Economic Growth and Fairness in the Middle East and North Africa

2019-03-15T12:06:16-04:00January 18, 2018|

By Jihad Azour

January 18, 2018

Versions in  عربي (Arabic),  中文 (Chinese), Español (Spanish),  Français (French),  Deutsche (German), 日本語 (Japanese)

The people of the region are rightly demanding economic growth and fairness.  The IMF aims to help them in this effort (photo: Tunis, Tunisia, ZOUBEIR SOUISSI/REUTERS/Newscom).

Rising social tensions and protests in several countries across the Middle East and North Africa are a clear indication that the aspirations of the people of the region—for opportunity, prosperity […]

Shrinking Populations, Rising Fiscal Challenges

2019-03-27T14:27:01-04:00October 27, 2015|


By Benedict Clements, Kamil Dybczak, and Mauricio Soto

(Versions in 中文 and 日本語)

Populations are getting older around the world—that’s no surprise in light of declining fertility and improvements in health care. But in many countries, something more dramatic is going on—the population is actually shrinking. These demographic developments portend stark fiscal challenges. What should countries—whatever their degree of economic development—do to respond to these challenges?

[…]

Dams And Dikes For Public Finances

2017-04-14T01:45:14-04:00March 18, 2015|

By Vitor Gaspar, Richard Hughes, and Laura Jaramillo

Fortune, wrote Machiavelli five hundred years ago in The Prince, is like a violent river. She “shows her power where virtue has not been put in order to resist her and therefore turns her impetus where she knows that dams and dikes have not been made to contain her.” Managing the ebb and flow of government’s fiscal fortunes poses similar challenges today. We need a risk-based approach to fiscal policymaking that applies a systematic analysis of potential sources of fiscal vulnerabilities. […]

For Africa, Good Policies Bring Good Prospects

2017-04-14T02:02:09-04:00April 24, 2014|

Antoinette SayehBy Antoinette M. Sayeh

(Version in Français)

Once again, the latest review of growth prospects for sub-Saharan Africa shows that the region’s economy is in strong health. Growth in the region is set to pick up to 5½ percent in 2014 compared to 4.9 percent last year (see Chart 1). My view is that this growth momentum will continue over the medium term if countries rise to new challenges and […]

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 […]

Fiscal Policy in Latin America: Prudence Today Means Prosperity Tomorrow

2017-04-14T02:13:03-04:00December 11, 2013|

Alejandro WernerBy Alejandro Werner

(Versions Español and Português)

Public finances in most Latin American countries strengthened significantly before the global financial crisis. Since 2009, countries have generally increased public deficits, drawing down on their fiscal coffers.

These expansionary policies continue and are yet to be reversed. With further pressures likely to build over the period ahead—as economic growth has slowed, commodity prices have softened, and external funding costs are bound to rise—now is the right time to rethink fiscal policies across the region.

[…]

Go to Top