A New Vision for the US Climate Agenda

2021-07-27T13:05:44-04:00March 10, 2021|

By Ian Parry

عربي中文, Español, Français日本語, Português, Русский 

Over the next decade, global greenhouse gas emissions need to be cut by 25– 50 percent to be on track for meeting the 2015 Paris Agreement goal of containing global warming to 1.5–2°C.The United States intends to do its part. Its climate plan pledges US carbon neutrality by 2050, with a 2030 emissions target to be announced shortly.

[…]

Reclaiming Our World Post-2020

2020-12-22T10:35:11-05:00December 22, 2020|

By Atish Rex Ghosh

As 2020 draws to a close, many of us cannot wait for this annus horribilis to end. And for good reason: this year has seen more than a million and a half COVID-19 deaths; an economic collapse far greater than that of the 2008 financial crisis; a boiling-over of resentment against decades of racial and social injustice; record numbers of wildfires decimating millions of acres of pristine forests; and locust plagues of Biblical proportions. […]

Monetary Policy for all? Inequality and the Conduct of Monetary Policy

2020-10-02T10:55:54-04:00September 30, 2020|

By Niels-Jakob Hansen, Alessandro Lin, and Rui C. Mano

Inequality in both advanced economies and emerging markets has been on the rise in recent decades. The COVID-19 pandemic has exacerbated and raised awareness of disparities between the rich and poor.

Fiscal policies and structural reforms are long known to be powerful mitigators of inequality. But what role can the central bank play?

In new IMF staff research, we find a case for central bankers to take inequality specifically into account when conducting monetary policy.

A new view on monetary policy

Even though inequality remains outside central banks’ mandates, major central […]

Digital Solutions for Small Businesses in the Middle East and North Africa

2020-09-22T13:45:41-04:00September 22, 2020|

By Inutu Lukonga

عربي, Français

Small and medium-sized enterprises dominate the business landscape in the Middle East and North Africa region. These enterprises account for more than 90 percent of the region’s businesses and, in some countries, contribute as much as 50 percent of employment and 70 percent of GDP.

Yet they face impediments to growth, and their contribution to employment is below potential. In much of the region, small and medium-sized enterprises are handicapped by limited access to credit, unfavorable business environments, and talent gaps.

Digital technologies present new opportunities for these businesses to achieve faster […]

Demographics and Destiny

2020-03-02T17:22:06-05:00March 2, 2020|

By Gita Bhatt

When I visit my home country, India, I am always struck by how young it looks. From the big cities to the tiny villages, one can see the hopes and aspirations of twenty-somethings, many in search of work. In Japan, demographic trends have been moving in the opposite direction. Homes sit vacant, and villages are vanishing, as people have fewer children. In response, the Japanese are embracing technology to fill the gaps through innovations like robot chefs and automated medical services. […]

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