Posted on August 27, 2015 by iMFdirect
By Jeff Hayden
Between 2004 and 2013, Latin America recorded impressive growth and strong progress on a range of social issues. High commodity prices combined with strengthened economic management and progressive social policies to propel the region forward.
This strength was all the more striking against the backdrop of the 2008–09 global financial crisis, which mired many advanced economies in recession but saw emerging markets, including many in Latin America, power ahead. This led some observers to dub the period the “Latin American decade.”
Now, as the world’s economic leaders prepare to gather in Lima, Peru, in October for the Annual Meetings of the International Monetary Fund and the World Bank, the picture looks quite different.
Filed under: Annual Meetings, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, Español, Financial Crisis, Fiscal policy, Globalization, growth, IMF, Inequality, International Monetary Fund, Investment, Latin America, Reform | Tagged: commodiity prices, corruption, F&D, Finance & Development. F&D, inequality, islamic finance, labor force, Latin America, trade | Leave a comment »
Posted on June 15, 2015 by iMFdirect
By Era Dabla-Norris, Kalpana Kochhar, and Evridiki Tsounta
(Versions in Español, 中文 , 日本語, عربي,and Русский)
The gap between the rich and the poor is at its widest in decades in advanced countries, and inequality is also rising in major emerging markets (Chart 1). It is becoming increasingly clear that these developments have profound economic implications.
Filed under: Advanced Economies, Africa, Asia, Economic outlook, Economic research, Emerging Markets, Employment, Fiscal policy, growth, IMF, Inequality, International Monetary Fund, Latin America, Low-income countries, Middle East, Reform | Tagged: education, health care, income inequality, inequality, labor market, Latin America, middle class, Middle East and North Africa, poor, rich and poor, Sub-Saharan Africa | 5 Comments »
Posted on June 5, 2015 by iMFdirect
By Alejandro Werner
(Versions in Español and Português)
Latin America has reached a critical moment. So much better off than two decades ago, and still facing deep-seated problems that get in the way of sustained strong growth and economic development. To better understand these problems from countries’ perspectives, and explore ways the IMF and others can help address them, we brought together experts from the region and beyond—central bankers, finance ministers, and academics—for a high-level conference in Washington, D.C. earlier this week.
Under the theme of “Rising Challenges to Growth and Stability,” participants engaged in lively debates about the current difficulties facing Latin America and the policy priorities for now and the future.
Here are my main takeaways from the event:
Filed under: Advanced Economies, Economic Crisis, Economic outlook, Emerging Markets, Employment, Español, Finance, Fiscal policy, Globalization, growth, IMF, International Monetary Fund, Latin America, Reform | Tagged: Annual Meetings, commodiity prices, economic development, economic diversification, education, governance, inequality, infrastructure, investment, Latin America, Peru, Regional Economic Outlook: Western Hemisphere, trade, U.S. interest rates | Leave a comment »
Posted on April 23, 2015 by iMFdirect
By Sabina Bhatia
Washington is at its best in the spring. Green shoots pop out, daffodils and magnolias are in full bloom and the cherry blossoms cast a pink halo over the city. After a long, cold winter, there is hope everywhere.
And so it was with the 2015 Spring Meetings of the IMF and World Bank. Hope was in the air—would the global economy avoid the “new mediocre” from becoming the “new reality?” Would Greece reach agreement with its creditors? Would there be progress on IMF governance reform?
Filed under: Africa, Annual Meetings, Asia, Civil Society, Economic outlook, Employment, Europe, Global Governance, growth, IMF, Inequality, International Monetary Fund, Investment, Multilateral Cooperation, Reform | Tagged: Christine Lagarde, Civil Society, civil society organizations, Climate change, ebola, gender, IMF-World Bank Spring Meetings, inequality, infrastructure, Oxfam, women | Leave a comment »
Posted on January 28, 2015 by iMFdirect
By David Marston, Era Dabla-Norris, and D. Filiz Unsal
(version in Español)
Economists are paying increasing attention to the link between financial inclusion—greater availability of and access to financial services—and economic development. In a new paper, we take a closer look at exactly how financial inclusion impacts a country’s economy and what policies are most effective in promoting it.
The new framework developed in this paper allows us to identify barriers to financial inclusion and see how lifting these barriers might affect a country’s output and level of inequality. Because the more you know about what stands in the way of financial inclusion, the better you can be at designing policies that help foster it.
Filed under: Advanced Economies, Africa, Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Financial Crisis, Financial regulation, Fiscal policy, growth, IMF, Inequality, International Monetary Fund, Low-income countries | Tagged: Colombia, Congo, Costa Rica, Egypt, El Salvador, financial inclusion, growth, Guatemala, Honduras, India, inequality, investment, Kenya, Malaysia, Mozambique, Nicaragua, Nigeria, Panama, Paraguay, Peru, Philippines, Uganda, Uruguay, Zambia | Leave a comment »
Posted on December 31, 2014 by iMFdirect
As 2014 draws to a close, we thought you might like a look back at the most read blogs of the year. These are the headlines and ideas that caught your eyes and the list is based on readership. We thought we’d pull them all together for you in one quick read.
Wishing you a wonky & worldy 2015 from all of us at iMFdirect.
Filed under: Advanced Economies, Asia, Economic outlook, Economic research, Emerging Markets, Employment, Europe, Finance, Financial Crisis, Fiscal, Government, growth, IMF, Inequality, International Monetary Fund, Investment, Latin America, Middle East, recession, unemployment | Tagged: carbon pricing, Caribbean, China, deflation, emerging market debt, euro area, house prices, inequality, lowflation, oil, redistribution, Russia, Saudi Arabia, shale oil | Leave a comment »
Posted on December 2, 2014 by iMFdirect
By Christine Lagarde
(Versions in Español and Português)
I am looking forward to being in Peru this week to discuss economic and social developments with the government and a wide range of stakeholders—and also to follow up on the preparations for the next IMF–World Bank Annual Meetings, which will be held in Lima in October 2015. Later this week, I will participate in the Santiago Conference in Chile, where I will meet policymakers and influential representatives from Latin America and the Caribbean to discuss economic approaches to strengthen the entire region.
As I travel to the land of the Andes, I am reminded of the natural beauty of the region, the richness of its culture, and its incredible diversity. Despite its current challenges—growth continues to slow, as global economic and financial conditions are shifting and economies run up against capacity limits—I remain decidedly optimistic about the region’s potential to raise living standards while protecting its unique heritage and precious environment.
Filed under: Economic outlook, Emerging Markets, Español, Finance, Fiscal policy, Globalization, Government, growth, IMF, International Monetary Fund, Latin America, Reform | Tagged: Caribbean, Chile, Christine Lagarde, commodiity prices, conference, education, health care, inequality, infrastructure, Latin America, Peru, poverty, youth | Leave a comment »