Category: Finance/Banking

News

The global debt crisis - Is the world on the brink of collapse?

The global debt crisis – Is the world on the brink of collapse?

Experts are sounding the alarm: the world is caught in a debt trap. The global mountain of debt has increased to more than 300 trillion US dollars. To cancel it out, the Earth’s population would have to work for nothing for three years. Is this a cause for concern? Will private individuals, companies and even…
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End of the road: how money became worthless

End of the road: how money became worthless

In 2008, the world experienced one of the biggest financial upheavals in modern history. Markets around the world began to crumble, share prices plummeted and major financial institutions, once considered invincible, began to show signs of collapse. Governments responded quickly, issuing massive bailouts and stimulus packages in an effort to keep the world economy afloat.…
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Suriname and the IMF Reach Staff-Level Agreement on the Fourth Review of the Extended Arrangement Under the Extended Fund Facility

Suriname and the IMF Reach Staff-Level Agreement on the Fourth Review of the Extended Arrangement Under the Extended Fund Facility

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a…
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Indonesia – A hub for blended finance in the Asia-Pacific

Indonesia – A hub for blended finance in the Asia-Pacific

*As the Government of Indonesia takes lead on leveraging blended finance as a tool to advance development projects in the country, and private investors increase investment towards Indonesia’s long-term development plans, Indonesia is set to be a model for how blended finance can achieve sustainable and inclusive development in the region. * As the fourth…
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Fitch Upgrades Suriname's LT-FC IDR to 'CC'

Fitch Upgrades Suriname’s LT-FC IDR to ‘CC’

Fitch Ratings – New York – 16 Jul 2020: Fitch Ratings has upgraded Suriname’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from ‘RD’. Fitch has also upgraded the issue rating on Suriname’s 2023 notes to ‘CC’ from ‘D’. KEY RATING DRIVERS The upgrades follow the completion of the “consent solicitation” to reschedule the principal…
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Margin Call – “Sell it all. Today.”

Margin Call – “Sell it all. Today.”

“Margin Call” is a very underappreciated movie IMO. The movie is starred by Stanley Tucci and Kevin Spacey. There are a lot of parallels between this movie and what happened last Friday with the unwinding of Archegos Capital Management’s positions by Goldman Sachs and others. No idea why I started thinking about it on Friday…
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Why Suriname’s Carbon Finance Program Could Change The World

Ken Silverstein Mr. October is on deck. Marciano Dasai, Suriname’s minister of spatial planning and environment, spoke at Climate Week in New York and is pitching 4.8 million carbon offsets to the real heavy hitters — the rich nations responsible for most of the globe’s CO2 emissions. It’s the World Series of carbon finance —…
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IMF Executive Board Suriname

IMF Executive Board Completes Third Review Under the Extended Fund Facility for Suriname

September 25, 2023 Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the third review under the Extended Fund Facility (EFF) arrangement for Suriname. The completion of the review allows the authorities to draw the equivalent of SDR 39.4 million (about US$52 million), bringing total purchase to SDR 118.2 (about US$156 million).…
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the Inter-American Development Bank-World Bank deal matters

Why the Inter-American Development Bank-World Bank deal matters, and what’s next

By Jason Marczak and Pepe Zhang Insanity, the saying goes, is doing the same thing over and over and expecting a different result. With Latin America and the Caribbean (LAC) currently projected to grow at just 1.9 percent this year and 2.2 percent next year, the lowest of any developing regions except war-battered Emerging and…
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Henry Weingarten

The Astrologers Fund H2 2023 Markets UPDATE

Astrologers Fund 2023 Stock & Commodity Forecast Update by Henry Weingarten