the possibility of using the data from your browsing, search, and purchase history to create a more accurate mechanism for determining the credit rating of an individual...
  • The Authoritarian Rule & The Post-2032 Hope

    08/02/2021 6:12:34 PM PDT · by bitt · 10 replies
    armstrongeconomics.com ^ | 8/2/2021 | MARTIN ARMSTRONG
    Based upon reports from inside several governments, the IMF has been directing all central banks to terminate paper money by 2022 and move to digital currencies. The real motive here is to terminate the underground economy and to ensure that everyone is 100% taxed as they determine. This has been the driving force behind the shift toward tangible assets with real estate, collectibles, and equities rising. This has been capital trying to get off the grid. One house on the beach I am personally aware of sold for $1.2 million in 1992 is up for sale now at $7.8 million....
  • Regime Change: Francis Becomes Biden's Altar Boy

    05/16/2021 4:56:51 PM PDT · by ebb tide · 6 replies
    Gloria TV ^ | May 16, 2021 | Gloria TV
    Regime Change: Francis Becomes Biden's Altar BoyFrancis received on May 15 John Kerry, the special Climate Envoy of Biden's woke regime, who visited the Vatican for a closed-door conference on the same day about “Dreaming of a Better Restart.”"Restart" seems to have replaced the ominous "reset." Participants included the finance ministers of Mexico, Germany, France, Spain, Italy and Argentina, left-wing economists, and the heads of the World Bank, the African Union, the Rockefeller Foundation and the International Monetary Fund.A flattering Kerry told VaticanNews.va that he met Francis because he is a “moral authority on the subject of climate crisis” and...
  • Senior Biden Administration Officials Participating in High-Level Vatican Conference on Friday

    05/13/2021 6:11:03 PM PDT · by ebb tide · 16 replies
    National Catholic Register ^ | May 13, 2021 | Edward Pentin
    Senior Biden Administration Officials Participating in High-Level Vatican Conference on FridayVATICAN CITY — U.S. Treasury Secretary Janet Yellen, President Biden’s climate envoy John Kerry, and the heads of the IMF, World Bank, and African Union will be taking part in a high-level Vatican conference on Friday on the theme “Dreaming of a Better Restart.” Hosted by the Pontifical Academies of Sciences and Social Sciences, the one-day meeting, which includes the participation of finance ministers from the US, France, Spain, Germany, Italy, Mexico, and Argentina, aims to build on recent inter-governmental efforts to combat inequality, climate change, and hunger following...
  • Michigan Congressman Bill Huizenga, a Republican, made this video

    01/23/2021 5:24:17 PM PST · by TigerClaws · 21 replies
    A brave Democrat speaks out. Stimulus money for Iran, Syria, China, and Russia?
  • IMF wonk advocates lowering your credit score if you commit web browsing ThoughtCrime, Use the Brave Browser

    12/22/2020 8:09:09 AM PST · by CharlesOConnell · 14 replies
    self
    It wouldn't be individual no-no thought crime sites, it will be broad data registries of dissident, forbidden sites. They'll follow China's pioneering Redlight-YellowLight-GreenLight social conformity app without which you can't even go outside. Winston Smith thought he could evade the spy TV without an off switch, they were watching him the whole time. The Brave browser automatically uses the anonymous StartPage browser, but that's easily hacked & cracked. Just go off the grid. We'll have to stop using money. Americans before 1880 weren't wage slaves, they were taught to be self-employed small farmers who only bartered a little. Remember that...
  • IMF Proposes Punishing Dissidents by Lowering Their Credit Score if They Go to Bad Websites

    12/19/2020 4:56:49 PM PST · by CheshireTheCat · 42 replies
    Big League Politics ^ | December 18, 2020 | Shane Trejo
    A new white paper from the globalist International Monetary Fund (IMF) is calling for dissidents to have their credit score lowered if they view websites that are arbitrarily deemed to be harmful. The plan is outlined in a blog written by Arnoud Boot, Peter Hoffmann, Luc Laeven and Lev Ratnovski. They are pitching the Orwellian notion as a breakthrough in financial technology (Fintech). “Recent research documents that, once powered by artificial intelligence and machine learning, these alternative data sources are often superior than traditional credit assessment methods,” they wrote, claiming that “the type of browser and hardware used to access...
  • China: In the end, the Big Loser

    07/26/2020 10:27:25 AM PDT · by libh8er · 12 replies
    Telegraph Online ^ | 7.26.2020 | Paran Balakrishnan
    Many Indians thought former BBC journalist Humphrey Hawksley was being overly alarmist when he wrote the thriller Dragon Fire two decades ago about a war pitting China and Pakistan against India that ended apocalyptically with nuclear devastation. Hawksley, a veteran Asia hand, said his fiction was meant not just to entertain but also be a warning that China was expansionist and was a one-party state whose government had to prove itself to survive. Since then, though, we’ve seen China offering a different narrative in which global economic diplomacy was its choice weapon. The Chinese have been busy proving they’re responsible...
  • IMF and World Bank Announce Unprecedented Debt Cancellation Programme to Address COVID-19 Pandemic

    04/15/2020 4:40:05 PM PDT · by dynachrome · 25 replies
    imf2020.org ^ | 4-15-20 | IMF
    We are moving forward with a new process that will immediately cancel the debt of the 27 countries facing debt distress. Additionally, all 76 of the World Bank's International Development Association (IDA) countries will receive full debt cancellation. All developing countries categorized either as Middle Income Countries or Low Income Countries who face high debt vulnerabilities will see a full cancellation of debt. In total, this new process will apply to 111 countries. These countries will receive full cancellation of all debts as they wrestle with the COVID-19 Pandemic. ​ The Board noted that this relief should help mitigate disruptions...
  • IMF: Global economy will suffer worst year since Depression

    04/14/2020 7:11:45 AM PDT · by Olog-hai · 8 replies
    Associated Press ^ | April 14, 2020 | Paul Wiseman and Martin Crutsinger
    Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink 3% this year — far worse than its 0.1% dip in the Great Recession year of 2009 — before rebounding in 2021 with 5.8% growth. It acknowledges, though, that prospects for a rebound next year are clouded by uncertainty. The bleak assessment represents a breathtaking downgrade by the IMF. In its previous forecast in January, before...
  • 'Virus at Iran's gates': How Tehran failed to stop outbreak

    03/17/2020 5:42:48 PM PDT · by LibWhacker · 29 replies
    Yahoo! News (AP) ^ | 3/16/20 | John Gambrell
    DUBAI, United Arab Emirates (AP) — Appearing before the cameras coughing and sweating profusely, the man leading Iran's response to the new coronavirus outbreak promised it was of no danger to his country. "Quarantines belong to the Stone Age," Iraj Harirchi insisted. A day later, he himself would be in quarantine from the virus. Harirchi's story is a microcosm of what has happened in Iran amid the coronavirus pandemic. Roughly nine out of 10 cases in the Middle East come from the Islamic Republic, which has reported over 16,000 people infected and at least 988 deaths amid fears that cases...
  • UN, Interpol design 'global policing doctrine'

    10/13/2009 6:16:50 AM PDT · by opentalk · 6 replies · 622+ views
    PressTV ^ | 12 Oct 2009 | PressTV
    The United Nations and Interpol, the global police organization, are poised to become partners in fighting crime by jointly creating an international police force. Interpol, which is financed by 187 member nations, says the "global police doctrine" would allow the deployment of peacekeepers among rogue nations plagued by war and organized crime. "We have a visionary model," said Interpol Secretary General Ronald K. Noble, who described the joint partnership "an alliance of all nations." He suggested that by relying on Interpol's resources, the United Nations would be able to handle international conflicts and transnational crime far better.
  • IMF Says It’s Ready To ‘Mobilize Its $1 trillion Lending Capacity’ To Fight Coronavirus

    03/16/2020 6:12:46 AM PDT · by Enlightened1 · 6 replies
    CNBC ^ | 03/16/20 | Thomas Franck
    The IMF said it “stands ready” to use its $1 trillion lending capacity to help countries that are struggling with the economic impact of the coronavirus.“As a first line of defense, the Fund can deploy its flexible and rapid-disbursing emergency response toolkit,” wrote Kristalina Georgieva, Managing Director of the IMF.The IMF’s announcement comes ahead of what’s expected to be another dismal day on Wall Street despite a move by the globe’s central banks to ease monetary policy. The International Monetary Fund on Monday said it “stands ready” to use its $1 trillion lending capacity to help countries around the world that are struggling with...
  • Ukraine president jettisons PM in search for 'new brains' to revive economy

    03/04/2020 11:32:43 AM PST · by yesthatjallen · 7 replies
    Reuters ^ | 03 04 2020 | Pavel Polityuk, Ilya Zhegulev
    Ukraine’s president Volodymyr Zelenskiy ousted Oleksiy Honcharuk as prime minister after just six months in a reshuffle on Wednesday, saying that “new brains and new hearts” were required to revive the economy and tackle corruption. At a special parliament session, lawmakers voted to accept the resignation of Honcharuk, 35, who left as Ukraine’s youngest and most short-lived prime minister since independence in 1991. He was replaced by Denys Shymgal, who said his immediate challenge was to stave off an economic and budget crisis. He wanted to revise the 2020 budget, cut the salaries of ministers and some officials, and also...