South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
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The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
Bangladeshi garment workers protest to demand payment of wages, April 2020.
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When the Nobel Peace Prize was awarded to Bangladeshi economist Muhammad Yunus in 2006 for his concept of microfinance, it brought what began as a local policy experiment in the 1970s to global attention…
COVID-19 public health measures are stalling economic activity.
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Governments worldwide have put in place economic and tax relief measures to mitigate the impact on businesses and workers of drastic public health measures in response to the COVID-19 pandemic
High street pawnbrokers are closing, which means less options for financial help.
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After a year of headlines and ousted CEOs, Congress has yet to pass a single piece of legislation on sexual harassment – let alone hold a hearing. That may change as lawmakers get to work in 2019.
Research suggests that women enterprises in Tanzania are shy to take up business loans.
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The governor of South Africa’s Reserve Bank has been appointed to chair an important IMF committee. Countries in sub-Saharan Africa stand to benefit.
Give a man the means to borrow, so the argument goes, and he can work himself out of poverty. But do microfinances’ claims stand up?
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Small loans from governments and philanthropists are often held up as a route out of poverty. But proper research into whether they work is thin on the ground.
B.C.’s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten.
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Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia’s example and make financial literacy mandatory in every grade - across the country.
IMF Managing Director Christine Lagarde at the “G20: Compact With Africa”.
Reuters/Mike Theiler
South Africa will be well advised to start preparing itself for an International Monetary Fund programme as the country faces a deepening economic crisis.
In the US “liar loans” have been identified as one of the key reasons behind the 2008 financial crisis. But how big a problem are poor loan checking practices in Australia?
Questions have been raised over why Adani is in line for public money.
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The proposed loan of Commonwealth money to Adani is on shaky constitutional ground, potentially paving the way for High Court challenge which could change the dynamics of federal-state funding.
Most new cars are now bought on credit.
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