Emigration Slows Eastern Europe’s Catch Up With the West

2019-03-26T17:13:31-04:00July 20, 2016|

By Nadeem Ilahi, Anna Ilyina, and Daria Zakharova
 
(Versions in: Bulgarian, Czech, Estonian, Hungarian, Latvian, Lithuanian, Polish, Romanian, Russian, Serbian, and Slovenian)
 

The opening up of Eastern Europe to the rest of the world in the early 1990s brought about tremendous benefits. The inflow of capital and innovation has led to better institutions, better economic management, and higher efficiency. On the flip side, it has also led to sizable and persistent outflow of people.

[…]

Jobs and Growth: Supporting the European Recovery

2017-04-14T02:10:28-04:00January 28, 2014|

MD's Updated HeadshotBy Christine Lagarde

(Version in Français and Español)

As we begin the new year, Europe confronts both good and bad news. First the good news. Growth is finally picking up in the euro area as it is slowly emerging from the deep recession.  The bad news? Still nearly 20 million people are unemployed. Until the effects on employment have been reversed, we cannot say that the crisis is […]

Lost & Found in Eastern Europe: Replacing Funding by Western Europe’s Banks

2017-04-15T14:07:03-04:00June 13, 2012|

There is little doubt the era of generous funding from Western Europe's banks to their subsidiaries in the East is over, but this doens't have to translate into a reduction of bank credit in the emerging economies of Europe. The IMF's latest analysis shows an increase in local deposits in most countries of the region has offset the withdrawal of funding from Western Europe.

Life after the Crisis: A Perspective from Emerging Europe and Central Asia

2017-04-15T14:51:10-04:00October 8, 2009|

By Caroline Atkinson

The Program of Seminars takes place outside the formal framework of the Annual Meetings. But to many people, they were the main reason for making the trip to Istanbul.

The program’s October 4 offering included a first-hand perspective of how three emerging market countries—Turkey, Slovakia, and Ukraine—have weathered the crisis. We also got a glimpse of the methodology the IMF is using to become better at sounding the alarm if it sees new vulnerabilities building up in the world economy.

More Europe, not less

Ukraine was running a high fiscal deficit at the outset of the crisis, […]
Go to Top