imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Tell the NSA: StopWatching.US

Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - json version - email this article - view hidden posts - tags and related articles
link:

IMF Reviews International Financial Crises Solutions

by Hannah Shultz Friday, Jun. 13, 2014 at 12:14 PM

As the IMF reviews solutions to international financial crises, religious and development groups urge reforms to protect the poor.

Behind closed doors, International Monetary Fund (IMF) Executive Board Members are reacting to solutions prepared by IMF staff aimed at preventing global and regional financial crises. Part of the focus stems from G20 concern over extreme predatory behavior on global finance and the precedent set in the related pending Supreme Court case of Argentina vs NML Capital.

“We understand that in initial conversations, solutions are sought to limit or eliminate extreme predatory and hold-out behavior that violate global debt relief policies, debt restructuring and sound operation of the financial system,” stated a letter sent to IMF officials from Jubilee USA Network and New Rules for Global Finance. “We welcome your efforts on these extreme issues and your further discussions of supporting solutions to international financial crises.“

Last year the G20 asked the IMF to address the global debt crisis and speculative investment, which spurred the global financial crisis of 2008. The IMF’s major annual report this spring focused on inequality and explains how debt and debt related restructuring processes propel inequality and financial crisis.

New Rules and Jubilee USA’s letter continued, “…we strongly encourage you and your peers on the Board to debate how international debt restructuring can be independent, comprehensive, transparent, predictable, accountable and arbitrated neutrally.”

In hopes of preventing another financial crisis, IMF staff have prepared some proposals on more orderly and predictable debt restructuring. Similar proposals are in process or have been proposed by The United Nations Conference on Trade and Development, the Brookings Institution and the Center for International Governance Innovation.

According to the World Bank, the global financial crisis propelled more than 90 million people into extreme poverty.

“The financial crisis most hurt the people who had nothing to do with causing it,” shared Eric LeCompte, the executive director of the religious financial reform campaign, Jubilee USA Network. “We all need to consider how the poorest people suffer from our inability to create a more predictable and comprehensive process.”

Read the Jubilee USA and New Rules IMF Board letter.

Jubilee USA Network is an alliance of more than 75 US organizations, 400 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. http://www.jubileeusa.org

Report this post as:
Share on: Twitter, Facebook, Google+

add your comments



Freenet/Sone comments box:

This is a comment system called babcom, which is a decentralized, anonymous, encrypted, troll-resistant, comment system that runs atop Freenet. These comments are not stored on this IMC server - they exist in the Freenet cloud, and you must be running Freenet and Sone to see the comments. Install Freenet and try it out.

Use Node:

⚙ Babcom is trying to load the comments ⚙

This textbox will disappear when the comments have been loaded.

If the box below shows an error-page, you need to install Freenet with the Sone-Plugin or set the node-path to your freenet node and click the Reload Comments button (or return).

If you see something like Invalid key: java.net.MalformedURLException: There is no @ in that URI! (Sone/search.html), you need to setup Sone and the Web of Trust

If you had Javascript enabled, you would see comments for this page instead of the Sone page of the sites author.

Note: To make a comment which isn’t a reply visible to others here, include the red link below somewhere in the comment text.

Add this link to the comment:

Local News

New ID Verification Feature on this Site O21 1:06AM

Sierra Club endorses activists for Water Board O20 2:02PM

INDY has been hijacked or sold? to commentators ? O17 9:58AM

Columbus Day Protest, Downtown L.A. O14 4:44PM

Demonstration in Los Angeles: In Solidarity with Kobani O11 12:23PM

Voters Rally Against Proposition 1 Outside the Beverly Hills Mansion of Water Barons O03 5:35AM

The Uber-fication of the Democratic Party O01 2:16AM

More Local News...

Other/Breaking News

Protests Highlight Outrage over International Child Sex Trafficking O24 6:12PM

New thoughts on capital in the twenty-first century, 21 min O24 5:18AM

The Shortwave Report 12/24/14 Listen Globally! O23 4:40PM

What is the American Left? O23 11:50AM

Ebola Seen In Light Of 1976 Swine Flu Hoax O23 7:09AM

Paraphysique du fait divers O23 12:09AM

US Army Withheld Promise From Germany Not To Weaponize Ebola Samples O22 2:18PM

Beware The Twilight O21 3:18PM

Turkey Murders Press TV Reporter Serena Shim O21 12:57PM

Stop Circus Animal Suffering – Protestors Urge Audiences to Shun the Wild Animal Circus O21 12:13PM

Ohio State Treasurer Josh Mandel Invested 47 Million In Israel Bonds Without Permission of O21 6:40AM

Fatal encounter: Jennifer Laude meets US Marine Corps O21 4:32AM

Kiev War Crimes O21 3:51AM

S&P 500 Companies Spend 95% of Profits on Buybacks and Payouts O20 6:09PM

Sahaja Samadhi Avastha O20 4:50PM

Sino/Russian Alliance Challenges West O20 1:54PM

Stop Circus Animal Suffering – Protestors Urge Audiences to Shun the Wild Animal Circus O20 12:30PM

Whitewashing Kiev Mass Murder O20 9:36AM

Chief Justice Nathan Hecht, Texecutioner, Is Facing The Voters O20 9:25AM

A Planner Of Saddam Hussein's Illegal Execution Running For North Carolina Supreme Court O20 8:17AM

No Redistribution Without the Social State O20 4:37AM

Ukrainian-Style Democracy O20 3:42AM

L'humain et les artilects O20 2:19AM

Dead-End US/Russian Relations O19 1:21PM

Killers, torturers and the new recommended registry for them O19 12:54PM

The Mysterious Plane Crashes Of Opponents Of Unregulated Capitalism & Republic Candidates O19 11:14AM

We're All Palestinians O19 9:01AM

Russia: On the Right Side of History O19 4:20AM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy