Top 10 Largest Economies by GDP, 1913.

by deltamaps

Marché économique de 1990 à 2023

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India-Mexico relations have consistently thrived on friendship, warmth, and cordiality. This bond is marked by mutual understanding and an upward trajectory in bilateral trade and comprehensive cooperation. 

June 28, 2022 - NATIONAL PAUL BUNYAN DAY – NATIONAL LOGISTICS DAY – NATIONAL INSURANCE AWARENESS DAY – NATIONAL ALASKA DAY

June 28, 2022 – NATIONAL PAUL BUNYAN DAY – NATIONAL LOGISTICS DAY – NATIONAL INSURANCE AWARENESS DAY – NATIONAL ALASKA DAY

JUNE 28, 2022 | NATIONAL PAUL BUNYAN DAY | NATIONAL LOGISTICS DAY | NATIONAL INSURANCE AWARENESS DAY | NATIONAL ALASKA DAY NATIONAL PAUL BUNYAN DAY | JUNE 28 On June 28th, we remember fondly the tales of the big blue ox and a mighty lumberjack. It is National Paul Bunyan Day! Read more… NATIONAL LOGISTICS DAY | JUNE 28 Annually, National Logistics Day™ on June 28th promotes appreciation for the…

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IMF Conditionality - What is it?

Countries are obligated to implement certain policy reforms in order to receive financial assistance from the IMF, this is called conditionality. Conditionality used to focus on fiscal and monetary policy reform. In the mid 80s, however, conditions began to target the entire economic architecture of loan recipients, pushing these countries towards liberalization and privatization. 

Some examples of conditions include audits, forced privatization of public sectors, the establishment of new institutions, the implementation of specific taxes, and liberalization of trade.

  According to the IMF, these policy reforms are necessary for two reasons: “some form of conditionality is present in all borrower-lender relationships” therefore it is necessary for conditionality to characterize loan agreements between the IMF and borrowing countries. The authors of this paper make this argument sound a little more logical in the next section, however it does come off about this ridiculous in the intro. They argue that conditions serve to assure lenders that their loans will be repaid and that the borrowers are using the money correctly. They also respond with the argument that conditionality benefits the borrower and the lender because (to paraphrase) without oversight by an outside party, these economically weak countries are never going to institute policies for their own betterment. 

The morality and efficacy of this practice is obviously a matter of much debate and deserves its own post.

-Grace <3

Palestinian banks could be cut off from the Israeli banking system starting next week following a decision by Israel’s finance minister to cease dealings between the two financial institutions, according to a report on Thursday by Israeli newspaper Haaretz. Israeli Prime Minister Benjamin Netanyahu has two days to convene a cabinet meeting to discuss reversing plans by Finance Minister Bezalel Smotrich to isolate Palestinian banks from both the Israeli and international banking systems. The Palestinian economy is based on the Israeli currency, the shekel, making it reliant on ties to Israel and its financial dealings with the rest of the world must go through the Bank of Israel and Israeli banks.

We call this Apartheid.

Very Highly Developed Countries, High-Income Economies, OECD Members, and Advanced Economies Compared

by u/Cartographer42