Youth Speaking Out

Young people, hardest hit by the global economic downturn, are speaking out and demanding change. Coming of age in the Great Recession, the world’s youth face an uncertain future, with lengthening job lines, diminished opportunities, and bleaker prospects that are taking a heavy emotional toll. The March 2012 issue of Finance & Development magazine looks at the challenges facing young people today.

Weak Global Economy Tops Agenda at IMF-World Bank Gathering

Recent turbulence in financial markets and increased risks in the global economy mean that the 2011 Annual Meetings of the IMF and World Bank are taking place at a critical time for the global economy. Economic leaders will come together to assess the state of the world economy and discuss the policy actions needed to deal with today’s global economic challenges. About 10,000 policymakers, private sector and civil society representatives, journalists, and academics are expected to attend the Annual Meetings, which are set to take place on September 23–24. In an interview, Reza Moghadam, Director of the IMF’s Strategy, Policy, and Review Department, discusses the issues that are likely to receive most attention at the meetings.

Global Challenges, Global Solutions

The April 2011 IMF-World Bank Spring Meetings are upon us here in Washington DC. With global challenges that require global solutions—the theme of the meetings—IMF Managing Director Dominique Strauss-Kahn reminds us that this is “not the time for complacency.” Here’s a snapshot of what you need to know to get you through the meetings….

Today’s Bounty, Tomorrow’s Promise: Better Policies to Manage Natural Resources

By Leslie Lipschitz (Version in Español | Français | عربي ) Countries rich in natural resources are often looked at with envy: they face few financial constraints and that should speed their development path. But the reality is less rosy. Countries with an abundance of natural resources—typically oil, gas or minerals—have, on average, performed less [...]

Listening to Voices: The IMF’s Dialogue with Civil Society

The IMF has made a concerted effort to engage more actively with civil society organizations in recent years. And, an emphasis on change at the 2010 IMF-World Bank Annual Meetings provided the perfect opportunity to break new ground in our relationship with civil society.

More civil society representatives came to the meetings than ever before, and those that came participated in a wider range of events. Many of those events took on a different flavor: one more conducive to a meaningful exchange of views.

Civil society is thirsty for information about what we do, why we do it, and how. But this is also a two-way street. There is a lot at the IMF we can learn from civil society and we have to start by listening.

The Priority of Growth and Jobs—the IMF’s Dialogue with the Unions

A couple of weeks ago, IMF Managing Director Dominique Strauss-Kahn attended the 2nd World Congress of the International Trade Union Confederation (ITUC) in Vancouver. Reflecting on his meetings with the labor movement, he draws three main conclusions: (i) the IMF views its interaction with the labor movement as extremely valuable, and this had influenced our thinking; (ii) the labor movement has a major role to play in supporting continued economic cooperation across the world; and (iii) the IMF and labor movement share a number of important goals—standing against narrow domestic interests, nationalism, and war.

On the Road to IMF Governance Reform

By Caroline Atkinson There has been talk for years of the need for IMF governance reform by critics of the IMF.  Now it is on the official agenda–and some of the civil society organizations (CSOs) who have been most interested and vocal on the subject have been participating in the debate with the IMF. Managing [...]

The World Goes to Istanbul

By Caroline Atkinson In early October, economic policymakers representing the entire membership of the IMF, 186 countries in total, will gather in Istanbul for the Annual Meetings. More formally, the 2009 Annual Meetings of the Boards of Governors of the World Bank Group and the IMF will be held in Istanbul, Turkey on October 6-7, [...]

Freedom of IMFormation

By Reza Moghadam With the global financial crisis, the world is increasingly looking to the International Monetary Fund—not just for financing but as the global institution charged with overseeing members’ economies and policies (what we call surveillance). It’s easy to forget that only 10 years ago the Fund was a secretive institution. That’s no longer the [...]

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