Eric Martin Journalist Profile

Articles

Trump Hosts Salvadoran Leader Who’s Aiding Migrant Crackdown (1)

1 week ago | news.bloombergtax.com | Matthew Bristow |Eric Martin

In just a decade, El Salvador has gone from murder capital of the world to become a nation where mass incarceration and hardline policing have brought peace to the streets. On Monday, Salvadoran President Nayib Bukele will have a chance to take a victory lap in the Oval Office with US President Donald Trump, who is sending alleged migrant gang members to Bukele’s mega-jail for a fee over the objections of some US judges.
Trump Hosts Salvadoran Leader Who’s Aiding Migrant Crackdown (1)

1 week ago | news.bloomberglaw.com | Matthew Bristow |Eric Martin

In just a decade, El Salvador has gone from murder capital of the world to become a nation where mass incarceration and hardline policing have brought peace to the streets. On Monday, Salvadoran President Nayib Bukele will have a chance to take a victory lap in the Oval Office with US President Donald Trump, who is sending alleged migrant gang members to Bukele’s mega-jail for a fee over the objections of some US judges.
Ex-Man United boss Solskjær named Besiktas head coach.

Jan 18, 2025 | fullview.co.za | Eric Martin

Staff Reporter. Turkish side Besiktas have appointed former Manchester United player and manager Ole Gunnar Solskjær as head coach, the club has confirmed. The 51-year-old Norwegian has signed an 18-month deal – with an option for the 2026-27 season – in what is his first managerial position since being sacked by United in 2021.
World Bank warns that US tariffs could reduce global growth outlook.

Jan 18, 2025 | fullview.co.za | Eric Martin

By Eric Martin, Bloomberg. The World Bank warned that developing economies will face tougher years ahead, with growth globally too slow to boost living standards and a climate of high policy uncertainty deterring advanced-nation investment in poorer countries.
IMF lifts global growth forecast on stronger US demand

Jan 17, 2025 | afr.com | Eric Martin

Washington | The International Monetary Fund upgraded its global growth forecast for this year, spurred by stronger-than-expected US demand and slowing inflation worldwide that will let central banks continue to cut interest rates. The IMF raised its projection to 3.3 per cent in an update to its World Economic Outlook on Friday, 0.1 percentage point more than its previous forecast in October. It kept the estimate for 2026 unchanged at 3.3 per cent. Loading... Bloomberg
Looming Debt Spiral in Emerging Markets Raises Pressure on IMF

Oct 29, 2024 | news.bloomberglaw.com | Jorgelina do Rosario |Eric Martin

A liquidity crunch is brewing across the developing world, raising pressure on US-backed international financial institutions to help poor nations meet mounting debt repayments and drive much-needed investments. The Washington-based International Monetary Fund and World Bank last week unveiled a three-pronged approach to help countries deal with a wall of maturities due over the next three years.
IMF warns low growth, less trade and

Oct 20, 2024 | fullview.co.za | Eric Martin

By Eric Martin, Bloomberg. The International Monetary Fund warned that wars, trade tensions, high debt and low growth threaten to prolong a lackluster economic era and leave nations without the resources to reduce poverty and confront climate change.
White House walks back Biden comment on renewed Venezuelan election

Aug 15, 2024 | business-standard.com | Eric Martin

The White House on Thursday walked back President Joe Biden's apparent suggestion that Venezuela hold a new election after the comment prompted questions about the US position on a July vote that it has consistently said Nicolas Maduro's regime rigged.
IMF warns sticky inflation could keep interest rates 'higher for even longer'

Jul 16, 2024 | smh.com.au | Eric Martin

The International Monetary Fund warned that inflation in many major economies has been cooling slower than expected, flagging a potential risk to global growth from interest rates staying higher "for even longer."The Washington-based lender, in an update to its flagship World Economic Outlook released on Tuesday, zeroed in on stubborn services inflation, mainly driven by higher wages. It also pointed to price pressures from trade and geopolitical tensions, particularly on commodities like oil.
President Biden's push for World Bank funds to compete with China stalls

Apr 16, 2024 | business-standard.com | Eric Martin |Shawn Donnan

A US plan to raise billions of dollars in additional resources for the World Bank to counter China's lending to the developing world has stalled less than nine months after President Joe Biden made it a centerpiece of his meetings with fellow Group of 20 leaders last year. The plan, championed by Biden and the White House at last September's G-20 leaders summit in New Delhi, was to send $3.3 billion to the World Bank, led by its new president, Ajay Banga.