Tag Archives : IMF

One of the foremost social networking services on the Internet and perhaps the most visited website in the world, Facebook, apart from amassing a vast user base of some 700 million users has now become a hotbed for malware scams on just about every profile. As per a recent report released by the antivirus developer, Sophos, the current ongoing malware [...]

Because of the global recession that is said to affect the world’s poorest the most, the International Monetary Fund is in focus once again. The crisis has brought it back from the dead. ‘Two years ago the world’s main international economic institution was heading for irrelevance, its homilies ignored by rich countries, its advice despised in [...]

The G20 meeting is being held in Pittsburgh, US for a two day long summit. This meeting could be a fruitful and an anticipated one for many emerging nations. There could be a shift in the voting powers of the emerging nations. The IMF being a 186 member-states organization is mainly dominated by the US and the European Nations. Simon Johnson, former [...]

Another G20 summit coming up, another potentially missed opportunity to talk about the really crucial talking points such as China. In the attempt of rich countries ‘to put the world to rights in a trendily broad and inclusive way’ on the way to the up and coming International Monetary Fund summit in Istanbul, talks might once again fall on the [...]

Serbia has suffered for long on account of both its history and geography. Now it is suffering yet again due to its own economy and impact of global recession. One would rarely find any other nations in Europe like these former Yugoslavian breakaway nations – they never seem to recover and heal completely. First wars and genocides killed people [...]

The term Third World should not be based on any political or economic criteria. Whose arbitrary criteria are those, anyway? But there may be common characteristics today, post-Cold War, among so-called ‘Third World’ countries. The aggregate term ‘Third World’ has come to mean: 1. The demand and receipt of foreign aid (more aptly called Western [...]

International Monetary Fund has warned that the current global recession may last longer than anticipated. The adverse effects are severe and the recovery is extremely sluggish and slow. IMF has predicted that this global economic crisis is the first of its kind in 60 years and the world economy is on the decline by almost 0.5 percent to 1.0 percent [...]

The third largest economy in the world will benefit from most of the decisions taken during the London summit of the G-20. The greatest victory belongs to Chinese President Hu Jintao. The logic is simple: it pays to be ‘Made in China.’ G-20 plans to revive international trade, particularly devoting $250 billion to finance new global trade transactions. [...]

The number of active ‘toxic assets’ in the balance sheet of banks around the world could reach $4 trillion, according to new forecasts to be issued by the International Monetary Fund (IMF). The institution headed by Dominique Strauss-Kahn estimated in January that US-originated assets could decline to $2.2 trillion by the end of next year. In its [...]

British Prime Minister Gordon Brown announced that the agreements resulting from the G-20 summit in London are not about mere words but a global plan of action to end the currently raging world recession. The immediately pledged measures from the world’s richest economies total $1 trillion. Some of the measures include: increasing the resources of [...]