In the coming week, I will release a song called: "The #Rohingya", I produced for SOULOGIK πΊπΈ, DAMOLA π³π¬ & CIRCUS RECIPE π±πΈ. Mixed and mastered by LTIP πΏπ¦
#PEACE & #RESPECT to ABUL KALAM @kalamabul408 in Bangladesh for the amazing work he's doing on the ground to shine light on the desperate & heart wrenching plight of The #Rohingya.
"Described by UN Secretary-General Antonio Guterres as "one of, if not the, most discriminated people in the world", the Rohingya are one of Myanmar's many ethnic minorities..."
"In August 2017, a deadly crackdown by Myanmar's army on Rohingya Muslims sent hundreds of thousands fleeing across the border into Bangladesh. They risked everything to escape by sea or on foot..."
From 1-30 September 2021, Oxford Human Rights Festival held an exhibition; "The Next Generation - Young Rohingya Refugees", showcasing photographs by #Rohingya refugees in the camps of Bangladesh.Β Among the brilliant works was: "Portrait of a Memory" by ABUL KALAM @kalamabul408
"The Rohingya, who numbered around one million in Myanmar at the start of 2017, are one of the many ethnic minorities in the country. Rohingya Muslims represent the largest percentage of Muslims in Myanmar"
"After centuries in Myanmar, it's estimated that half their population has fled to Bangladesh with horror stories of rapes, killings and house burnings..."
So far this year, I have successfully published three #Research articles in #Macroeconomics & #Finance, with another two in press. I am currently hammering away at a handful of working papers which will most certainly find a home in reputable #Journals, come 2021 ππ½π
Im currently internalising the very insightful reviewer comments on my latest #Research paper titled; "Investigating Determinants of Commercial Bank Spreads in #Lesotho", from the good folks over at the globally reputable #International#Journal of #Finance & #Economics#IJFE π
Lets talk about the macroeconomic impact of #COVID19 in the short-medium term. The pandemic continues to have broad based devastating effects, crippling global economic activity. Fiscal & monetary policy is loose, to "ease" the virus' blow. What of a #Vaccine? Will you take It?
The global economic recovery hinges on the flattening both the #COVID19 infection curve and the economic recession curve. Negative output gaps imply activity below potential. The expectation, is for a vaccine to help towards herd immunity, thus flattening the infection curve...
It is expected that if a #Vaccine is made widely available & the uptake significant, economic activity will pick up & supply chains resuscitated. This will help flatten the recession curve. Ergo, all appears to rest on the production of a vaccine. But again, will you take it?
The 1st thing would be for one to familiarise themselves with the #IMF's #RFI & #RCF facilities to understabd their modalities.The 2nd, would be to appreciate how external shocks (low exports, high capital outflows) dovetail with internal (domestic) shocks e.g. fiscal deficits.
@BraSmoove If facility modalities (qualification requirements etc.) are understood, it becomes apparent the loans are concessional. If overlaps between external & internal shocks are appreciated & public gross financing needs articulated, BoP support from IMF best option.
@BraSmoove another important thing to note, as far as IMF BoP support, it necessitates governments develop a clear plan of how funds will be used & how consolidation will be done post the necessary stimulus in a letter or imtent. Investors see that & are bullish about the country
Think of #Government this way: it exists to smooth economic activity over the cycle (ups & downs). Ergo, it exists for no other reason but to ensure output is close to or at full potential. Efficient resource allocation & redistribution are neccesary but insufficient condition.
Government has two levers it can pull on to honour this so called "social contract". These are Revenue (taxes) & Primary Spending (consumption & investment). In a downturn, as in an upturn, #FiscalPolicy is an automatic and/or deliberate toggle of those two levers...
Ideally, government is expected to always note where the economy is on the cycle (early, mid, late cycle etc) to execute efficient #FiscalPolicy. Should government miscalculate the position, fiscal policy could be misguided (e.g. loose when should be tight)...