Equity Investors Must Pay More Attention to Climate Change Physical Risk

2020-06-16T08:33:04-04:00May 29, 2020|

By Felix Suntheim and Jérôme Vandenbussche

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The damage from the 2011 floods in Thailand amounted to around 10 percent of Thailand’s GDP, not even considering all the indirect costs through a loss in economic activity in the country and abroad. By some estimates, the total costs of the 2018 wildfires in California were up to $350 billion, or 1.7 percent of U.S. GDP. […]

Countries in the IMF Financial Spotlight in 2020

2021-05-13T12:56:12-04:00January 30, 2020|

By IMFBlog

In 2020, the IMF plans to assess the stability of twelve financial systems. Seven assessments are of jurisdictions with systemically important financial sectors (Austria, Denmark, Hong Kong SAR, Italy, Korea, Norway, and the United States), for which it is mandatory to undergo financial stability assessments every five years. […]

Japan Stands Up

2017-04-15T14:04:30-04:00August 1, 2012|

In a display of its resilience, Japan is getting up once again after the devastating earthquake and tsunami of a year ago. But the world’s third largest economy still faces multiple challenges, and in our latest assessment of the country’s economy, the Japanese mission team at the International Monetary Fund has proposed a range of mutually reinforcing policies to strengthen confidence, raise growth and help restore Japan’s economic vitality.

A Stronger Financial Architecture for Tomorrow’s World

2017-04-15T14:28:20-04:00February 10, 2011|

The international monetary system is a topic that encompasses a wide range of issues—reserve currencies, exchange rates, capital flows, and the global financial safety net, to name a few. Some are of the view that the current system works well enough. I take a less sanguine view. Certainly the world did not end with the crisis that began in 2008 and a recovery is under way. But, it is not the recovery we wanted—it is uneven, unemployment is not really going down, there are widening inequalities, and global imbalances are back. Reform of the international monetary system may be wide-ranging and complex. But concrete reforms are needed to achieve the kind of well-balanced and sustainable recovery that the world needs, and to help prevent the next crisis.

2011—A Pivotal Year for Global Cooperation

2017-04-15T14:30:18-04:00January 4, 2011|

John Lipsky, First Deputy Managing Director of the IMF, looks at the year ahead and says 2011 represents a pivotal time for global economic recovery and for international policy cooperation—as well as for the role of the Fund in addressing these two principal challenges.
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