World Leaders Meet for Spring IMF, World Bank and G20 Meetings (tags)
World leaders, finance ministers, business groups, academics and development organizations attend the Spring IMF, World Bank and G20 meetings.
Morocco G20 Finance Meetings Make Few Decisions on Crisis Response (tags)
G20 finance ministers met on global economic growth, debt, inflation, expanding development bank aid, the pandemic and other crises.
African Catholic Bishops: Marrakesh Meetings Should Act on “True Jubilee of Hope in Africa (tags)
World leaders attending the annual IMF, G20 and World Bank meetings should promote urgent debt relief, aid and lending policies to address the interlinked crises African countries face, noted a body that represents African Catholic Bishops.
IMF and World Bank Meetings Wrestle with Low Growth, High Interest Rates, Debt Crises and (tags)
As world leaders arrive for the Annual IMF and World Bank Meetings, the IMF forecasts the global economy to grow 3% this year, which remains below the average of growth for the two decades before the pandemic.
Jubilee USA Statement on IMF Global Financial Stability Report (tags)
The IMF releases the Global Financial Stability Report and raises global concerns over continued inflation, the banking system and climate investments.
Jubilee USA Statement on IMF World Economic Outlook Report (tags)
As world leaders arrive in Marrakesh for the Annual IMF and World Bank Meetings, the IMF releases its flagship World Economic Outlook report. The IMF projects the global economy to grow 3% this year, which remains below the average of growth for two decades before the pandemic.
World Leaders Focus on High Debt Levels and Poor Economic Growth as Morocco Meetings Begin (tags)
World leaders, finance ministers, business groups, academics and development organizations descend on Marrakesh, Morocco, for the IMF and World Bank Annual Meetings. IMF head Kristalina Georgieva reports that the global economy lost $3.7 trillion due to shocks since 2020 and that slow and unequal growth continues.
IMF Forecasts Lowest Growth in Decades as World Leaders Descend on Washington for Meetings (tags)
Debt Roundtable Meetings Attempt to Break Impasse on Debt Relief From China and Private Sector
Hundreds of Billions in New Lending on the Table at Cote d’Ivoire Gathering (tags)
World Development Banks Meet for Third Annual Summit
IMF Predicts Global Economy to Lose $4 Trillion (tags)
The global economy is more fragile noted IMF Managing Director Kristalina Georgieva.
Congress Votes on Corporate Transparency Act (tags)
Washington DC - The House of Representatives scheduled a vote for 5:15 PM EST on the Corporate Transparency Act of 2019 (H.R. 2513). The bill reveals the true owners of "anonymous" shell companies to law enforcement.
House Republicans Convene to Discuss Puerto Rico Legislation (tags)
Speaker Paul Ryan is holding a special meeting with Republicans to discuss the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA). Ahead of the Republican special session, Jubilee USA sent a letter from its executive director advocating passage with key changes.
Argentina Braces For Default (tags)
Argentina is likely to default barring a last-minute breakthrough in negotiations with hold-outs or a court order. Argentina's grace period to pay bonds restructured after its 2001 default expires July 30th. Predatory funds and hold-outs may use court ruling to target Grenada and the Democratic Republic of Congo.
Argentina Debt Payments Blocked by US Court (tags)
The Argentine government announced Thursday that it transferred funds to the Bank of New York Mellon to pay the 92% of bond holders who restructured after Argentina's 2001 default.
Argentina Responds to Supreme Court with Debt Swap Plan (tags)
In reaction to an adverse Supreme Court ruling against Argentina, President Cristina Fernández de Kirchner announced that Argentina would offer new bonds to its creditors governed under Argentine law. The proposed debt swap would involve the 92% of the country's creditors that agreed to restructure in the wake of the country's 2001 default. While the debt swap proposes an alternative for the South American country to avoid paying hold-outs, it fails to reverse the global implications on debt markets, debt restructuring and financial stability.
Supreme Court Refuses Argentina Debt Case (tags)
Supreme Court Refuses Argentina Debt and Validates Hedge Fund Predatory Behavior
Argentina Battles in Two World Cups (tags)
While National Team Prepares to Face Bosnia, Government Fights Hedge Funds at US Supreme Court