Caribbean Faces Uncertain Times
February 18, 2011 1 Comment
News, Views and Happenings Around The Globe
February 18, 2011 1 Comment
Filed under Barbados, Business, News Tagged with Caribbean, Caribbean Development Bank, emerging economies, global economic crisis, global recession, IMF
February 3, 2011 Leave a comment
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December 16, 2010 2 Comments
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December 5, 2010 1 Comment
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November 22, 2010 Leave a comment
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October 25, 2010 Leave a comment
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September 30, 2010 Leave a comment
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September 13, 2010 Leave a comment
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September 5, 2010 Leave a comment
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July 30, 2010 Leave a comment
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April 26, 2010 Leave a comment
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April 15, 2010 Leave a comment
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March 9, 2010 Leave a comment
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March 4, 2010 Leave a comment
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November 25, 2009 Leave a comment
Early this month, India’s central bank—the Reserve Bank of India (RBI)—bought 200 tonnes out of IMF’s saleable 403 tonnes of gold for a price of $1045 per ounce. Since then, gold prices have jumped more than $135 per ounce, may be the biggest rise for gold in the history of bullion trading.
Why is it that the mere news of India or for that any country in the world buying some gold from IMF driving up gold prices to unimaginable levels? Is a gold market hysteria on? Read more of this post
November 6, 2009 4 Comments
After spiking to a new high Wednesday, gold pulled back to $1,091.75 in London. Read more of this post
Filed under Barbados, Business, News Tagged with AngloGold Ashanti, Finance, Gold, IMF, India, London Bullion Market Association, Trade
October 27, 2009 1 Comment
In its latest campaign against the island, the Stanford Victims Coalition (SVC), through lawyers from the New York firm Morgenstern & Blue LLC, has written to members of Congress to get help blocking any IMF loan.
Antigua and Barbuda recently held talks with the Washington-based institution and are close to a final deal, although the amount it would receive has not yet been finalised. Read more of this post
Filed under Barbados, Business, News Tagged with Antigua & Barbuda, Caribbean, Corruption, cricket, Crime & Law, IMF, money laundering, Obama, offshore accounts, offshore financial centers, paramid schemes, People, Ponzi scheme, Sir Allen Stanford, Sports, Stanford International Bank
October 9, 2009 Leave a comment
‘Important progress in managing imbalances can be made by reducing the reserve currency country’s ‘privilege’ to run external deficits in order to provide international liquidity,’ UN undersecretary-general for economic and social affairs, Mr Sha Zukang, said.
Speaking at the annual meetings of the International Monetary Fund and World Bank in Istanbul, he said: ‘It is timely to emphasise that such a system also creates a more equitable method of sharing the seigniorage derived from providing global liquidity. Read more of this post
Filed under Barbados, Business, New World Order, News Tagged with Economy, Finance, global economic crisis, global financial crisis, Government, IMF, Istanbul, SDRs, Trade, UN, World Bank
October 7, 2009 Leave a comment
In reponse to our post ‘Most Countries Worse Off After IMF Agreement – US Think Tank, IMF spokesman Bill Murray, using the handler ‘wmurray’ , rejected the Centre for Economic and Policy Research (CEPR) findings as ‘seriously misleading conclusions’, ‘relying on faulty analysis and often inaccurate information.’ Other critics were Ms Caroline Pearce, from international aid agency Oxfam. AFP quoted her saying “‘If the IMF wants to be relevant, effective, credible and legitimate, it has to give countries hardest hit by the financial crisis a say in their own destiny.’
The Centre for Economic and Policy Research (CEPR) study was published to coincide with the IMF/World Bank meetings.
It is a remarkable turnaround for an institution targeted by anti-globalisation protesters and reviled by millions of people after imposing harsh conditions on its loans during previous crises.
‘I think the response has been much more positive in this crisis and it’s been very constructive,’ said Joseph Stiglitz, a Nobel Prize-winning economist well-known for his diatribes against International Monetary Fund lending practices. Read more of this post
Filed under Barbados, Business, News Tagged with CEPR, Economy, Finance, G20, global economic crisis, global financial crisis, IMF, Istanbul, World Bank
October 6, 2009 5 Comments
While making no direct reference to Jamaica’s negotiations with the fund, the Centre for Economic and Policy Research (CEPR) yesterday released a discussion paper in which it argues that 31 of 41 of countries with current IMF agreements have been subjected to harmful monetary and fiscal policies. Read more of this post
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