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international / economics and finance / press release Tuesday March 30, 2021 16:16 by Zachary Conti
International Monetary Fund head Kristalina Georgieva warned of an uncertain global recovery as the world struggles with the COVID spurred economic crisis. The IMF Managing Director stated concern that average incomes in developing countries faced drops of 20% and 11% in advanced economies. "This loss of income means millions of people will face destitution, homelessness, and hunger," reported Georgieva during her curtain raiser speech ahead of the Spring IMF and World Bank meetings. read full story / add a comment
international / economics and finance / press release Friday February 26, 2021 21:19 by Zachary Conti
G20 finance ministers met Friday to discuss global coronavirus response. The group endorsed continuing stimulus plans in wealthy countries and supporting plans to increase aid and vaccine access for developing countries. read full story / add a comment
international / economics and finance / press release Thursday February 25, 2021 21:11 by Zachary Conti
A UN experts report offers 14 recommendations to stop the loss of trillions in public revenues. The UN group argues that money lost to transnational crime, corruption and tax avoidance could be used to address the pandemic, poverty and climate change. read full story / add a comment
international / economics and finance / press release Wednesday February 24, 2021 21:27 by Zachary Conti
More than 215 organizations sent a letter to the G20 and IMF to issue $3 trillion in global reserves, known as Special Drawing Rights (SDRs). Spanning the globe, the signers argue that SDRs will help countries suffering from the coronavirus crisis and, "send a strong signal of renewed multilateral coordination..." read full story / add a comment
international / economics and finance / press release Monday January 25, 2021 14:20 by Zachary Conti
World leaders, including Pope Francis, UN General Secretary António Guterres and the IMF's Kristalina Georgieva, gather for a high-level climate summit hosted by the Netherlands through Tuesday. read full story / add a comment
international / economics and finance / news report Friday November 13, 2020 14:20 by Zachary Conti
G20 finance ministers held an extraordinary meeting and announced further plans on debt reduction for developing countries affected by the COVID-19 economic crisis. read full story / add a comment
international / economics and finance / press release Wednesday October 14, 2020 22:00 by Zach Conti
G20 finance ministers agreed to extend debt payment relief for the 73 poorest countries and, in principle, to have a common framework to cancel debts. The G20 Finance Ministers and Central Bank Governors met on global COVID-19 response plans ahead of the Annual IMF and World Bank Meetings. read full story / add a comment
international / economics and finance / press release Tuesday September 29, 2020 19:59 by Zach Conti
Presidents, prime ministers and world leaders focused on solutions for the global economic crisis spurred by the coronavirus at a virtual United Nations meeting. read full story / add a comment
international / economics and finance / press release Friday September 25, 2020 21:38 by Zach Conti
The G7 supports a process for debt cancellation for vulnerable countries, they announced this morning after Treasury convened a special Finance Ministers meeting. read full story / add a comment
international / economics and finance / press release Friday September 18, 2020 20:06 by Zachary Conti
The Federal Emergency Management Administration will award $13 billion in Puerto Rico disaster aid to rebuild the power grid and education facilities, announced the White House. The announcement comes near the three-year anniversary of Hurricane Maria slamming the island, taking 3000 lives and causing more than $100 billion in damage. read full story / add a comment
international / economics and finance / press release Tuesday September 08, 2020 20:19 by Zachary Conti
IMF Announces Access to Global "SDRs" Reserve read full story / add a comment
international / economics and finance / press release Wednesday August 19, 2020 14:53 by Zachary Conti, zach@jubileeusa.org
World Bank President David Malpass called for debt cancellation for poor countries struggling with the coronavirus, in an interview he gave to The Guardian. read full story / add a comment
international / economics and finance / press release Monday August 17, 2020 20:33 by Zachary Conti, zach@jubileeusa.org
Treasury Secretary Steven Mnuchin convened G7 Finance Ministers, the International Monetary Fund and the World Bank to coordinate responses to the COVID-19 pandemic. In April, the G7 supported the G20 to implement a plan to suspend debt payments for the 73 poorest countries in the world through 2020. read full story / add a comment
international / economics and finance / press release Saturday July 18, 2020 20:46 by Zach Conti, zach@jubileeusa.org
Chaired by Saudi Arabia, G20 Finance Ministers met virtually and focused on the global health and economic impacts of the coronavirus. A communiqué issued by the Ministers suggested most decisions on the crisis will be made later in the year. read full story / add a comment
international / economics and finance / press release Thursday July 16, 2020 22:00 by Zachary Conti, zach@jubileeusa.org
Ahead of Saturday's G20 Finance Minister meetings, a wide range of 213 organizations is pressing for more action to confront the global health and economic impacts of the coronavirus. The largest religious bodies in the United States and Africa were joined by the biggest labor unions, human rights, environmental and anti-poverty groups in letters sent to the G20, IMF and White House. read full story / add a comment
international / economics and finance / news report Wednesday July 08, 2020 21:41 by Zachary Conti, zach@jubileeusa.org
The G20 and Paris Forum convened a global virtual High-Level Ministerial conference for 39 countries focused on the economic, debt and development impacts of the coronavirus. read full story / add a comment
international / economics and finance / press release Thursday June 04, 2020 20:28 by Zachary Conti
Amidst questions of upcoming G7 meeting dates and which countries are participating, G7 Finance Ministers met virtually about economic issues related to the COVID-19 pandemic. The G7 meeting focused on aid, debt and transparency issues affecting developing countries impacted by the coronavirus. read full story / add a comment
national / economics and finance / other press Sunday May 31, 2020 01:55 by 1 of indy
It's not often, in fact never that Indymedia agrees with Michael O’Leary but in this case we do because the whole pandemic is a hoax. Now some people might think this now means that we agree with everything he had ever said, is saying and will ever say in the future. And it is not. We value our freedom and liberty first and foremost rather than submit to police state controls which have been clearly laid out. We don't agree that if Micheal O'Leary says lift the lockdown then we must automatically say the opposite but that is how people will expect us to think. However given this pandemic is a hoax it means the forces at work are far far bigger than Micheal O'Leary so he is not likely to get his way. In fact the era of tourism for the masses may have come to abrupt permanent end last March for all we know. read full story / add a comment 
international / economics and finance / feature Friday May 22, 2020 00:01 by 1 of indy
 3 comments (last - thursday july 23, 2020 20:35)  5 images 1 attached file
Prof Neil Ferguson who was the chief advisor to the UK government in the lead up to the Covid lockdown and was instrumental in bringing it about based his advice on the output of his own undocumented computer code he wrote 13 years ago. In the initial stages of the crisis his "model" predicted 500,000 deaths in the UK from Covid. Then a short time later, he revised his figures sharply downward and said his model now predicted to 20,000 deaths. This incidentally is the same number of deaths from flu in the UK in a typical year. So it appears to be the case that the UK has committed economic suicide based on software that no-one else could inspect in advance nor was there any independent verification. To make decisions based on this type of methodology is nothing short of criminal. And we haven't even got to the assumptions used which obviously are on equally shaky ground given one day the model was predicting 500,000 dead and then when obviously some level of correction was done, it was then only 20,000. read full story / add a comment
international / economics and finance / news report Saturday May 16, 2020 02:44 by Kate Zeller
As the global coronavirus death toll tops 300,000 people, the leaders of the World Health Organization (WHO) prepare to hold their leadership meetings virtually from May 18th - 19th
Indy Editor Note: Numbers need to be put in context. By the WHO's own figure up to 650,000 people die worldwide per year.
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