Managing Debt Vulnerabilities in Low-Income and Developing Countries

2018-04-03T15:10:22+00:00March 22, 2018|

By Tao Zhang

March 22, 2018

Versions in Português (Portuguese)  

Congested streets in Dhaka, Bangladesh. In a third of low-income countries, including Bangladesh, government deficits finance investment in much needed infrastructure (photo: Motoya Taguchi/Jiji Press/Newscom).

Government debt in some of the world’s poorest countries is rising to risky levels, a new IMF report shows. The report looks at economic developments and prospects among the world’s low-income countries, which account for a fifth of the world’s population but only four percent of global output. (more…)

Public Spending on Health Care under IMF-Supported Programs

2017-05-17T15:29:54+00:00March 9, 2017|

By Sanjeev Gupta and Baoping Shang

Versions in Français (French)

Government policies matter when it comes to public health. And when a country’s economy is suffering a severe economic crisis, the decisions become even more critical.  Over the past few decades, protecting social programs and spending on health has been a cornerstone of the IMF’s support for countries.

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Tharman Sees “Greater Global Policy Resolve”

2017-04-15T14:01:15+00:00October 14, 2012|

The world is now in a much better situation than six months ago when it comes to policy solutions, according to Tharman Shanmugaratnam, Singapore's Deputy Prime Minister and Minister for Finance , who is Chair of the IMF's policy-setting committee, the IMFC, speaking about the outcome of the IMF-World Bank annual meetings in Tokyo.

Making the Most of Bad Situations

2017-04-15T14:15:40+00:00December 13, 2011|

Governments in low-income countries are having to deal with a lot of bad news these days. Slow growth in the advanced economies is dampening demand for their exports and affecting inflows of investment, aid, and remittances. Changes in credit conditions elsewhere influence the availability of trade finance. Volatility in commodity prices creates problems for both importers and exporters. Meanwhile, climactic and other natural disasters continue to occur at the local and regional level.

Heartbreak and Hardship—Finding a Way Out for Fragile States

2017-04-15T14:19:19+00:00September 7, 2011|

War-torn Iraq, quake-ravaged Haiti, conflict-devastated Sierra Leone. So many countries around the world face the legacy of terrible hardships that have left them scarred and fragile. Some have questioned whether the IMF has a meaningful role to play in these countries, but they couldn’t be more wrong. A recent review found that the IMF has played an important positive role in fragile states. This doesn’t mean we always got it right. We can do better. There is plenty of scope to adapt how we engage in these countries; to be more flexible and deepen cooperation with other development partners. In this post, Dominique Desruelle discusses a few ideas that we’ll be exploring—and discussing with stakeholders—in the months ahead, including at a high-level public seminar in Washington later this month.

When Reality Doesn’t Bite—Misconceptions about the IMF and Social Spending

2017-04-15T14:19:24+00:00August 31, 2011|

All too often we hear the claim that the programs the IMF supports in low-income countries hurt the most vulnerable by forcing cuts in social spending. This is a misconception. Our study concludes that, contrary to these claims, IMF-supported programs boost education and health spending in low-income countries for as long as countries are engaged with the IMF.

Help in the Neighborhood: ‘Just a Phone Call Away’

2017-04-15T14:39:46+00:00March 25, 2010|

Regional technical assistance centers have gradually evolved to play a major role in IMF technical assistance. These centers, which are largely donor financed, have become important vehicles for helping countries carry out economic reforms. Their objective is to assist countries in designing and implementing their poverty reduction and broader developmental strategies and help countries integrate into the world economy.

More Asian Geese Ready to Fly

2017-04-15T14:39:48+00:00March 22, 2010|

The emergence of successive waves of new growth drivers not only benefits Asia, through the creation of trade and investment linkages and greater Asian integration, the formation of North-South economic linkages means wider benefits accrue.

This Time It’s Different

2017-04-15T14:40:05+00:00March 12, 2010|

IMF Managing Director Dominique Strauss-Kahn assesses progress in Africa and pulls together some common themes from his visit to Kenya, South Africa, and Zambia.

Africa Is Back

2017-04-15T14:40:17+00:00March 9, 2010|

In the wake of the global financial crisis, there is a fresh energy in Sub-Saharan Africa--and a broad consensus on the road ahead. Above all, there is the strong sense that Africa's destiny will be driven by Africans, not by others.

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