Chart of the Week: Government Debt Is Not the Whole Story: Look at the Assets

2019-03-13T12:26:49-04:00October 23, 2018|

By IMFBlog

October 23, 2018

The Millennium Bridge in London, England: governments often don’t include the value of their assets, like bridges and roads, as well as natural resources, when they measure public wealth (Ingram Publishing/Newscom)

Lost track of your personal finances?  You are not alone.  Your government has often lost track of its finances too.  While it keeps close tabs on debt, it is […]

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 […]

Building a Camaraderie of Central Bankers: How Monetary Policymakers in the Caucasus and Central Asia Can Learn From Each Other

2017-04-14T01:51:29-04:00November 17, 2014|

Min ZhuBy Min Zhu

(Versions in 中文Русский)

The world’s central bankers are certainly in the news these days. Not a week goes by without the Fed, the European Central Bank or the Bank of Japan taking big and often unprecedented actions to fight deflation, preserve financial stability, or address mediocre growth. We tend to forget, however, that these are not the only central banks that are struggling to adapt their policies to changing circumstances in our connected world.

Take the Caucasus and […]

Reviving Credit Growth in the Caucasus and Central Asia: What Can Policymakers Do?

2017-04-15T14:36:56-04:00June 7, 2010|

The global financial crisis has led to mounting stress in the banking systems of most countries in the Caucasus and Central Asia. Private sector credit growth has slowed sharply and even turned negative in real terms in a number of countries, compared with the dramatic increases, ranging from 40 to 80 percent in the period immediately prior to the crisis. The credit slowdown is weighing on economic activity and having policymakers seek ways to restore it, thereby laying the foundation for a resumption in high and sustainable economic growth.

Unlocking Central Asia’s Huge Potential

2017-04-15T14:50:55-04:00October 16, 2009|

The IMF has just finished its Annual Meetings in Istanbul, the traditional start of the old silk road and the gateway to Central Asia. Strategically located between East Asia and Europe, and South Asia and Russia, Central Asia is rich in resources and faces tremendous opportunities—yet to be made the most of.
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