Illuminating Dark Corners of the Global Economy
This issue of Finance & Development reminds me of a Sufi parable. A woman sees a mystic searching for something outside his door. […]
China Deepens Global Finance Links as It Joins Benchmark Indexes
By Sally Chen, Dimitris Drakopoulos, and Rohit Goel
China is embarking on the next stage of its integration into global financial markets. […]
State Ownership in Europe’s Former Socialist States: The Unfinished Reform Agenda
By Poul Thomsen
As we approach the 30th anniversary of the fall of the Berlin Wall, the former socialist countries of Central, Eastern, and Southeastern Europe (CESEE) have made tremendous progress in becoming full-fledged market economies and raising income levels. […]
Let Bank Supervisors Do Their Jobs
By Tobias Adrian and Aditya Narain
Healthy banking sector. Healthy economy. So goes the thinking. Banks play a vital role in economic life—whether for individual consumers, or more broadly across an entire economy—and a strong and stable banking system is a matter of public concern. […]
Give Today’s Children a Chance
By Christine Lagarde and Vitor Gaspar
September 24, 2018
عربي, 中文, Español, Français, Baˈhasa indoneˈsia, 日本語, Português, Русский
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). […]
5 Things You Need to Know About the IMF and the Sustainable Development Goals
By Tony Annett and Chris Lane
July 26, 2018
Version in عربي , 中文, Español, Baˈhasa indoneˈsia, 日本語, Português, Русский
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. […]
Mounting Debt Threatens Sustainable Development Goals
By Chris Lane and Elliott Harris
April 27, 2018
Versions in baˈhasa indoneˈsia(Indonesian), Español (Spanish), Français (French), Português (Portuguese)
A market in Port-au-Prince, Haiti: some developing countries are falling behind when it comes to incomes (photo: Dumont Bildarchiv/Newscom).
In 2015, 193 countries adopted the 17 Sustainable Development Goals (SDGs) as an overarching policy roadmap through 2030. These goals are predicated on the idea that for a sustainable future, economic growth must go hand-in-hand with social inclusion and protection of the environment.
Our respective institutions, the United Nations Department of Economic and Social Affairs (UNDESA) and the International Monetary Fund (IMF), fully support these goals. From the UN perspective, they represent a down payment on a more peaceful, prosperous, and cooperative world, especially in increasingly perilous times. For the IMF, they help underpin economic stability and sustainable and inclusive economic growth. […]
Shining a Bright Light into the Dark Corners of Weak Governance and Corruption
April 22, 2018
Versions in عربي (Arabic), 中文 (Chinese), Español (Spanish), Français (French), baˈhasa indoneˈsia (Indonesian), 日本語 (Japanese), Português (Portuguese), Русский (Russian)
Anti-corruption strategies require broader regulatory and institutional reforms (photo: Kritchanut/iStock).
The IMF Executive Board has just endorsed a new framework for stepping up engagement on governance and corruption in our member countries. Let me talk about why this is important and what it means for our work.
The Art in Artificial Intelligence: Make the Robots Serve the Public Good
January 11, 2018
Versions in 中文 (Chinese), Español (Spanish), Français (French), 日本語 (Japanese), Русский (Russian)
Artificial intelligence can create a roadmap for future opportunities if utilized appropriately (photo: monsitj/iStock by Getty Images).
Over the past few years, artificial intelligence has rapidly matured as a viable field of technology. Machines that learn from experience, adjust to new inputs, and perform tasks once uniquely the domain of humans, have entered our daily lives in ways seen and unseen. Given the current breakneck pace of change and innovation, the question for governments and policymakers is how to harness the benefits of artificial intelligence, and not be trampled by the robot takeover of our nightmares. The answer is simple: make them work for us. […]
‘Soft’ Infrastructure Is Crucial for Stable and Balanced Growth in China
By iMFdirect
Version in 中文 (Chinese)
An important attribute of China’s remarkable record of economic growth has been the creation of an astonishing network of “hard” infrastructure, like roads, power stations, and communication networks. Now, China needs to move toward a new stage of reforms designed to help rebalance its economy. The stakes for global prosperity are high—China is the second largest economy and contributes one-third of the world’s growth. […]