The Future of the State Revisited: Reforming Public Expenditure

2017-04-14T02:02:19-04:00April 16, 2014|

By: Sanjeev Gupta and Martine Guerguil

(Version in EspañolFrançaisРусский中文, and 日本語)

The global financial crisis brought to the fore the question of sustainability of public finances. But it merely exacerbated a situation that was bound to attract attention sooner or later—governments all over the world have been spending more and more in recent decades. Here at the IMF, we’ve been looking into the factors behind this increase in public spending, particularly social spending, and […]

Less Red Tape, More Credit: How the Private Sector Can Flourish in the Middle East

2017-04-14T02:12:43-04:00January 6, 2014|

Min ZhuBy Min Zhu

(Versions in عربي)

To almost all economists it is clear that the private sector is critically important in creating jobs and achieving strong growth. The public sector is already overburdened in most countries. But what is not clear is how to support the private sector for it to play this important role.

To shed some light on how to facilitate strong job creation and growth by the private sector in the Middle East and North Africa, we held a conference in Riyadh, […]

The Logic and Fairness of Greece’s Program

2017-04-15T14:10:56-04:00March 19, 2012|

The program deals squarely with the two most fundamental issues facing Greece―not only high debt but also low competitiveness. And it is fair, both in asking for shared sacrifices, not only within Greece, but also between Greece and its creditors.
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