Maju Varghese, Author at Centre for Financial Accountability

A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People

The financial package, amounting to Rs 20 lakh Crore and claimed to be 10% of the GDP was announced by the Prime Minist...

Blog Indian Economy

Article

Elite Capture of resources, the continuing saga of exploitation: A case of World Bank

World Bank Aid or that matter any aid and its impact on countries has been a controversial discussion in development fi...

World Bank

Article

When Chief Economists leave the Bank, Credibility Walks Out too

Chief Economist, Pinelopi Koujianou Goldberg known as Penny Goldberg announced her resignation from the World Bank from...

International Finance International Finance Institutions World Bank

Article

The Invisible hand of International Financial Institutions (IFIs)

(How Public Banks are going to be privatised and land, labor reforms are being gradually pushed in the country) In a cap...

International Finance International Finance Institutions

Article

Ease of Doing Business – what does it conceal?

India is now a poster boy for the World Bank’s much-criticised Doing Business Report (DBR), and its associated country r...

International Finance World Bank

Article

People over business – Why Ease of Doing Business hurt people and environment

In the last week, we saw two indices, which were released globally. One on hunger and another on Ease of Doing Business....

Blog International Finance International Finance Institutions National Financial Institutions NFIs

Article

The Accountability of Climate Crisis also Lies with the Financial System

‘We are in the beginning of a mass extinction, and all you can talk about is money and fairy tales of eternal econ...

Blog Energy International Finance National Financial Institutions

Article

Snippets from the World of International Financial Institutions – August, 2019

IMF Chief Election Over 100 organisations across the world recently signed an open letter demanding an end to the ‘Gentl...

Blog International Finance International Finance Institutions New Development Bank

Article

Kerala Enters into Partnership with the World Bank

Kerala became the first state to enter into a state partnership with World Bank based on their new Country Partnership F...

Blog

Article

Snippets from the World of International Financial Institutions – July, 2019

The Resignation of IMF Chief, and Western Dominance in IFIs Christine Lagarde, IMF’s Managing Director, resigned this mo...

Blog International Finance World Bank

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May 26, 2020

Maju Varghese

A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People

The financial package, amounting to Rs 20 lakh Crore and claimed to be 10% of the GDP was announced by the Prime Minister with much fanfare. Yet when details were announced by the Finance Minister, in the consecutive days, no substantial or even cosmetic relief was found for the masses. Masses whic...

Blog Indian Economy

Article

March 25, 2020

Maju Varghese

Elite Capture of resources, the continuing saga of exploitation: A case of World Bank

World Bank Aid or that matter any aid and its impact on countries has been a controversial discussion in development finance circles. While it is true that aid provides an important source of income for poorer countries and has an effect on reducing poverty, there are debates on how the powerful a...

World Bank

Article

March 12, 2020

Maju Varghese

When Chief Economists leave the Bank, Credibility Walks Out too

Chief Economist, Pinelopi Koujianou Goldberg known as Penny Goldberg announced her resignation from the World Bank from 1st March 2020. She will be going back to her teaching job at Yale University. This marks the end to a period of time where World Bank, IMF and OCED together were headed by women ...

International Finance International Finance Institutions World Bank

Article

January 15, 2020

Maju Varghese

The Invisible hand of International Financial Institutions (IFIs)

(How Public Banks are going to be privatised and land, labor reforms are being gradually pushed in the country) In a capitalist system, it is said that the market correct itself through the invisible hands of supply and demand. This hand however is partly visible when we look through at Internationa...

International Finance International Finance Institutions

Article

December 17, 2019

Maju Varghese

Ease of Doing Business – what does it conceal?

India is now a poster boy for the World Bank’s much-criticised Doing Business Report (DBR), and its associated country rankings index (EODB) (see Observer Winter 2018). The country has drastically improved its place in the EODB index, rising from the 142nd position in 2014 to 63rd in 2019, a 79-plac...

International Finance World Bank

Article

October 26, 2019

Maju Varghese

People over business – Why Ease of Doing Business hurt people and environment

In the last week, we saw two indices, which were released globally. One on hunger and another on Ease of Doing Business. India slipped from 95th position to 102nd position out of 117 countries in Global Hunger Index.[1] While the country gained another 14 points in Ease of doing business jumping fro...

Blog International Finance International Finance Institutions National Financial Institutions NFIs

Article

September 28, 2019

Maju Varghese

The Accountability of Climate Crisis also Lies with the Financial System

‘We are in the beginning of a mass extinction, and all you can talk about is money and fairy tales of eternal economic growth – how dare you!’ These are the words of young Greta Thunberg, a sixteen year school girl who have ignited a passion among school children, youths and climat...

Blog Energy International Finance National Financial Institutions

Article

September 2, 2019

Maju Varghese

Snippets from the World of International Financial Institutions – August, 2019

IMF Chief Election Over 100 organisations across the world recently signed an open letter demanding an end to the ‘Gentleman Agreement,’ as per which only Europeans are selected as the Managing Director of the International Monetary Fund (IMF). The signatories stated that international institutions ...

Blog International Finance International Finance Institutions New Development Bank

Article

July 29, 2019

Maju Varghese

Kerala Enters into Partnership with the World Bank

Kerala became the first state to enter into a state partnership with World Bank based on their new Country Partnership Framework 2018-22. The partnership is for a development policy loan of USD 500 million (Rs 3500 crore). The support will be for Resilient Kerala Initiative to enhance the state’s ...

Blog

Article

July 27, 2019

Maju Varghese

Snippets from the World of International Financial Institutions – July, 2019

The Resignation of IMF Chief, and Western Dominance in IFIs Christine Lagarde, IMF’s Managing Director, resigned this month after she was nominated to head the European Central Bank. She previously served as France’s finance minister during 2007-2011. This year, Lagarde’s exit from IMF is the second...

Blog International Finance World Bank

Article

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Our Money | Our Rights | Our Voice

Maju Varghese

A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People

Elite Capture of resources, the continuing saga of exploitation: A case of World Bank

When Chief Economists leave the Bank, Credibility Walks Out too

The Invisible hand of International Financial Institutions (IFIs)

Ease of Doing Business – what does it conceal?

People over business – Why Ease of Doing Business hurt people and environment

The Accountability of Climate Crisis also Lies with the Financial System

Snippets from the World of International Financial Institutions – August, 2019

Kerala Enters into Partnership with the World Bank

Snippets from the World of International Financial Institutions – July, 2019

A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People

Elite Capture of resources, the continuing saga of exploitation: A case of World Bank

When Chief Economists leave the Bank, Credibility Walks Out too

The Invisible hand of International Financial Institutions (IFIs)

Ease of Doing Business – what does it conceal?

People over business – Why Ease of Doing Business hurt people and environment

The Accountability of Climate Crisis also Lies with the Financial System

Snippets from the World of International Financial Institutions – August, 2019

Kerala Enters into Partnership with the World Bank

Snippets from the World of International Financial Institutions – July, 2019

CFA