Tag Archives: budget deficit

The great and powerful world of global financial institutions

Have you ever wondered why payments to the International Monetary Fund (IMF) appear to have no impact on national budgets or budget deficits? It could be that such payments never consist of anything more than promises and commitments. All smoke … Continue reading

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Second thoughts about first aid for the Third World

Way back in 1970, in a General Assembly resolution, the world’s rich nations agreed to commit 0.7% of their gross national income (GNI) to international development aid. Many failed to stick to this promise, but, in 2005, the EU made … Continue reading

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