Posted on March 24, 2017 by iMFdirect
Women the world over often find themselves on the bottom rung of the employment ladder looking up. In low-income countries, the obstacles can be enormous.
In this podcast, Hilma Mote of the African Region’s International Trade Union Confederation talks about the challenges African women and youth face given the continent’s rapidly growing labor force. Continue reading
Filed under: Africa, Gender issues, International Monetary Fund, labor force | Tagged: Africa Region's Trade Union Confederation, Hilma Mote | Leave a comment »
Posted on March 23, 2017 by iMFdirect
By Tobias Adrian and Maurice Obstfeld
Economic growth appears to be strengthening across the large economies, but that does not mean financial-sector regulation can now be relaxed. On the contrary, it remains more necessary than ever, as does international cooperation to ensure the safety and resilience of global capital markets. That is why the Group of Twenty (G20) finance ministers and central bank governors reiterated their support for continuing financial-sector reform at their meeting in Baden-Baden last week. Continue reading
Filed under: banking, Financial Crisis, Financial regulation, G-20, International Monetary Fund | Tagged: Basel Committee, Basel Committee on Banking Supervision, Basel III, Dodd-Frank Act, Financial regulation, Financial Stability Board, G20, global financial crisis, imfblog, Maurice Obstfeld, Tobias Adrian, United States | Leave a comment »
Posted on March 21, 2017 by iMFdirect
By Christine Lagarde
Versions in عربي (Arabic), 中文 (Chinese), Français (French), Español (Spanish)
From smartphones to cloud computing, technology is rapidly changing virtually every facet of society, including communications, business and government. The financial world is no exception.
As a result, the financial world stands at a critical juncture. Yes, the widespread adoption of new technologies, such as blockchain-based systems, offers many potential benefits. But it also gives rise to new risks, including risks to financial stability. That causes challenges for financial regulators, a subject I addressed at the 2017 World Government Summit in Dubai.
Filed under: currency, financial policy, Financing, International Monetary Fund, technology | Tagged: artificial intelligence, Bitcoin, Christine Lagarde, cryptocurrencies, Financial regulation, financial stability, financial systems, financial technology, fintech, imfblog | Leave a comment »
Posted on March 17, 2017 by iMFdirect
As the Group of Twenty finance ministers and central bank governors meet in Germany this week, policymakers are looking to increase investment in Africa.
Jamie Drummond is co-founder of ONE Campaign, and in this podcast he says it’s no surprise Africa is on the agenda. Continue reading
Filed under: Africa, education, IMF, inclusive growth, jobs | Tagged: Africa, demographics, education, health care, IMF, IMF podcasts, imfblog, investment, job creation, youth | Leave a comment »
Posted on March 15, 2017 by iMFdirect
By Rabah Arezki and Akito Matsumoto
Versions in عربي (Arabic), Русский (Russian), and Español (Spanish)
In November 2014, the Organization of Petroleum Exporting Countries (OPEC) decided to maintain output despite a perceived global glut of oil. The result was a steep decline in price.
Two years later, on November 30, 2016, the organization took a different tack and committed to a six-month, 1.2 million barrel a day (3.5 percent) reduction in OPEC crude oil output to 32.5 million barrels per day, effective in January 2017. The result was a small price increase and some price stability. Continue reading
Filed under: Economic research, IMF, Investment, oil, trade | Tagged: Algeria, IMF, iMFdirect blog, infrastructure, investment, Iraq, Kuwait, Libya, Nigeria, oil, oil exporters, oil prices, OPEC, Russia, Saudi Arabia, shale oil, UAE, United States | Leave a comment »
Posted on March 14, 2017 by iMFdirect
By Christine Lagarde
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), Deutsch (German), 日本語 (Japanese), Русский (Russian), and Español (Spanish)
Baden-Baden, the German spa town built on ancient thermal springs, is a fitting venue to discuss the health of the global economy during this week’s meeting of the Group of Twenty finance ministers and central bank governors.
Policymakers will likely share a sense of growing optimism, because the recent strengthening of activity suggests that the world economy may finally snap out of its multi-year convalescence. Continue reading
Filed under: Advanced Economies, G-20, growth, IMF, Investment, jobs, technology, U.S. | Tagged: China, Christine Lagarde, cross-border linkages, economic integration, euro area, G20, GDP, global economy, IMF, iMFdirect blog, inclusive growth, India, inequality, Japan, labor market reforms, Migration, spillover effects, tax reform, technology, United States | Leave a comment »