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Anti-Empire

offsite link Ukraine Buys Huge Amounts of Russian Fue... Fri Jan 20, 2023 08:34 | Antonia Kotseva

offsite link Turkey Has Sent Ukraine Cluster Munition... Thu Jan 12, 2023 00:26 | Jack Detsch

offsite link New Israeli Government Promises to Talk ... Tue Jan 10, 2023 21:13 | Al Majadeen

offsite link Russia Training Iranian Pilots Ahead of ... Tue Jan 10, 2023 15:19 | The Times of Israel

offsite link Lukashenko Abolishes Copyright Protectio... Tue Jan 10, 2023 15:05 | Nikki Main

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Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Climate Change is ?Slowing the Earth?s Rotation? Fri Mar 29, 2024 13:00 | Sallust
If you weren?t already gibbering in your boots at the prospect of devastating climate change, it's time to think again. Apparently, the movement of water from the 'melting icecaps' is slowing the rotation of the Earth.
The post Climate Change is “Slowing the Earth’s Rotation” appeared first on The Daily Sceptic.

offsite link Hancock Fails to Have Bridgen Libel Case Thrown Out Paving Way for Full Trial Fri Mar 29, 2024 11:00 | Sally Beck
Matt Hancock, the ex-Health Secretary, has failed in his bid to have Andrew Bridgen's libel case thrown out after Hancock branded him antisemitic, paving the way for a full trial.
The post Hancock Fails to Have Bridgen Libel Case Thrown Out Paving Way for Full Trial appeared first on The Daily Sceptic.

offsite link DEI Wokery is Swallowing Small Businesses Too Fri Mar 29, 2024 09:00 | C.J. Strachan
It's not only large corporations with hyperactive HR departments that are succumbing to efficiency-sapping wokery, says C.J. Strachan. Small and medium-sized enterprises are being swallowed up by DEI as well.
The post DEI Wokery is Swallowing Small Businesses Too appeared first on The Daily Sceptic.

offsite link Are We Being Gaslit Over the Cause of the Princess of Wales?s Cancer? Fri Mar 29, 2024 07:00 | Melissa Kite
First Charles and then Kate ? it's hard to ignore the soaring cancer rate when two members of the Royal Family are diagnosed within weeks. But are we being gaslit about what's behind the surge, asks Melissa Kite.
The post Are We Being Gaslit Over the Cause of the Princess of Wales’s Cancer? appeared first on The Daily Sceptic.

offsite link News Round-Up Fri Mar 29, 2024 00:04 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the virus and the vaccines, the ?climate emergency? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Moscow attack reminds us of the links between Islamists and Kiev's fundamentalis... Tue Mar 26, 2024 06:57 | en

offsite link Failure to assist a people in danger of genocide, by Hassan Hamadé Tue Mar 26, 2024 06:32 | en

offsite link Yugoslavia March 24, 1999 The Founding War of the New Nato, by Manlio Dinucci Sun Mar 24, 2024 05:15 | en

offsite link France opposes Russian Korean-style peace project in Ukraine Sat Mar 23, 2024 11:11 | en

offsite link Voltaire, International Newsletter N°79 Fri Mar 22, 2024 11:40 | en

Voltaire Network >>

IMF Reports Debt and Human Crises Drive Uneven Growth; Global Stability and Economic Outlook Reports Released

category international | economics and finance | news report author Wednesday April 15, 2015 15:30author by Sophia Har, Jubilee USA Network Report this post to the editors

The IMF issued a report today showing that debt and human crisis are driving inequality and financial instability. Jubilee USA Network calls for the establishment of structures to stabilize the global financial system and to protect low-income communities. The Ebola epidemic clearly demonstrates the need for these structures.

The International Monetary Fund (IMF) released its Global Financial Stability Report, noting "increased financial stability risks" in the global economy. The report notes that large-scale economic shocks are particularly concerning to global stability. It argues that such risks are greatest for countries with high debt levels and that emerging market countries must be prepared for external shocks. Particular concern is raised on the consequences of currency volatility, the shadow financial system and high corporate debt. The report is a follow-up to the IMF's semi-annual World Economic Outlook Report, which noted uneven global growth, particularly among developing economies.

"The IMF recognizes we need global structures to protect us when there's a major crisis," said Eric LeCompte, Executive Director of the religious development organization Jubilee USA Network. "Countries with high debt levels are the most vulnerable to those crises."

The Global Financial Stability Report focuses on the systemic issues that create global economic trends. It notes that debt levels are rising in emerging markets and that increased risks over the past six months are impacting those countries the most. It argues that policy measures are necessary to "contain financial excesses" in global markets and to improve growth.

"The IMF is concerned that inequality persists, especially in the developing world" said LeCompte. "The IMF notes that the key to stability is addressing debt and tax policies that underlie uneven growth."

The latest World Economic Outlook Report, released at the beginning of the IMF / World Bank Spring Meetings, projects the global economy to grow 3.5% in 2015. It notes that growth projections are lower than expected in some regions, including Sub-Saharan Africa. The IMF now projects Africa's growth to be much lower than it did in its October, 2014 report, citing the Ebola epidemic and falling commodity prices. The World Bank projects that Guinea, Liberia and Sierra Leone will lose a combined $1.5 billion due to Ebola in 2015 alone. Meanwhile, $1.3 billion leaves those nations each year due to crime, corruption and tax evasion and the three countries spent more than $80 million paying off debt the year the outbreak began. The year before the disease first took hold in Guinea, that country spent more money on debt than on public health. In February, the IMF announced $100 million in debt relief for the three countries and created a new debt relief trust fund for poor countries in times of crisis.

"Ebola harmed countries that were already struggling due to high debt burdens," noted LeCompte. "We need structures that help the most vulnerable. The IMF's debt relief fund is a good example and a good start."

Jubilee USA Network is an alliance of more than 75 US organizations and 400 faith communities working with 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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