Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | The US and India have failed the developing world -CP Chandrasekhar & Jayati Ghosh    </title>
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By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress

At the recent G20 and IMF-WB Spring meetings held virtually..."/>
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By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress

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    <h1 class="cat-box-title">The US and India have failed the developing world -CP Chandrasekhar & Jayati Ghosh</h1>
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress</em></p><p style="text-align:justify">At the recent G20 and IMF-WB Spring meetings held virtually in the third week of April 2020, a proposal for the IMF to issue an additional 500 billion of Special Drawing Rights (SDRs) was blocked by the US and &mdash; astonishingly &mdash; India. In the wake of the Covid-19 pandemic and the unprecedented collapse of global economic activity, there had been many calls for the IMF to issue at least one trillion SDRs.</p><p style="text-align:justify">This would be particularly important for all developing countries, since they are currently facing the brunt of the collapse in world trade and tourism as well as sharp reversals in capital flows, which have caused their currencies to depreciate and led to serious problems in servicing their external debts.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-us-and-india-have-failed-the-developing-world/article31390227.ece?homepage=true" title="https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-us-and-india-have-failed-the-developing-world/article31390227.ece?homepage=true">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress</em></p><p style="text-align:justify">At the recent G20 and IMF-WB Spring meetings held virtually in the third week of April 2020, a proposal for the IMF to issue an additional 500 billion of Special Drawing Rights (SDRs) was blocked by the US and &mdash; astonishingly &mdash; India. In the wake of the Covid-19 pandemic and the unprecedented collapse of global economic activity, there had been many calls for the IMF to issue at least one trillion SDRs.</p><p style="text-align:justify">This would be particularly important for all developing countries, since they are currently facing the brunt of the collapse in world trade and tourism as well as sharp reversals in capital flows, which have caused their currencies to depreciate and led to serious problems in servicing their external debts.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-us-and-india-have-failed-the-developing-world/article31390227.ece?homepage=true" title="https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-us-and-india-have-failed-the-developing-world/article31390227.ece?homepage=true">click here</a> to read more.</p>                                                           
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By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress

At the recent G20 and IMF-WB Spring meetings held virtually..." />
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    <h1 class="cat-box-title">The US and India have failed the developing world -CP Chandrasekhar & Jayati Ghosh</h1>
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress</em></p><p style="text-align:justify">At the recent G20 and IMF-WB Spring meetings held virtually in the third week of April 2020, a proposal for the IMF to issue an additional 500 billion of Special Drawing Rights (SDRs) was blocked by the US and &mdash; astonishingly &mdash; India. In the wake of the Covid-19 pandemic and the unprecedented collapse of global economic activity, there had been many calls for the IMF to issue at least one trillion SDRs.</p><p style="text-align:justify">This would be particularly important for all developing countries, since they are currently facing the brunt of the collapse in world trade and tourism as well as sharp reversals in capital flows, which have caused their currencies to depreciate and led to serious problems in servicing their external debts.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-us-and-india-have-failed-the-developing-world/article31390227.ece?homepage=true" title="https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-us-and-india-have-failed-the-developing-world/article31390227.ece?homepage=true">click here</a> to read more.</p>                                                           
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The US and India have failed the developing world -CP Chandrasekhar & Jayati Ghosh

Published on Apr 21, 2020   Modified on Apr 21, 2020

-The Hindu Business Line By blocking a proposal for the IMF to issue new Special Drawing Rights, the two have denied developing countries much-needed liquidity at a time of extreme economic distress At the recent G20 and IMF-WB Spring meetings held virtually in the third week of April 2020, a proposal for the IMF to issue an additional 500 billion of Special Drawing Rights (SDRs) was blocked by the US and — astonishingly — India. In the wake of the Covid-19 pandemic and the unprecedented collapse of global economic activity, there had been many calls for the IMF to issue at least one trillion SDRs. This would be particularly important for all developing countries, since they are currently facing the brunt of the collapse in world trade and tourism as well as sharp reversals in capital flows, which have caused their currencies to depreciate and led to serious problems in servicing their external debts. Please click here to read more.

The Hindu Business Line, 21 April, 2020, https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/the-us-and-india-have-failed-the-developing-world/article31390227.ece?homepage=true

Tagged with: Special Drawing Rights SDRs External Debt Currency Depreciation Capital Flight International Monetary Fund IMF Balance of Payments Covid-19 Coronavirus Economic Recession Economic Depression

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