scholarly journals Fighting Inequality in the time of COVID-19: The Commitment to Reducing Inequality Index 2020

2020 ◽  
Author(s):  
Matthew Martin ◽  
Max Lawson ◽  
Nabil Abdo ◽  
David Waddock ◽  
Jo Walker
Keyword(s):  
Public Services ◽  
Social Protection ◽  
Debt Relief ◽  
Inequality Index ◽  
Labour Rights ◽  
Global Workforce ◽  
Special Drawing ◽  
Special Drawing Rights ◽  
Sick Pay ◽  
Global Solidarity

The coronavirus pandemic has swept across a world unprepared to fight it, because countries had failed to choose policies to fight inequality. Only one in six countries assessed for the CRI Index 2020 were spending enough on health, only a third of the global workforce had adequate social protection, and in more than 100 countries at least one in three workers had no labour protection such as sick pay. As a result, many have faced death and destitution, and inequality is increasing dramatically. This third edition of the CRI Index report recommends that all governments adopt strong anti-inequality policies on public services, tax and labour rights, to radically reduce the gap between rich and poor. The international community must support them with Special Drawing Rights, debt relief and global solidarity taxes. See also the CRI Index website at www.inequalityindex.org

Provision of public services by Slovak local governments - Case study social protection – old age: A supply demand mismatch?

2021 ◽  
Author(s):  
Tomáš Černěnko ◽  
Klaudia Glittová
Keyword(s):  
Regression Analysis ◽  
Old Age ◽  
Local Governments ◽  
Public Services ◽  
Social Protection ◽  
Supply And Demand ◽  
Descriptive Analysis ◽  
The Elderly ◽  
Provision Of Services

The aim of the paper is to describe the supply of public services in the field of social protection - old age (represented by expenditures in group 10, class 2 of COFOG classification) in relation to the demand for these services represented by the population in the age group 62+ related to the size and region of the local government unit. The analysis of supply and demand takes place at the level of individual local governments and the results are then presented in relation to the size of the municipality and the region. Two approaches were used for the analysis. The first focuses on the description of the current situation through the categorization of local governments according to the approach to the provision of services, and the second consists in regression analysis. The results of the regression analysis suggest that the size of the municipality and the region do not play as important a role in terms of access to the provision of the examined services as indicated by the first, descriptive analysis. To find a "pattern" for local authorities to decide on access to services for the elderly, further research will be needed that takes into account several socio-economic indicators.

Sri Lanka will try to manage debt without IMF help

2021 ◽  
Keyword(s):  
Sri Lanka ◽  
Foreign Exchange ◽  
Debt Crisis ◽  
Content Type ◽  
Special Drawing ◽  
External Stakeholders ◽  
Capital Outflows ◽  
The Government ◽  
Special Drawing Rights ◽  
India And China

Significance The government nevertheless remains under pressure from domestic critics and external stakeholders because of dwindling foreign exchange (forex) reserves and a growing debt crisis. Sri Lanka approached the IMF in early 2020 for macroeconomic support under the Fund’s Rapid Financing Instrument, but negotiations were shelved. Impacts The government will face increasing domestic pushback over its efforts to curb capital outflows. Although India and China will remain Sri Lanka’s most important partners, ties with Bangladesh will grow markedly. Sri Lanka should be able to access an allocation of IMF special drawing rights later this month.

China and the SDR: Financial Liberalization through the Back Door

2019 ◽  
Vol 09 (03) ◽  
pp. 1950007 ◽  
Author(s):  
Barry Eichengreen ◽  
Guangtao Xia
Keyword(s):  
Financial Liberalization ◽  
Special Drawing ◽  
Back Door ◽  
Special Drawing Rights

We analyze the motives for China’s campaign to secure the addition of its currency, the renminbi, to the basket of currencies comprising the International Monetary Fund’s Special Drawing Rights. Our argument is that the campaign to add the renminbi to the SDR basket was not just a vanity project; it was a strategy used by the advocates of financial liberalization in China to force the pace of reform. It was also a strategy with significant risks.

The Debt Crisis: Winners & Losers

Worldview ◽  
1984 ◽  
Vol 27 (10) ◽  
pp. 19-21
Author(s):  
Isebill V. Gruhn
Keyword(s):  
Public Interest ◽  
Structural Adjustment ◽  
Third World ◽  
Debt Crisis ◽  
Multilateral Institutions ◽  
Special Drawing ◽  
Industrialized Nations ◽  
Special Drawing Rights

By now the origins of the debt crisis—too much borrowing by Third World countries and too much lending by banks and industrialized nations—are reasonably well understood. What has only just begun is a flood of scholarly articles and muckraking journalism about the collusion between various parties pursuing narrow profits rather than the wider public interest.It is perhaps both natural and understandable that most of these analyses and commentaries are focusing on the complexity of the problem and offering complicated cures. After all, the number and variety of countries in debt is large and growing. Similarly, the number of public, private, bilateral, and multilateral institutions involved in the crisis constitutes a mind-boggling alphabet soup. The jargon too is forbidding. There is financing and refinancing, scheduling and rescheduling, Special Drawing Rights and Structural Adjustment, to mention only what every newspaper reader has to struggle through. And there is the umbrella term conditionality, which, of course, is difficult to understand in the intricate detail of its application, implementation, and implication.

Trade & Jobs: The Brazilian Connection

Worldview ◽  
1984 ◽  
Vol 27 (12) ◽  
pp. 9-11
Author(s):  
Marc Levinson
Keyword(s):  
At Risk ◽  
Latin America ◽  
International Monetary Fund ◽  
Public Support ◽  
Special Drawing ◽  
Private Matter ◽  
Special Drawing Rights

"Borrowers should pay their debts." Most Americans would agree with this maxim and would probably apply it to debtor countries as well. There is little sympathy in evidence for the debtors, and even less for the money-center banks whose capital is badly at risk in Latin America. The discussions of such esoterica as International Monetary Fund loans, special drawing rights, and debt refinancing bring yawns. Undoubtedly, the Reagan administration's view that debt is a private matter, to be resolved between debtor countries and their creditor banks, enjoys wide public support.

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