Tag Archives: monetary

Bad Idea: “‘Pakistan reforms on track’: IMF approves $452 million second tranche of bailout package”

“The International Monetary Fund (IMF) has approved the second tranche of $452.4 million for Pakistan under the $6 billion bailout program for the country. This brings the total disbursements to about $1.44 billion, the IMF said after completing the first … Continue reading

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COMMUNISM: “Hard currency elusive in Havana [Cuba] as monetary reform looms”

“Analysts say the recent elusiveness of hard currency is likely due to a deteriorating economic situation and increased demand as the government steps up moves to end Cuba’s labyrinthine dual currency system. Among those affected are Cubans who want to … Continue reading

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Debt Problem: “…Crisis in Ecuador is just getting started”

“Appearances can be deceiving. Nowhere does this old adage ring truer than in Ecuador, which is emerging from the rubble created during an 11-day uprising. The protests that rocked the South American country appear to be over. President Lenin Moreno … Continue reading

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Bank Problems: “Ecuador cracks down on protesters over austerity & IMF loan…”

“Chaotic mass demonstrations are underway in Ecuador following a spate of austerity cuts tied to a recently implemented IMF deal. Police have unleashed tear gas on protesters, while the government has declared a state of emergency. By Monday, some 477 … Continue reading

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“More protests in Haiti as unrest continues over fuel prices”

“Protesters clashed with police Monday in Haiti’s capital while a general strike kept most people at home across the country in a fourth day of unrest sparked by a now-rescinded government plan to raise fuel prices in the impoverished nation… … Continue reading

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“IMF Says Venezuela’s Inflation Rate May Rise Beyond 2,300% in 2018”

“Venezuela’s triple-digit annual inflation rate is set to jump to more than 2,300 percent in 2018, the highest estimate for any country tracked by the International Monetary Fund.” https://www.bloomberg.com/news/articles/2017-10-10/imf-warns-against-complacency-even-as-global-growth-gains-steam This is the fruits of socialism; debt and destruction.

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“Greece rejects new loans as money runs out”

“Athens (AFP) – The decision by Greece’s anti-austerity government in Athens to refuse fresh EU-IMF loans has set economists guessing how long Greece’s meagre finances can last….It must repay 9.0 billion euros to the International Monetary Fund this year, including … Continue reading

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