Mnuchin tells the IMF to reduce investment on COVID-19

U.S. Treasury Secretary Steven Mnuchin on Wednesday urged the International Monetary Fund and World Bank to work judiciously within their existing resources to fight the coronavirus pandemic and urged G20 countries to endorse a proposed debt restructuring framework. In a statement to the two institutions' steering committees, Mnuchin said they needed to continue to provide … Continue reading Mnuchin tells the IMF to reduce investment on COVID-19

The need for multilateralism in global business

The global economy is in a synchronized slowdown and we are, once again, downgrading growth for 2019 to 3 percent, its slowest pace since the global financial crisis. Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions. We estimate that the US-China trade tensions will cumulatively reduce the level of global GDP … Continue reading The need for multilateralism in global business

Corruption, a major obstacle to economic growth in Africa

The paper, titled ‘A Governance Dividend for Sub-Saharan Africa?’ stated that countries in the region tended to lag behind those in most other regions in the world in terms of governance and corruption. Eighty per cent of sub-Saharan African countries (36 out of 45) score below the global average in the Transparency International Corruption Perceptions … Continue reading Corruption, a major obstacle to economic growth in Africa

How the IMF and World Bank destroyed Africa

  The World Bank and the International Monetary Fund (IMF) were set up during the end of the Second World War (WWII) to rebuild the economies of Europe. However, in order for the World Bank and IMF to implement their policies, they global financial institutions began offering loans to poor countries but only if the … Continue reading How the IMF and World Bank destroyed Africa

An assessment of the Greek Financial Crisis

  Data credibility has been a problem since Greece applied to join the European Union in 1999. It is also a fact that most researchers, when citing the origins of the Greek financial crisis, use fabricated statistical data provided by the government. This was evident in the widely criticized deal between Goldman Sachs and the … Continue reading An assessment of the Greek Financial Crisis

FBI interested in looted funds from Liberia

  The Liberian government has requested the assistance of the United States Treasury Department, the Federal Bureau of Investigation and the International Monetary Fund to help probe the inflow of money into the country since 2016. Image shows George Weah, the Liberian president who has been in office since 2018 "The government notes that the … Continue reading FBI interested in looted funds from Liberia

An essay on the Greek Financial Crisis

  The Greece Financial Crisis   Abstract This paper presents a thorough analysis of the Greek debt crisis, starting with the chosen structure, methods applied for academic analysis, and a comprehensive discussion on the causal factors. A combination of both quantitative and qualitative sources will be employed for this discourse, with concentration on the period … Continue reading An essay on the Greek Financial Crisis