How governments use IMF bailouts to hurt political opponents – new research: Sri Lanka received a bailout from the International Monetary Fund (IMF) in March amid soaring inflation, debt and a sovereign default. In exchange for US$ 3 billion (£2.4 billion), the government committed to spending cuts and tax and financial sector reforms. These have prevented …
Sri Lanka’s economic crisis is a chance to reinvent international bailouts so that citizens don’t take most of the pain: Sri Lanka recorded the first casualties from its spiralling economic crisis several days ago, with one protester dead and 24 more injured. This was from police firing gunshots into a crowd who were demanding the …
COVID bailouts helped politically connected businesses more than others – new research: Shutterstock/steved_np3 COVID has been a painfully expensive ordeal for countries across the world. Aside from the medical cost of vaccines, testing and treatment, economic aid for furlough schemes and sector bailouts dealt a serious blow to public finances. Nations responded by distributing vast …
South Africa in the news: Denel not planning to seek further bailouts: South African state defence firm Denel is not planning to seek new government equity injections despite a liquidity crunch aggravated by the coronavirus crisis, its interim chief executive told …: “South Africa” – BingNews Here are the startups pitching at Startup Circles.ai Demo …
Attack of zombie companies: don’t let them eat bailouts that are vital to restore the economy: shutterstock Governments are all deciding which struggling companies to help out in the COVID-19 pandemic. Among the many looking for help, some have a strange deathly pallor. This is nothing to do with whether they trade in sectors whose …
Green bailouts: relying on carbon offsetting will let polluting airlines off the hook: Dan Meyers/Unsplash, CC BY-SA The coronavirus pandemic has grounded thousands of aircraft, contributing to the largest-ever annual fall in CO? emissions. At some point though, the planes will soar again and with them, global emissions. Most airlines in the UK have committed …