Posted on July 13, 2016 by iMFdirect
By Anne-Marie Gulde-Wolf
Version in Français (French), Português (Portuguese)
There are many reasons why deeper financial development—the increase in deposits and loans but also their accessibility and improved financial sector efficiency—is good for sustainable growth in sub-Saharan Africa. For one, it helps mobilize savings and to direct funds into productive uses, for example by providing the start-up capital for the next innovative enterprise. This in turn facilitates a more efficient allocation of resources and increases overall productivity.
Filed under: Africa, Economic outlook, Financial regulation, growth, IMF, International Monetary Fund, Investment | Tagged: financial inclusion, Financial regulation, financial sector, growth, IMF, iMFdirect, International Monetary Fund, investment, Pan-African banks, Regional Economic Outlook: Sub-Saharan Africa, stability, Sub-Saharan Africa | Leave a comment »
Posted on July 7, 2016 by iMFdirect
A suitcase filled with multiple passports? That’s not just the stuff of spy movies anymore. Increasingly, a growing number of high-net worth individuals are looking to have a passport portfolio. This has led to a proliferation of so-called citizenship-by-investment or economic citizenship programs that allow individuals from all over the world to legitimately acquire passports.
Filed under: Caribbean, Emerging Markets, IMF, International Monetary Fund, Investment | Tagged: capital inflows, Caribbean, economic citizenship, GDP, governance, IMF, iMFdirect, income growth, International Monetary Fund, investment, sustainable growth | Leave a comment »
Posted on June 30, 2016 by iMFdirect
When global banks decide to withdraw from some countries and no longer do business with banks there, the global effect so far has been a gentle ripple, but if unaddressed, it may become more like a tsunami for the countries they leave.
Filed under: banking, Financial regulation, IMF, International Monetary Fund, Investment, trade | Tagged: Angola, banking services, Caribbean, Financial regulation, financial system, foreign payments, global banks, growth, IMF, iMFdirect, International Monetary Fund, investment, jobs, Liberia, Samoa, trade | Leave a comment »
Posted on May 24, 2016 by iMFdirect
By Sonali Jain-Chandra, Kalpana Kochhar and Tidiane Kinda
Versions in 中文 (Chinese), 日本語 (Japanese)
Asia continues to be the world’s growth leader, but the gains from growth are less widely shared than before. Until about 1990, Asia grew rapidly and secured large gains in poverty reduction while simultaneously achieving a fairly equitable society. Since the early 1990s, however, the region has witnessed widening income inequality that has accompanied its robust expansion—a break from its own remarkable past.
This matters because elevated levels of inequality are harmful for the pace and sustainability of growth. What can be done? Our research finds that policies could substantially reverse the trend of rising inequality. In particular, given limited social safety nets, well-designed fiscal policies may be able to alleviate inequality without stifling the region’s wealth-creating growth.
Filed under: Asia, China, Emerging Markets, Employment, Fiscal, Fiscal policy, Government, growth, IMF, India, Inequality, International Monetary Fund, Investment, Reform | Tagged: China, fiscal policy, IMF, iMFdirect, income inequality, India, inquality, International Monetary Fund, investment, unemployment | Leave a comment »
Posted on December 21, 2015 by iMFdirect
By Wenjie Chen and Roger Nord
(Versions in عربي, 中文, Français, Português, and Español)
China’s President Xi Jinping’s recent pledge of US$60 billion in financial support over the next three years illustrates the depth of the partnership between China and Africa.
However, China’s shift from an investment-heavy, export led growth strategy to an economic model that relies more on domestic consumption has led to a dramatic decline in commodity prices. Lower commodity prices and lower volumes of trade have hit sub-Saharan Africa’s commodity exporters hard. But over the medium term, this shift may offer sub-Saharan African countries the opportunity to diversify their economies away from natural resources, and create jobs for their young populations, provided they pursue the right policies to foster competitiveness and integrate into global value chains.
Filed under: Africa, China, growth, International Monetary Fund, Investment, Transition | Tagged: China, commodities, export diversification, exports, foreign direct investment, IMF, imports, investment, Sub-Saharan Africa, trade | Leave a comment »
Posted on October 6, 2015 by iMFdirect
By Maurice Obstfeld
(Versions in Español, عربي, 中文, Français, Русский and 日本語)
Today, we released the October 2015 World Economic Outlook.
Our forecasts come at a moment when the world economy is at the intersection of at least three powerful forces.
First, China’s economic transformation – away from export- and investment-led growth and manufacturing, in favor of a greater focus on consumption and services. This process, however necessary and healthy in the longer term, has near-term implications for China’s growth and its relations with its trade partners.
Filed under: Advanced Economies, Annual Meetings, Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Europe, growth, IMF, International Monetary Fund, Investment, Latin America, Reform | Tagged: Australia, Brazil, Canada, China, commodiity prices, deflation, emerging markets, exchange rate, forecast, investment, Japan, Latin America, Maurice Obstfeld, monetary policy, Norway, Russia, trade, United States, WEO, World Economic Outlook | Leave a comment »
Posted on September 10, 2015 by iMFdirect
By Joong Shik Kang and Shi Piao
(version in 日本語)
Japanese-brand cars have become everyday, household items in the United States, and it’s hard to drive in the country without seeing one on the roads. These cars may be manufactured by Japanese firms, but about 70 percent of these vehicles are actually produced in North America. Globally, in 2014, about two-thirds of Japanese cars were produced on assembly lines outside of that country. Despite the increase in overseas demand for Japanese vehicles, this hasn’t been mirrored by an expansion in investment, and the building of factories in Japan to meet that demand.
Against this background, our IMF Working Paper looks at possible reasons for this sluggish recovery of corporate investment in Japan, focusing on the role of Japanese firms overseas.
Filed under: Advanced Economies, Asia, Economic Crisis, Economic research, Financial Crisis, growth, IMF, International Monetary Fund, Investment, Reform, 日本語 | Tagged: Abenomics, Bank of Japan, energy, investment, Japan, labor force, manufacturing, structural reform | Leave a comment »