grants // Current TV

Susan G. Komen: The Reversal That Changes Nothing (VIDEO)

All along, SGK has maintained that they discontinued the grants due to the fact that... more

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Republican Scott Newman proposed legislation that would ban state grants from nonprofit organizations

Every gathering of the Legislature has its share of goofy bills, but this one is a... more

bundlebear
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10 months ago
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Hold For-Profit "Colleges" Accountable

Six members of the Congressional Black Caucus (CBC) are supporting a... more

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12 months ago
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How Can We Pay for College?

Heidi discusses the challenges of paying for college when she and her husband fall... more

Progresshiv
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12 months ago
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$50 Million Dollars Available to Documentary Filmmakers!

Thank you Ford Foundation- you will change the world, 1 film at at time!... more

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Online Copyright Protection making a difference, at the New York Film Academy

ProtectRite proudly participated in the Council of Better Business Bureau's... more

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Cinereach Accepting Grant Applications for Winter Awards

Recently while trolling hipster film geek enabler Rooftopfilms.com we came upon this... more

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1 year ago
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Google Sets Up YouTube Grant Program offering 10-100,000 $ for content creation

Google hopes to goose the quality of independent content on YouTube with a grant... more

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Save & Protect Nishad Bagh / Kuppanna Park - Petition

http://picasaweb.google.co.in/indian.tanveer.photos/NishadBaghKuppannaPark... more

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Obama Administration to Announce $975 Million in Health Grants

Feb. 12 (Bloomberg) -- The Obama administration today will announce $975 million in... more

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CSR Minute: 1/27/10 - Microfinance Bulletin; William and Flora Hewlett Foundation's Grants

Corporate Social Responsibility News: Microfinance Institution Exchange's... more

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I have been posting extensively as have others on the way conditional loans and imperial policies have forced Haiti towards destructive economic policies that have left Haiti as susceptible as they were to the earthquake. I have also written on how we should ensure that Haitis desperation was not used to force it into further economic compliance. I have really positive news which says some great things about the IMF and the US given their degree of control over the IMF. The article starts here:

Last Friday I wrote about the IMF's new $100 million loan to Haiti. I cited debt relief activists who told me that the new loan would be an extension of the IMF's existing loan of $165 million. This information was confirmed by the IMF's press release, which stated that "emergency financing would be provided as an augmentation to the existing IMF-supported arrangement with Haiti under the Extended Credit Facility [ECF]." The IMF's announcement provided no further information about conditions that may or may not be attached to the loan and made no mention of future debt relief for Haiti.

My post was based largely on an analysis by Soren Ambrose, the development finance coordinator of ActionAid International, who concluded that augmenting the existing ECF loan to Haiti would impose the same conditions as the original loan. Those conditions include raising prices for electricity, refusing pay raises for any public sector employees except those making minimum wage and keeping inflation as low as possible. Ambrose says that he doesn't know of any established procedure that would exempt an augmentation of an existing program from the program's conditions. (His analysis also noted that Haiti's existing program with the IMF was due to expire at the end of this month and that negotiations on the loan's terms were likely underway already.)

As the IMF announced its $100 million loan under vague and presumably onerous terms, debt relief activists like the folks at Jubilee USA were already calling for a different kind of global response. They were demanding that aid to Haiti come in the form of grants, not loans. But given the magnitude of the crisis and the fact that the IMF does not issue grants, they welcomed the IMF loan in the hopes that its terms could be altered in the future and that Haiti's entire debt could be canceled. At the same time, Naomi Klein and others warned about the possibility that the earthquake would be used as a pretext to amp up Haiti's exposure to the shock doctrine. Activists started a Facebook group, No Shock Doctrine for Haiti, and in less than a week, it has attracted almost 18,000 members. Appeals for debt relief and for the recognition of Haiti's economic sovereignty were written to the Obama administration, the IMF, the World Bank and anyone else who might play a role in Haiti's reconstruction.

Today, the IMF put out an announcement clarifying the terms of its new loan to Haiti--it's "an interest-free loan of $100 million in emergency funds." A spokesman for the IMF emailed me to confirm that "the US$100 million loan does not carry any conditionality. It is an emergency loan aimed at getting the Haitian economy back to function again..." The IMF's managing director Dominique Strauss-Kahn said in a statement that the IMF would immediately work to cancel the entirety of Haiti's debt ($265 million) to the fund:

"The most important thing is that the IMF is now working with all donors to try to delete all the Haitian debt, including our new loan. If we succeed--and I'm sure we will succeed--even this loan will turn out to be finally a grant, because all the debt will have been deleted."

In other words, as the IMF is processing a loan, it is also making a public promise to try to cancel it.

http://www.thenation.com/blogs/notion/519364/imf_clarifies_terms_of_haiti_s_loan

(image here: http://www.iadb.org/news/images/medium/carrefour375.jpg)I have been posting extensively as have others on the way conditional loans and... more

peterzylstramoore
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2 years ago
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Different Sources for Grants for Online College

Grants for online college courses are relatively easy to acquire for students who put... more

Maryleaf
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2 years ago
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Using Graduate School Grants to Pay for School

Graduate school grants are available to nearly every type of student, providing an... more

Maryleaf
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2 years ago
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3 comments

The New, New Educational Paradigm

Read this story on how you can help make college more affordable for all students.

PatCC
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2 years ago
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The Low-Down on Small Business Grants

Ever wondering if your small business qualifies for a grant? Read on to know!

theglobalemployer
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2 years ago
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Arena Stage To Launch New Play Institute

"Arena Stage has received a $1.1 million grant from the Andrew W. Mellon... more

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2 years ago
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Cheeky artist gets £20,000 to look at women's bums

The Arts Council of Wales has awarded a Swansea woman a big chunk of cash to create... more

abbym0308
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2 years ago
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4 comments

Who Say There's No Money for Short Films?

The Reach Film Fellowship, a program of Cinereach Ltd, supports filmmakers who are... more

Cinereach
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2 years ago
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Art Grants Given Away to The Nominally or Unemployed in Union Square

The other day the group set up a table in New York's Union Square and gave away... more

adavis
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3 years ago
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