Need a new search?

If you didn't find what you were looking for, try a new search!

Reigniting Strong and Inclusive Growth in Brazil

By | May 28th, 2015|Economic outlook, Emerging Markets, Employment, Fiscal policy, Globalization, growth, IMF, Inequality, International Monetary Fund, Reform, Uncategorized|

2014MDNEW_04By Christine Lagarde 

(Versions in Español and Português)

Brazil has made remarkable social gains over the past decade and a half. Millions of families have been lifted from extreme poverty, and access to education and health has improved thanks to a series of well-targeted social interventions, such as Bolsa Familia, the conditional cash transfer program. I was privileged to see some of this tangible progress during my visit to Brazil last week.

I met with Tereza Campello, Brazil’s Minister for Social Development, who explained the network of social programs in the country, and guided us on a visit to Complexo do Alemão—a neighborhood and a group of favelas in the North Zone of Rio de Janeiro. We got there after a ride on the recently built cable car, which links several neighborhoods on the hills to the North Zone. This is a great example of infrastructure that has contributed immensely to improving the economic opportunities of people, who now have a quick way to move around and connect to the larger city. The stations themselves are also focal points of the efforts aimed at improving the daily lives of the people of Rio de Janeiro, since they house important services such as the youth center, a social assistance center, a public library, a training center for micro-entrepreneurs, and even a small branch of the bank that distributes the Bolsa Familia monthly grants.

Continue reading “Reigniting Strong and Inclusive Growth in Brazil” »

Unleashing Brazil’s Growth

By | November 27th, 2013|Advanced Economies, Economic outlook, Economic research, Emerging Markets, Finance, Fiscal policy, growth, IMF, International Monetary Fund, Latin America, Public debt, Uncategorized|

By Martin Kaufman and Mercedes García-Escribano

(Version in Español and Português)

Since the early 2000s, Brazil’s economy has grown at a robust clip, with growth in 2010 reaching 7.5 percent—its strongest in a quarter of a century. A key pillar of its hard-won economic success has been sound economic policies and the adoption of far-reaching social programs, which resulted in a substantial decline in poverty.

In the last couple of years Brazil’s growth slowed down. Although other emerging market economies experienced a similar slowdown, the growth outturns in Brazil were particularly disappointing. And the measures taken to stimulate the economy did not produce a sustained recovery. This is because unleashing sustained growth in Brazil requires measures geared not at stimulating domestic demand but at changing the composition of demand towards investment and at increasing productivity.

Continue reading “Unleashing Brazil’s Growth” »

Regional Spillovers in South America: How “Systemic” is Brazil?

By | May 29th, 2012|Economic outlook, Economic research, Emerging Markets, Employment, Finance, Globalization, growth, IMF, Inequality, International Monetary Fund, Investment, Latin America, Politics|

We quantify the spillovers from Brazil to other countries in South America. The results confirm that Brazil has a significant influence on Southern Cone countries, particularly on Mercosur partners (Argentina, Paraguay, and Uruguay), but not on the Andean economies. For the Southern Cone countries, spillovers from Brazil can take two forms: the transmission of shocks originating in Brazil and the amplification (through Brazil) of global shocks. These two factors explain an important share of the fluctuations in economy activity in the Southern Cone countries.

Chart of the Week: Government Debt Is Not the Whole Story: Look at the Assets

By | October 23rd, 2018|Finance, Financial markets, Globalization, Government, Investment, Public debt, U.S.|

By IMFBlog

October 23, 2018

The Millennium Bridge in London, England: governments often don’t include the value of their assets, like bridges and roads, as well as natural resources, when they measure public wealth (Ingram Publishing/Newscom)

Lost track of your personal finances?  You are not alone.  Your government has often lost track of its finances too.  While it keeps close tabs on debt, it is less clear on how much it owns: the assets. Continue reading “Chart of the Week: Government Debt Is Not the Whole Story: Look at the Assets” »

Chart of the Week: Words Count for Central Bank Communications in Latin America

By | October 15th, 2018|banking, Latin America|

By Juan Yepez 

October 15, 2018 

Español, Português

Effective central bank communications are essential in guiding market expectations (photo: lionvision/iStock)

When it comes to central banks in Latin America, sometimes words can speak louder than actions. Continue reading “Chart of the Week: Words Count for Central Bank Communications in Latin America” »

Global Growth Plateaus as Economic Risks Materialize

By | October 8th, 2018|Advanced Economies, Africa, Annual Meetings, Asia, China, developing countries, Emerging Markets, Europe, inclusive growth, Interest Rates, labor markets, Latin America, Low-income countries, U.S.|

By Maurice Obstfeld

October 9, 2018

عربي中文, Español, FrançaisBaˈhasa indoneˈsia, 日本語, Русский

Uncertainty over trade policy is becoming a drag on economic activity (photo: Imagine China/Newscom)

The latest World Economic Outlook report projects that global growth will remain steady over 2018–19 at last year’s rate of 3.7 percent. This growth exceeds that achieved in any of the years between 2012 and 2016. It occurs as many economies have reached or are nearing full employment and as earlier deflationary fears have dissipated. Thus, policymakers still have an excellent opportunity to build resilience and implement growth-enhancing reforms.

Continue reading “Global Growth Plateaus as Economic Risks Materialize” »

Women in Finance: An Economic Case for Gender Equality

By | September 19th, 2018|banking, Finance, Financial markets, Gender issues, inclusive growth|

By Martin Čihák and Ratna Sahay

September 19, 2018

 عربي中文EspañolFrançais, 日本語PortuguêsРусский

A group of women attend an event in Sao Paolo to promote women’s participation in the financial sector: women account for 51% of borrowers in Brazil (Sebastio Mareira/Newscom)

Women are underrepresented at all levels of the global financial system, from depositors and borrowers to bank board members and regulators. Continue reading “Women in Finance: An Economic Case for Gender Equality” »

Back to School Blogs

By | September 7th, 2018|Advanced Economies, developing countries, Economic research, Emerging Markets, Europe, Finance, Globalization, inclusive growth, International Monetary Fund, technology, trade|

By IMFBlog

September 7, 2018 

عربيBaˈhasa indoneˈsia中文, EspañolFrançais,日本語, Português, Русский

Girls on their first day of school: our latest blog helps you catch up on all the news of the summer (Shadi Jarar'ah/Newscom)

As your list of things to do gets longer and the days grow shorter, you know summer is fading, just like your tan.

To help you quickly catch up on the news and policy debates of the summer—if you live in the Northern Hemisphere—our editors have put together a list of our top reads on economics and finance.  Continue reading “Back to School Blogs” »

Steering the World Toward More Cooperation, Not Less

By | September 6th, 2018|Advanced Economies, Global Governance, Globalization, Government, inclusive growth, Inequality|

By Vitor Gaspar, Sean Hagan, and Maurice Obstfeld

September 6, 2018

عربيBaˈhasa indoneˈsia中文,Español, Français日本語,Português,Русский

With the world becoming more interdependent than ever before, countries can achieve a lot when they pull together (photo: Anton Sokolov/iStock by Getty Images)

Countries cooperate if they perceive it to be in their best interests, both economically and politically.  Continue reading “Steering the World Toward More Cooperation, Not Less” »

Christian Saborowski

By | August 21st, 2018|

Christian Saborowski is a Senior Economist in the IMF’s Western Hemisphere Department where he forms part of the Fund’s Mexico team. He previously worked on the Fund’s Brazil and Greece teams focusing on external sector and debt restructuring issues and contributed to a range of analytical projects predominantly on issues of international finance and monetary economics. He holds a PhD from the University of Warwick.

Load More Posts