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The Saker
A bird's eye view of the vineyard

offsite link Moveable Feast Cafe 2019/12/09 ? Open Thread Mon Dec 09, 2019 20:00 | Herb Swanson
2019/12/09 20:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link What really happened in Iran? Mon Dec 09, 2019 18:36 | amarynth
By Pepe Escobar – posted with permission A fuel tax hike set the country ablaze and triggered a social backlash On November 15, a wave of protests engulfed over 100

offsite link Operation Condor 2.0 ? Expanded Mon Dec 09, 2019 18:01 | The Saker
by Peter Koenig for the Saker Blog According to US Secretary of State, Mike Pompeo, the US will help ?legitimate governments? in Latin America, in order to prevent protests from

offsite link Let Be Honest About Paracel Islands And Spratly Islands Sun Dec 08, 2019 23:14 | The Saker
by Unorthodox Black Sheep VN for The Saker Blog (Credit: https://www.bbc.com/news/wo... ) I use the image for title By Unorthodox Black Sheep VN Paracel Islands and Spratly Islands are the

offsite link Don?t forget the real root of Brexit: fear of Eurozone economic contagion Sun Dec 08, 2019 23:05 | The Saker
By Ramin Mazaheri for The Saker Blog It?s hard to get the Western mainstream media to discuss Brexit properly: Wikipedia?s timeline doesn?t start until 2016, for some reason, and I?m

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Human Rights in Ireland
A Blog About Human Rights

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Cedar Lounge
For lefties too stubborn to quit

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Dublin Opinion
Life should be full of strangeness, like a rich painting

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Dublin Opinion >>

IMF Warns of Global Financial Crisis Risk

category international | economics and finance | press release author Wednesday April 10, 2019 18:07author by Jubilee USA Network Report this post to the editors

For the second day in a row, the International Monetary Fund raised concerns of pending financial crisis. Ahead of the Spring IMF and World Bank meetings, the IMF released the Global Financial Stability Report, warning of "vulnerabilities" in corporate debt, house values and sovereign (country) debt.

Washington DC - For the second day in a row, the International Monetary Fund raised concerns of pending financial crisis. Ahead of the Spring IMF and World Bank meetings, the IMF released the Global Financial Stability Report, warning of "vulnerabilities" in corporate debt, house values and sovereign (country) debt.

"We are seeing some of same conditions that created the 2008 financial crisis and the IMF worries that we are not doing enough to prevent the next financial crisis," stated Jubilee USA Executive Director Eric LeCompte who monitors IMF reports. "When we review the IMF's analysis, they are looking directly at causes of the 2008 financial crisis, including house values, corporate and country debt and risky financial behavior."

On Tuesday, the IMF released the biannual World Economic Outlook Report noting a global growth slowdown and raising concerns about unsustainable debt, trade tensions and the impact of natural disasters on the financial system. The IMF expressed heightened concerns of looming debt crises and possible financial crisis.

On the heels of the IMF report releases, the IMF and development groups organized a high-level event at the meetings,"Tackling the Next Wave of Sovereign Debt Crises." On Wednesday, world leaders, finance ministers, business leaders, journalists and development groups attend the event at IMF Headquarters.

"In order to prevent financial crisis, we need stronger international and national policies to deal with debt problems, stop risky financial behavior and promote tax and transparency policies that can raise revenue," said LeCompte, one of the organizers of the debt event.

The speakers at the high-level forum include Benin's Finance Minister Romuald Wadagni, the IMF's David Lipton, The Guardian's Larry Elliot, the director of AFRODAD - Fanwell Bokosi and legal experts Lee Buccheit and Odette Lienau. Jubilee USA Network, AFRODAD, Oxfam, Latindadd, Eurodad, Jubilee Debt Campaign (UK), Jubilee Germany and the IMF sponsored the event. In addition to the high-level debt panel, Jubilee USA is also organizing events this week on Somalia, transparency policies and country debt case studies.

Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people.

www.jubileeusa.org

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