Rochester Posted April 11, 2021 Report Share Posted April 11, 2021 1 hour ago, ladyGrace'sDaddy said: Truthfully I wish you were right about people rising up and removing the Luciferians. But for me to believe that I would have to ignore my lack of faith in humanity. For example, I mentioned you in another thread where they are evacuating people from a Caribbean Island where a volcano is erupting. Problem is only those that have gotten vaccinated can leave. In my mind Humanity has lost its humanity. I have always believed the future of the world depended on a few people, a few heroes. I never believed most people were going to save me, or anyone else. Most of us don't have it in us. Most of us, like me, can only be small heroes. But big heroes exist. When I was a kid, I met Haralan Popov, a true hero. He who wrote a book about how the communists tortured him for his Christian faith. (Tortured for his Faith) He talked about it at the church I went to as a kid. He was one of the very rare ones: truly brave, truly a man of faith, truly a hero. I have never lost my faith in humanity because I met a real, true hero. Did he win? Yes. In the end, a few people like Haralan defeated the Soviet Union. Bill Gates and the Globalists, will get their comeuppance. Keep doing what you do, you may end up one of those rare people, who do enough to make a difference, to defeat evil globalists. I am happy being a small ripple, in a big pond. We all have a destiny. 2 3 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted April 11, 2021 Report Share Posted April 11, 2021 I think he knows what he had them put in that vaccine. 2 3 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted April 11, 2021 Report Share Posted April 11, 2021 Gates after all is one of the main architects....Death to 99% of the Global population, long live the 1% is the way Gates sees it. The vast majority of the people I interact with on a daily basis have NO IDEA what’s really going on ( there are a few who do ).They can’t wrap their heads around it, simply not caring or interested. This is what the Globalist count on. 1 1 6 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted April 11, 2021 Report Share Posted April 11, 2021 8 minutes ago, horsesoldier said: Gates after all is one of the main architects....Death to 99% of the Global population, long live the 1% is the way Gates sees it. The vast majority of the people I interact with on a daily basis have NO IDEA what’s really going on ( there are a few who do ).They can’t wrap their heads around it, simply not caring or interested. This is what the Globalist count on. Good to see and know there are people like you that are fully awake to all the crazy evil satanic bs that's been going on. 2 1 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted April 11, 2021 Report Share Posted April 11, 2021 When I refer to the Luciferians, Bill Gates is one of the FIRST to come to mind. No one can be that evil and not know what they're doing. 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted April 11, 2021 Author Report Share Posted April 11, 2021 The Middle East's economic recovery is 'divergent,' IMF's Jihad Azour says 437 views•Apr 11, 2021 3 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted April 14, 2021 Author Report Share Posted April 14, 2021 Post-COVID Economic Challenges and Opportunities in the Caucasus and Central Asia 38 watching now•Started streaming 56 minutes ago IMF What does the path to recovery look like in the Caucasus and Central Asia? What will be the impact of policy responses, underlying fragilities, and the race between the virus and vaccines? How can policies continue supporting the recovery in 2021, while balancing the need for debt sustainability and financial resilience? The Financial Times' Nastassia Astrasheuskaya moderates a discussion with Subir Lall, Natela Turnava, Timur Ishmetov, and Peter Burian on these issues and more from the IMF’s April 2021 Regional Economic Outlook (REO) Update: Middle East and Central Asia. They explore the challenges facing the region and ways in which policymakers can build forward better and accelerate the transition to more inclusive, resilient, and green economies. 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted April 14, 2021 Author Report Share Posted April 14, 2021 IMF Says Asia's Growth May Rebound to 7.6% This Year 1,928 views•Apr 13, 2021 Bloomberg Markets and Finance Apr.13 -- Jonathan Ostry, deputy director for Asia and Pacific at the International Monetary Fund, discusses the outlook for the region's economies and policies amid the coronavirus pandemic. The IMF upgraded its global economic growth forecast for the second time in three months, while warning about widening inequality and a divergence between advanced and lesser-developed economies. It expects growth in Asia to rebound to 7.6 percent this year and 5.4 percent next year. Ostry speaks with Kathleen Hays on "Bloomberg Daybreak: Asia." 1 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted May 22, 2021 Author Report Share Posted May 22, 2021 The International Monetary Fund proposes a $ 50 billion plan to end the Corona pandemic 20:42 - 05/21/2021 The information / Baghdad .. The International Monetary Fund on Friday proposed a $ 50 billion plan to end the Covid-19 epidemic, aiming to vaccinate at least 40% of the world's population by the end of 2021. "Our proposal sets goals and estimates for funding needs and proposes pragmatic action," IMF Director-General Kristalina Georgieva said during the World Health Summit held in Rome within the framework of the G20 meeting. The plan, which looks to a sustainable and long-term global economic recovery, aims to reach at least 60% of the world's population by the end of 2022. The authors of the report indicated that it is now known that there will be no real end to the economic crisis unless the health crisis ends, stressing that it is in the interest of all countries to put a decisive end to the epidemic. “We have been warning for some time about the dangerous disparity in the economic fortunes,” Georgieva said. "It will get worse with the widening gap between the rich countries that have access to vaccines and the poor countries that do not have this ability." In late April, less than 2% of the African population was vaccinated, while more than 40% of the US population and more than 20% of the European population received at least one dose of the COVID-19 vaccine, according to the International Monetary Fund. The Fund prioritizes closing the vaccination gap and putting the world back on the path of growth. Georgieva stressed that the goal is "to help tangibly control the epidemic everywhere for the benefit of everyone." In order to achieve this, the IMF stressed the need to increase contributions to the international Kovacs mechanism, which was established in an attempt to prevent rich countries from accumulating vaccines, but it appears to be ineffective so far. Contributions could be by donating excess doses and ensuring the flow of raw materials and vaccines across borders. The International Monetary Fund reported that the estimated $ 50 billion includes a combination of contributions of at least $ 35 billion, in addition to resources from governments and other forms of financing. 1 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 12, 2021 Author Report Share Posted June 12, 2021 The Group of Seven is considering allocating $100 billion from the IMF to support the recovery from “Corona” archival June 11, 2021 06:00 PM Mubasher: The United States of America and the Group of Seven “ G7 ” countries are considering reallocating $100 billion from the International Monetary Fund to help countries that are more struggling to deal with the “Covid-19” crisis. And the White House said in a statement, today, Friday, that it is scheduled to study this issue during the G7 summit to be held in “Cornwall”, southern England, which relates to the mechanism of recovery from the pandemic. "The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed SDR allocation to countries most in need," the US president's office added. With a volume of up to $100 billion, the proposed effort will support health needs - including vaccines - and help enable a greener and stronger economic recovery in vulnerable countries, and promote a more balanced, sustainable and inclusive global recovery. 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 14, 2021 Author Report Share Posted June 14, 2021 The International Monetary Fund proposes a $50 billion plan to end the Corona pandemic archival June 13, 2021 11:26 PM Mubasher: Kristalina Georgieva, Managing Director of the International Monetary Fund, announced that fund experts recently proposed a $50 billion plan to end the pandemic by vaccinating at least 40 percent of the population in each country by the end of this year, and 60 percent by mid-2022. This came during the conclusion of its virtual participation in the G7 Leaders Summit, according to the Fund's statement on its official website, today, Sunday. "Gorgieva" referred to the Fund's warnings of recovery paths that are diverging in an alarming manner, explaining that the latest data confirm that the matter is not limited to the continuation of this general trend, but rather it is deepening. And she continued, "The immediate priority in this plan is to redirect the excessive doses of vaccine from the advanced economies to the developing countries." The Director of the Fund welcomed the commitment of the Group of Seven to provide one billion doses of vaccine over the next year, which will make a fundamental difference in efforts to combat the pandemic. The fund manager continued: “With regard to the financing of this plan, progress has been made in this regard over the past weeks, and we have emphasized from the beginning the critical importance of grants, and according to our estimates, about a third of this necessary funding has been secured in the form of grants of $35 billion. from public and private sources. And she added, "We are currently working with the World Bank, the World Health Organization, the World Trade Organization and other institutions to form a "war strategies room" - that is, a task force to follow up and accelerate the implementation of this plan. The Director of the Monetary Fund noted the need to enhance productivity and growth, solve the problem of excessive debt burdens, and strengthen economic policy frameworks, otherwise policy makers will face difficult policy choices when it becomes necessary to withdraw policy support gradually and direct it properly in order to support low-income and companies that own viability. Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 14, 2021 Author Report Share Posted June 14, 2021 IMF: We are looking at options to allocate $100 billion to poor countries Kristalina Georgieva, Managing Director of the International Monetary Fund. "Internet" Arabic and international Economy News - Baghdad The International Monetary Fund said that it will work with members to find ways to allocate $100 billion from the fund's emergency reserves to the benefit of poor countries. The head of the International Monetary Fund, Kristalina Georgieva, said in a statement that the increase in the special drawing rights to $ 650 billion, the largest ever, would help support global reserves and would allow countries to finance the financial measures necessary to recover from the epidemic. Georgieva added that she will work with IMF members in the coming months to identify ways for them to contribute to directing drawing rights or using loans to reach the goal of allocating $100 billion to the poorest countries. Views 99 Date Added 06/14/2021 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 14, 2021 Author Report Share Posted June 14, 2021 The Seven Summit affirms its suppor t for the sovereignty of Iraq and the government's efforts to hold outlaw groups to account Time: 06/14/2021 15:09:34 Reading: 221 times {Political: Al Furat News} The Group of Seven industrialized countries summit announced its support for the sovereignty of Iraq. And the part related to Iraq in the closing statement of the Summit of the Seven Industrialized Countries, which concluded yesterday, its activities in the resort of Cornwall, southwest of the United Kingdom: “We commend the success of the Iraqi security forces, including the Kurdish Peshmerga, and the efforts of the Iraqi government in general against ISIS, and we affirm our continued support for those efforts, including Bringing stability to the liberated areas. "We also affirm our support for Iraq's sovereignty, independence and territorial integrity. We fully support Security Council Resolution 2576 and its call for election observers to help ensure free and fair elections in October, and we encourage all Iraqis to participate in those elections," he added. The G7 welcomed "the efforts of the Government of Iraq to hold the outlaw armed groups accountable for their responsibility for attacks against Iraqi citizens and members of the coalition present in Iraq at its invitation, and exclusively for the purpose of providing training and advice to the Iraqi forces in their fight against ISIS." Ammar Al Masoudi 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 16, 2021 Author Report Share Posted June 16, 2021 An Arab country on the brink of economic disaster Time: 06/16/2021 12:14:34 Reading: 2,756 times {International: Al Furat News} The coronavirus pandemic has hit Algerians hard, exacerbating the problems of a state-dominated economy already suffering from years of low oil prices and restrictions on domestic and foreign investment, according to the Financial Times. Before the pandemic, nearly a third of Algeria's youth were unemployed and many had hoped for change after the massive protests that led to the resignation of President Abdelaziz Bouteflika in 2019. But with a diversified economy that relies solely on oil and gas exports and a drain on foreign currency reserves, Algeria may soon face economic disaster, analysts warn. “The economic trend is very negative. There is a liquidity crunch in local banks and companies. In the construction sector, which is the largest sector after oil, there have been a record number of bankruptcies. The country could be heading for disaster,” said Riccardo Fabiani, North Africa director at the International Crisis Group. economically high social cost. According to the International Monetary Fund, the Algerian economy contracted by 6 percent last year, but it expects growth of 2.9 percent in 2021 on the back of high oil prices. It also forecasts a budget deficit of 18.4 percent of GDP in 2021. To balance its budget, the bank said Algeria needs an oil price of $169.6 per barrel, more than double the current price of $72. However, analysts say there is no clarity about how the regime plans to pre-empt a potential economic disaster. “Politicians say they want to open up the economy and diversify. They want a lot of things. That's what they claim, but we really don't know if they have a clear strategy for how to implement it,” said Mabrouk Eib, a university lecturer and public policy analyst in Algeria. Even as the drop in oil prices in recent years has strained government finances and limited its ability to provide grants and create jobs for its predominantly young population, Algeria's military decision-makers, or decision-makers as they are known, have failed to diversify the economy. . Instead, successive governments have been burning up foreign exchange reserves, which fell from $200 billion in 2014 to $47 billion in 2020. Fabiani indicated that due to the absence of external debt and high oil prices, the Algerian regime still has a year or two to avoid this disaster. He added that he may resort to borrowing from China or the Gulf. It is noteworthy that President Abdelmadjid Tebboune, last year, ruled out a request for a loan from the International Monetary Fund, noting that it would limit the country's ability to have an independent foreign policy. "The big question remains, what will the new government do? Will they come up with any new ideas?" Fabiani said. Indeed, price hikes have led to frequent demands for salary increases and strikes by various sectors of society. The authorities may clamp down on dissent but are well aware that living conditions are becoming increasingly difficult for Algerians who are suffering from the combined effect of lockdowns, business closures and inflation. Ammar Al Masoudi 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 17, 2021 Author Report Share Posted June 17, 2021 The Group of Seven commends the role of the Iraqi security forces and the Peshmerga 15/6/2021 17:48:00 The Group of Seven commends the role of the Iraqi security forces and the Peshmerga The Group of Seven (G7) announced today, Tuesday, its support for the sovereignty and territorial integrity of Iraq, while praising the role of the Iraqi security forces and the Peshmerga forces in their war against the terrorist Daesh. The British Embassy in Baghdad said, during a statement obtained by PUKmedia : "We commend the Iraqi security forces, including the Peshmerga forces in Kurdistan, as well as the Iraqi government for its success against ISIS, and we affirm continued support for these efforts, including achieving stability in the liberated areas." The statement added: "We support the sovereignty, independence and territorial integrity of Iraq." During the statement, the group expressed its support for Security Council Resolution 2576 and its call for the involvement of international observers in monitoring the parliamentary elections, to help ensure the holding of free and fair elections next October, encouraging Iraqis to participate in the upcoming elections. The group also welcomed, first of all, the efforts of the federal government to hold lawless armed groups accountable for attacks against Iraqi citizens and members of the coalition forces in Iraq. PUKmedia on the flags of the British Embassy in Baghdad 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 17, 2021 Author Report Share Posted June 17, 2021 Economist warns: The G7 agreement threatens Iraq's economy Time: 06/17/2021 13:50:06 Reading: 2,093 times {Economic: Al Furat News} An economist warned against the agreement of the major industrial countries at the last seven countries summit on the future of the oil industry in Iraq and its imports, which constitute more than 90% of the rentier state budget. Saleh Al-Hashemi told {Euphrates News}, "Currently, we are in a predicament, and not only in the past years, as a result of environmental conditions and changes that affected the reality of man and human resources, which are considered an economic basis in general, locally and internationally." He added, "At the last G7 summit, there was agreement on clean energy, so among the agreements is that in 2030, no company or car factory will produce fossil fuels. Therefore, the International Fund and the World Bank urged all countries to move towards clean energy." And he indicated that "Iraq suffers from problems, the first is that the dilapidated financial and political administrative system, which is engulfed by corruption, has caused the inability so far to start this project. For this moment ink on paper, there is also a proposal for the Iraqi Investment Authority to establish 350 megawatts of electric power plants in Anbar province that operate on wind energy." Al-Hashemi continued, "Iraq put these plans on the grounds that in the year 2025 it will produce more than 1,000 megawatts of clean energy, but until this moment because of the routine corruption and the Iraqi financial, administrative and political system and because of the economic chaos that exists in Iraq, these projects have not started." He stressed, "Iraq is still dependent on fossil fuels, which has greatly affected the environment, although Iraq has the ingredients in terms of the vast areas that clean energy needs, as there are large desert areas in Iraq, and it can be used to produce more than 10,000 megawatts within five years, but corruption What is in Iraq has led to the disruption of these projects.” He pointed out that "Iraq suffers from a shortage of electrical energy, and it was possible to develop a plan to fill the shortage of electrical energy through clean energy. The Ministry of Electricity has drawn up a plan, but it has not been implemented or initiated, and the funds have not been allocated to it so far." On May 22, the Group of Seven major countries announced their agreement to halt international financing for coal projects by the end of this year, and they all reaffirmed their commitment to reducing greenhouse gas emissions and reducing the rise in temperature by 1.5 degrees Celsius, with a pledge to phase out the use of fossil fuels in various sectors by 2030, in an effort to combat the effects of climate change. The Group of Seven major industrial countries includes the United States, Britain, Canada, France, Germany, Italy and Japan, in addition to the European Union. "We stress the need to halt all international investment in coal, and commit to taking concrete steps towards the absolute end of new direct government subsidies for coal power generation by the end of 2021," the Group of Seven major economies said after a virtual meeting. The group stated that the ways to end the new direct government support include official development assistance, export financing, investments, and others, noting that eliminating subsidies for coal aims to expand later to include all types of fossil fuels, in an effort to meet the globally agreed climate change goals. Halting fossil fuel financing is a major step towards limiting global warming to 1.5 degrees Celsius above pre-industrial levels, a level that scientists say will enable the world to avoid the most devastating effects of climate change. firm 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 17, 2021 Author Report Share Posted June 17, 2021 The Group of Seven affirms its continued suppor t for the Iraqi government in confronting terrorism by Editor Iraq news 3 Hours ago The G7 countries reiterated their support for Iraq and its government in the face of terrorism, while welcoming the government's efforts to hold the outlaw militias accountable. In a statement, the Group of Seven countries praised the Iraqi security forces, including the Peshmerga forces in Kurdistan, as well as the Iraqi government for their success against ISIS, and affirmed their continued support for those efforts, including achieving stability in the liberated areas, and the Group of Seven countries affirmed their support for the sovereignty, independence and territorial integrity of Iraq. . The statement indicated the group's support for the UN Security Council resolution and its call for the involvement of election observers to help ensure free and fair elections next October, encouraging Iraqis to participate in those elections. Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 9, 2021 Author Report Share Posted July 9, 2021 I.M.F. Board Backs $650 Billion Aid Plan to Help Poor Countries The expansion of emergency reserves to help fund vaccines and pay down debt is politically contentious in the United States. The decision is an important step in efforts to expand access to vaccine supplies as infections spread rapidly among populations that have not been inoculated.Credit...Bryan Anselm for The New York Times By Alan Rappeport July 9, 2021Updated 3:46 p.m. ET VENICE — The International Monetary Fund took a step on Friday toward easing widening global inequality and helping poor nations get access to vaccines, saying its executive board approved a plan to issue $650 billion worth of reserve funds that countries can use to buy vaccines, finance health care and pay down debt. The decision comes at a pivotal moment as Covid-19 infections continue to spread among populations that have not been inoculated and as more contagious variants of the coronavirus are posing new health threats. The pandemic has drained the fiscal resources of poor countries over the past year, and the I.M.F. projected this week that faster access to vaccinations for high-risk populations could save 500,000 lives in the next six months. The new allocation of so-called Special Drawing Rights would be the largest such expansion of currency reserves in the I.M.F.’s history. If approved by the group’s board of governors, as is expected, the reserves could become available by the end of next month. “This is a shot in the arm for the world,” Kristalina Georgieva, managing director of the I.M.F., said in a statement. “The S.D.R. allocation will help every I.M.F. member country — particularly vulnerable countries — and strengthen their response to the Covid-19 crisis.” Ms. Georgieva made the announcement as finance ministers and central bank governors of the Group of 20 nations were gathering in Venice to discuss international tax policy, climate change and the global economic response to the pandemic. The I.M.F., established in 1944 to try to broker economic cooperation, has warned of a two-track economic recovery, with poor countries being left behind while advanced economies experience rapid expansions. Ahead of the meetings, Treasury Department officials said expanding access to vaccines would be a central topic of discussion. It is also a potentially contentious one, as some developing countries have suggested that advanced economies are not doing enough to ensure fair distribution of vaccines. “The immediate priority for developing countries is widespread access to vaccines that match their deployment programs,” David Malpass, president of the World Bank, said in a speech in Venice on Friday. Mr. Malpass called on G20 countries to share doses and remove all trade barriers to exporting finished vaccines and their components. He noted that the pandemic had aggravated structural weaknesses that had dogged developing countries for years. “Even as that is accomplished,” Mr. Malpass said of expanded vaccine distribution, “development faces years of setback and struggle.” Narrowing the gap between the fortunes of advanced and developing economies was a central topic on the first day of the G20 meetings in Venice. Bruno Le Maire, France’s finance minister, told reporters on Friday that inequality was a risk to the stability and security of Europe that could lead to an influx of refugees. He argued that it must be urgently addressed. It remains to be seen how far the $650 billion will go to help developing countries as they race to vaccinate people before new variants of the virus take hold, including the Delta variant, which has plunged many countries back into a health crisis. The United Nations Conference on Trade and Development called this year for $1 trillion worth of Special Drawing Rights to be made available by the I.M.F. as a “helicopter money drop for those being left behind.” Jubilee USA Network, a nonprofit organization that advocates debt relief for poor countries, praised the move by the I.M.F. and called on wealthy countries to do more to help. Sign Up for On Politics With Lisa Lerer A spotlight on the people reshaping our politics. A conversation with voters across the country. And a guiding hand through the endless news cycle, telling you what you really need to know. Get it. “This is the biggest creation of emergency reserve funds that we’ve ever seen, and developing countries will immediately receive more than $200 billion,” said Eric LeCompte, executive director of Jubilee USA Network. “Wealthy countries who receive emergency reserves they don’t need should transfer those resources to developing countries struggling through the pandemic.” The I.M.F., the World Bank, the World Health Organization and the World Trade Organization have created a new vaccine task force and called for an additional $50 billion investment to broaden access to supplies. The groups have also called on G20 countries to set a goal of having 40 percent of their populations vaccinated by the end of this year and 60 percent by the middle of next year. The United States has thrown its support behind the expansion of the I.M.F. reserves, reversing a Trump administration policy and angering Republican lawmakers in the process. The Trump administration balked at the proposal last year and prevented it from moving forward. It argued at the time that boosting the emergency reserves was an inefficient way to provide aid to poor countries and that doing so would provide more resources to advanced economies that did not need the help, like China and Russia. Republican lawmakers have since accused the Biden administration of bolstering the fortunes of adversaries, while doing little to actually help developing nations. Although Republicans have introduced legislation that would put restrictions on how the I.M.F. reserves were used if they were authorized, such proposals are unlikely to pass with Democrats in control of Congress. Under Treasury Secretary Janet L. Yellen, the United States has taken a different view from the Trump administration, and the United States supports the allocation. Ms. Yellen believes that rich countries will have little use for the S.D.R.s but that developing economies will be able to use them to get enough money to vaccinate their people. Treasury Secretary Janet Yellen, center, arriving for the Group of 20 finance ministers and central bank governors meeting in Venice on Friday.Credit...Andrea Merola/EPA, via Shutterstock Special Drawing Rights work by allowing member countries of the I.M.F. to cash the asset in for hard currency. Their value is based on a basket of international currencies and is reset every five years. Each of the 190 countries that is a member of the I.M.F. gets an allotment of S.D.R.s based on its shares in the fund, which tracks with the size of a country’s economy. The new reserves would also be distributed under this formula, with the largest economic powers like the United States gaining the biggest tranche. The drawing rights cannot be used to buy things on their own, but they can be traded for currencies that can. If two countries agree, they can trade their Special Drawing Rights for cash, with the I.M.F. acting as a middleman to facilitate the trade. That has prompted some criticism that the program will not work unless rich countries voluntarily transfer their holdings to poorer nations. “It is a legitimate concern that new S.D.R.s will end up mostly in the hands of large and rich countries that have little use for them rather than in the hands of the smaller and poorer countries that really need them,” said Eswar Prasad, the International Monetary Fund’s former China chief. “A reallocation of S.D.R.s toward the latter group, in addition to increasing the overall volume of S.D.R.s, would be helpful in dealing with stresses to the global financial system.” To address some of those concerns, the I.M.F. is working to develop a new trust fund where rich countries can channel their excess S.D.R.s. The goal is to create a $100 billion pot of money that poor countries take loans from so they can expand health care systems or address climate change in conjunction with existing I.M.F. programs. The United States has previously indicated it will make available about one-fifth of its allocation, worth about $20 billion. At the urging of the United States, the I.M.F. is also working to create greater transparency around how the assets are being used so that it is clear that American adversaries are not benefiting from the proceeds. The I.M.F.’s board of governors is expected to hold its vote in early August. Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 9, 2021 Author Report Share Posted July 9, 2021 IMF Managing Director Kristalina Georgieva Welcomes the Executive Board’s Backing for a New US$650 Billion SDR Allocation July 9, 2021 Washington, DC: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), made the following statement today regarding the Executive Board’s decision supporting the general allocation of Special Drawing Rights (SDRs): “The IMF Executive Board yesterday concurred in my proposal for a new general SDR allocation equivalent to US$650 billion – the largest allocation in the IMF’s history – to address the long-term global needs for reserves during the worst crisis since the Great Depression. “I will now present the new SDR allocation proposal to the IMF’s Board of Governors for their consideration and approval. If approved, we expect the SDR allocation to be completed by the end of August.” “ This is a shot in the arm for the world. The SDR allocation will boost the liquidity and reserves of all our member countries, build confidence, and foster the resilience and stability of the global economy. In 2009, an SDR allocation contributed significantly to recovery from the global financial crisis and I am confident that this new allocation will have a similar benefit now.” “The SDR allocation will help every IMF member country – particularly vulnerable countries – and strengthen their response to the COVID19 crisis.” “We will maintain active engagement with our membership in the months ahead to identify viable options for voluntary channeling of SDRs from wealthier members to support our poorer and more vulnerable countries to help their pandemic recovery and achieve resilient and sustainable growth, which will also help boost global economic recovery.” Background Under the IMF’s Articles of Agreement, the Managing Director may make a proposal for a general SDR allocation if the Managing Director is satisfied that the allocation would help meet a long-term global need to supplement existing reserve assets in a manner that will avoid stagnation and deflation as well as excess demand and inflation, and there is broad support among IMF members for the allocation. Once the Managing Director’s proposal is concurred in by the Executive Board, it is submitted to the Board of Governors whose decision to approve an SDR allocation requires support by members representing an 85 percent majority of the total voting power of members that are participants in the SDR Department (currently all IMF members). SDR allocations are distributed across the IMF membership in proportion to IMF quota shares. Additional information: SDR Landing Page: https://www.imf.org/en/Topics/special-drawing-right Q&As : https://www.imf.org/en/About/FAQ/special-drawing-right IMF Communications Department MEDIA RELATIONS PRESS OFFICER: WAFA AMR PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG @IMFSpokesperson 2 Quote Link to comment Share on other sites More sharing options...
IMF Managing Director Kristalina Georgieva Welcomes the Executive Board’s Backing for a New US$650 Billion SDR Allocation July 9, 2021 Washington, DC: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), made the following statement today regarding the Executive Board’s decision supporting the general allocation of Special Drawing Rights (SDRs): “The IMF Executive Board yesterday concurred in my proposal for a new general SDR allocation equivalent to US$650 billion – the largest allocation in the IMF’s history – to address the long-term global needs for reserves during the worst crisis since the Great Depression. “I will now present the new SDR allocation proposal to the IMF’s Board of Governors for their consideration and approval. If approved, we expect the SDR allocation to be completed by the end of August.” “ This is a shot in the arm for the world. The SDR allocation will boost the liquidity and reserves of all our member countries, build confidence, and foster the resilience and stability of the global economy. In 2009, an SDR allocation contributed significantly to recovery from the global financial crisis and I am confident that this new allocation will have a similar benefit now.” “The SDR allocation will help every IMF member country – particularly vulnerable countries – and strengthen their response to the COVID19 crisis.” “We will maintain active engagement with our membership in the months ahead to identify viable options for voluntary channeling of SDRs from wealthier members to support our poorer and more vulnerable countries to help their pandemic recovery and achieve resilient and sustainable growth, which will also help boost global economic recovery.” Background Under the IMF’s Articles of Agreement, the Managing Director may make a proposal for a general SDR allocation if the Managing Director is satisfied that the allocation would help meet a long-term global need to supplement existing reserve assets in a manner that will avoid stagnation and deflation as well as excess demand and inflation, and there is broad support among IMF members for the allocation. Once the Managing Director’s proposal is concurred in by the Executive Board, it is submitted to the Board of Governors whose decision to approve an SDR allocation requires support by members representing an 85 percent majority of the total voting power of members that are participants in the SDR Department (currently all IMF members). SDR allocations are distributed across the IMF membership in proportion to IMF quota shares. Additional information: SDR Landing Page: https://www.imf.org/en/Topics/special-drawing-right Q&As : https://www.imf.org/en/About/FAQ/special-drawing-right IMF Communications Department MEDIA RELATIONS PRESS OFFICER: WAFA AMR PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG @IMFSpokesperson
yota691 Posted July 11, 2021 Author Report Share Posted July 11, 2021 Washington is “concerned” about the threat of Corona’s mutant to economic recovery Economie| 11:19 - 11/07/2021 Follow-up - Mawazine News , US Treasury Secretary Janet Yellen said today, Sunday, that Washington is "very concerned" about the threat of corona mutations to the economic recovery. The US Treasury Secretary added that the variables of the Corona virus represent a "threat to the entire world." She stressed that the G20 spent a lot of time discussing how to improve the logistics of HIV vaccines in poor countries. Yellen expressed her grave concern about the mutated "Delta" version of the Corona virus. Ended 29/A43 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 23, 2021 Author Report Share Posted July 23, 2021 The International Monetary Fund approves reforms to suppor t low-income countries to recover from Corona IMF logo صندوق July 22, 2021 09:07 PM Mubasher: The International Monetary Fund has approved several reforms to its concessional lending facilities with the aim of improving support for low-income countries during and recovering from the COVID-19 pandemic. In a statement on its official Twitter account, the Fund confirmed its Executive Board's approval of these reforms, as well as the approval of a related financing strategy to support the long-term sustainability of the Poverty Reduction and Growth Trust Fund (PRGT). The Fund emphasized that these reforms aim to ensure that the Fund is able to flexibly support the financing needs of low-income countries during the epidemic and recovery, while continuing to provide soft loans at zero interest rates. He stated that the political reforms adopted are based on a 45 percent increase in the normal limits for access to concessional financing, as well as the removal of severe restrictions on access for the poorest countries. The Fund indicated that the first phase of the strategy aims to secure SDR 2.8 billion from support resources (to support zero interest rates), and an additional SDR 12.6 billion from loan resources that can be facilitated through SDR “routing” special. He indicated that the second phase, set for the period 2024-2025, will seek to find a permanent solution to financing the IMF's concessional lending model, based on an updated assessment of the potential demand for IMF financing from low-income countries. 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 23, 2021 Author Report Share Posted July 23, 2021 The International Monetary Fund expects the global economy to grow by 6% IMF logo صندوق Arabic and international Economy News - Baghdad Kristalina Georgieva, Managing Director of the International Monetary Fund, expected the global economic growth rate to rise by 6 percent in 2021, with some countries growing at a faster pace and others at a slower pace. Georgieva said, during an online event sponsored by the Peterson Institute for International Economics, that the global economic recovery depends on accelerating the pace of vaccination against the Covid-19 virus, as reported by the Middle East News Agency, "AHA". And she warned that the current pace of vaccination against the coronavirus would fail to eradicate the pandemic by the end of 2022, as the Fund's estimates continued during the current month at the same pace as the previous one during the month of April at 6 percent. She noted that the economic recovery will slow unless the pace of vaccination against the Corona virus is accelerated, warning that the current expectations are the lowest rate the world has seen since the 1970s, despite the improvement in the vaccine provision process and the reopening of economies with the help of unprecedented fiscal stimulus, especially in the United States. Views 531 Date Added 07/22/2021 1 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 28, 2021 Author Report Share Posted July 28, 2021 PUBLICATION JULY 26, 2021 Iraq High Frequency Phone Survey to Assess the Impact of COVID-19 on Firms – June 2021 During the months of October to December of 2020, the World Bank conducted a monthly rapid phone survey to assess the impact of the Corona virus disease 2019 (COVID-19) on firms and business activities in Iraq. The survey solicited key information about firms’ operational status before and during the pandemic, their business outcomes, the severity of some of the challenges they have been facing, and finally, some of their coping strategies. The results show that seven months into the COVID-19 pandemic, only half of surveyed firms in Iraq were operating their usual hours. Firms reported a decrease in revenues and, to a lesser extent, a decrease in the supplies they need. However, worker layoffs were less common. Firms reported significant challenges in paying their utilities, their rent and their loans. The top two coping mechanisms to this cash flow contraction have been dipping into retained earnings and borrowing from family and friends. Lastly, only a third of firms reported having started or increased online sales, with many reporting issues in network reliability. Iraq: High Frequency Phone Survey to Assess the Impact of COVID-19 on Firms – June 2021 ( Full Report in a PDF format) 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted August 3, 2021 Author Report Share Posted August 3, 2021 To revive the global economy, the International Monetary Fund launches $650 billion in aid Economie| 09:52 - 03/08/2021 Follow-up - Mawazine News The International Monetary Fund's Board of Governors approved, on Tuesday, providing the largest support in its history, worth $650 billion, to help countries deal with the increasing repercussions resulting from the Corona pandemic. The fund said in a statement, "The board approved a general distribution of the equivalent of $650 billion in special drawing rights units to support global liquidity." For her part, Managing Director of the Fund, Kristalina Georgieva, said, "It is a historic decision. This is the largest allocation of SDR allocations in the history of the Fund, and it is a vaccine injection into the arm of the global economy during an unprecedented crisis." She added that " This general distribution of SDR allocations will become effective on August 23. Member countries will receive newly issued SDR units in proportion to their existing quotas in the fund. About $275 billion (about 193 billion SDR) of the new issuance will be distributed to emerging markets and developing countries, including low-income countries. Ended 29/A 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted August 3, 2021 Author Report Share Posted August 3, 2021 The largest in its history .. the International Monetary Fund provides 650 billion dollars to suppor t countries in the face of Corona Time: 08/03/2021 09:55:10 Reading: 299 times {Economic: Al Furat News} The Board of Governors of the International Monetary Fund has agreed to provide the largest support in its history, amounting to $ 650 billion, to help countries deal with the increasing repercussions resulting from the “Covid-19” pandemic. The fund said in a statement that the board approved a general distribution of the equivalent of $650 billion in special drawing rights units (456 billion units) to support global liquidity. Kristalina Georgieva, Managing Director of the Fund, said, "It is a historic decision - this is the largest allocation of SDR allocations in the history of the Fund and is a vaccine injection into the arm of the global economy during an unprecedented crisis." "The distribution of these allocations will include all member countries, address the long-term global need for reserves, build confidence, and enhance the resilience and stability of the global economy. This distribution will help, in particular, the most vulnerable countries that are suffering in their quest to overcome the impact of the Covid-19 crisis." Kristalina Georgieva, Managing Director of the Fund, said: “It is a historic decision - this is the largest allocation of SDR allocations in the history of the Fund and is a vaccine injection into the arm of the global economy during an unprecedented crisis. The distribution of these allocations will include all member countries, address the long-term global need for reserves, build confidence, enhance the resilience and stability of the global economy, and in particular, this distribution will help the most vulnerable countries suffering in their quest to overcome the impact of the Covid-19 crisis. This general distribution of SDR allocations will become effective on August 23, and member countries will receive newly issued SDR units in proportion to their existing quotas in the Fund. About $275 billion (about 193 billion SDR) of the new issuance will be distributed to emerging markets and developing countries, including low-income countries. In this regard, Ms. Georgieva said, “We will also continue to actively engage with our member countries to identify possible options for voluntary transfer of SDRs from the richest to the poorest and most vulnerable member countries to support their efforts to recover from the pandemic and achieve resilient and sustainable growth.” An essential option in this regard is for member countries with strong external positions to voluntarily transfer part of their SDR allocations to support targeted lending to low-income countries through the Poverty Reduction and Growth Trust Fund (PRGT). Interest-free concessional financing is currently provided through this fund. The Fund is also looking at other options to help the poorest and most vulnerable countries in their recovery efforts. A solidity and sustainability trust fund could be considered to facilitate more solid and sustainable growth in the medium term. 2 Quote Link to comment Share on other sites More sharing options...
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