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BBCNEWS Asia Business Report June 4, 2024 01:39:00

Global ngo recorded the loss of health workers between 2016 and 2021 following imf advice to cut spending in the health sector in several african countries. in ghana over 311,000 nurses were retrenched. in liberia, over5000 nurses were retrenched. in liberia, over 5000 nurses were sent home and in zimbabwe the figure was 110,600. in zambia over 15,000 nurses lost their jobs. actionaid says the cut represents a 15% loss in the number of nurses for each country. so can developing countries solely rely on bailouts from the imf and other financial institutions to address economic challenges? there is no substitute. you can run to the there is no substitute. you can run to the imf there is no substitute. you can run to the imf or there is no substitute. you can run to the imf or the there is no substitute. you can run to the imf or the world - run to the imf or the world bank you will still have to come home to raise your revenue ....

Health Workers , Global Ngo , Health Sector , Over5000 Nurses , The World Bank ,

BBCNEWS World Business Report June 4, 2024 04:51:00

Imf advice to cut spending and the health sector in several african countries. in ghana over 311,000 nurses were entrenched, and liberia 5700 nurses were sent home. and subway, the figure was 110,600. in zambia over 15,000 nurses lost theirjobs, actionaid say the cuts represented are a 15% loss in the number of nurses for each country. so, in developing countries sorely rely on bailouts from the imf and other financial institutions to address economic challenges? there is no substitute economic challenges? there is no substitute for economic challenges? there is no substitute for domestic i no substitute for domestic mobilisation, you can run to the imf and the world you will still have to account for to raise your revenue domestically to service your debts. he raise your revenue domestically to service your debts. to service your debts. he adds developing to service your debts. he adds developing countries - to service your debts. he adds developing countries have i to service ....

International Monetary Fund , Health Sector , Nurses Lost Theirjobs ,

BBCNEWS World Business Report June 4, 2024 10:40:00

To access loans. the current kenyan government says they are charting a different course when seeking new loans. there are many ways of scaling down public service wages and what is not on the table in kenya is that of letting public servants go home. there is no intention either in the short term, in the medium or long term, to sack any civil servants in kenya. the situation is not unique to kenya. spending cuts by other african governments have seen thousands of health care workers lose theirjobs, a situation which has caused the most vulnerable populations to bear the highest burden. back in 2021, actionaid, a global ngo, recorded the loss of health workers between 2016 and 2021, following imf advice to cut spending in the health sector in several african countries. in ghana, over 311,000 nurses were retrenched. in liberia, about 5,700 ....

Central Kenya , Spending Cuts , Health Workers , Global Ngo , Health Care Workers , Health Sector , International Monetary Fund ,

CNN CNN News Central June 4, 2024 13:10:00

Be softening. these numbers coming one day ahead of the release of the key april unemployment report. this morning, we re keeping an eye on l.a. the l.a.-based bank pac west, yet another bank that could be in danger. shares fell more than 50% in after-hours trading on reports that it was exploring strategic options. this coming days after the collapse of first republic bank, which was the second largest bank failure in united states history. here to join me now to break this down is christine romans. let s start with the jobs numbers. sure. what does that indicate is happening? it s essentially a proxy for layoffs. it shows you that layoffs are starting to pick up a little bit. this is after a year of fed rate hikes where they ve been trying to cool down the labor market. 242,000 is that number. for context, before covid, on average it was like 311,000. rising, but still not the kind of layoffs we were seeing or the ....

Pnc Bank , Bank Pac West , Eye On L A The , April Unemployment , First Republic Bank , Jobs Numbers , Christine Romans , Bank Failure , United States History , Labor Market , Fed Rate Hikes ,

CNN CNN News Central June 4, 2024 13:06:00

Get worried down the road if there s a recession. 1.1%. that is stronger but slower than the end of last year. also getting new jobless claim numbers. what are they saying? they re showing resilience as well. 230,000 first time unemployment claims these are people going to the office for the first time filing for benefits. this is down 16,000 from the prior week. in the decade before the pandemic, the average was 311,000 every week. so this is still historically pretty low. with all of those headlines every day of we re in the middle of job cuts from 3m, disney, here and there, when you look at these numbers it s still a strong job market. it s confusing to me. maybe there is more clarity. does this offer more clarity or what does jerome powell see in this? those trying to slow a super ....

Job Cuts , Job Market ,