Discover and read the best of Twitter Threads about #IMF

Most recents (24)

Amid discussions in 🇱🇧 abt the role of the IMF, latest tonight on #عشرين_30, expectations that the fund will immediately disburse 💰 and magically fix our issues abound. Let’s review the way the fund works, its tools/timelines & most importantly, how to approach an IMF program
A/ How does it work?

The #IMF lends countries that are implementing financial & economic policy changes to stabilize their economy & grow again. Instead of having to take extreme and harsh corrective measures, the fund enables it to fix its issues in a more composed manner.
This financing is usually staggered in tranches corresponding to a set of corrective actions that need to be effected by the government and verified by the fund. The IMF’s ultimate goal, beyond assisting member countries, is to get its loan repaid in full and on time.
Read 26 tweets
#IMF believes #Pakistan ‘s economy will continue to underperform for the next 3 years despite a global rebound in 2021. dawn.com/news/1549328
The growth rate had already slipped by more than 50% even before the #coronavirus broke out. The main reason is a complete lack of understanding by the leadership of what needs to be done to revive growth. Bajwa doctrine has failed. Why?
Bajwa doctrine envisaged a political structure where a subservient political leadership would let the military decide major policies while the technocrats and its favoured bureaucrats would run the country. After this failure, the establishment..
Read 6 tweets
انطلقت اليوم المفاوضات الرسمية بين الحكومة وصندوق النقد الدولي. هذا الامر اصبح واقعا، وبالتالي بات يجدر التعامل معه ليس من باب التحذير منه فقط بل من باب الاستعداد لمواجهة طاحنة.
(1/12)
#IMF
الذهاب الى صندوق النقد الدولي هو معضلة بذاته. اصلا، لا تلجأ الدول اليه الا عند الرمق الاخير. ولكننا في لبنان، كما في دول كثيرة، نواجه معضلتين اضافتين فوق المعضلة الاصلية: معضلة من الذي يفاوض، ومعضلة من الذي سيقرر.
(2/12)
يضم الفريق اللبناني المفاوض 7 ممثلين عن الحكومة و7 ممثلين عن مصرف لبنان. الحكومة اقرّت خطّة لتقديمها الى الصندوق في حين يعارض حاكم مصرف لبنان هذه الخطة سرا وعلانية. والحكومة نفسها ليست موحدة خلف خطّتها.
(3/12)
Read 12 tweets
What future for international monetary system & financial globalization post #COVID19?

@ArminHaas3 @JoeRini6 & I developed 4 scenarios. Out now in JOIE

Factors: Will @federalreserve swap lines hold in crisis? Will G-20 states cooperate or compete?

cambridge.org/core/journals/…

1/n
Today’s IMS is “Offshore US-Dollar System”, composed of “monetary areas”. It is global & hierarchical. The USD monetary area is in apex. Monetary areas with unlimited USD swap lines are 1st layer periphery. More layers to follow below, here BRICS

2/n
Core features of Offshore USD System: offshore creation of key currencies (esp USD @i_aldasoro), shadow money creation in main areas (@danielagabor @morganricks)

We have developed a visual conceptual framework to go beyond triple coincidence
@StefanAvdjiev @HyungSongShin

3/n
Read 17 tweets
EXPLAINER: Not a loan, no conditionalities… What to know about #IMF’s $3.4bn to #Nigeria | TheCable thecable.ng/explainer-loan…

#IMFEmergencySupport #COVID19
The executive board of the International Monetary Fund (IMF), on Tuesday, approved Nigeria’s request for financial assistance to the tune of $3.4 billion. The disbursement is the highest so far given to any African country during the COVID-19 pandemic. thecable.ng/breaking-imf-a…
TheCable has provided these questions to help you understand the grounds on which Nigeria got the facility from the IMF. thecable.ng/explainer-loan… #IMFEmergencySupport #COVID19
Read 6 tweets
Finally, after so much wait, @RBI Governer comes out to provide much needed relief to economy - key announcements thread:

#RBI #economy #rbigovernor
1. Yes, even after all the projections of economic growth slip, India might still stay at the top of global economic growth chart (As per IMF).

#IMF #GDP
2. NBFCs, this time RBI has looked out for you.

TLTRO 2.0 - targeted long term repo operations of INR 50k crore ease the liqudiity issues, specifically for NBFCs.

#NBFC
Read 9 tweets
The #IMF says the "Great Lockdown" recession will likely be the worst since the Great Depression. Global economy projected to shrink by 3% in 2020. By contrast, in January, the IMF had forecast a global GDP expansion of 3.3% for this year. Details in chart below. Table: @IMFNews
IMF: Partial global rebound to 5.8% in 2021 “assumes the #pandemic fades in the 2nd half of 2020, & that policy actions taken by countries are effective in preventing widespread firm bankruptcies, extended job losses, & system-wide financial strains.” #WEO ow.ly/ZLYi50zccSJ
How does your country fare in the latest #IMF projections for 2020 & 2021? imf.org/~/media/Files/… @IMFNews #economies #GDP #finance
Read 21 tweets
#IMF cuts India's 2020 GDP growth rate to 1.9%.
This is a very low number.
And yet it is the world's highest.
[China follows, with a growth of 1.2%.]
All other large economies will see a contraction, says #IMF
Italy -9.1%
Spain -8.0%
France -7.2%
Germany -7.0%
Thailand -6.7%
Mexico -6.6%
UK -6.5%
Canada -6.2%
US -5.9%
Argentina -5.7%
Brazil -5.3%

[Venezuela -15%]
India has announced new in-kind (food and cooking gas) and cash transfers to poorer households: #IMF.

IMF also identifies India as a country using digital technologies to deliver direct transfers to identified individuals -- so, the JAM trinity is helping India.
Read 6 tweets
The case against any IMF loan to #Iran is obvious to most Americans. Yet on the eve of IMF spring meeting, the regime's supporters are keeping up the fight. Here's a 'Top 10' (of many) reasons shareholders should oppose along with recent @FDD policy brief. fdd.org/analysis/2020/…
Iran doesn’t need the #IMF’s money to fight #coronavirus. Khamenei just tapped 1 bil euro from his sovereign wealth fund. More available in his $200 billion business empire. Why is this still a topic of conversation? en.radiofarda.com/a/khamenei-agr…
Iranian FM @JZarif recently tweeted the truth: the whole campaign has nothing to do with battling the virus; it’s about getting an international economic bailout without abandoning terrorism, nuclear expansions, missile testing, human rights abuses, etc.
Read 11 tweets
#Lebanon ‘s Govt Reform Draft Document offers comprehensive repudiation of the existing economic order since currency peg was introduced in 1997

As will elaborate further in Thread

It argues that come summer of 2021, most of the banks you see today will no longer be around ==>
2-Document is an excellent blueprint. It is comprehensive & first semi-official admission of losses at the three levels of Govt, Banks & @BDL_Lebanon

Plan makes it clear #IMF is a prerequisite

CEDRE is assumed to follow

Also Note the Tough Internal Reform Assumptions
3-Bank restructuring is supposed to start with US$20.8 billion capital write-off of existing shareholders. After wiping out this number, US$62.4 billion of losses will be covered by contribution from "large depositors". Exact parameters of this contribution is yet to be defined
Read 4 tweets
1. In the German news they now claim that a "global government" response may be needed to fight the #COVID19-crisis.
Of course the #NWO-pushers are pushing for a World Government. They always have & the #UN, the #IMF. EU-Brussels and many more will do so too!
2. That a more centralized response brings little can be seen with:
- The UN & #WHO: They failed to alert the world to a new Killer-Virus! The WHO was alerted to #COVID19 back in December 2019!
The UN was still playing the virus down end January 2020!
#Covid_19 #GlobalGovernment
3. A more centralized response brings little:
- The #EU under #VonDerLeyen has failed completely in the #COVID19-crisis. They rather push more mass-#migration (which will help spread the virus) & Von der Leyen cries that she can't push her new #GreenDeal harder!
Read 15 tweets
Join me tonight at 7pm est. for #DiggingDeeper with @BWDeadcat and @PinataDrunk on @PatriotsSoapbox

Tonight's Show Prep:

ps247.link/PtK

"The Empire Strikes Back"

#WWG1WGA #FourthIndustrialRevolution #Technocracy #UBI #REDRED #IMF #DigitalDollar
Live now!

ICYMI:

Read 3 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
Some #EmergingMarkets thoughts. The shock is unprecedented. Q1 GDP likely contracted -15% (annualized). If #China indeed recovers, Q2 headline number may look better. But, X-China, the pain has only just started. 1/6
The nature of the shock is complicated. Domestic factors (lower consumption and investment) is combining with external shocks (collapsing exports; imploding commodity prices; lower remittances; & disappearing tourists). 2/6
To that, add the tightening of financial conditions including, most insidiously, the severe #USD liquidity shortage (exacerbated by portfolio outflows). Among others, the crunch will hurt a highly indebted corporate sector. 3/6
Read 6 tweets
Lets talk about #Global #CentralBanks and their #MonetaryPolicy stances given #COVID19. Specifically, lets ask ourselves: "Can Central Banks Help Fight COVID-19?"
The best place to start is to note that #Global #Growth was already facing considerable downside risks before the #COVID19 outbreak December 2019. The slow down in global growth came on the back of trade (china vs. us) and geopolitical (Brexit etc.) tensions...
To this end, institutions such as the #IMF & #WorldBank revised down their 2020 #Economic #Growth outlook & emphasised the need for a more coordinated #policy approach between #monetary & #fiscal policy around the globe to "rescue" growth from the doldrums...
Read 14 tweets
#BREAKING Spain's equality minister Irene Montero tests positive for #coronavirus: govt
#BREAKING Virus-hit Iran asks IMF for its first loan since 1962
#BREAKING Rome to shut Ciampino airport from Friday night, close terminal at Fiumicino from Tuesday: statement
Read 13 tweets
Altijd leuk als mensen een #thread maken over hun ideeën.
@PietLekkerkerk maakte een thread over de #EU-standpunten van #FvD omdat hij vindt dat deze standpunten onzinnig zijn.
Hier👇zijn thread en mijn antwoord.
#Draad!
1/31
Piet vraagt (tweet 3👇) naar de onderbouwing voor 2 beweringen van #FvD:

-dat de EU ons miljarden kost
-dat economieën in Zuid-Europa kapot gaan door de #EU

Eerst gaan we kijken naar de miljarden.
2/31
Piet stelt dat het ‘maar’ 1 miljard per jaar is.
Zijn linkje werkt niet meer, dus ik heb zelf even gegoogeld en kwam hier terecht.
Volgens de EU zelf👇 betaalde NL in 2017 bijna 2 miljard meer dan het ontving.
3/31
europa.eu/european-union…
Read 32 tweets
For Russia an external shock from oil is not unlike one from sanctions.

That’s why it is so hard to disentangle the 2014 effect. Both dry up external/budget funding.

A thread on Russia’s macro.

1/ it is one of the few counties with fiscal and current account surpluses.
Thanks to the massive fiscal adjustment after the 2014 shocks of sanctions and lower oil. Look at the consolidated expenditure on the chart below.
As a result Russia’s fiscal break even price for oil went from $113 in 2013 to $49 in 2019.
Read 20 tweets
MAR 5 #CoronavirusOutbreak MD THREAD 1: Latest ARGIS Map 3/5 6:53AM .. NOTE #China not supplying DEATHS update.FIRST SEE #IMF Report from yesterday.. AND Breaking #Boris suspends #British #Parliament .. IS #Iran totally sure that Vendor from #Wuhan had come to HolyDays before?
MAR 5 #CoronavirusOutbreak MD THREAD 2:
Yesterday's MD THREAD: tinyurl.com/ww2jk4h
by MD trained during #HIV #AIDS Epidemic When we had to fight YEARS for Research, and Treatment.
Still do @VP #Pence killed many in #Indiana in 2015 #maddow @seattletimes @sfchronicle
MAR 5 #CoronavirusOutbreak MD THREAD 3: WaPo Mapping LINK...tinyurl.com/qrsxkva as I note above I like ARGIS JohnsHopkins Map better but this is US alone... HEADS UP..SCARY folks...
While #ImpeachedForLife #IMPOTUS45 #Trump and @VP Pence are clueless @maddow @CNN @votevets
Read 36 tweets
MAR 4 #CoronaVirusUpdates MD THREAD 1: First see todays #ARGIS map .. US UP to 153 cases.. BUT Remember we can’t TEST! #China has FIVE Tests And TESTS over ONE MILLION per day.

tinyurl.com/uvclzl9 @maddow @CNN @PublicHealth @UCSF @StanfordMed @GavinNewsom @MelanieNathan1
MAR 4 #CoronaVirusUpdates MD THREAD 2: FIRST NOTE : #Princess #cruiseship #GrandPrincess RETURNING to SF wo stopping in #Ensenada. Passengers on a FEB cruise have #coronavirus SAW STORYbut just picking up WaPoUPDATES . Will add here when I find it #SanFrancisco #COVID19 @sfpelosi
MAR 4 #CoronaVirusUpdates MD THREAD 3: American #workers face increasing disruptions to their routines as #companies, #schools and #localgovts implement precautions with many firms restricting travel or weighing work-from-home arrangements. @business @Womenworking @SEIU @maddow
Read 17 tweets
THREAD: The #IMF’s offer to provide #Lebanon’s government with technical advice has been met with a resounding "NO THANK YOU!” from many protesters and economists. But others may wonder, why should we reject the IMF’s offer of help?imf.org/en/News/Articl…
1. Firstly, the IMF has not committed to any financial assistance yet, which is always conditioned on economic reforms. For now, it is offering non-binding technical support, advising Lebanon on its budget and austerity measures.
2. That sounds nice enough, so why are people hating? Well, the IMF is typically a proponent of uber-capitalist reforms that focus on numbers, not human lives. Widespread criticism of these tactics have pushed the IMF to work on its image and aim for a more balanced approach.
Read 12 tweets
Lets talk about the 1st meeting of #G20 #Finance Ministers and #CentralBank Governors. Specifically, lets talk about the short to medium term headwinds for global #Economic #Growth...
If you haven't been living under a rock, and you happen to be an avid scholar / practitioner in the world of #Global #Finance / #CentralBanking, then you know that the Group of 20 Finance Ministers & Central Bank Governors met on the 22-23 Feb 2020 in #Riyadh, #SaudiArabia...
The 2020 #g20 meeting of finance ministers & central bank governors in #Riyadh brought together key #Fiscal and #Monetary #Policy makers to discuss, inter alia, what #Global #Economic #Growth prospects look like in the short to medium term...
Read 12 tweets
"The Green New Deal" is going to take movement tactics. Bullshit. It's global - sitting in the wings. Your consent is being engineered. Spending billions to have you demand & "fight" for it. They play with you like a cat plays with a mouse before it decapitates it. For fun.
Who else is tasked with building the social license required to implement the Global Green New Deal?

Let's start with Alexandria Ocasio-Cortez, & May Boeve, Executive Director of 350-DOT-org.

The #NonProfitIndustrialComplex: an extension of the ruling class.

#UN #WEF #GND
January 23, 2020, World Economic Forum: "Striking a Green New Deal"

Note again, that the UN partnered with WEF on June 13, 2020.

#MarchingForCapital
#RebootingCapitalism
#SavingCapitalism
#C40Cities (founded by #Bloomberg & #Clinton)
#Davos
Read 29 tweets
🚨IMPORTANT UKRAINE TIMELINE 🚨

The #IMF that asked @realdonaldtrump to hold back #lethalaid to #Ukraine until they sent investigators into #PrivatBank to get all the important documents proving corruption. Once docs received, they told @POTUS to go ahead and release the aid.
@realDonaldTrump @POTUS So contrary to what the #impeachmenthoax Dems were saying, the President did not hold monies back without the #IMF telling him to as they were neck deep into their investigation of #PrivatBank which is also owned by the same person who owns #Burisma, Ukrainian Mykola Zlochevsky.
Read 3 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!