Window for Change

2020-12-01T12:23:40-05:00December 1, 2020|

By Gita Bhatt

There are decades where nothing happens, and there are weeks where decades happen. This saying could not be more apt today. The pandemic—which has disrupted the world in profound ways—has prompted countries to roll out significant policy changes that might otherwise have taken years. It has also sped the arrival of technologies and new ways of working and learning, moving us almost overnight into a new era. […]

Gamechanger: The Digital Payment Boom in India

2019-03-15T12:17:58-04:00January 5, 2018|

By IMFBlog

January 5, 2018

Madhur Deora, CFO of PayTM: Mobile payment platforms in India are providing small loans to people who’ve never had access to credit (IMF photo).

What does a shoe shiner in India have in common with central bankers and finance ministers? They both can appreciate the digital-payment boom. It’s sweeping the world but has accelerated in India, where last November the government demonetized—declaring that 86 […]

India Can Revive Investment by Learning from Itself

2017-04-15T14:07:18-04:00June 6, 2012|

Many reasons have been put forward to explain India's investment malaise. Fortunately, India has a model of its own, as large variations in the business environment exist across the country. In short, the country can learn from itself.

Lagarde in Davos: How to Avoid an Economic Deep Freeze

2017-04-15T14:13:35-04:00January 27, 2012|

Amid the heaviest snowfall in Davos for decades, IMF chief Christine Lagarde has been making her case for urgent action to resolve the eurozone crisis, which is at the center of current global economic concerns. The Fund recently sharply revised downward its forecast for global economic growth and in a speech in Berlin Lagarde mapped a way forward.

Lively Debate on the Dead Sea Shores

2017-04-15T14:16:38-04:00October 24, 2011|

One of my biggest (and heartening) takeaways was that there were more young people bubbling with ideas and entrepreneurial spirit (ready to take risk) than ever before at this regional forum—which reflects a growing recognition of their current role in the Arab Spring and the role they will have to play in the future as drivers of economic change.

“Combination of Worries” Gets Attention in Davos

2017-04-15T14:28:33-04:00January 28, 2011|

Europe’s sovereign debt crisis, fiscal challenges in advanced economies, concerns about overheating in emerging market countries, and the impact of rising food prices. These are the hot topics at this year’s World Economic Forum in Davos, Switzerland, and a clear sign of the tensions and risks as the global economy recovers. In an interview from Davos, the IMF’s First Deputy Managing Director John Lipsky tells us that, with the return of global growth, the mood is certainly more optimistic than it was a year or two ago. But there is also a clear sense among delegates that this has not solved some of the world’s important economic problems.

More to Do on Financial Sector Tax, Says IMF’s Lipsky

2017-04-15T14:40:50-04:00January 28, 2010|

In an interview from Davos, Switzerland, the IMF’s First Deputy Managing Director John Lipsky says that although the mood among delegates is more upbeat than it was one year ago, people still have concerns about the resilience of the economic recovery.
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