10 Countries Most In Debt To The IMF
Using data from the International Monetary Fund on Total IMF Credit Outstanding, the 10 countries most in debt to the IMF are listed here, with Argentina and Egypt topping the list. The International Monetary Fund (IMF), which was founded in 1944, offers financial assistance and policy recommendations to nations to promote stability, productivity, and employment […]
The Top 10% Are The Main Beneficiaries Of Globalization, Says Study
According to a study by the International Monetary Fund published in The Journal of Economic Inequality, the top 10% are the main beneficiaries of globalization. The previous 50 years of economic globalization have resulted in a significant increase in the income of many people worldwide. These gains in income are not evenly distributed, though. According […]
Argentina Rejects Sovereignty And Falls Into IMF’s Debt Trap
Argentina has fallen into the IMF’s debt trap, rejecting sovereignty. At the moment, Argentina uses nearly all of its foreign exchange profits to settle its external debt. Argentina gets into IMF’s debt pit In Argentina, ultra-liberal economist Javier Milei became victorious in the run-off for president. With 55.8% of the vote, he won. His opponent, […]
IMF Tells Ukraine To Collect More Taxes
IMF chief Gavin Gray told NV Business on Monday that Ukraine needs to collect more taxes since Ukraine will require additional tax revenue to pay for its increased social expenditures after the war ends. The head of the International Monetary Fund (IMF) mission in Ukraine has cautioned that Ukraine must find methods to finance itself […]
International Monetary Fund ‘Working Hard’ On A Global Central Bank Digital Currency Platform
International Monetary Fund Managing Director Kristalina Georgieva stated that the IMF is “working hard” on a global central bank digital currency platform. The International Monetary Fund (IMF) is “working hard” on a “global CBDC (Central Bank Digital Currency) platform,” the IMF managing director announced Monday. “If we are to be successful, CBDCs could not be […]
IMF Launches UMU Central Bank Digital Currency
UMU, the Central Bank Digital Currency, has been launched. Although the IMF has not officially endorsed UMU, George Walker, a partner at Practus, LLP, noted that the organization had not raised objections to its foreign exchange premium rates or its monetary sovereignty approach.
Lebanon To Devalue Currency By 90% On Feb. 1, Central Bank Chief Says
According to central bank chief Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on February 1, which will devalue the currency by 90%.
List Of Countries Most In Debt To China
Chinese loans have shorter repayment terms and higher interest rates than bilateral loans from Paris Club nations or loans from international organizations like the World Bank or the International Monetary Fund. This is the list of Countries that are most in debt to China.
Why The IMF Hates Bitcoin
The chief strategy officer of the Human Rights Foundation, a pro-Bitcoin NGO, said that the reason why the IMF hates bitcoin is that it is an outside currency that’s beyond the control of alphabet soup organizations.
Pakistan Asks For IMF Bailout To Avoid Imminent Collapse
Pakistan has asked for IMF bailout to avoid an imminent collapse. In contrast to many African and South American countries, a collapse in Pakistan might have global consequences.