Embassy of Liechtenstein in the United States of America的动态

?? How did Kristalina Georgieva, child of Bulgarian communism, work her way to the top of the world’s financial system? Szu Ping Chan speaks to Georgieva in an exclusive interview for The Telegraph ?? You might not know who Kristalina Georgieva is. But prime ministers, presidents and central #bankers do. When she speaks, they listen. The Bulgarian #economist is the managing director of the?International Monetary Fund?(IMF), one of the world’s most powerful financial institutions, which counts more than 190 countries as members. Being part of the #IMF unlocks expert advice as well as financial support when times get tough. And under her stewardship, it injected $1 trillion into the global #economy to deal with the pandemic. Georgieva’s message last month that the #UK economy is in a ‘good place’ was seized upon by Jeremy Hunt as one reason Britons should vote Tory in the coming election. Keeping almost 200 countries happy is no mean feat. But that’s exactly what Georgieva (pronounced with two hard ‘g’s) is tasked with as IMF boss. The organisation was established in 1944, alongside the #WorldBank, as the Second World War neared its end, to help manage global exchange rates. These days, it’s better known for extinguishing economic fires sparked by too much debt, as well as its economic forecasts. But this modern role has brought with it accusations of being excessively political. #Beijing has already criticised the IMF’s forecasts for China this year for being too negative, while British politicians still remember its warning that Brexit would plunge the UK into recession. It did not. Others say the hair shirts the IMF attaches to multibillion-dollar bailouts are too much to bear. At the height of the country’s debt crisis in the 2010s, the former Greek finance minister Yanis Varoufakis compared its austerity drive to ‘fiscal waterboarding’. It’s clear that Georgieva can make or break a nation’s finances – but who is she? And can she defend an institution under fire? Read the full interview here: https://lnkd.in/eMZ-cNsp

Economic policies are crucial for a country's stability. They influence macroeconomic stability, fiscal sustainability, and growth foundations, impacting investor confidence, market volatility, and geopolitical considerations.

Greek Lessons for Britain and Europe - rising support for populists threatens to stand in the way of vital supply side reforms needed to boost European competitiveness. Will it take another crisis to force Europe's hand? My latest

“China’s top decision-making body said at a meeting Tuesday that the country needs to ‘flexibly employ’ monetary policy tools to support the real economy, and stressed the importance of continued risk prevention and resolution in the real estate sector, local government debt, and small and midsize financial institutions. Meetings of the Communist Party’s 24-member Politburo, chaired by President Xi Jinping, are closely watched by investors for clues about economic policy shifts. The policymakers said efforts should be made to implement a proactive fiscal policy and a prudent monetary policy, making good use of ultra-long special sovereign bonds and accelerating the use of local government special-purpose bonds.” “In terms of risk resolution, they vowed to ‘study policies for reducing existing housing stock, while optimizing new housing supply,’ and to establish a new model for real estate development. Housing projects must be completed to protect the legitimate rights of homebuyers, the meeting said. The meeting also highlighted the need for local governments identified as high-risk in terms of their debt burdens to resolve debt effectively without compromising their stable economic development. In addition, continued efforts should be made to tackle risks faced by small and midsize financial institutions. The economy faces other hurdles such as tepid domestic demand, weak consumption and poor performance in the corporate sector.” “However, the economy has been showing signs of improvement, the meeting said. China’s economy grew 5.3% year-on-year in the first quarter, according to data from the National Bureau of Statistics. The figure surpassed the average estimate of 4.9% growth in a Caixin survey of economists. The International Monetary Fund’s (IMF) chief economist, Pierre-Olivier Gourinchas, said it might revise up its forecast for China’s 2024 GDP growth due to the upbeat first-quarter figure. However, it remains to be seen whether the country can address its weak property sector and sluggish domestic demand, he said at a press briefing earlier this month.”

?????? Representatives of the Ukrainian authorities and International Monetary Fund staff have reached a staff-level agreement on the fourth review of the 4-year Extended Fund Facility (EFF) Arrangement. ?? Ukraine met all the quantitative criteria and structural benchmarks by the fourth review of the Arrangement. Thus, further approval by the IMF Executive Board paves the way for Ukraine to receive USD 2.2 billion in the coming weeks. ?? "I am grateful to the team of the International Monetary Fund for the efficient and well-coordinated cooperation. An important part of our partnership is the development of proper financial and monetary policies that enable us to respond effectively to the challenges caused by the full-scale war. And Ukraine keeps working hard in the face of extreme uncertainty to implement the jointly agreed measures," said Minister of Finance of Ukraine Sergii Marchenko. The parties reached an agreement on an updated set of economic and financial policies to maintain macroeconomic stability and advance economic reforms on Ukraine`s path to EU accession. ?? Details: https://lnkd.in/dDVZyQ37

In assessing events in the Middle East, it’s essential to remember how most Arab countries in the region are set against Iran and are (often privately) supportive of Israel’s actions against Iran’s proxies. Blunt proof points can be found in Jordan’s repeated participation in Israel’s missile defence shield. More subtle ones can be seen in Saudi Arabia’s diplomacy: for example, writing in the UK press, Foreign Minister Prince Faisal bin Farhan pays lip service to “an independent Palestinian state” but also disowns the “unrelenting obstacles” to that outcome that are posed by Hamas, and insists that a “lasting resolution cannot be achieved” unless Iran’s representatives are ejected from Gaza and the West Bank. In practical terms, this means that Israel and the ‘West’ have willing partners in building a more stable, prosperous, and peaceful Middle East – and those partners would gladly demonstrate that willingness, if only US diplomats didn’t keep clumsily demanding that they publicly pin their colours to the mast. Hopefully, the opportunity to nurture that quiet support will still be available to the next US President. Closer to home, our latest UK Political Intelligence Report will be ready next Friday. It will, of course, include our predictions for Labour’s first Budget. In the meantime, I would stress two key points: first, Reeves’s notion of using ‘investment’ to spur economic growth concerns more public spending, rather than attracting private commercial risk and profit (Reeves is very much like Gordon Brown, in that regard); and second, as we’ve said for a long time now, Labour’s macroeconomic policy is based on one big gamble i.e. being able to reclassify some public debts as assets, and the markets not minding. If the Government isn’t as good at picking winners as Reeves thinks it is, or if lenders demand higher rates for extra loans, Labour will have to fall back on spending cuts and tax rises – and face the political consequences of both.

Report alert: The role of civil society in monitoring International Monetary Fund (IMF) agreements What's it all about? Governments are the sole parties that negotiate with the IMF. But unpopular deals often lack legitimacy in the eyes of citizens. Civil society oversight can significantly enhance the legitimacy, transparency, and effectiveness of IMF programmes. This not only guards against the disenfranchisement of the populace but can also ensure that the burdens and benefits of economic adjustments are equitably shared. This paper examines case studies from Kenya, Sri Lanka, and the Caribbean. Evidence from those case studies signals a clear imperative for a structured collaboration between governments, international financial institutions, and civil society. Where can I find out more? Read the full report at https://lnkd.in/duq4UBFp #imf #internationalmonetaryfund #debtoversight #publicdebt #debtcrisis #democracy

In this paper I examine the implications of the International Monetary Fund's (IMF) strategy for Fragile and Conflict-Affected States (FCS) in countries such as Venezuela, grappling with institutional fragility and economic crises. The IMF's tailored approach to addressing fragility and conflict is directly relevant to its mandate, and it requires considering the drivers of fragility, political economy dynamics, and specific constraints to reform in each country. The practical implications of Venezuela's potential inclusion in the FCS list and its hypothetical assistance program with the IMF are also analyzed. https://lnkd.in/eHj7f-Uu

Nobel Economist Sargent cautions EU joint debt may deepen division. Prudence advised on common defense funding. Balancing unity with fiscal responsibility is crucial for EU stability #EUDebt #Economy #Iran #LokSabhaElctions2024 #loksabhaelection #mutualfunds #investment #Geopolitics?#MarketTrends?#Russia?#oilmine?#mutualfunds?#invest?#Economy?#Inflation?#CentralBanks?#ECB?#fed?#mutualfund?#investment?#Portfolio?#PortfolioDay?#job?#jobopportunity?#mnc?#mnccompany?#mncjobs

In this article, The Economist asked, "How has it come to this?" The answer is very simple. The adage "you reap what you sow" encapsulates the potential repercussions of American policy. By aligning with wealthy elites, the government's actions abroad have crippled economies in other nations. These individuals in positions of power, who prioritise their own personal gain, have taken advantage of factors such as military strength and have even participated in corrupt activities in order to enrich themselves, disregarding the well-being of others. Libya, under Muammar Gaddafi, was an affluent country. When Gaddafi took control in 1969, Libya was one of Africa's poorest nations. However, by the time he was assassinated in 2011, Gaddafi had transformed Libya into Africa's wealthiest country. Libya had the continent's greatest GDP per capita and life expectancy, and fewer people lived in poverty than in the Netherlands.?? Which was why Gaddafi was done away with. This video confirms that poor nations are fed up with the colonialism of these elites and are now beginning to speak out. Sierra Leone's First Lady Fearless Speech in US Shakes the World: A BIG SECRET Revealed https://lnkd.in/gRQ3q6Sp