United States: Delaying Implementation of IMF Requested Financial Transparency Regulation
The International Monetary Fund (IMF) has blamed the United States for not implementing regulations that would stop the use of shell and front companies as recommended by the Financial Action … Continue reading
Pakistan: Return to the IMF with a New Begging Bowl
The International Monetary Fund (IMF) announced today that it had reached a provisional agreement with Pakistan’s newly elected government for a three-year $5.3 billion loan at a likely interest rate … Continue reading
India: Increasing Investment in Government Debt Unlikely to Pay Dividends without Structural Changes
Global financial markets reacted positively to New Delhi’s announcement that it was raising the limit of foreign investment in government debt. As part of its efforts to spur capital inflows … Continue reading
Latvia: Government States Nation on Track of Recovery
The International Monetary Fund (IMF), the European Union (EU) and Riga all recently announced that Latvia’s economy is on the recovery track. Indeed, the IMF and EU have held up … Continue reading
Pakistan: Please Keep Remitting Otherwise We’re Screwed!
The good economic news just keeps flowing out of Pakistan with the latest one being that the country’s foreign exchange reserves have gone under the three months of import and … Continue reading
Egypt: IMF Provides Funds and Costs Rise
The International Monetary Fund (IMF) will loan Egypt $4.8 billion so that Cairo can increase social spending and infrastructure investment while reducing its budget deficit from 11 percent to 8.5 … Continue reading
Europe: Are Bailout Conditions Actually Helping Recovery?
Unemployment continues to grow in Europe: Spain’s unemployment rate in September grew to almost 26%, Greece’s rate went over 25%, and the overall European unemployment rate was 11.6% – in … Continue reading
Europe: Austerity Cuts Cause Protests but No Growth
Greece and Spain have been engulfed in anti-austerity protests over the past two days as citizens express their concerns over the cuts being imposed on those nations by their lenders. … Continue reading
All Sorts of Things 