IMF

The United States Dollar at Risk of Sudden Collapse, Ex-IMF Official Warns

Jul

Corona virus, Dollar, IMF, the United States, US Federal Reserve

The United States Dollar at Risk of Sudden Collapse, Ex-IMF Official Warns

PEJOURNAL - With the United States expected to double down on its fiscal stimulus measures to mitigate the economic fallout from the corona virus pandemic, and the US Federal Reserve continuing its aggressive monetary policy easing, there is a rising risk of a sudden loss of confidence in the US dollar, according to a former senior executive with the International Monetary Fund (IMF), China Morning Post Reported. Zhu Min, who was deputy managing director of the IMF from 2011 to 2016, said the US dollar’s position as the dominant global currency was at risk of being eroded because of mounting…

Jul

ASEAN, Belt and Road Initiative, China, COVID-19, IMF, pejournal, Political Economy Journal, South Asian, South China Sea, Sri Lanka

China’S string of pearls in peril

BY: Navomee Ponnamperuma* PEJOURNAL - In recent months, China has come under much scrutiny for its policies, starting from their mismanagement of the current global pandemic to the renewed hardline approach taken towards Hong Kong. Amidst the chaos, many in the West have overlooked the economic stronghold China has been building in the South Asian region, thanks to President Xi Jinping’s project of the century, the Belt and Road Initiative (BRI). A project that certain academics refer to as China’s ‘debt-trap diplomacy’. Contrary to Western institutions such as the International Monetary Fund (IMF) and the World Bank, China offers a…