Henig: World Bank promises easing in structuring the debt of troubled economies
Economy News – Baghdad
World Bank President David Malpass said in a meeting with the International Monetary Fund, India, China and other creditor countries on Saturday that the World Bank would “provide as much ease as possible in addressing debt” to struggling economies.
The comments come amid calls from China, the world’s largest bilateral creditor, for global lenders to reduce the value of loans to developing countries affected by the impact of the Russia-Ukraine war and the Covid-19 pandemic.
Meanwhile, the United States has repeatedly criticized China for being “slow” in relieving debt relief for dozens of low- and middle-income countries.
The World Bank is committed to providing positive net flows in a way that further facilitates the restructuring process,” Malpass said at a meeting on global sovereign debt in Bengaluru, India, on the sidelines of the G20 Financial Leaders’ Meeting.
“We will provide as much facilitation as possible to tackle debt.”
Malpass also said he referred to the “constructive statements” of China’s deputy governor at Friday’s G20 meeting that “gave room to move forward” in settling debt issues.
Reuters reported earlier this month that India, the current G20 chairman, was drafting a proposal for G20 countries to help debtor countries by asking lenders to significantly reduce loans. LINK
Frank26 Articles: “Sudanese advisor: Central Bank reserves are subject to guidelines regarding diversification between currencies” DIVERSIFICATION BETWEEN CURRENCIES…BECAUSE THE IQD IS ABOUT TO FLOAT AGAINST MANY FOREIGN CURRENCIES… THIS IS CURRENCY REFORM EDUCATION! …this is explaining the external float to the Iraqi citizens…
Sandy Ingram CBI announced Iraq will do business with China using the Chinese currency…this is an attempt the Central Bank of Iraq is saying to stabilize or help stabilize the IQD.
RVAlready: Iraq said they now have dollar price stability. Now, a quick review for the people on how their new currency will work, and then go to 1 to 1 and put it on forex.
CandyKisses: Disclosure of prior parliamentary consensus to approve the budget
The representative of the State of Law Coalition, Ahmed Al-Watifi, confirmed, on Sunday, that the governments of Baghdad and Erbil will soon reach an integrated road map to resolve the crises, indicating that parliamentary consensus exists and is awaiting the budget to be passed.
Al-Watifi said in an interview with Al-Maalouma Agency, “The budget agreement is in its final stages, and we are optimistic about reaching an agreement that can be implemented within the House of Representatives.”
He added, “There are understandings between the political blocs on the need to pass every law that provides service to the citizen and not obstruct it within the House of Representatives.”
He pointed out that “there are positive indicators and understandings to move forward in resolving the differences and outstanding issues between Erbil and Baghdad,” noting that “the negotiations reached a set of understandings between the two sides to resolve the differences and outstanding issues between Erbil and Baghdad.”
Earlier, the representative of the Kurdistan Democratic Party, Jay Taymur, revealed the scenes and developments of the recent meetings and negotiations that took place between the federal government and the delegation of the Kurdistan Regional Government regarding the oil and gas law, the share of the region, and ending the outstanding differences, stressing that the agreement is almost in place between the two parties.
Taiwan’s head of government resigns
Taiwanese Prime Minister Su Tseng-chang tendered his resignation on Thursday.
“I once again ask Taiwan’s Chief of Staff Tsai Ing-wen to relieve me of my position as head of government,” he wrote on Twitter. “I ask that a new candidate be appointed to the position as soon as possible.”
CPI Disaster – They Are Redefining Inflation Again
Sean Foo: 2-26-2023
The Fed has coined a new term, Supercore inflation which takes away food, energy and now, shelter as well! They are trying to redefine what inflation is and if all they focus on is this, the economy is in deep trouble.
Here’s why inflation today is poorly measured and how dangerous it is to keep changing its definition to fit a narrative!
Timestamps & Chapters:
0:00 The CPI Twilight Zone
2:06 Supercore Inflation Insanity
5:17 Redefining Inflation Again
7:34 The Fed Has Lost Control
8:56 Don’t Fall For It!
10:55 Uncertainty To The Moon