CILACAP SECURITY CYBER TEAM
To stem the economic fallout from COVID-19, developed countries have injected an unprecedented US$9 trillion into their economies. The International Monetary Fund has recommended sustained fiscal support, emphasizing greater spending on health care and environmental protection projects. Meanwhile, countries in the “global south” – broadly, low- and middle-income countries in...
Homi Kharas and Kristofer Hamel Wednesday, May 6, 2020 Chief Operating Officer – World Data Lab Using the methods described in the World Poverty Clock, we ask what will happen to the number of poor people in the world—those living in households with less than $1.90 per person per day in actual or imputed spending—given this new economic forecast. We take the dif...
The International Monetary Fund issued a report Tuesday on the current global economic outlook. The IMF is projecting global growth will contract by more than 4% this year. That’s slightly better than its June forecast, but still pretty grim. For now, the IMF said all countries, not just the U.S., should stop worrying about their debt and spend what is needed to keep their c...
The deep COVID-19 crisis has resulted in the largest decline in global energy demand over the past 70 years. In the first quarter of 2020, it decreased by 3.8 percent relative to the first quarter of 2019. As a result, global CO2 emissions in 2020 are expected to fall to an unprecedented level of 8 percent (around 2.6 gigatons) relative to 2019. This would mark the lowest le...
Over 80 per cent of the International Monetary Fund’s (IMF) Covid-19 loans recommend poor countries hit hard by the economic fallout from the pandemic adopt tough new austerity measures in the aftermath of the health crisis, Oxfam warned today. New research shows that since the pandemic was declared in March, 76 out of 91 IMF loans — 84 per cent – negotiate...
Oscar Williams-Grut A daily wage laborer worker at a construction site in Uttar Pradesh, north India. The IMF said day labourers will be particularly vulnerable to falling into extreme poverty. Photo: Rajesh Kumar Singh/AP The COVID-19 pandemic could reverse 30 years of progress made fighting global poverty, the International Monetary Fund (IMF) has warned. The IMF said on T...