Realizing the Potential of the G20 Compact with Africa

By Christine Lagarde

October 30, 2018

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Power Plant, Abidjan, Cote d’Ivoire. The G20 Compact with Africa was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure. So far, eleven African countries have joined the initiative: Benin, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia (photo: Thierry Gouegnon/Reuters/Newsom)

The Compact with Africa focuses on a fundamental challenge for the continent: how to accelerate private sector investment and create jobs. To realize its full potential, all parties need to deliver. Continue reading “Realizing the Potential of the G20 Compact with Africa” »

By | October 30th, 2018|Africa, Investment, Jobs|

The Wealth of Nations: Governments Can Better Manage What They Own and Owe

By Vitor Gaspar, Jason Harris, and Alexander Tieman

October 10, 2018

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A firefighter in Auckland, New Zealand: when governments know what they own they can put their assets to better use and can earn about 3 percent of GDP more in revenues to spend on citizens’ well being (Photo: Rafael Ben-Ari/Newscom)

What is the state of your personal finances? You probably think first about your debts: your mortgage, your credit card balance, and your student loans. But you probably also think about how much cash is sitting in the bank, the value of your house, and the rest of your nest egg.

Surprisingly, most governments do not approach their finances this way. Continue reading “The Wealth of Nations: Governments Can Better Manage What They Own and Owe” »

Global Growth Plateaus as Economic Risks Materialize

By Maurice Obstfeld

October 9, 2018

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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” »

Give Today’s Children a Chance

By  Christine Lagarde and Vitor Gaspar

September 24, 2018

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Children in early childhood education in Indonesia: more money put into education helps countries achieve their Sustainable Development Goals (Photo: Ajun-Ally/Pacific Press/Newscom)

World leaders are gathering at the United Nations to discuss how to deliver on development for all that is economically, socially, and environmentally sustainable—“The 2030 Agenda for Sustainable Development,” and its 17 Sustainable Development Goals (SDGs). Continue reading “Give Today’s Children a Chance” »

Chart of the Week: Educate Girls and Women to Boost Equality

By IMFBlog

August 22, 2018

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Schoolgirls in Valladolid, Mexico: Policies that focus on educating girls increase the likelihood that they will enter the labor force (photo: kertu_ee/iStock by Getty Images)

Government policies have boosted women’s participation in the work force. But women still make up a smaller percentage of the labor force than men in most countries. Of the many policies available, such as education and legal rights, which ones provide the most “bang for the buck” to reduce inequality between men and women? Continue reading “Chart of the Week: Educate Girls and Women to Boost Equality” »

Trade and Remittances Within Africa

By Francisco Arizala, Matthieu Bellon, Margaux MacDonald, Montfort Mlachila, and Mustafa Y. Yenice

August 1, 2018 

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Countries in sub-Saharan Africa are more closely tied than ever, thanks to rising trade with one another and remittances (photo: AfricaImages/Getty Images by iStock)

Contrary to popular belief, countries in sub-Saharan Africa are more closely tied than ever, thanks to rising trade with one another and remittances—the money people send home when working in another country.  Continue reading “Trade and Remittances Within Africa” »

By | August 1st, 2018|Africa, trade|

The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat

By Maurice Obstfeld

July 16, 2018

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The escalation of trade tensions is the greatest near-term threat to global growth (photo: wildpixel/Getty Images by iStock)

Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced. Continue reading “The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat” »

Chart of the Week: Greenery and Prosperity

By João Tovar Jalles and Prakash Loungani

May 21, 2018

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Brandenburg, Germany: in three advanced economies—Germany, the United Kingdom, and France—emissions have fallen despite the increase in incomes (photo: Caro / Kaiser/Newscom).

Economic growth has traditionally moved in tandem with pollution. But can countries break this link and manage to grow while lowering pollution?

Continue reading “Chart of the Week: Greenery and Prosperity” »

The Digital Gamble: New Technology Transforms Fiscal Policy

By Vitor Gaspar and Geneviève Verdier

April 12, 2018

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Traffic in Singapore: the city uses digital technology for road pricing to manage road congestion congestion (photo: Kua Chee Siong/ SPH/Newscom)..

In Rwanda, digitally-monitored drones deliver blood supplies to hospitals. In Estonia, it takes five minutes to file taxes and 99 percent of government services are available online. Singapore was the first city to implement electronic road pricing to manage congestion. The world is becoming digital, and reliable, timely, and accurate information is available at the push of a button. Governments are following suit, using digital tools for tax and expenditure policy, public financial management, and public service delivery.  Continue reading “The Digital Gamble: New Technology Transforms Fiscal Policy” »

For Home Prices in London, Check the Tokyo Listings

By Claudio Raddatz Kiefer and Jane Dokko

April, 10, 2018

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Hong Kong viewed from Victoria Peak. House prices across countries and cities are increasingly moving in tandem (Photo: Fraser Hall/Robert Harding/Newscom).

If house prices are rising in Tokyo, are they also going up in London?

Increasingly, the answer is yes.

In recent decades, house prices around the world have shown a growing tendency to move in the same direction at the same time. What accounts for this phenomenon, and what are the implications for the world economy? These are questions that IMF economists explore in Chapter 3 of the latest Global Financial Stability Report. Continue reading “For Home Prices in London, Check the Tokyo Listings” »

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