Posted on February 21, 2017 by iMFdirect
By Ghiath Shabsigh, Ross Leckow, and Zeine Zeidane
Version in: عربي (Arabic)
Islamic banking, a small but fast-growing corner of the financial world, is receiving greater attention from regulators and policy makers. The IMF recently adopted a set of proposals on Islamic banking and called for a more comprehensive set of policies to ensure financial stability in countries with Islamic banking and support the sound development of the industry. The IMF is now calling for additional work and cooperation by its staff with other international agencies to improve the adoption of relevant standards for Islamic banking and to address remaining regulatory gaps. Continue reading
Filed under: Africa, banking, Central Asia, Economic research, Europe, Financial regulation, IMF, International Monetary Fund, Middle East, monetary policy | Tagged: banking, banking regulation, Central Asia, financial sector, financial stability, IMF, iMFdirect blog, Islamic banking, islamic finance, Islamic Financial Services Board, Middle East, sukuk | Leave a comment »
Posted on February 20, 2017 by iMFdirect
Version in: Français (French)
Did you know that while many people in advanced economies have multiple bank accounts, there are barely two bank accounts for every ten people in low-income economies? Access to financial services is essential to spread the fruits of economic growth to all, not just to the fortunate few. Continue reading
Filed under: Advanced Economies, banking, Economic research, Emerging Markets, IMF, Inequality, International Monetary Fund, Low-income countries | Tagged: advanced economies, banking services, economic growth, emerging markets, financial services, IMF, iMFdirect blog, inequality, low-income countries, macro-structural policies | Leave a comment »
Posted on February 15, 2017 by iMFdirect
Barry Eichengreen says what happens in China doesn’t stay in China anymore.
Eichengreen is Professor of Political Science at the University of California, Berkeley, and in this podcast he characterizes the emergence of Asia, and of China in particular, as “the most important economic event affecting the world in the last quarter century.” Continue reading
Filed under: Asia, Financial markets, income, International Monetary Fund | Tagged: Barry Eichengreen, China, middle income, poverty reduction, SDR Basket | Leave a comment »
Posted on February 13, 2017 by iMFdirect
Versions in Français (French), and Español (Spanish)
In the past two decades, low-income economies have seen a rise in growth, with fewer living in poverty. Yet inequality in many countries has remained virtually unchanged.
A recent IMF paper explains how the design of policies can matter to spread the economic benefits of growth more broadly. Continue reading
Filed under: growth, Inequality, International Monetary Fund, Low-income countries, Reform | Tagged: Christine Lagarde | Leave a comment »
Posted on February 9, 2017 by iMFdirect
By Philip Daniel, Michael Keen, Artur Swistak, and Victor Thuronyi
Versions in Français (French), Português (Portuguese), and Español (Spanish)
Seventy percent of the world’s poorest people live in countries rich in oil, natural gas or minerals, making effective taxation of these extractive industries critical to alleviating poverty and achieving sustained growth. But national borders make that task much harder, opening possibilities for tax avoidance by multinationals and raising tough jurisdictional issues when resource deposits cross frontiers. Continue reading
Filed under: developing countries, Economic research, Fiscal policy, growth, infrastructure, International Monetary Fund, oil, taxation | Tagged: cross-border linkages, developing countries, extractive industries, IMF, iMFdirect blog, infrastructure, Mauritania, minerals, natural resources, oil, sustainable growth, taxation, technology, transfer pricing | Leave a comment »
Posted on February 7, 2017 by iMFdirect
By Sebastian Acevedo
Version in Español (Spanish)
Hurricanes are a fact of life in the Caribbean. Every year there are, on average, 12 storms that pass through the region, of which about half reach hurricane force winds (winds above 119 kilometers per hour). Hurricanes are the leading cause of natural disasters in the Caribbean, making the region one of the most vulnerable in the world. Yet, only 62 percent of disasters caused by hurricanes have recorded data on economic damages, as the information is difficult to collect.
Filed under: Caribbean, climate change, International Monetary Fund, natural disasters | Tagged: Fiscal buffers, GDP, Hurricanes, infrastructure investment, insurance | Leave a comment »
Posted on February 2, 2017 by iMFdirect
Policymakers need good data to help them make good decisions.
Ravi Kanbur says producing statistics on inequality is never just a technical act; it has political consequences. Kanbur is a Professor of Economics at Cornell University and delivered the keynote speech at the Fourth IMF Statistical Forum on Statistics for Inclusive Growth.
Filed under: Asia, developing countries, Economic research, Emerging Markets, growth, IMF, inclusive growth, India, Inequality, International Monetary Fund, poverty | Tagged: Ravi Kanbur | Leave a comment »