Archive for the ‘G-20’ Category
NGO’s Oppose Obama’s ‘Blank Cheque’ to IMF
29 May 09 | IPS
A broad coalition of civil society groups, as well as some U.S. lawmakers, is fighting what they call a “blank cheque” from the U.S. to expand funding for the International Monetary Fund (IMF). Read the rest of this entry »
G-20 Police ‘Used Undercover Men to Incite Crowds’
If China Loses Faith, Dollar will Collapse
by Andy Xie
4 May 09 | FT
Emerging economies such as China and Russia are calling for alternatives to the dollar as a reserve currency. The trigger is the Federal Reserve’s liberal policy of expanding the money supply to prop up America’s banking system and its over-indebted households. Read the rest of this entry »
World Bank to Boost Lending in Response to Economic Crisis
The major high income and developing countries that set policy for the 185 member-nation World Bank agreed in Washington on Sunday that the bank should boost its lending to help poor countries adversely affected by the global economic slowdown. Read the rest of this entry »
IMF-World Bank Meeting Protested in D.C.
Finance ministers from around the globe are meeting this weekend with one main issue on their minds: how best to spend one trillion dollars to help the world’s economy (2:31):
Experts have criticised an ongoing meeting of the World Bank and the International Monetary Fund (IMF) as “a wasted opportunity for poor countries”. Read the rest of this entry »
China Reveals Big Rise in Gold Reserves
24 Apr 09 | FT
China has quietly almost doubled its gold reserves to become the world’s fifth-biggest holder of the precious metal, it emerged on Friday, in a move that signals the revival of bullion after years of fading importance. Read the rest of this entry »
IMF Begins New Loan Program for Countries With Strong Economies
22 Apr 09 | VOA News
The International Monetary Fund has begun a new program to provide emergency credit to governments with strong economic track records. Mexico became the first to qualify for the program last week, and two more countries, Poland and Colombia have applied for it. The IMF credit does not come with its traditional condition that governments have to change their economic policies.
IMF Puts Financial Losses at $4.1 Trillion
21 Apr 09 | FT
The deteriorating global economy means financial institutions now face total losses of $4,100bn on loans and other assets, the International Monetary Fund said on Tuesday, urging governments to take “bolder steps” to shore up institutions – including nationalising them where necessary. Read the rest of this entry »
A Bigger, Bolder Role for the IMF in ‘New Economic World Order’
Obama Wants $100bn for IMF
20 Apr 09 | Raw Story
U.S. President Barack Obama Monday asked Congress to back an expansion of an IMF emergency fund by $500 billion in a move designed to expand its reach to big emerging-market nations.
G-20 Officer Quizzed After Death
17 Apr 09 | BBC
A policeman has been interviewed under caution on suspicion of manslaughter after new tests overturned the cause of a newspaper-seller’s death. Read the rest of this entry »
(UPDATED) G-20 Police Who Assaluted Dead Non-Protesting Civilian Comes Forward
The Guardian obtained this footage of Ian Tomlinson at a G20 protest in London shortly before he died. It shows Tomlinson, who was not part of the demonstration, being assaulted from behind and pushed to the ground by baton-wielding police (2:02):
In Uncertain Times, All That Glisters is a Gold Standard
by Gillian Tett
9 Apr 09 | FT
All that underpins fiat currencies is the belief that governments are credible, and that belief is being tested to its limits. Read the rest of this entry »
G20: Where Is the Money, and Who Is the Moneylender
Analysis by Sanjay Suri
3 Apr 09 | IPS
It seemed like a lot of money at the time. The leaders of the group of eight richest countries, the G8, met in Gleneagles in Scotland and announced 50 billion dollars in new aid, half of that for Africa and half for the rest of the world. Read the rest of this entry »
The G-20 Can Do Better Next Time
3 Apr 09 | CSM
What didn’t happen at the London summit matters more than what did. Read the rest of this entry »
G-20 Leaders Seal $1tn Global Deal
UNSC May Convene Amid North Korea War Threats
2 Apr 09 | PTV
Tokyo says it will call an emergency meeting of the UN Security Council if North Korea goes ahead with its controversial rocket launch.
G20 to Agree Trebling of IMF Funding to $750bn
2 Apr 09 | Guardian
Gordon Brown, Barack Obama and other world leaders finalising deal expected to inject huge sum into world economy. Read the rest of this entry »
Treasuries Fall as G-20 Seeks to Counter World Economic Slump
by Gavin Finch and Wes Goodman
2 Apr 09 | Bloomberg
Treasuries fell for the first time in four days as leaders of the Group of 20 nations gathered in London amid signs the U.S. may start to recover from the worst recession since World War II. Read the rest of this entry »
Global Economic Slide May Be Easing as G-20 Gathers
2 Apr 09 | Bloomberg
Leaders of the most powerful nations are meeting amid signs that the world economy is stabilizing after months of freefall.
G-20 Protesters Besiege London Banks
1 Apr 09 | al Jazeera
About 4,000 have held a series of protests in Britain’s capital, one day before the city hosts a meeting of leaders of the G20 countries to discuss the global financial crisis (2:00):
Summit With No Answers
by Lee Sustar
1 Apr 09 | SWO
The Group of 20 meeting of leaders of the world’s biggest economic powers is marked for failure even before it begins April 1.
G20: Next Time, Perhaps…
by Sanjay Suri
31 Mar 09 | IPS
If the draft declaration of the G20 meeting in London is anything to go by, the most specific outcome of this summit is that there will be another one later in the year. Read the rest of this entry »
France is Threatening G20 Walkout
31 Mar 09 | BBC
France will walk away from this week’s G20 summit if its demands for stricter financial regulation are not met, the finance minister has told the BBC. Read the rest of this entry »
China Plans Argentina Currency Swap
31 Mar 09 | al Jazeera
Argentina and China have tentatively agreed to swap currency equivalent to $10bn in order to enable South America’s second-largest economy to avoid using dollars in its bilateral trade.
