Need a new search?

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

5 Things You Need to Know About the IMF and the Sustainable Development Goals

2019-03-13T15:53:53-04:00July 26, 2018|

By Tony Annett and Chris Lane

July 26, 2018 

Version in عربي , 中文EspañolBaˈhasa indoneˈsia, 日本語,  PortuguêsРусский 

The global economic juggernaut is bumping into the boundaries of environmental safety (photo: Infogram).

Although we live in an age of unparalleled wealth and technological achievement, billions of people are still suffering from poverty, hunger, exclusion, and conflict. (more…)

Alexandros Mourmouras

2018-03-07T09:16:34-05:00March 6, 2018|

Alex Mourmouras is division chief in the Asia and Pacific department of the IMF where he has served as mission chief for Vietnam, Singapore and Malaysia. He was previously division chief in the IMF Institute for Capacity Development and economist in the Fund’s Policy Development and Review and Fiscal Affairs Departments. He holds a Ph.D in economics from the University of Minnesota and a BA degree from Harvard College.

 

 

Latest Post:

Helping Feed the World’s Fast-Growing Population

2019-03-26T12:59:13-04:00January 31, 2017|

rabah-arezki-imfBy Rabah Arezki

Agriculture and food markets are plagued with inefficiencies that have dramatic consequences for the welfare of the world’s most vulnerable populations. Globally, farm subsidies amount to over $560 billion a year—equivalent to nearly four times the aid given to developing countries by richer ones. Major emerging-market nations have increased subsidies rapidly, even as rich nations cut theirs drastically. Meanwhile, tariffs on farm products remain a major point of contention in global trade talks.

One third of global food production goes to waste, while food insecurity is still rampant in developing countries. Even with the explosion of agricultural productivity since the middle of the 20th century, food security remains a challenge for much of the developing world. Food-calorie production will have to expand by 70 percent by 2050 to keep up with a global population that’s forecast to grow to 9.7 billion from last year’s 7.3 billion. Food insecurity can lead to violence and conflicts that can spill over well beyond borders.  (more…)

Who Wins and Who Loses As China Rebalances

2019-03-27T09:35:33-04:00May 12, 2016|

By Serkan Arslanalp, Thomas Helbling, Jaewoo Lee, and Koshy Mathai

Version in 中文  (Chinese)

China’s economy leaves nobody indifferent. The world is watching closely as the second largest economy in the world is shifting its growth model from an export-driven one to one centered on household consumption. As China’s economy slows and rebalances, its impact is being felt on an already fragile global economy, and particularly in the rest of the Asia region. Our recent studies show that while China’s rebalancing will adversely affect some Asian economies, it will also open opportunities for several others.

(more…)

The Change in Demand for Debt: The New Landscape in Low-income Countries

2019-03-27T12:06:24-04:00February 17, 2016|

By Andrea F. Presbitero and Min Zhu

(Versions in 中文 (Chinese), Français, and Português)

Many low-income developing countries have joined the group of Eurobond issuers across the globe— in sub-Saharan Africa (for example, Senegal, Zambia, and Ghana), Asia (for example, Mongolia) and elsewhere, raising over US$21 billion cumulatively over the past decade. Tapping these markets provides a new source of funds, but also exposes borrowers to shifts in investor sentiment and rising global interest rates.

(more…)

Competitiveness in Sub-Saharan Africa: Time to Move Ahead

2019-03-27T12:14:18-04:00January 28, 2016|

Antoinette Sayeh2

By Antoinette Sayeh

(Versions in EspañolFrançais, and Português)

The sub-Saharan Africa region is facing severe shocks associated with the steep decline in commodity prices and tightening global financial conditions. Against this background, it’s a good time to look back at the region’s recent growth experience and examine the relationship between growth rates and competitiveness. The extent to which sub-Saharan African companies are able to compete against their foreign competitors (that is, the extent to which they are competitive) could indeed play a role in sustaining growth going ahead.

(more…)

China and Africa: Will the Honeymoon Continue?

2019-03-27T13:04:17-04:00December 21, 2015|

By Wenjie Chen and Roger Nord

(Versions in عربي中文, Français, Português, and Español)

China’s President Xi Jinping’s recent pledge of US$60 billion in financial support over the next three years illustrates the depth of the partnership between China and Africa.

However, China’s shift from an investment-heavy, export led growth strategy to an economic model that relies more on domestic consumption has led to a dramatic decline in commodity prices. Lower commodity prices and lower volumes of trade have hit sub-Saharan Africa’s commodity exporters hard. But over the medium term, this shift may offer sub-Saharan African countries the opportunity to diversify their economies away from natural resources, and create jobs for their young populations, provided they pursue the right policies to foster competitiveness and integrate into global value chains.

(more…)

Tackling Inequality in sub-Saharan Africa Could Yield Mileage on Growth

2019-03-27T14:12:49-04:00November 16, 2015|

Antoinette Sayehby Antoinette Sayeh

(Versions in Français and Português)

Rising inequality is both a moral and economic issue that has implications for the general health of the global economy, and impacts prosperity and growth.

So it’s not surprising that reducing inequality is an integral part of the Sustainable Development Goals  adopted by world leaders at the United Nations summit in September. I often discuss with my colleagues where sub-Saharan Africa stands with respect to these objectives. Unfortunately, the region remains one of the most unequal in the world, on par with Latin America (see Chart 1). In fact, inequality seems markedly higher at all levels of income in the region than elsewhere (see Chart 2).

(more…)

Financing for Sustainable Development: Money and the Right Policies

2019-03-27T16:05:52-04:00June 11, 2015|

By Min Zhu and Sarwat Jahan

(Versions in Español,  عربي)

Countries will start a new chapter in their development this year with the United Nation’s Sustainable Development Goals. Designed to replace the Millennium Development Goals, these new goals will broaden the vision of development to embrace economic, social, and environmental issues. To achieve these goals, two elements are critical: money and the right policies to use the money. The IMF, along with many others in the global community, will partner with countries to bring these two elements together.

(more…)

Acting Collectively: A Better Way to Restructure Government Debt

2017-04-14T01:51:25-04:00November 24, 2014|

By Sean Hagan 

(version in Español)

To restructure or not to restructure? That is a question few governments would like to face. Yet, if a country does find itself with an unsustainable debt burden, one way or another, it will have to be restructured. And if that time comes, it is better for the debtor, creditors, and the entire financial system that the restructuring be carried out in a prompt, predictable, and orderly manner.

The global financial crisis ushered in a new wave of sovereign debt crises that has reinvigorated discussions over the current framework for sovereign debt restructuring. The experience with Greece’s debt restructuring in 2012 and the ongoing litigation involving Argentina, in particular, provide a salutary reminder that vulnerabilities remain.

(more…)

Load More Posts