Wonderland Wire

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Archive for the ‘G-20’ Category

NGO’s Oppose Obama’s ‘Blank Cheque’ to IMF

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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 »

Written by Editors

30 May 2009 at 3:10 pm

Posted in G-20, International, US

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G-20 Police ‘Used Undercover Men to Incite Crowds’

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10 May 09 | Guardian

MP demands inquiry into Met tactics at demo.

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Written by Editors

11 May 2009 at 7:29 pm

Posted in Europe, G-20

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If China Loses Faith, Dollar will Collapse

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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 »

Written by Editors

4 May 2009 at 2:59 pm

World Bank to Boost Lending in Response to Economic Crisis

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26 Apr 09 | VOA News and FT

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 »

Written by Editors

26 April 2009 at 8:56 pm

IMF-World Bank Meeting Protested in D.C.

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25-26 Apr 09 | RT and AJE

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 »

Written by Editors

26 April 2009 at 1:25 pm

China Reveals Big Rise in Gold Reserves

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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 »

Written by Editors

24 April 2009 at 5:48 pm

Posted in China, G-20

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IMF Begins New Loan Program for Countries With Strong Economies

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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.


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Written by Editors

22 April 2009 at 2:21 pm

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