Posted on January 8, 2014 by iMFdirect
By Christine Lagarde
For yet a third year I have kept my tradition of starting the New Year with a visit to Sub-Saharan Africa—a region that truly offers great promise! As the world economy has remained focused on the crisis of the advanced economies, Africa has quietly forged ahead with strong growth led by a vibrant private sector and surging foreign investment. Over the past decade Sub-Saharan Africa has posted growth averaging 5.6 percent a year.
The countries of East Africa have done especially well. So what better place to begin my travels this year than in Kenya, which has emerged as one of the region’s “frontier economies”—countries whose recent performance is propelling them toward middle-income status.
Filed under: Africa, Emerging Markets, Employment, growth, IMF, International Monetary Fund, Low-income countries | Tagged: Africa, business, development, fiscal policy, growth, iMFdirect, infrastructure, International Monetary Fund, jobs, Kenya, regional integration, Sub-Saharan Africa | 1 Comment »
Posted on April 1, 2013 by iMFdirect
By Min Zhu
The economies of small states have unique features. They have relatively higher costs, higher public spending needs, and more volatile economies. And their growth has not matched the improved economic performance of the rest of the world since the late 1990s, despite their many efforts over the years. We wanted a better grasp of why this is so we can better tailor our advice and support. Here is what we found.
Filed under: Asia, Emerging Markets, growth, IMF, International Monetary Fund | Tagged: Caribbean, Climate change, development, financial markets, markets, Min Zhu, small states | Leave a comment »
Posted on October 7, 2012 by iMFdirect
The 2012 annual meetings of the IMF and the World Bank are being held this year in Tokyo at a crucial time for the world economy. Track everything through the live events schedule (all Tokyo times).
Key reports out this week are
banner in Tokyo
Stay up-to-date through timely reports from IMF Survey online, through iMFdirect blog, World Bank Voices, and through regular video briefings and YouTube. Also track news and commentary through Google +.
Extensive Japanese (日本語) language content and updates are also available.
The Meetings bring together more than 10,000 central bankers, ministers of finance and development, private sector executives, academics, and journalists to discuss global economic issues and the interconnected world.
Filed under: Advanced Economies, Africa, Annual Meetings, Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Europe, Finance, Financial Crisis, Fiscal policy, G-20, Global Governance, Globalization, IMF, International Monetary Fund, Latin America, LICs, Low-income countries, Middle East, Multilateral Cooperation, Politics, Public debt | Tagged: academics, central bankers, development, Fiscal Monitor, forecast, global economic issues, Global Financial Stability Report, Google+, IMF Survey online, iMFdirect blog, Japan, journalists, ministers of finance, private sector executives, Tokyo, video briefings, World Bank, World Bank Voices, World Economic Outlook, youtube | 4 Comments »
Posted on December 15, 2010 by iMFdirect
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 well than comparable non-resource rich countries.
That raises one of the perennial questions in economic policymaking. How to manage the economic and social challenges that stem from resource wealth? Or, to borrow the words of Professor Thorvaldur Gylfason (University of Iceland), how to prevent “nature’s bounty” from “becoming the curse of the common people”? Continue reading
Filed under: Africa, Civil Society, International Monetary Fund, Low-income countries, Middle East | Tagged: development, distribution of profits, exchange rate regimes, exploration costs, fiscal policy, gas, good governance, High Level Seminar on Natural Resources, investment strategy, minerals, monetary policy, natural resources, oil, resource wealth, sovereign wealth funds, stable macroeconomic environment, technical assistance, training | 3 Comments »