Posted on April 29, 2012 by iMFdirect
By Masood Ahmed
(Version in عربي)
Historic transitions in several Arab countries are coming under increasing strain. Domestic uncertainty over the countries’ future course, compounded by the global slowdown and rising oil prices, took a toll on growth in 2011, and the current year will be equally challenging.
A joint and sustained effort is needed to help these countries navigate through this challenging period and set out an economic vision that is fair and inclusive.
Clear risks require strong resolve
The difficulties and challenges facing these countries were very much a focus of discussion during the recent 2012 IMF-World Bank Spring Meetings in Washington. The meetings brought together ministers and top officials from all over the world, with Middle East issues high on the agenda.
Filed under: Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Finance, Financial regulation, Globalization, growth, IMF, Inequality, International Monetary Fund, Middle East, Public debt | Tagged: Al-Jazeera, balance of payments, Deauville Partnership, Egypt, IMF-World Bank Spring Meetings, iMFdirect blog, jobs, Libya, Masood Ahmed, MENA, Nemat Shafik, oil, reform, transition, Yemen | 4 Comments »
Posted on February 26, 2012 by iMFdirect
Although a derailing of the global recovery has been avoided, the world economy is still not out of the danger zone, IMF Managing Director Christine Lagarde said after the conclusion of the Group of 20 Finance Ministers and Central Bank Governors meeting in Mexico City.
“Over the last two days, we discussed the challenges facing the world economy and continued our deliberations over next steps and actions,” she said in a February 26 press statement.
Filed under: Advanced Economies, Economic Crisis, Economic outlook, Emerging Markets, Employment, Europe, Finance, Financial Crisis, Financial regulation, Financial sector supervision, Fiscal policy, Fiscal Stimulus, G-20, growth, IMF, Inequality, International Monetary Fund, Low-income countries, Multilateral Cooperation, Public debt, recession | Tagged: Christine Lagarde, euro, Euro Group, firewalls, Group of 20, Group of Twenty, IMF resources, IMF-World Bank Spring Meetings, IMFC, iMFdirect blog, Mexico, Mexico City | 3 Comments »
Posted on April 21, 2011 by iMFdirect
Finance ministers and central bank governors from around the world, gathering at the Spring Meetings of the IMF and World Bank in Washington last week, identified a slew of continued and emerging risks to the global economy, including higher food and fuel prices, the disaster in Japan, unrest in the Middle East, lingering unemployment in parts of the world, and the risk of overheating in some dynamic emerging markets.
With the recovery solidifying but still fragile, ministers put the spotlight on how to strengthen the IMF’s surveillance—its economic assessment and analysis—to help countries take the action needed to address risks and avoid future crises. (more…)
Filed under: Annual Meetings, Economic Crisis, Financial Crisis, IMF, International Monetary Fund | Tagged: commodity prices, G-20, global financial crisis, IMF surveillance, IMF-World Bank Spring Meetings, International Monetary and Financial Committee, multilateral surveillance, overheating, risks, Tharman Shanmugaratnam, unemployment | 2 Comments »
Posted on April 14, 2011 by iMFdirect
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.”
Government ministers and officials, members of civil society organizations, journalists, and others are flocking to Washington DC this week to discuss and decide on key issues facing the global economy. (more…)
Filed under: Annual Meetings, Civil Society, Economic outlook, Employment, IMF, Inequality, International Monetary Fund, Multilateral Cooperation | Tagged: capital controls, cooperation, Fiscal Monitor, Global Challenges Global Solutions, global economy, Global Financial Stability Report, global financial system, global imbalances, Globalization, IMF-World Bank Spring Meetings, inequality, international monetary system, policy coordination, unemployment, World Economic Outlook | 3 Comments »