🚨🚨 Report Release! 🚨🚨
📚The Expert Review on Debt, Nature & Climate Report is now available: ☘️ 💰"Healthy Debt on a Healthy Planet"
@FinDevLab was proud to participate in the Review's Secretariat alongside @ODI_Global@AcetforAfrica and @eclac_un
El dólar financiero sigue cayendo, el riesgo país también, el Banco Central no para de acumular reservas en un mes donde históricamente suele tener que vender...¿Qué explica todo esto? En este hilo vamos a hablar del famoso "carry trade" 👇
Call for applications & scholarships 💡📝
@EPOG_EMJMD Economic POlicies for the Global bifurcation, Erasmus Mundus Joint Master Degree in Economics
This is a world-class integrated Master's programme on digital, socioeconomic & ecological issues w/a plural & interdisciplinary
More needs to be done, but this is a step in the right direction. Thanks to all those who pushed for this agenda, including of course the amazing work of the @ceprdc team in discussing the IMF surcharge policy, which I have been honored to contribute to over the past two years.
I'm pleased to announce that the Executive Board has reached consensus on a reform of IMF charges and surcharges. This will lower borrowing costs for our members by 36 percent, while preserving the IMF's financial capacity to support countries in a challenging global environment.
El FMI redujo la tasa de interés que cobra sobre sus préstamos. Implica un alivio para Argentina de casi USD 450 millones por año.
ES MÁS QUE LA MITAD DE LO QUE CUESTA LA LEY DE FINANCIAMIENTO UNIVERSITARIO QUE VETÓ EL GOBIERNO DE MILEI.
Aquí hay un financiamiento para el que hay que definir un uso. LA PLATA ESTÁ. ¿Y SI ESTA VEZ LA USAN PARA FINANCIAR LA EDUCACIÓN PUBLICA?
Fue una cruzada mundial de 4 años. Desde nuestro planteo inicial en el G-20 en Arabia Saudita en 2020, se construyeron apoyos del G-20, legisladores del Congreso de Estados Unidos, las Naciones Unidas, el Vaticano, muchísimas instituciones académicas y de la sociedad civil. Se trabajó sin pausa política y técnicamente para reformar una política absurda y especialmente dañina para Argentina por el enorme monto de la deuda con el FMI tomada en 2018-2019.
GRACIAS a todas las figuras mundiales y de nuestro país que trabajaron para un poco de alivio a los países en crisis.
Sabemos de qué lado estamos: del lado de la Nación y de la justicia en nuestra sociedad. Hay que seguir trabajando para resolver esta deuda con el FMI.
NEW: Our paper by @ecuarauz@ivana_v_l@ciscoAms urges @IMFNews to use its power to address global debt challenges.
Removing surcharges is a crucial first step. The IMF must adapt its policies to meet current global needs. #StopIMFSurcharges
https://t.co/Ys8jCoqJgf
The special session 2 at the demand-led growth workshop in Rio was a tribute to Maria da Conceição Tavares. It was made by her friends and followers, Ricardo Bielschowsky, Carlos Medeiros and Franklin Serrano. Check the video here:
https://t.co/6gAS2tUIIY
If you live in my corner of the Twitter-sphere, you might see a lot of posts about #SDRs today. Or maybe you're not a nerd who reads about SDRs but think money for health, education, + climate action is good.
Either way, here's a 🧵on what SDRs are and why they're so important
Back from the IMF/World Bank Spring meetings, where — six weeks after the beginning of the work at the G20 on a coordinated taxation of the super-rich — there was palpable "tax the rich" energy in the room
A few notable developments 🧵
so rich countries are championing IFI reform to rely more on private for climate and development, while private says actually there’s no profit in RE we’re not interested
Bottom line: rich countries pretend to be in favour of fair & open markets, devlopment for all etc. but in practice the way financial markets are organized & regulated leads to an enormous income transfer from global South to global North, year after year & growing over time
This week in Washington DC, #C3A will co-host 3 events with the Coalition of Finance Ministers for Climate Action, @BrookingsInst, @FinDevLab, @RockefellerFdn and the Spanish Embassy.
👉More info to join us in Washington or online: https://t.co/QjplZ1MYev
¿Estás estudiando Economía y sentís que te faltan herramientas para entender la realidad? ¿Creés que en las carreras faltan perspectivas o querés profundizar en ellas? ¿Te gustaría ver qué se estudia en posgrados de economía heterodoxa? ¡Tenemos una propuesta para vos!
NEW: As spring meetings approach, @Ivana_V_L@ciscoAms and I have published a new estimate of the IMF's punitive surcharge fees.
22 countries are now impacted — 🇦🇷🇺🇦🇵🇰🇪🇬🇪🇨🇱🇰🇰🇪🇯����🇨🇮🇦🇴🇨🇷🇸🇳🇲🇩🇧🇧🇲🇰🇦🇲🇬🇪🇬🇦🇸🇨🇲🇳🇹🇳 — paying $2 billion per year. #StopIMFSurcharges
https://t.co/UuCxO4n3mX
How can a combination of credit enhancements, multilateral development bank reforms + debt relief help provide critical space for meeting global climate financing needs?
@BUBeckyRay + @UliVolz discuss in a new op-ed for @ProSyn. Read more: https://t.co/0cvC1q09EN
#News Lens: @IMFNews has finally lifted the veil on its surcharge policy, showing that 22+ countries are paying a total of 💵$2B per year.
@ceprdc's @michael_galant & @Ivana_V_L dive into the data and explain why it's time to #StopIMFSurcharges
https://t.co/BvzChKCxjQ
El próximo jueves hay charla informativa de la Maestría en Desarrollo Económico de @idaesoficial. Hay becas de arancel disponibles. Acá, la información para la charla, y para inscribirse a la Maestría. Por cualquier duda, consulten. Se agradece RT.