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 March 30, 2015 by iMFdirect
By Era Dabla-Norris, Vikram Haksar, and Kalpana Kochhar
Global growth remains anemic more than five years after the global financial crisis. If nothing is done, the prospect of settling into a “new mediocre” will become reality, especially in advanced economies.
In many advanced economies, accommodative monetary policies, growth-friendly fiscal frameworks, and efforts to tackle private debt overhang and improve tax revenues and compliance are essential to lift economic growth in the short term.
Filed under: Advanced Economies, Employment, Europe, Financial Crisis, growth, IMF, International Monetary Fund, Investment, Reform | Tagged: advanced economies, balance sheets, France, infrastructure, Italy, Japan, jobs, labor force, monetary policy, Portugal, reforms, women | Leave a comment »
Posted on March 16, 2015 by iMFdirect
As many countries around the world are grappling with low growth, India has been marching in the opposite direction. The IMF’s Managing Director Christine Lagarde gave a speech at Lady Sri Ram College in New Delhi to talk about the global economy, India’s economy, and how quality of growth can benefit women, the poor, and the youth of India.
Filed under: Asia, Economic outlook, Economic research, Emerging Markets, Employment, growth | Tagged: Article IV, Christine Lagarde, India, women, youth | Leave a comment »
Posted on February 23, 2015 by iMFdirect
By Christine Lagarde
(Versions in 中文, Français, 日本語, Русский, عربي and Español)
Leveling the legal playing field for women holds real promise for the world—in both human and economic terms. Unfortunately, that promise remains largely ignored and its potential untapped. In too many countries, too many legal restrictions conspire against women to be economically active—to work.
What can be done to remove these barriers? A new study done by IMF economists seeks to answer that question.
The bottom line? It’s about a fair, level playing field.
Filed under: Africa, Asia, Economic research, Employment, Global Governance, growth, IMF, Inequality, International Monetary Fund, Latin America, Middle East, Reform | Tagged: child care, East Asia, education, Egypt, employment, empowering women, female labor participation, gender wage gap, Japan, Kenya, labor force, labor market, labor regulations, Middle East and North Africa, Namibia, Peru, U.A.E, U.S., women | Leave a comment »
Posted on October 14, 2014 by iMFdirect
By iMFdirect editors
What a week it’s been. Practical and existential questions on how to do good and be good for the sake of the global economy and finance dominated the seminars at the IMF’s Annual Meetings in Washington.
Our editors fanned out to cover what the panelists, moderators, and audiences said in a variety of seminars, and two big themes caught our eye.
Filed under: Advanced Economies, Annual Meetings, Asia, Civil Society, Economic outlook, Emerging Markets, Employment, Europe, Financial Crisis, Global Governance, growth, IMF, Inequality, International Monetary Fund, Investment | Tagged: Archbishop of Canterbury, Christine Lagarde, ethics, Europe, G-20, inequality, infrastructure, jobs, Larry Summers, Paul Krugman, seminars, shadow banking, Stanley Fisher, technology, unemployment, women | Leave a comment »
Posted on October 12, 2014 by iMFdirect
By Sabina Bhatia
I know it might sound odd, but I actually like the IMF-World Bank Annual Meetings. I know the traffic snarls on Pennsylvania Avenue are terrible, Washington cabbies ruder than ever, lots of men in dark suits (and sadly, they are still mostly men), and there is the constant rush from meeting to meeting.
But beyond the long lines, long hours, cold coffee and the constant buzz of communiqués, press releases, and scores of official meetings, I find my place in the rich and stimulating discussions among the non-official community.
This year, over 600 civil society organizations, including members of parliament, academics, and several youth and labor groups, came to the meetings. They deliberated, discussed and debated some thorny issues. The burning issues close to their hearts? Not that different from what officials are also debating. Here is some of what I heard:
Filed under: Africa, Annual Meetings, Civil Society, Economic research, Emerging Markets, Europe, Global Governance, IMF | Tagged: academics, civil society organizations, debt, ebola, inequality, infrastructure, investment, jobs, Labor, parliament, recovery, unemployment, women, youth | Leave a comment »
Posted on January 11, 2014 by iMFdirect
By Christine Lagarde
(Version in Français)
My second stop on this trip to Africa, after Kenya, was Mali—a country that is facing an extraordinarily difficult transition: from restoring political stability to securing economic stability—from crisis to recovery.
Having gone through massive turmoil in 2012, Mali is emerging successfully, thanks to the perseverance and fortitude of its people. Parliamentary and presidential elections have been held, and the newly elected government has put forth a new economic program aimed at increasing growth and reducing poverty.
Filed under: Africa, Emerging Markets, growth, IMF, International Monetary Fund, Investment, Low-income countries, Politics | Tagged: Africa, Christine Lagarde, economic recovery, Mali, poverty, private inv, Sub-Saharan Africa, women | Leave a comment »