Food Inflation in Sub-Saharan Africa

2021-12-06T16:47:33-05:00December 6, 2021|

Inflation is rising around the world. In sub-Saharan Africa, one item is driving the trend more than others: food prices. Food accounts for roughly 40 percent of the region’s consumption basket—a measure of goods and services used to measure consumer price index (CPI) inflation.

Your Top 5 Back-to-School Blogs

2021-10-25T16:23:18-04:00September 2, 2021|

By IMFBlog

What’s on your mind as you (or your kids) head back to school?

To help you stay on top of the news and policy debates from the past few months, our IMFBlog editors have put together a list of our top reads on economics and finance. […]

How Pandemics Leave the Poor Even Farther Behind

2020-06-01T12:00:09-04:00May 11, 2020|

By Davide Furceri, Prakash Loungani, Jonathan D. Ostry

عربي中文, EspañolFrançais, 日本語, Português, Русский

The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. Behind this dire statistic is an even grimmer possibility: if past pandemics are any guide, the toll on poorer and vulnerable segments of society will be several times worse. Indeed, a recent poll of top economists found that the vast majority felt the COVID-19 pandemic will worsen inequality, in part through its disproportionate impact on low-skilled workers.

Our evidence supports concerns about the adverse distributional impacts of pandemics. We find that major epidemics in this century have raised income inequality and hurt employment prospects of those with only a basic education while scarcely affecting employment of people with advanced degrees.

We focus on five major events—SARS (2003), H1N1 (2009), MERS (2012), Ebola (2014) and Zika (2016)—and trace out their distributional effects in the five […]

Striking the Right Balance Between Sustainable Development and Sustainable Debt

2019-12-23T11:19:23-05:00December 19, 2019|

By Kristalina Georgieva

عربي, Español, 日本語, Português

Over the past two decades, sub-Saharan Africa has made considerable economic progress: extreme poverty levels have declined by one third; life expectancy has increased by a fifth; and real per capita income has grown by about 50 percent on average. Yet, sub-Saharan Africa is still only half-way to meeting the Sustainable Development Goals. […]

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