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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

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Human Rights in Ireland
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Lockdown Skeptics

The Daily Sceptic

offsite link Police Federation Boss Sacked After Challenging Woke Police Culture Sat Apr 26, 2025 13:00 | Will Jones
Rick Prior, the?head of the Metropolitan Police Federation, who represented 30,000 officers in the capital,?has been sacked after warning last year that members were concerned about being labelled racist.
The post Police Federation Boss Sacked After Challenging Woke Police Culture appeared first on The Daily Sceptic.

offsite link Australia?s Conservatives Are Paying the Price of Kowtowing to the Left Sat Apr 26, 2025 11:00 | Dr James Allan
As the Australian Right-of-centre Liberal party stares down the barrel of another election defeat, it's further proof, says Professor James Allan, that there are no prizes for conservatives who kowtow to the Left.
The post Australia’s Conservatives Are Paying the Price of Kowtowing to the Left appeared first on The Daily Sceptic.

offsite link The WHO?s Pandemic Treaty Consolidates the Pandemic Preparedness Scam Sat Apr 26, 2025 09:00 | Dr David Bell
The WHO's new Pandemic Agreement, set to be agreed next month, consolidates the pandemic preparedness scam, says Dr David Bell. Built on a heap of falsehoods about the true health risks humanity faces, it must be rejected.
The post The WHO’s Pandemic Treaty Consolidates the Pandemic Preparedness Scam appeared first on The Daily Sceptic.

offsite link Ed Miliband is Now the UK?s Major Source of Net Zero Disinformation Sat Apr 26, 2025 07:00 | Tilak Doshi
Ed Miliband's brazen claim that UK electricity prices are high because of gas ? even though over half the cost comes from renewables charges ? confirms him as the UK's major source of Net Zero disinformation.
The post Ed Miliband is Now the UK’s Major Source of Net Zero Disinformation appeared first on The Daily Sceptic.

offsite link News Round-Up Sat Apr 26, 2025 00:32 | Toby Young
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? 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 Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Global Growth Remains Low Amidst Debt Concerns, War and Inflation, Says IMF

category international | economics and finance | press release author Thursday April 06, 2023 21:05author by Jubilee USA Network Report this post to the editors

Global Growth Remains Low Amidst Debt Concerns, War and Inflation, Says IMF

The challenges to the global economy and slow economic growth will continue this year, said IMF Managing Director Kristalina Georgieva. Delivering her traditional “curtain raiser” speech before the opening of the IMF and World Bank Spring meetings, she anticipated a 3% growth this year, below 3.4% last year.

“The IMF is reporting bad news for wealthy and poor countries,” said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. LeCompte monitored IMF policies for more than a decade. “The vulnerable are struggling with the pandemic, inflation and rising food prices.”

For the poorest countries, the IMF chief sees higher debt payments and lower demand for what they export. This could fuel further hunger and poverty increases.

Sixty percent of low-income countries and a quarter of emerging economies are at or near debt crises. Since February the IMF initiated, alongside the Indian Presidency of the G20 and the World Bank, a Global Sovereign Debt Roundtable to resolve disagreements that stall debt relief processes.

“While more countries face debt crises, we still don't have a fully functioning debt relief process,” noted LeCompte. "Developing countries need debt relief and access to more resources."

Georgieva called for donor countries to address funding shortfalls so the IMF maintains capacity to provide interest-free loans to the poorest members.

Watch the curtain-raiser speech here:
https://www.imf.org/en/live?_slide=CR-SM23

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