" ... Climate change, the possibility of a global recession and the recent resumption of Palestinian-Israeli talks are likely to be top issues at the Spring meeting of the World Bank and International Monetary Fund. And, as usual, anti-globalization and anti-capitalism protesters have marked the meeting on their calendars.
Environmentalism has infected both organizations in recent months, as it has other global and regional bodies. The IMF's lead news release in December urges global action on warming, while eight of 22 WB press releases in that month relate to climate change and/or the environment. At the United Nations climate change conference in Bali, the bank launched a new multi-million-dollar fund to compensate developing countries for the value of their living forests.
[ ... ]
For the present, IMF Managing Director Dominique Strauss-Kahn is downplaying the market troubles. Financial markets are not experiencing a "deep crisis" but only turbulence, and central banks are managing the crisis well, he said in an interview with Italian daily Il Sole 24 Ore in December. For the global economy "certainly there will be a slowdown," he said, "but I would not say a recession." He predicted that a slowing down of the United States economy will impact Europe's economic growth in 2008. ... "
~ more... ~
No comments:
Post a Comment