Search: World Bank (13 materials)

 

A “Synchronized Downturn” Calls for a “Synchronized Response”

... 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 This year’s Annual meetings of the IMF and the World Bank in Washington DC revealed a growing preoccupation with the mounting signs of a slowdown in the world economy. The IMF’s diagnosis was that of a “synchronized slowdown” across the globe with the Fund revising its growth projection for ...

04.12.2019

Aggregation in Global Governance: Making Use of Short-Cuts

... “Quad”, which was meant to represent the largest players as representatives of the developed and the developing world – China and India from the Global South and the US and the EU from the advanced economies. Another example is the IMF and the World Bank, where the votes of individual countries are aggregated into larger constituencies (chairs). In many cases the choice of the basis for the aggregation may appear to be arbitrary or based on outdated patterns. Basing the aggregation process ...

28.01.2019

Bilateral deals could trump BRICS game

At the four nation "BRIC" summit in Ykaterinburg in 2009 the group buzzed up an ambitious agenda that moved the Sorosistas and other predatory speculators to take profits by betting against the dollar. These items included the need for a new reserve currency to countervail the dollar, launching a collective economic security arrangement to mediate global affairs, and calling for the reform of international financial institutions so that they fully respect the institution of social inclusion...

04.12.2016

Refugees and Realpolitik

... the international financial community that populism is not a threat? Christine Lagarde of the International Monetary fund noted recently that the current spate of populism and nationalism do not pose a threat to globalization. Jim Kim, boss of the World Bank, served up a similar message at the semiannual meeting of that organization. Stanley Fischer, the deputy chairman of the U.S. Federal Reserve, meanwhile, has long viewed populism as a threat to the global economy, in one instance calling ...

12.10.2016

Putin’s self-destructing economy

... subsequent projections of growth resuming later this year also look unrealistic. Both the international financial institutions and Russia’s economic ministry now agree that the economy will not grow in 2016; the International Monetary Fund and the World Bank projected a 0.6 percent decline in December, while last week Russian authorities said they expected a 0.8 percent contraction. Nonetheless, the current consensus is that the economy will resume expanding in 2017. If that indeed happens,...

20.01.2016

Remnants of Bretton Woods or a New Brick in its Foundation?

New Development Bank and the Reserve Currency Pool Many observers see the establishment of the New Development Bank (NDB) and the Reserve Currency Pool as a BRICS-led challenge to the International Monetary Fund and the World Bank, while the emergence of new financial stabilization mechanisms and development institutions appears to augment and strengthen rather than threaten the existing monetary and credit system. The most prominent event of the 7th BRICS summit took ...

05.08.2015

BRICS and food security

... the “have nots.” But is his post of global voluntarism really what “food security” is all about? It smarts of the fuzzy global governance logic inherent in the “Kickstarter” approach Moon and his allies at the World Bank, NGOs and other Western interests used in an effort to raise funds for the Ebola crisis. But that effort did not achieve Moon's ambitious funding goals. Most of the heavy lifting and educating has been done by the US Africa Command....

08.05.2015

Disease and Diplomacy. Tuberculosis as a political weapon.

... newspaper and online publication "The Miami Herald" noted that the American online zine www.politifact.com has named the Ebola Scare as the 2014 "Lie of the Year." The Obama administration, the U.S. Centers for Disease Control, the World Bank led by an America, and UN Secretary General Ban Ki Moon and big name NGOs all supported the "Ebola Scare" saying that over $20 billion was needed immediately to contain the outbreak during the next 18 months." Their effort faltered....

20.12.2014

Diplomacy and hegemony in the “Horn of Africa”

In what is being branded as an effort to provide palliative assistance to reduce hunger and boost democracy building living standards Jim Yong Kim, president of the World Bank and Ban Ki Moon, secretary general of the United Nations, have launched a plan that expands the strategically significant “Horn of Africa” to encompass 18 percent of the total continent. Their recent trip to Addis Ababa and Mogadishu ...

17.11.2014
 

Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
 
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