Discover and read the best of Twitter Threads about #FinancialInstitutions

Most recents (3)

🧵The #fiscalconservativemyths around good government being dependent on #balancedbudgets and ridiculous comparisons of government budgets to household budgets is about to arise yet again. Let's check these myths out.
Do economists believe that the budget should be balanced each fiscal year? No, a budget should be balanced only on average; it can be in a deficit during a recession and offset by surpluses when the economy is doing well.
A balanced budget refers to total budget expenditure being equal to the total budget receipts. Adam Smith and other classical economists advocated the concept of balanced budget. They claimed a balanced budget is the best since it has a neutral effect on the economy.
Read 22 tweets
Lets talk about the initiatives by the #WorldBank - WB, #InternationalFinanceCorporation - IFC and #InternationalMonetaryFund - IMF in the fight against the spread of #COVID19...
The #WorldBank / #IFC US$14 billion package intended to #FastTrack financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. package aims to bolster national systems for public health preparedness...
The #IFC’s share of the US$14 billion-dollar package is US$8 billion. It will be used to support private companies and their employees adversely affected by the economic downturn caused by the #COVID19 outbreak...
Read 10 tweets

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