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 February 6, 2015 by iMFdirect
By Christine Lagarde
(Versions in 中文, Français, 日本語, Русский, Türk, and Español)
Implementation, investment, and inclusiveness: these three policy goals will dominate the G-20 agenda this year, including the first meeting of finance ministers and central bank governors in Istanbul next week. As Turkish Prime Minister Ahmet Davutoğlu recently put it: “Now is the time to act” – şimdi uygulama zamanı.
There is a lot at stake. Without action, we could see the global economic supertanker continuing to be stuck in the shallow waters of sub-par growth and meager job creation. This is why we need to focus on these three “I’s”:
Filed under: Advanced Economies, Economic Crisis, Emerging Markets, Employment, Europe, G-20, Globalization, Government, growth, IMF, International Monetary Fund, Investment, Politics, Reform | Tagged: Cameroon, Chile, Christine Lagarde, Cote d’Ivoire, ebola, Egypt, emerging market, euro area, G-20, Haiti, India, Indonesia, inflation, infrastructure, infrastructure investment, investment, Japan, jobs, Malaysia, monetary policy, Netherlands, oil prices, Turkey, U.S. | Leave a comment »
Posted on December 21, 2014 by iMFdirect
By Benedict Clements, Sanjeev Gupta, and Masahiro Nozaki
(Versions in 中文, Français, 日本語, Русский, and Español)
Improvements in health can have a tremendously positive effect on society’s well-being and the level of economic activity. Indeed, 2013’s path-breaking report by the Lancet Commission indicates that about 11 percent of the economic growth in recent decades can be attributed to these improvements. As such, it makes good sense for macroeconomists to pay attention to health indicators and to the factors that influence them, such as public health spending.
In this context, it is not surprising that the impact of IMF-supported programs on public health spending has generated considerable attention. Previous research, focusing on periods before the global financial crisis, indicates that Fund-supported programs have a positive effect on public health spending (Martin and Segura, 2004; Center for Global Development, 2007; Clements, Gupta and Nozaki, 2013). But does this pattern still hold if we extend the analysis to more recent years? In this blog, we take a fresh look at this evidence for developing economies.
Filed under: Africa, Economic Crisis, Economic research, Financial Crisis, Fiscal policy, Global Governance, Globalization, Government, growth, IMF, International Monetary Fund, Low-income countries, Multilateral Cooperation, Politics, Reform | Tagged: Africa, ebola, health care, health spending, Liberia, public health spending, Sierra Leone, Sub-Saharan Africa, tax reform | Leave a comment »
Posted on December 8, 2014 by iMFdirect
By Jeff Hayden
“The first wealth is health,” American philosopher Ralph Waldo Emerson wrote in 1860.
Emerson’s quote, cited by Harvard economist and health expert David E. Bloom in Finance and Development’s lead article, reminds us that good health is the foundation on which to build—a life, a community, an economy.
Humanity has made great strides, developing vaccines and medical techniques that allow us to live longer, healthier lives. Other developments—such as increased access to clean water and sanitation—have helped beat back long-standing ills and pave the way for better health.
Filed under: Advanced Economies, Africa, Economic research, Emerging Markets, Financial Crisis, Globalization, IMF, International Monetary Fund, Low-income countries, Transition | Tagged: ebola, Finance & Development magazine, Finance & Development. F&D, health care, life expectancy, Nobel Prize, poverty, public health spending, Rwanda | 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 »