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Cyber Security, Digital Transition, Technology Geopolitics & Worlds In-Defense In-Security Pensiero Strategico

Open newsletter – february 22, 2022

AFGHANISTAN The Taliban is creating a “grand army” for Afghanistan that will include officers and troops who served the old regime, says the official tasked with overseeing the military’s transformation. Latifullah Hakimi, head of the Taliban’s Ranks Clearance Commission, also told a news conference on Monday that they had repaired half the 81 helicopters and planes […]

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Geopolitics & Worlds

IMF urges El Salvador to strip Bitcoin’s legal tender status (Eric Martin, Bloomberg, Al Jazeera)

The International Monetary Fund’s board urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, highlighting a major obstacle for the nation’s efforts to get a loan from the institution. El Salvador last year sought a $1.3 billion IMF loan, but talks have been stymied by the lender’s […]

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The IMF’s Misstep on Climate Finance (Sara Jane Ahmed, Alicia Barcena, Daniel Titelman, Project-Syndicate)

The IMF’s allocation of $650 billion in special drawing rights in August was long encouraged and widely welcomed. But its follow-up proposal for channeling finance to the most climate-vulnerable countries is so flawed that it would exclude many of the neediest. The IMF’s Misstep on Climate Finance by Sara Jane Ahmed, Alicia Bárcena and Daniel […]

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IMF revives $6BN bailout for Pakistan’s economy (Al Jazeera)

The International Monetary Fund (IMF) said on Monday it had agreed with Pakistan on measures needed to revive a stalled $6bn funding programme for the South Asian country, which faces growing economic challenges. “The Pakistani authorities and IMF staff have reached a staff-level agreement on policies and reforms needed to complete the sixth review,” the IMF said in a statement. […]

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The IMF needs to prepare for the post-COVID world (Martin Mühleisen, Atlantic Council)

While the controversy surrounding International Monetary Fund (IMF) Managing Director Kristalina Georgieva has drawn the bulk of the attention as the IMF and World Bank settle in for their annual meetings this week, IMF members would be better off engaging in a serious discussion of the organization’s strategic direction. The risks inherent in its economic outlook, such […]

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The IMF warns of growing threats to global economic recovery (Al Jazeera)

The International Monetary Fund did not mince words in its latest outlook for the global economy released on Tuesday, warning that the threats to the economic recovery from last year’s COVID-19 disruptions are growing, along with a “dangerous divergence” between richer and poorer countries. The IMF revised its headline forecast for global growth this year […]

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(IMF) IMF chief predicts faster global recovery, warns fight isn’t over (Al Jazeera)

IMF Managing Director Kristalina Georgieva said that the United States’ $1.9 trillion support package and rising confidence from increased vaccinations in many advanced economies were the primary reasons for the forecast upgrade. https://www.aljazeera.com/economy/2021/3/30/imf-chief-predicts-faster-global-recovery-warns-fight-isnt-over

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(USA/IMF) America needs a positive IMF agenda (Brookings)

David Dollar and Mark Sobel How will a new allocation of special drawing rights affect the global economy? Could International Monetary Fund (IMF) member countries do more to support low-income countries and afford more debt relief? And what effect will the recent $1.9 trillion U.S. recovery package have on emerging markets and currency disputes?

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(IMF) Building a Better SDR (Project-Syndicate)

JOSÉ ANTONIO OCAMPO As the International Monetary Fund prepares for its next large-scale issue of special drawing rights, its reserve asset, the time is ripe for reform. At the top of the list of priorities should be eliminating dual IMF accounting and implementing a more equitable system for determining SDR allocations. https://www.project-syndicate.org/commentary/new-sdr-allocation-calls-for-two-reforms-by-jose-antonio-ocampo-2021-03

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(IMF) Tristan Walker on Innovation at the International Monetary Fund (CIGI)

Kevin Carmichael Christine Lagarde, the first woman to lead the International Monetary Fund, will be remembered for pushing the institution out of its comfort zone. She directed staff to work on “softer” issues such as gender equality and climate change. Her agenda initially seemed frivolous to some critics, but now, a decade after her appointment in […]

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(Iraq/IMF) IMF says Iraq seeking emergency loans after oil price plunge (Al Jazeera)

Iraqi government is reportedly seeking $6bn in loans, with possibility of a further $4bn, according to finance minister. https://www.aljazeera.com/economy/2021/1/25/imf-says-iraq-seeking-emergency-loans-after-oil-price-plunge

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(IMF/Sudan) IMF working ‘very intensively’ with Sudan for debt relief (Al Jazeera)

The International Monetary Fund (IMF) is working “very intensively” with Sudan to build the conditions for broad debt relief and will assess progress on a staff-monitored programme in March, IMF Managing Director Kristalina Georgieva said. https://www.aljazeera.com/economy/2021/1/19/imf-working-very-intensively-with-sudan-for-debt-relief