Posted on September 7, 2011 by iMFdirect
By Dominique Desruelle
War-torn Iraq, quake-ravaged Haiti, conflict-devastated Sierra Leone. So many countries around the world face the legacy of terrible hardships that have left them scarred and fragile.
Everyone agrees that countries need help to recover from these situations. But it is not easy to come to a shared understanding on what this really takes.
Some have questioned whether the IMF has a meaningful role to play. They argue that engagement in fragile states—countries with weak institutions and infrastructure, internal conflict, and governments that face difficulties delivering core services to the population—should mainly be left to bilateral donors and development institutions.
And they couldn’t be more wrong. Helping a country’s economy to work better—the IMF’s core expertise—is a central building block to move beyond fragile situations and achieve better lives for its citizens. Continue reading
Filed under: concessional lending, IMF, International Monetary Fund, LICs, Low-income countries | Tagged: capacity building, conflict-affected states, Extended Credit Facility, Fostering Engagement with Fragile States, fragile states, IMF, IMF-supported program, iMFdirect, International Monetary Fund, low-income countries, middle income countries, multi-donor trust fund, program design, Rapid Credit Facility, sustainable macroeconomic framework, technical assistance | 1 Comment »
Posted on September 14, 2010 by iMFdirect
By Dominique Strauss-Kahn
(Version in عربي | Español | Français | Norwegian | Русский)
Oslo was the scene this week of a remarkable event that brought together global leaders from government, business, trade unions, and academia to discuss what many of them said is the biggest issue facing the world today: the jobs crisis.
They spoke of the 210 million people currently out of work worldwide—the highest level of official unemployment in history. They spoke of the human impact in terms of persistent loss of earnings, reduced life expectancy, and lower educational achievement for the children of the unemployed. And they spoke of a potentially “lost generation” of young people whose unemployment rates are much higher than for older groups.
Fortunately, they also spoke of what can be done to save this lost generation.
The Oslo Conference—hosted by Prime Minister Jens Stoltenberg of Norway and co-sponsored by the International Labor Organization (ILO) and the International Monetary Fund (IMF)—the first such joint endeavor in 66 years—attracted extraordinary participation. Continue reading
Filed under: Economic Crisis, Employment, growth, IMF, International Monetary Fund, Multilateral Cooperation | Tagged: cooperation, employment, global economic crisis, global financial crisis, job-creating growth, jobs, jobs recovery, labor markets, long-term unemployment, Oslo conference, sustainable macroeconomic framework, sustainable recovery, unemployment, youth unemployment | 6 Comments »