Need a new search?
If you didn't find what you were looking for, try a new search!
(Version in Español)
Ahead of my arrival today in Mexico with the IMFs Managing Director Dominique Strauss-Kahn, I can’t help but reflect on how things have changed for the better in Mexico over the past decade in the sphere of economic policy. At the same time, I am struck by the importance of the task ahead for Mexico: grasping the opportunities offered by the changing global scene.
Mexico’s economic institutions have been very substantially strengthened. The balanced budget fiscal rule has supported fiscal discipline and a reduction in public debt. Moreover the structure of this debt has been radically improved—Mexico has created a deep domestic bond market and extended maturities. The introduction of inflation targeting has cemented the credibility of Banxico and fostered a reduction in inflation—that most unequal of taxes on the poorest—to low single digit levels. Meanwhile, the deep commitment to the flexible exchange regime has created an important safety valve for the economy. (more…)
Dora Iakova is an Assistant Director in the IMF’s European Department, currently working on Spain and European climate policies. She has been mission chief for the United Kingdom, Mexico, Chile, Norway, and has led the Regional Studies Division in the Western Hemisphere Department. Prior to that she worked for a number of advanced and emerging market economies in Asia and Europe at the IMF.
The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. (more…)
Corruption, the abuse of public office for private gain, is about more than wasted money: it erodes the social contract and corrodes the government’s ability to help grow the economy in a way that benefits all citizens. (more…)
Marina M. Tavares is an economist in the Research Department of the International Monetary Fund (IMF). She was previously an economist in the Strategy, Policy, and Review Department (SPR) and led the IMF-DFID inequality workstream. Before joining the Fund, Marina worked as an assistant professor at Instituto Tecnologico Autonomo de Mexico (ITAM). She holds a Ph.D. in Economics from the University of Minnesota and an M.A. from the Instituto de Matematica Pura e Aplicada (IMPA). Her research interests include macroeconomics, public finance, gender, and inequality.
The COVID-19 pandemic is devastating labor markets across the world. Tens of millions of workers lost their jobs, millions more out of the labor force altogether, and many occupations face an uncertain future. (more…)