Topic: Finance and debt
Austerity, the “new normal”
Blog / 25th October 2019Austerity and budget cuts do not need to be “the new normal”. Governments can find additional fiscal space to fund public services and development policies through at least eight options, all of which are endorsed by the United Nations. By Isabel Ortiz and Matthew Cummins for IPS news.
The IMF is hurting countries it claims to help
Blog / 10th September 2019The fund’s loan agreement with Ecuador will worsen unemployment and poverty, providing more reasons for serious reform at the IMF, writes Mark Weisbrot.
Financing Injustice
Report / 15th April 2019We need a radically different and rebalanced financial system which ensures that the very poorest are included and actively supported to thrive, and in which developing countries have an equal say in making the rules governing the global economy. A briefing from Christian Aid.
The importance of equity and finance for more climate ambition
Article / 11th April 2019Finance has always been a contentious issue at climate change talks, but developing countries will only dare commit themselves to greater emission cuts when they are assured that the monies pledged will come through, writes Prerna Bomzan for Third World Resurgence.
Debt crisis warning as poorest countries' repayment bills soar
News / 3rd April 2019Debt repayments by the world’s poorest countries have doubled since 2010 to reach their highest level since just before the internationally organised write-off in 2005, campaigners have warned.
The power of public finance for the future we want
Article / 8th February 2019We need a politics of finance for the 99 percent in which public and democratically accountable finance is used to invest in water, health care and education as well as ecologically sound industries, writes Lavinia Steinfort for the Transnational Institute.
Financing international cooperation
Article / 28th November 2018The world must get serious about matching multilateral money with multilateral needs, and devote at least 2% of world income to global public goods. And the time has come to think again about new global taxes, writes Jeffrey D. Sachs.
A global people’s bailout for the coming crash
Article / 9th October 2018When the global financial crisis resurfaces, we the people will have to fill the vacuum in political leadership. It will call for a monumental mobilisation of citizens from below, focused on a single and unifying demand for a people’s bailout across the world.
A decade after the Lehman Brothers’ collapse, finance remains a major risk
Blog / 14th September 2018On 15 September, it will be ten years since the collapse of Lehman Brothers opened a Pandora’s Box. Movements across Europe are commemorating the date with acts of disobedience to relaunch our struggle to rebuild democracy, which can only be done by controlling finance, writes Susan George.
Warnings of a new global financial crisis
Article / 13th June 2018There are increasing warnings of an imminent new financial crisis, not only from the billionaire investor George Soros, but also from eminent economists associated with the Bank of International Settlements, the bank of central banks.