#international-financial-support

#international-financial-support

The World Bank's recent report argues that government intervention, when done right, can actually be an essential ingredient of economic success, reversing decades of opposition to industrial policy.

The Government is considering the possibility of enhanced tax credits for multinational companies, which include major players like Apple, Eli Lilly, and Microsoft.

The most senior officials from the US Federal Reserve, the European Central Bank, and the Bank of England are expected to take part in a desktop stress test to respond to another Lehman Brothers-style collapse.

"The specific barrier is capital," says Lisa George, global head of the Macquarie Group Foundation. "Without access to capital, it's very hard to get social mobility and educational mobility in life."

Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.

UK-led action to address spiralling national debt in some of the world's poorest countries could more than offset the impact of UK aid cuts, producing net funding gains across water, sanitation, education and health, new research has found.

Politicians must stop prioritising socially and ecologically destructive growth that only increases the profits and serves the consumption demands of the world's richest individuals and corporations. Instead, to tackle the interwoven crises of rising inequality, ecological collapse and a resurgent far-right politics, a new economic agenda is needed.

Jim O'Neill, the economist who coined the term BRIC' 25 years ago, argues that the group is losing its relevance. At its peak, the BRICS coalition of economies Brazil, Russia, India, China and South Africa was seen as a serious attempt to move away from the United States dollar and the domination of Western economic institutions like the World Bank, Group of Seven (G7), and International Monetary Fund (IMF).