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 […]

Sub-Saharan Africa: Diversifying for Tomorrow

2019-03-14T15:31:34-04:00February 16, 2018|

By IMFBlog

February 16, 2018

Photo: iStock by Getty Images/subman

Countries in sub-Saharan Africa need to diversify their economies, and the region’s youth need to be at the heart of it, says Axel Schimmelpfennig.

Schimmelpfennig is head of the IMF team for Uganda, and a coauthor of a study that looks at the potential benefits of a stepped-up diversification agenda in sub-Saharan Africa.

In this podcast, Schimmelpfennig talks about the need […]

Taxes, Debt and Development: A One-Percent Rule to Raise Revenues in Africa

2019-03-15T13:21:23-04:00December 5, 2017|

By Vitor Gaspar and Abebe Aemro Selassie

December 5, 2017

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

School children in Ghana: building a country’s tax capacity helps pay for education and health care (photo: Vacca Sintesi/SIPA/Newscom).

Tax revenues play a critical role for countries to create room in their budgets to increase spending on social services like health and education, and public […]

Roads or Schools: A Critical Tradeoff

2019-03-15T13:32:49-04:00November 9, 2017|

By Manoj Atolia, Bin Grace Li, Ricardo Marto, and Giovanni Melina

November 9, 2017 

Versions in 中文(Chinese), Español (Spanish), Français (French), 日本語 (Japanese)

Low-income countries tend to spend less on schools than on roads as a share of GDP (photo: iStock by Getty Images).

Roads or schools? It’s a question akin to the “guns or butter” choice that governments around the world confronted in the 20th century: How to spend […]

Uganda’s Recipe for Growth

2019-03-25T12:37:18-04:00July 21, 2017|

By IMFBlog

July 21, 2017

Construction worker in Uganda (photo: James Akena/Reuters/Newscom)

After two decades of steady growth, Uganda’s economy has slowed, and life for Ugandans is not improving fast enough.

Drought in the Horn of Africa, regional conflict, and slow credit growth have contributed to this decline, with per capita growth falling to ½ percent from an average of 5 percent for the past 20 years. […]

The Fruits of Growth: Economic Reforms and Lower Inequality

2019-03-26T13:25:50-04:00January 26, 2017|

Lagarde.2015MDPORTRAIT4_114x128By Christine Lagarde

Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Português (Portuguese), Русский (Russian), and Español (Spanish)

Growth is essential for improving the lives of people in low-income countries, and it should benefit all parts of society.

Traveling through Africa in the last few days, I have been amazed by the vitality I have witnessed: business startups investing in the future, new infrastructure under construction, and a growing middle class. Many Africans are now making a better living and fewer are suffering from poverty. My current host, […]

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