... particular, the sum of all of the resources of regional development banks is notably above those of the World Bank, while the sum of the resources of the Regional Financial Arrangements (RFAs) exceeds the resources of the International Monetary Fund (IMF). Incorporating the stimulus regional IFIs into the package of global anti-crisis measures will enable the world community to make a full use of all of the potential resources of the Global Financial Safety Net (GFSN).
Thus far, however, there is ...
The IMF and World Bank are becoming too rigid, and they do not seem to be fit for purpose in the 21st century
In an unprecedented development, the then-Chief Executive of World Bank, and now International Monetary Fund (IMF) Managing Director Kristalina ...
... concerning international economic policy coordination.
The need for greater synchronicity in the global economy arises across several trajectories:
· Greater synchronicity in the anti-crisis response across countries and regions – according to the IMF it is a coordinated response that renders economic stimulus more efficacious in countering the global downturn
· Synchronicity in the withdrawal of stimulus across the largest economies – absent such coordination the timing of policy normalization ...
... global economy has fallen into the trap of a "new abnormality," where incessantly creating money does not solve pressing socioeconomic problems
There is reason to believe that the coronavirus will not be going anywhere soon. What is more, IMF experts warn that problems that existed before the pandemic
will only worsen
in the coming decades. One of these problems is the state of the global financial market, which is more susceptible to all kinds of financial bubbles than ever before.
When ...
The IMF’s diagnosis was that of a “synchronized slowdown” across the globe with the Fund revising its growth projection for global economic growth downwards and putting the 2019 growth estimate at the lowest level since the 2008-2009 financial crisis
...
... Kobayashi, Manuel A.J. Teehankee:
The AIIB’s Launch Sets the Stage for Supply-
Side Competition in Development Finance
The scope of AIIB’s activities is somewhat restricted by the existence of large global and regional actors, such as the IMF, the Asian Development Bank, the World Bank, and the OECD. The United States and Japan have met the emergence of the new institution with the strongest skepticism because of its perceived threat to their interest in Asia. Both nations, which are among ...
... until 2005, is was practically unheard of to analyse the level of oil prices at which the state budget would break even in public discussions and policy documents. Against the backdrop of falling oil prices in 2008, the International Monetary Fund (IMF) published its first
report
, which revealed the break-even price levels for the major oil and gas producing states in the Middle East, the Maghreb and Central Asia.
Is was practically unheard of to analyse the level of oil prices at which the state ...
Political or Economic Decision?
In late November 2015, the International Monetary Fund (IMF) Executive Board
decided
to include the Chinese renminbi in the reserve currency basket.
According
to IMF Managing Director Christine Lagarde, this is a recognition of the progress that the Chinese authorities have made in recent years to reform ...
... alternative to the international bodies that form the core of the modern economic order set up in 1944 at the Bretton Woods conference. Is the BRICS enough muscular to revise the existing economic system by establishing a competitive alternative to the IMF and the World Bank as well as by offering a new monetary system that better reflects the global balance of forces?
The BRICS New Financial Lever at Work
The NDB was established to mobilize resources for infrastructural projects across the world.
The ...
... is more in its favour. There are different views about what the BRICS members are looking to gain from developing cooperation within the organization:
1) To destroy the dominance of the United States and its allies in the International Monetary Fund (IMF) over the global financial system (the political version):
The idea of challenging the hegemony of the United States was originally attributed to Russia. Moscow became the catalyst for the formation of the BRIC community towards the end of the 2000s....
