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 November 18, 2016 by iMFdirect
Esther Duflo, Professor of Development Economics at MIT, co-founded The Poverty Lab to find innovative approaches to poverty alleviation. In this podcast, Duflo says she became an economist specifically to study poverty. Continue reading
Filed under: corruption, Government, International Monetary Fund, poverty | Tagged: education, Esther Duflo, health, information, infrastructure, political inclusion, Richard Goode Lecture | Leave a comment »
Posted on October 26, 2016 by iMFdirect
The IMF’s latest regional economic outlook for Sub-Saharan Africa shows growth at its lowest level in more than 20 years. In this podcast, the African Department’s new Director, Abebe Aemro Selassie, says it’s a mixed story of struggling oil-exporters and strong performers.
Filed under: Africa, banking, developing countries, Economic research, Finance, Fiscal, growth, IMF, International Monetary Fund, LICs, monetary policy, oil, poverty, technology | Tagged: Abebe Aemro Selassie, Angola, Cote d’Ivoire, education, financial inclusion, fuel subsidies, health care, infrastructure, investment, Nigeria, senegal, South Africa, Tanzania, tax systems | Leave a comment »
Posted on May 31, 2016 by iMFdirect
By Jeff Hayden
Strong performance by many African economies over the past two decades led some commentators to coin the term “Africa Rising” to describe the region’s surging economic power.
The term graced the cover of TIME magazine in December 2012, in an issue that chronicled the region’s decades-long journey from economic anemia to impressive vigor. Beginning in the mid-1990s, many—but certainly not all—countries in sub-Saharan Africa energized their economies, achieving in recent years some of the world’s highest growth. Living standards improved as a result, as did health care and other key services, inspiring hope for a bright future.
Filed under: Africa, Fiscal policy, Government, growth, IMF, International Monetary Fund, Investment | Tagged: Africa, health care, IMF, infrastructure, International Monetary Fund, Nigeria, technology, United States, Women in the Workforce | Leave a comment »
Posted on May 11, 2016 by iMFdirect
By Yan Carrière-Swallow and Bertrand Gruss
(Versions in Español and Português)
Falling global commodity prices and the normalization of monetary policy in the United States have contributed to widespread currency depreciations in Latin America. In theory, a falling currency is expected to create inflation by driving up the price of imported goods and services—triggering what economists call exchange rate pass-through.
Filed under: Advanced Economies, banking, inflation, International Monetary Fund, Latin America | Tagged: advanced economies, central banks, Diálogo a Fondo, exchange rate pass-through, exchange rate regimes, IMF, inflation, inflation targeting, infrastructure, International Monetary Fund, Latin America, monetary policy, wages | Leave a comment »
Posted on April 19, 2016 by iMFdirect
Public capital—road, bridges, electricity—can make countries richer by attracting more investment and building economic growth at a time when many are struggling with low growth. Many economists would argue public investment projects in highly efficient countries tend to have a greater impact on growth. New research by IMF economists shows that’s not necessarily the case. Continue reading
Filed under: Advanced Economies, Africa, Asia, Caribbean, China, Economic research, growth, IMF, International Monetary Fund, Latin America, LICs, Low-income countries | Tagged: Andy Berg, infrastructure, public spending | Leave a comment »