The economic crisis has exposed the loopholes in International Financial institutions such as the International Monetary Fund (IMF) and the World Bank as such Economist are calling for major reforms that would enable these institutions play its role effectively in the current financial systems.
These reforms according to H. E. Guillermo Nielson, Argentina’s Ambassador to Germany [...]
IMF and world bank need to be reformed
April 1st, 2009 · No Comments
Tags: Economic Reporting · Sneak In
World leaders urged to involve poor countries in international governance
March 31st, 2009 · No Comments
World leaders have been urged to embark on reforms that would ensure the inclusion of developing countries in the international governance structure. Currently within the international governance structure many decisions are taken based on the economic weight of member countries and since many developing countries are poor their voices are hardly heard.
Tags: Economic Reporting
EU pledges 75 billion Euro to struggling economies
March 31st, 2009 · No Comments
The European Union (EU) has pledged a 75 billion euro package to the International Monetary Fund (IMF) to help stabilize countries struggling with the current financial crisis. EU Heads of states and government at a key meeting in Brussels on Friday ahead of an important G20 meeting said “Global development had to be treated as [...]
Tags: Economic Reporting