The Uneven Path Ahead: The Effect of Brexit on Different Sectors in the UK Economy

2019-03-13T10:57:28-04:00December 4, 2018|

By Jiaqian Chen

December 4, 2018

عربي, 中文Español, Français日本語,  PortuguêsРусский

A UK border agency worker holds a passport: As a member of the European Union, free labor mobility has enabled the UK to hire talent from across the EU (photo: Mac Gregor/Reuters/Newscom)

The United Kingdom is set to leave the European Union in March 2019. Our research suggests that all likely Brexit outcomes will entail an economic cost for the UK, and these costs would be unevenly spread across different sectors and regions. […]

Chart of the Week: Grading the G-20 on its Growth Goals

2019-03-13T11:50:42-04:00November 19, 2018|

By Helge Berger and Margaux MacDonald

November 19, 2018 

Español, Português

Growth is stronger in the G-20 but progress toward more balanced, sustainable, and inclusive growth is slow (photo: Egon Bömsch imageBROKER/Newscom)

This blog is dedicated to the memory of Giang Ho, an IMF economist who died suddenly this past August. Her efforts and ingenuity were critical to carrying out this analytical work. We miss her and will never forget her. 
[…]

Women in Finance: An Economic Case for Gender Equality

2019-03-13T14:25:03-04:00September 19, 2018|

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. […]

Asia Needs More Access to Financial Services to Grow

2019-03-13T14:26:34-04:00September 18, 2018|

By  Sarwat Jahan, Elena LoukoianovaCormac Sullivan and Yongzheng Yang

September 18, 2018

中文, 日本語

A customer pays at a supermarket using her smartphone in Bangkok, Thailand: urban and rural areas in the region widely use mobile payment platforms to access financial services (photo: Li Mangmang Xinhua News Agency/Newscom)

In Asia, the world’s fastest-growing region, expanding access to financial services for more people will mean higher growth, as well as lower poverty and inequality. […]

Chart of the Week: Equal Pay Remains a Global Issue

2019-03-13T15:27:01-04:00August 6, 2018|

By IMFBlog

August 6, 2018

Versions in عربي中文,  EspañolFrançais日本語, PortuguêsРусский 

The G7 countries, which are committed to the need for closing the gender gap, have a wage gap average of about 16 percentage points (photo: iStock by GettyImages).

In the battle for the parity of the sexes, some countries have made progress in reducing inequality—such as in access to health care, education, and financial services—but worldwide, men still have more economic opportunities than women. […]

Addressing the Dark Side of the Crypto World

2019-03-15T09:34:57-04:00March 13, 2018|

By Christine Lagarde

March 13, 2018

Versions in  عربي (Arabic),  中文 (Chinese), Français (French),  baˈhasa indoneˈsia (Indonesian),  日本語 (Japanese), Português (Portuguese), Русский (Russian)

The same reason crypto-assets like Bitcoin are so appealing is also what makes them dangerous (iStock by GettyImages).

Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets?

The technology behind these assets—including blockchain—is an exciting advancement that could help revolutionize fields beyond finance. It could, for example, power financial inclusion by providing new, low-cost payment methods to those who lack bank accounts and in the process empower millions in low-income countries. […]

Fintech Quiz: How Much Do You Know?

2019-03-14T15:13:43-04:00March 12, 2018|

By IMFBlog

March 12, 2018

Rapid advances in digital technology are transforming the financial services landscape (iStock by Getty Images).

From artificial intelligence to cryptography, rapid advances in digital technology are transforming the financial services landscape, creating opportunities and challenges for consumers, service providers, and regulators alike. This new wave of technology is often called “fintech” and the industry is thriving. Consumers worldwide are using two or more fintech services, sometimes without knowing they are using fintech services. […]

Ending Harassment Helps #TheEconomyToo

2019-03-15T10:01:29-04:00March 5, 2018|

By Christine Lagarde, Corinne Deléchat, and Monique Newiak

March 5, 2018

Versions in عربي (Arabic),  中文 (Chinese), Español (Spanish), Français (French), 日本語 (Japanese), Português (Portuguese)

Women who live in countries with stronger protection against harassment, including at work, are more likely to open a bank account, borrow and save, and use financial services such as mobile payments (iStock by Getty Images).

This International Women’s Day is bringing new calls to #pressforprogress on gender parity. Giving women and girls the opportunity to succeed is not only the right thing to do—it can also transform societies and economies.

Unlocking this transformative potential means pushing for more equal opportunities: for example, equality in legal rights for men and women, and equality in access to education, health, and finance. Just as important is the fundamental issue of ensuring a safe environment for all, including protection against harassment. […]

A Digital-Savvy Indonesia

2019-03-15T10:19:28-04:00February 22, 2018|

By Tidiane Kinda and Ting Yan

February 22, 2018

Version in  中文 (Chinese), baˈhasa indoneˈsia (Indonesian)

A salesperson shows a customer the latest smartphones in a showroom in Jakarta, Indonesia: the use of mobile internet services continues to grow rapidly in the country (photo: Beawhiharta/Reuters/ /Newscom).

With the third largest youth population in the world and 130 million active social media users, Indonesia is poised to become the biggest digital economy country in Southeast Asia. To fully embrace the digital opportunity, Indonesia must enhance its infrastructure and increase internet penetration to lift economic growth and productivity.

According to a McKinsey report, digitization could expand Indonesia’s economy by 10 percent of GDP and add 3.7 million jobs by 2025. […]

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