Opinion by Anis Chowdhury (sydney) Tuesday, January 17, 2023 Inter Press Service SYDNEY, Jan 17 (IPS) – Inflation worries topped Ipsos’s What Worries the World survey in 2022 overtaking COVID concerns. The return of inflation caught major central banks, e.g., the US Federal Reserve (Fed), Bank of England, European Central Bank…
The World Food Program has been active in Venezuela since last year, delivering bags of food to families of schoolchildren in some poor areas, such as remote areas accessed by river in the Arismedi municipality, in the southwestern plains state of Barinas. CREDIT: Gabriel Gómez/WFP by Humberto Marquez (caracas) Thursday, December…
Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Tuesday, December 13, 2022 Inter Press Service KUALA LUMPUR, Malaysia, Dec 13 (IPS) – Calls for more government regulation and intervention are common during crises. But once the crises subside, pressures to reform quickly evaporate and the government is told to withdraw. New…
Opinion by Jomo Kwame Sundaram, Ndongo Samba Sylla (dakar and kuala lumpur) Tuesday, November 22, 2022 Inter Press Service DAKAR and KUALA LUMPUR, Nov 22 (IPS) – The ongoing plunder of Africa’s natural resources drained by capital flight is holding it back yet again. More African nations face protracted recessions amid…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and dakar) Tuesday, November 01, 2022 Inter Press Service SYDNEY and DAKAR, Nov 01 (IPS) – Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure….
Opinion by Bhumika Muchhala (new york) Wednesday, October 26, 2022 Inter Press Service NEW YORK, Oct 26 (IPS) – Held in-person for the first time in three years, the annual meetings of the International Monetary Fund and World Bank last week in Washington, D.C. failed to offer solutions to the dozens…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, October 25, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 25 (IPS) – Widespread adverse reactions to the UK government’s recent ‘mini-budget’ forced new Prime Minister Liz Truss to resign. The episode highlighted problems of macroeconomic policy coordination…
Opinion by Isabel Ortiz, Matti Kohonen (london / new york) Monday, October 24, 2022 Inter Press Service LONDON / NEW YORK, Oct 24 (IPS) – Finance ministers of the G20 and the world met in Washington, October 10-16, to discuss how to navigate multiple crises, including rising cost-of-living, broken global supply…
Opinion by Lars Jensen, George Gray Molina (united nations) Wednesday, October 19, 2022 Inter Press Service UNITED NATIONS, Oct 19 (IPS) – Developing low- and middle-income economies are taking hard hits from global economic developments outside their control. Monetary tightening in advanced economies coupled with increasing fears of a global recession…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, October 18, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 18 (IPS) – Preoccupied with enhancing their own ‘credibility’ and reputations, central banks (CBs) are again driving the world economy into recession, financial turmoil and debt crises. Wall…
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