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Development studies and int'l cooperation
News from developing countries, int'l organizations, ONGs, development studies and related research.
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Argentina faces IMF penalties over failure to meet inflation deadline

Argentina faces IMF penalties over failure to meet inflation deadline | Development studies and int'l cooperation | Scoop.it
Argentina faces the prospect of eviction from the world economic community after its apparent failure to respond to a three-month deadline set by the International Monetary Fund to produce accurate inflation and growth statistics.
Paola Rattu's insight:

IMF sets conditionality based on data production and distribution: that's new!

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IMF gold windfall helps poor countries now but won't break cycle of debt

IMF gold windfall helps poor countries now but won't break cycle of debt | Development studies and int'l cooperation | Scoop.it

By subsidising cheaper loans to low-income countries, the IMF will keep them trapped by debt repayments for years

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Unctad is astute and progressive – so why don't developed countries like it?

Unctad is astute and progressive – so why don't developed countries like it? | Development studies and int'l cooperation | Scoop.it

For those who believed that the north-south divide is history, the goings on before and during the 13th UN Conference on Trade and Development (Unctad) must have come as a surprise. For some time before the conference took place in Doha, Qatar, in late April, there were rumblings from representatives of certain countries the organisation classifies as developed about the work done at Unctad. During the conference itself, negotiations about what to put in the document defining Unctad's work programme extended all night as these malcontents attempted to restrict its areas of work.

 

Surprisingly, the issue of concern to these countries was not the quality of the work, but rather its scope and reach...

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IMF: The Liberalization and Management of Capital Flows: an Institutionalist view

As countries try to export their way back to prosperity, the IMF's change of heart on capital controls is necessary and welcome



This week, the IMF published its latest thinking on capital market liberalisation. Its conclusion? Controls on capital had their uses, countries should dismantle controls only when they were absolutely sure they could cope with the possible hot money flows that might result, and should have the right to take action to prevent their economies being blown out of the water either by the rapid exchange-rate appreciation that accompanies rapid inflows of foreign money or the depreciation that accompanies its departure.


Source: http://www.guardian.co.uk/global-development/poverty-matters/2012/dec/05/washington-consensus-imf

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I.M.F. Urges U.S. and Europe to Act Decisively on Debt

I.M.F. Urges U.S. and Europe to Act Decisively on Debt | Development studies and int'l cooperation | Scoop.it

World finance officials called on the United States and Europe to quickly resolve their debt problems, saying on Saturday that more decisive action was needed to restore confidence in the faltering global economy.

 

In a communiqué at the end of a three-day meeting here in Tokyo, the members of the International Monetary Fund warned that global growth was slowing as the persistent debt crises in developed countries dragged down growth in emerging markets. The statement said quick action was needed to “break negative feedback loops and restore the global economy to a path of strong, sustainable and balanced growth.”

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