Make Women a Priority


By IMFBlog

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

Why International Financial Cooperation Remains Essential


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

Fintech—A Brave New World for the Financial Sector?


Lagarde.2015MDPORTRAIT4_114x128By 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.

Continue reading

Chart of the Week: Inequality and the Decline in Labor Share of Income


By IMFBlog

As discussed in the IMF’s G20 Note, and a blog last week by IMF Managing Director Christine Lagarde, a forthcoming chapter of the World Economic Outlook seeks to understand the decline in the labor share of income (that is, the share of national income paid in wages, including benefits, to workers) in many countries around the world. These downward trends can have potentially large and complex social implications, including a rise in income inequality.  Continue reading

Invest in Africa


by IMFBlog

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

OPEC’s Rebalancing Act


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

Maintaining the Positive Momentum of the Global Economy


Lagarde.2015MDPORTRAIT4_114x128By 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

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