Hacker News with Generative AI: International Finance

Exorbitant Privilege (wikipedia.org)
The term exorbitant privilege (privilège exorbitant in French) refers to the benefits the United States has due to its own currency (the US dollar) being the international reserve currency.
Economics, International Finance, United States
42 points by niklasbuschmann 3 days ago | 4 comments
Rights groups urge IMF to address corruption in Covid-19 emergency funding (cgtn.com)
A group of civil society organisations from across the world called on the International Monetary Fund to include anti-corruption measures in all its COVID-19 related emergency funding.
International Finance, Corruption, COVID-19, Civil Society, IMF
17 points by wallbrownf 157 days ago | 2 comments
As world debt hits $100T, IMF warns deficit must be brought under control (politico.eu)
The debt owed by governments around the world will surpass $100 trillion by year-end and is an increasing threat to the global economy, the International Monetary Fund warned on Tuesday.
Global Economy, International Finance, Debt, IMF, Government Spending
8 points by hhs 168 days ago | 4 comments
The Double Irish Dutch Sandwich: End of a Tax Evasion Strategy (conversableeconomist.com)
I wrote a decade ago about the Double Irish Dutch Sandwich, a strategy for corporations to evade taxes that was widespread and large-scale enough to come to the attention of the International Monetary Fund. But due to various changes in national and international tax agreements, the strategy seems to have faded substantially.
Tax Evasion, International Finance
241 points by speckx 197 days ago | 238 comments
Fossil Fuel Subsidies Surged to Record $7T (2023) (imf.org)
Fossil Fuels, Economics, Climate Change, International Finance
12 points by julienchastang 217 days ago | 0 comments