At the height of the demise of the now defunct Bretton Woods monetary system, former U.S President Richard Nixon’s treasury secretary John Connally said, “The dollar is our currency but it’s your problem.” The current strengthening of the dollar h
Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank.
Three years ago, Pakistan’s economy shrank, and growth was at minus 0.5 per cent. The following year, 2020-21, the growth rate jumped up to 5.7pc, more than twice the initial target for that year set by the government.
The IMF has its own strategy for such cases called “fragile and conflict-affected states”.
During the talks that ended on Wednesday, US President Donald Trump and the head of the European Commission, Jean-Claude Juncker in Washington, the parties decided to postpone the large-scale trade war and try to negotiate to remove mutual claims
What is the purpose of money? Where does it come from? Inequality generates trade and specialisation creates the need for money .
Kiev has again serious reasons for concern. The International Monetary Fund (IMF) will postpone giving Ukraine access to a 1.9 billion dollars tranche.
The race of globalisation is leaving the majority of the world’s population far behind. According to Unicef, the richest 20% of the population gets 83% of global income, while the poorest quintile has just 1%. This trend is getting worse.
The EU has sent the final tranche of financial assistance of 55.1 million euros to Ukraine.
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