Tag "IMF"
Press Release No. 16/529 “IMF Staff Concludes Visit to Russian Federation” End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion. Russia’s economy has absorbed the shocks from
[Please make sure to turn on the English subtitles by pressing on the ‘cc’ button at the bottom right of the video]
by Michael Hudson for the Unz Review As Russia and Asia move to circumvent the stranglehold of an aging, U.S. dominated international financial and legal system with its promise of endless austerity and privatization by foreign investors, the IMF and World Bank double-down by making it more difficult for them to transact business and administer credit. A nightmare scenario of U.S. geopolitical strategists is coming true: foreign independence from U.S.-centered
by Michael Hudson specially for the Saker Blog On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the next day or so.” Since 1947 when it really started operations, the World Bank
Is China preparing for a “Super SDR” to challenge the US dollar? China has made every effort to bypass the US/EU financial institutions by creating parallel structures such as the AIIB, BRICS bank, launching initiatives such as New Silk Road, OBOR, and CIPs to replace SWIFT. They have also built-up their gold reserves in view of a possible gold-backed Yuan. So why is China so committed to the IMF? The
No, this is not a joke. The BBC just reported that Abbas appointed a new prime minister, Salam Fayyad, as Prime Minister of Fatah-controlled Palestine. The BBC helpfully adds that “a former World Bank executive, Mr Fayyad is a well-respected figure internationally” thereby using the code words indicating that this appointment has received the approval of Abbas’ bosses in the Imperial High Command. Wikipedia says that “he is seen as
