Consequences of the IMF bailout on May 13, 2019Indebtedness has become one of the biggest problems in the world today. According to the World Bank statistics the global debt has reached $6.9 trillion, an increase of 4.1 per cent since 2015. A major share of the budgets of many economies is allocated for debt servicing. It is important to understand the hegemonic role […]
The challenges for the new finance minister on April 25, 2019The global debt has reached $164 trillion. The amount is nearly 225 per cent of the global GDP. There is a real danger, therefore, of another global financial crisis like that of 2008. Some experts believe that the situation is more alarming than it was ahead of the 2008 financial crisis when the global debt […]