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IMF Podcast

IMF Podcast

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Listen to the World's top economists discuss their research and deconstruct global economic trends.


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by Garrett Petersen

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IMF World Economic Outlook


Tue, Apr 18, 2017


The IMFs latest World Economic Outlook projects global growth at 3.5 percent in 2017 and 3.6 percent in 2018. In this podcast, IMF Chief Economist Maurice Obstfeld says global growth is gaining momentum.

Contributors:

Maurice Obstfeld, IMF Economic Counselor



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Bank Capital: How Much is Enough?


Fri, Apr 14, 2017


The 2008 global financial crisis exposed the vulnerability of banks that do not hold enough capital. The Basel Committee on Banking Supervision has since revised capital requirements for banks. In this podcast, we ask IMF economist Lev Ratnovski, how much capital banks need to hold to avert another crisis.

Contributors:

Lev Ratnovski, Senior Economist in the IMFs Research Department.



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Muna AbuSulayman: Gender Equity in Saudi Arabia


Tue, Apr 04, 2017


Muna AbuSulayman, is founder and co-host of the most popular social issues program on Arab television. Kalam Nawaem tackles controversial topics and has been pushing social boundaries in the region for 15 years. In this podcast, AbuSulayman says Arab women should be free to achieve their goals without cultural or economic barriers.

Contributors:

Muna AbuSulayman, Co-founder of Meedan.com, a news hub for Arab youth and women.



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John Evans: Navigating Todays Labor Market


Fri, Mar 24, 2017


Labor unions around the world are having to adapt to a fast changing labor market. John Evans heads the Trade Union Advisory Committee to the OECD, and represents some 65 million organized workers worldwide. In this podcast, Evans says workers are caught in the middle of rapid technological change and slow global growth.

Contributors:

John Evans, General Secretary of the Trade Union Advisory Committee to the OECD.



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Jamie Drummond: Invest in Africa or Else


Wed, Mar 15, 2017


As the Group of Twenty finance ministers and central bank governors meet in Germany this week, policymakers are looking at ways to increase investment in Africa. ONE Campaigns Jamie Drummond says investing into the education, employment and empowerment of this generation of Africans will help create jobs and curb migration into Europe.

Contributors:

Jamie Drummond, Co-Founder and Executive Director of The ONE Campaign



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Hilma Mote: Africa Must Make Women a Priority


Wed, Mar 08, 2017


Global trade union leaders gathered at the IMF in February to discuss how workers are being impacted by the changing global economy. In this podcast, Hilma Mote, of the African Regions International Trade Union Confederation talks about the challenges African youth, especially women are facing with the continents rapidly growing labor force.

Contributors:

Hilma Mote, Executive Director of the Africa Labor research and education Institute, ITUC-Africa.



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Eric Hanushek: More One Knows, Faster One Grows


Fri, Mar 03, 2017


There is a strong connection between human capital and economic growth, and in this podcast, Eric Hanushek says societies that invest a lot in the cognitive skills of their people grow significantly faster. Hanushek studies the relationship between education policy and economic outcomes at Stanford University.

Contributors:

Eric Hanushek, Paul and Jean Hanna Senior Fellow at the Hoover Institution of Stanford University.http://hanushek.stanford.edu/



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Alec Ross on The Industries of the Future


Fri, Feb 24, 2017


In this podcast we speak with author Alec Ross about his new book The Industries of the Future. Ross says 90 percent of the worlds data has been produced in the last two years, so those businesses that own or harvest a meaning from all this data will be leading the pack. Ross has served as Senior Advisor for Innovation to the US Secretary of State.

Contributors:

Alec Ross, Distinguished Senior Fellow at Johns Hopkins University.



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Sharan Burrow, on Regaining Trust


Fri, Feb 17, 2017


Every two years, the IMF and World-Bank invites global labor union leaders to discuss the global economy and the implications for the labor force. In this podcast, Sharan Burrow, head of the worlds largest trade union federation, says collective action is needed to help better distribute the benefits of growth, if institutions are to regain trust from working people.

Contributors:

Sharan Burrow, General Secretary of the International Trade Union Confederation.



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Barry Eichengreen: Asias Ascent and the Global Monetary System


Wed, Feb 08, 2017


With Asias recent growth comes a growing responsibility within the global economy. In this podcast, Barry Eichengreen, Professor of Political Science at the University of California, Berkeley, breaks down the weight of that responsibility and how Asia can rise to fulfill it.

Contributors:

Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley.



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Mining for Revenues: Alexandra Readhead on Transfer Pricing


Tue, Jan 31, 2017


While many African countries have enjoyed significant revenues from the mining industry in recent years, a new study published by the Natural Resource Governance Institute suggests tax revenues from mining could be much higher if transfer pricing rules were enforced. In this podcast, we speak with the reports author Alexandra Readhead.

Contributors:

Alexandra Readhead, author of Preventing Tax Base Erosion in Africa



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The Cost of Corruption for the Young


Wed, Jan 18, 2017


Corruption, in its many forms, affects people from every walk of life, in every country. While it does not discriminate based on age, young people are affected by corruption in ways that can follow them throughout their careers. In this podcast, anti-corruption leader Sergejus Muravjovas, talks about the ways in which youth are fighting back.

Contributors:

Sergejus Muravjovas, Executive Director at Transparency International
Lithuania and founder of TransparencySchool.org



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Thomas Friedman on Warp Speed Digital Globalization


Wed, Jan 11, 2017


New York Times columnist and best-selling author Thomas Friedman, says our lives are being transformed in so many realms at once- its dizzying. In this podcast, Friedman talks about his new book, Thank You for Being Late, An Optimists Guide to Thriving in the Age of Accelerations.

Contributors:

Thomas Friedman, New York Times columnist and best-selling author.



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Julie Delahanty on Gender-Conscious Budgets


Thu, Jan 05, 2017


Julie Delahanty has done extensive work on the disenfranchisement of women due to the lack of equal opportunity. Delahanty is the Executive Director of Oxfam Canada, and joined a panel discussion during the IMF conference on Reducing the Gender Gap. In this podcast, Delahanty says vulnerable women are the most negatively affected by rising inequality.

Contributors:

Julie Delahanty, Executive Director of Oxfam Canada



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Douglas Irwin on Trade: Reality vs Perception


Fri, Dec 16, 2016


Who benefits from free trade and who doesnt? The realities dont always match peoples perceptions. In this podcast, economist and free trade expert Douglas Irwin addresses some of the controversies. Irwin participated in a seminar entitled Making Trade an Engine of Growth for All at this years IMF/World Bank Annual Meetings.

Contributors:

Douglas Irwin, John Sloan Dickey Third Century Professor in Social Sciences in the Department of Economics at Dartmouth College



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Ravi Kanbur: Political Dimensions of Data and Statistics


Fri, Dec 09, 2016


Ravi Kanbur says statistics are fundamentally political in nature and in import. Kanbur is Professor of Economics at Cornell University and gave the keynote speech at the Fourth IMF Statistical forum on Statistics for Inclusive Growth, held in November 2016. In this podcast, Kanbur says data doesnt always reflect reality when it comes to poverty and inequality.

Contributors:

Ravi Kanbur: T. H. Lee Professor of World Affairs and Professor of Economics at Cornell University.



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Harold James on Globalization: New Concept Old Reality


Wed, Nov 30, 2016


Globalization is a recent term, but the internationalization of markets, people, ideas, and cultures is nothing new. In this podcast, IMF historian Harold James, talks about how the past might help guide us into the future. James is Professor of History and International Affairs at Princeton University, and author of New Concept Old Reality published in the December 2016 edition of Finance and Development magazine.

Contributors:

Harold James, Professor of History and International Affairs at Princeton University and IMF Historian



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Esther Duflo: Poverty Not Only Lack of Money


Thu, Nov 17, 2016


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 all economic and social dimensions of poverty must be considered in order to effectively address the problem. Duflo presented the 2016 Richard Goode lecture at the IMF earlier this month.

Contributors:

Esther Duflo: Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology.



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The Economics of Natural Disasters in Sub-Saharan Africa


Wed, Nov 16, 2016


The IMFs latest Regional Economic Outlook for Sub-Saharan Africa dedicates an entire chapter on what a drought, an earthquake or a pandemic can do to a countrys economy. In this podcast, lead authors Marshall Mills and Vimal Thakoor say natural disasters have a much bigger impact in sub-Saharan Africa than any other region.

Contributors:

Marshall Mills: Economist and Mission Chief for Madagascar, IMF African Department.

Vimal Thakoor: Economist, IMF African Department.



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Nyaradzayi Gumbonzvanda: Make Economies Work for Women


Mon, Nov 07, 2016


While the benefits of expanding womens participation in the economy are clear, women around the globe continue to face barriers. In this podcast, Action Aids Nyaradzayi Gumbonzvanda says women bear a disproportionate responsibility for unpaid care work, and ill-thought-out policies often add to that burden. Gumbonzvanda joined a panel on Making Macroeconomics Work for Women at the IMF World-Bank Annual Meetings.

Contributors:

Nyaradzayi Gumbonzvanda, International Board Chair for Action Aid



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One-on-One with Christine Lagarde, Featuring Michael Lewis


Wed, Nov 02, 2016


In this podcast, IMF Managing Director, Christine Lagarde, and best-selling author Michael Lewis (The Big Short), reflect on lessons learned from the financial crisis and other issues facing the world economy. The discussion took place before a live audience during the IMF World-Bank Annual meetings last month.

Contributors:

Christine Lagarde: IMF Managing Director.

Michael Lewis: Author, columnist and financial journalist.



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Ray Kurzweil: Intelligent Machines Are Your Friend


Thu, Oct 27, 2016


In this podcast, inventor and futurist Ray Kurzweil talks about how artificial intelligence is helping overcome human limitations and creating better-paying jobs. Kurzweil participated in a panel discussion entitled Technology, Innovation, and Inclusive Growth, during the 2016 IMF World-Bank Annual Meetings.

Contributors:

Ray Kurzweil: Inventor, futurist, and author.



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Abebe Aemro Selassie: Sub-Saharan Africa Growth Lowest in 20 Years


Tue, Oct 25, 2016


The IMF's latest regional economic outlook for Sub-Saharan Africa shows growth at its lowest level in more than 20 years. But in this podcast, the African Departments new Director, Abebe Aemro Selassie, says its a mixed story of struggling oil-exporters and strong performers.

Contributors: Abebe Aemro Selassie, Director of the IMFs African Department



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Afrique subsaharienne: taux de croissance ? son plus bas niveau depuis vingt ans


Tue, Oct 25, 2016


Le dernier rapport du FMI sur les Perspectives ?conomiques r?gionales pr?voit que le taux de croissance ?conomique de lAfrique subsaharienne devrait descendre ? son plus bas niveau depuis plus de deux d?cennies. Mais C?line Allard, chef de la division des ?tudes r?gionales au D?partement Afrique, dit que plusieurs pays continuent de croitre de mani?re tr?s robuste

Contributeurs: C?line Allard, chef de la division des ?tudes r?gionales au D?partement Afrique du FMI



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IMF World Economic Outlook


Tue, Oct 04, 2016


The IMFs latest World Economic Outlook projects global growth at 3.1 percent in 2016 and 3.4 percent in 2017. In this podcast, IMF Chief Economist Maurice Obstfeld says growth has been too slow for too long.

Contributors:

Maurice Obstfeld, IMF Chief Economic Counselor



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Ghana: IMF Approves Third $116.2m Disbursement


Fri, Sep 30, 2016


Ghanas economyonce a model for growth in West Africa, took a turn for the worse in 2012. Its been getting help from the IMF under a 3-year program known as the Extended Credit Facility. The IMF board has approved another US$116m, and under the arrangement Ghana could receive more than US$900m if all targets are met. In this podcast, Jo?l Toujas-Bernat?, IMF mission chief for Ghana, says the country is making good progress.

Contributors:

Jo?l Toujas-Bernat?, IMF Mission Chief for Ghana



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Ethiopia: Drought, Low Commodities Dampen Growth


Thu, Sep 29, 2016


While Ethiopia has been experiencing strong growth since the early 2000s, the IMFs latest review of the countrys economy says low commodity prices and a drought have put growth levels well below 10 percent for the first time in a decade. In this podcast, we speak with Julio Escolano, IMF Mission Chief for Ethiopia, who oversaw the writing of the report.

Contributors:

Julio Escolano, IMF Mission Chief for Ethiopia.



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Refugee Crisis Global Challenge, Kyung-wha Kang


Thu, Sep 15, 2016


More than 1 million migrants and refugees made their way to Europe last year, 350K from Syria alone. A recent IMF study says people fleeing conflict areas in the Middle-East and North Africa has brought about the biggest refugee crisis since World War 2. In this podcast, the UNs Kyung-Wha Kang says the 1951 UN convention for refugees is no longer enough.

Contributors:

Kyung-Wha Kang, Assistant Secretary-General for Humanitarian Affairs and Deputy Emergency Relief Coordinator at the United Nations.



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Creative Industries a Development Opportunity


Fri, Sep 09, 2016


The United Nations estimates the global creative economy in 2011 generated more than $600 billion. In this podcast we speak with Patrick Kabanda, who says a countrys cultural wealth presents a huge development opportunity. Kabanda is author of Music Going for a Song published in the September 2016 edition of Finance & Development Magazine.

Contributors:

Patrick Kabanda, Consultant for the office of the Senior Vice President and Chief Economist at the World Bank



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Robots, Growth, and Inequality


Wed, Aug 31, 2016


As robotic technology becomes more sophisticated, robots could soon become perfect substitutes for human labor. In this podcast, IMF economist Andy Berg says the robot revolution could lead to greater inequality. Berg is coauthor of Robots, Growth, and Inequality published in the September 2016 edition of Finance & Development Magazine.

Contributors:

Andy Berg, Deputy Director of the IMFs Institute for Capacity Development



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Klaus Rudischhauser on Taxes and Development


Fri, Aug 26, 2016


Taxes are what governments rely on to provide the public goods and services that support economic growth. In this podcast, DG DEVCOs Klaus Rudischhauser, says some countries with millions of inhabitants have only a few hundred tax payers. Rudischhauser participated in a Spring Meetings seminar on Capacity Development entitled Collect More & Spend Better

Contributors:

Klaus Rudischhauser, Deputy Director-General of the European Commissions International Cooperation and Development (DG DEVCO)



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Un Coup de Pouce pour Madagascar


Fri, Aug 19, 2016


Les Autorit?s Malagasy et les services du FMI sont arriv?s ? un accord de principe sur un programme ?conomique valable jusqu? fin 2019, ouvrant la voie ? une croissance soutenue et inclusive. Les politiques envisag?es dans ce cadre pourraient b?n?ficier dun concours de $310 millions de dollars. Dans ce podcast, Marshall Mills, chef de Mission pour le Madagascar, discute les points essentiels du nouveau programme.

Contributors:

Marshall Mills, chef de Mission du FMI pour le Madagascar



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Madagascar Gets a Boost


Fri, Aug 19, 2016


The IMF says Madagascar has built a good track record since its reengagement in 2014, showing the country is capable of sustaining recent reforms that have improved its economic outlook. In this podcast, Mission Chief, Marshall Mills talks about a new IMF program for Madagascar that includes US$ 310 million over three years.

Contributors:

Marshall Mills, IMF Mission Chief for Madagascar



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Poor Economics with Abhijit Banerjee


Fri, Aug 12, 2016


Abhijit Banerjee, has worked in dozens of countries trying to better understand the economics of poverty. He argues anti-poverty policies often fail because of inadequate understanding of the decisions poor people make. Banerjee Participated in a seminar on Sustainable Economic Development during the IMF World-Bank Spring meetings. In this podcast, we discuss why so little is known about a billion poor people in the world.

Contributors:

Abhijit Banerjee, Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology, and author of Poor Economics, A radical Rethinking of the Way to Fight Global Poverty



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Winnie Byanyima on Women in Global Economy


Thu, Jul 28, 2016


Its vital to address the economic challenges of women and girls in order to fix the economic challenges of nations. This was the main theme of a seminar called Getting Down to Business: Women, Work, and the Global Economy, held during the IMF/World Bank Spring Meetings. In this podcast, Oxfam Internationals Winnie Byanyima talks about the increasing statistical evidence that shows women's contributions to the global economy are invaluable.

Contributors:

Winnie Byanyima, Executive Director of Oxfam International



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Currency and Power with Benjamin Cohen


Fri, Jul 22, 2016


Monetary rivalry is a fact of life in the world economy, says Benjamin Cohen, professor of International Political Economy at the University of California and author of Currency Power: Understanding Monetary Rivalry. In this podcast, Cohen explains why currencies become internationalized, and examines the relationship between world currencies and State power.

Contributors:

Benjamin Cohen, Professor of International Political Economy at the University of California



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South Africa: Urgent Need for Policy Reforms


Wed, Jul 06, 2016


South Africa faces significant challenges and needs decisive action to revive growth, the IMF said in its latest economic review. While the report acknowledges considerable economic and social progress, it shows income inequality and unemployment are unacceptably high. In this podcast, we speak with Laura Papi, IMF Mission Chief for South Africa.

Contributors:

Laura Papi, IMF Mission Chief for South Africa



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When Global Banks Become Less Global


Thu, Jun 30, 2016


Many of the worlds bigger banks are reevaluating their relationships with banks in smaller riskier countries, making it harder for businesses and people to move money across borders. The process is commonly known as De-Risking. IMF Staff have recently published a research paper entitled The Withdrawal of Correspondent Banking Relationships. In this podcast, we speak with coauthor Yan Liu.

Contributors:

Yan Liu, Assistant General Counsel in the IMFs legal Department.



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Ian Bremmer, on Geopolitics of Refugee Crisis


Fri, Jun 17, 2016


Europe is struggling to cope with millions of asylum seekers from conflict zones in the Middle East. In this podcast, Ian Bremmer, president of the global political risk research firm Eurasia Group, says the biggest challenges behind the refugee crisis are more political than economic. Bremmer participated in a seminar entitled Conflicts and the Refugee Crisis: An International Call for Action at the IMF-World Bank Spring Meetings in April.

Contributors:

Ian Bremmer, President and Founder of Eurasia Group, a global political risk research and consulting firm.



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Collect More - Spend Better, Eric Postel


Thu, Jun 09, 2016


Billions of uncollected tax dollars in developing countries could be used to lift more people out of poverty. In this podcast, Eric Postel, USAIDs Associate Administrator explains how redoubled efforts to improve tax systems worldwide are making a difference. Postel participated in seminar entitled Collect More & Spend Better at the IMF-World Bank Spring Meetings in April.

Contributors:

Eric Postel, Associate Administrator at the U.S. Agency for International Development (USAID)



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Steven Radelet, Africas RiseInterrupted?


Fri, Jun 03, 2016


If high commodity prices alone drove recent advances in Africa, the prospects for further gains seem dim. But in this podcast, Steven Radelet, says the reality is more complex, and the outlook is more varied than many now suggest. Radelets article, Africas Rise- Interrupted? is published in the June 2016 issue of Finance and Development magazine.

Contributors:

Steven Radelet, holds the Donald F. McHenry Chair in Global Human Development, and is Director of the Global Human Development Program at Georgetown Universitys Edmund A. Walsh School of Foreign Service.



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A Fork in the Road, Chinas Relationship with Africa


Thu, May 26, 2016


Slumping Chinese demand has African economies scrambling to find alternate sources of revenue. In this podcast, we speak with Roger Nord, Deputy Director of the African Department in the IMF, and coauthor of A Fork in the Road, published in the June 2016 issue of Finance and Development magazine.

Contributors:

Roger Nord, IMF Deputy Director, African Department



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Refugee Crisis Taking Toll on Jordan, Imad Fakhoury


Fri, May 20, 2016


Of the 5 million people fleeing civil war in Syria, more than a million have ended up in Jordan. The refugee crisis has hit host countries like Jordan hard. Imad Fakhoury, Jordans minister of planning, joined a seminar about Conflicts and the Refugee Crisis, at the IMF-World Bank Spring Meetings. In this podcast, Fakhoury talks about the impacts of the refugee crisis on Jordan.

Contributors:

Imad Fakhoury, Jordans Minister of Planning and International Cooperation



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Kemi Adeosun, on Nigerias Dwindling Oil Revenues


Fri, May 13, 2016


As Nigerias Finance Minister, Kemi Adeosun is charged with navigating Africas largest oil producer through the biggest oil price slump in decades. In this podcast, Adeosun talks about the need to diversify government revenues, and how inclusive growth can stem rising insecurity. Adeosun joined a panel discussion about sub-Saharan Africa during the IMF-World Bank Spring Meetings.

Contributors:

Kemi Adeosun, Nigerias Finance Minister



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Laffaiblissement de la croissance en Afrique n?cessite un changement de cap


Thu, Apr 28, 2016


La derni?re ?dition des Perspectives ?conomiques r?gionales,pr?voit que lAfrique subsaharienne va conna?tre une deuxi?me ann?edifficile ? cause des multiples chocs qui frappent la r?gion. Dansce podcast, C?line Allard, chef de la division des ?tudesr?gionales au D?partement Afrique du FMI, discute les pointsessentiels du rapport.

Contributors: C?line Allard, chef de la division des ?tudesr?gionales au D?partement Afrique du FMI



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Weakening Growth in Sub-Saharan Africa Calls for Policy Reset


Thu, Apr 28, 2016


The IMF's latest regional economic outlook for Sub-SaharanAfrica predicts a second difficult year as the region is hit bymultiple shocks. In this podcast, co-author C?line Allard, says thesteep decline in commodity prices and tighter financing conditionshave put many large economies under severe strain.

Contributors: C?line Allard, Head of the Regional StudiesDivision in the IMFs African Department



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Raghuram Rajan, on the Global Financial Safety Net


Wed, Apr 27, 2016


In this Podcast, we speak with Raghu Rajan, Indias central bank governor about the Global Financial Safety Net. Rajan is charged with securing monetary stability in one of the worlds largest Emerging Market economies, at a time when others are stumbling in the face of difficult global economic trends. Rajan participated in a seminar entitled Fortifying the Global Financial Safety Net, during the IMF-World Bank Spring meetings.

Contributors: Raghuram Rajan, Governor of the Reserve Bank of India



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Too Slow Too Long; New IMF Global Growth Forecast


Tue, Apr 12, 2016


The new World Economic Outlook anticipates a slight acceleration in growth this year, from 3.1 to 3.2 percent, followed by 3.5 percent growth in 2017. But IMF Chief Economist Maurice Obstfeld says projections continue to be progressively less optimistic over time.

Contributors:

Maurice Obstfeld, IMF Chief Economic Counselor



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Public Investment Payoff Not Necessarily About Efficiency


Fri, Apr 01, 2016


While many economists would argue public investment projects in highly efficient countries have a greater impact on growth, recent research by some IMF economists shows thats not necessarily the case. In this podcast we speak with the IMFs Andy Berg, who suggests the impact on growth from public investment spending is similar in both high and low-efficiency countries.

Contributors:

Andy Berg, a Deputy Director in the IMFs Institute for Capacity Development



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Le Gabon Touch? par le Repli des Cours du P?trole


Wed, Mar 16, 2016


Dans son dernier bilan, le FMI signale que l?conomie gabonaise a ?t? durement touch?e par la chute des cours du p?trole. Dans ce podcast, nous nous entretenons avec Montfort Mlachila, chef de mission du FMI pour le Gabon. Il souligne que le pays peut accro?tre sa r?silience et redynamiser la croissance en diversifiant son ?conomie.

Montfort Mlachila, Chef de mission du FMI pour le Gabon.



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Gabon Hit by Oil Price Slide


Wed, Mar 16, 2016


The IMFs most recent review of Gabons economy shows its been hit hard by the oil price decline. In this podcast, we speak with IMF Mission Chief for Gabon, Montfort Mlachila, who says the country can build resilience and revive growth by diversifying its economy.

Contributors:

Montfort Mlachila, IMF Mission Chief for Gabon



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Low Skills Low Wages: Eric Maskin on Inequality


Wed, Mar 16, 2016


While it was widely expected that globalization would reduce inequality, income disparities between skilled and unskilled workers has only increased in recent years. In this podcast we ask Nobel Laureate Eric Maskin, why the global markets havent offered better economic opportunities for the worlds poorest.

Contributors:

Eric Maskin, Professor at Harvard University, and 2007 Nobel Laureate.



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Gender and Opportunity, with Ngozi Okonjo-Iweala


Tue, Mar 08, 2016


On this International Womans Day, we speak with Nigerian economist Dr. Ngozi Okonjo-Iweala. Best known for her two terms as Nigerias Finance Minister and for her work as a Managing Director at the World Bank, Dr. Okonjo Iweala is always looking for ways to help bridge the gender gap.

Contributors:

Dr. Ngozi Okonjo-Iweala,



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Migration and the Economics of Language


Mon, Feb 29, 2016


More than a million migrants have entered Europe this year according to the International Organization for Migration. In this podcast, we speak with Professor Barry Chiswick who says language acquisition is key to immigrant success. Chiswick says language skills among immigrants are a form of human capital, and can substantially increase potential earnings.

Contributors:

Barry Chiswick, Professor of Economics and International Affairs at George Washington University



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Collateral Damage: Strong Dollar Hits Emerging Markets


Fri, Feb 19, 2016


While many economies around the world should benefit from a growing US economy, a strong US dollar is seldom good news for emerging markets. In this podcast, we talk to IMF Senior Economist Nicolas Magud, coauthor of an article entitled Collateral Damage, published in the December 2015 issue of Finance and Development magazine.

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Lesotho: Avoiding the Fiscal Cliff


Mon, Feb 08, 2016


The fabled mountain Kingdom of Lesotho achieved strong growth in recent years, but the IMFs latest economic review shows growth rates have dropped. In this podcast, IMF mission chief for Lesotho, David Dunn, says slower growth in neighboring South Africa has significantly reduced Lesothos government revenues.

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Ghana, the Bumpy Road to Recovery


Wed, Jan 20, 2016


Ghana is considered one of West Africas most stable democracies, and until recently it was a model for economic growth. But since 2012, the economy has taken a turn for the worse, and Ghana is now getting help from the IMF. In this podcast, IMF Mission Chief, Jo?l Toujas-Bernat? talks about the countrys economic challenges.

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WEO Update: Emerging market, Developing Economies Face Increased Challenges


Tue, Jan 19, 2016


The IMF released an update to its World Economic Outlook published in October 2015. The WEO Update, projects global growth to be slightly lower than last falls forecast, at 3.4 percent this year, and 3.6 percent in 2017. IMF Chief economist Maurice Obstfeld, launched the new report at a press conference in London.

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The Insatiable Demand for Sand


Thu, Jan 07, 2016


As the worlds metropolises expand to accommodate more people, the earths supply of sand is being pushed to the limit. Deceptively abundant, the basic raw material for glass and concrete cant keep up with demand. In this podcast, Pascal Peduzzi, of the United Nations Environmental Programme, talks about how our overdependence on sand is unsustainable.

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A Passport of Convenience


Thu, Dec 17, 2015


The confluence of globalization and increased travel security has given rise to a flourishing industry, where residency and citizenship can be acquired by those with means. In this podcast we speak with the IMFs Judith Gold and Ahmed El-Ashram, who coauthored an article entitled A Passport of Convenience, published in the December 2015 issue of Finance and Development.

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The High Cost of Fighting HIV


Thu, Dec 10, 2015


Many more people with HIV are now surviving for longer, thanks to new antiretroviral drug treatments. But their governments must now come up with a way to pay for their ongoing treatment. But the price is putting many countries in sub-Saharan Africa at risk of unsustainable levels of debt. By Sir Paul Collier, Professor of Economics and Public Policy in the Blavatnik School of Government, University of Oxford

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Investment Renaissance; Chinese Entrepreneurs in Africa


Fri, Nov 20, 2015


Africas strong growth in recent years has helped improve its institutions and policies, spurring more foreign direct investment from countries like China. In this podcast, David Dollar, Senior Fellow at the Brookings Institution, says while China is important to the increasing foreign investment in Africa, its role is far from dominant. Dollar is coauthor of Investment Renaissance, published in the December 2015 issue of Finance and Development magazine.

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Finding the Low-Carbon Road


Thu, Nov 19, 2015


World leaders will meet in Paris in December to forge a new climate deal that caps global warming at 2 degrees Celsius over pre-industrial revolution levels. But in this podcast, Nick Stern, Professor of Economics and Government at the London School of Economics, says the world is not yet on the two degree path as carbon emissions continue to rise. Stern is author of The Low-Carbon Road in the December issue of Finance & Development magazine.

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Impact of Climate Change Untenable, Christiana Figueres


Fri, Nov 13, 2015


Climate change has been at the forefront of discussions within the development community, as world leaders prepare to present their plans to reduce carbon emissions at the United Nations summit on climate change in December. In this podcast, the IMFs Gita Bhatt talks to Christiana Figueres, head of the United Nations framework convention on climate change.

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The Dark Side of Globalization


Fri, Oct 30, 2015


From global financial crises to cybercrime, globalization has its downsides. The director of the Oxford Martin School discusses the pitfalls of the global communitys ever closer union, and offers some possible remedies to its darker side.

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LAfrique subsaharienne, Plus Faible Taux de Croissance en Six Ans


Fri, Oct 23, 2015


LAfrique subsaharienne subit les effets de la baisse des cours des produits de base. Le dernier rapport du FMI sur les Perspectives ?conomiques r?gionales pr?voit que les taux de croissance de la r?gion descendront ? leur plus bas niveau depuis six ans. Dans ce Podcast, C?line Allard, co-auteur du rapport, dit que certains pays ont tr?s peu d?pargne ? leur disposition pour faire face ? cet ajustement.

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Sub-Saharan Africa, Growth Falls to Six Year Low


Fri, Oct 23, 2015


Economic activity has weakened markedly in sub-Saharan Africa, and the strong growth momentum of recent years has dissipated in several countries. The IMFs latest Regional Economic Outlook for sub-Saharan Africa puts growth at 3? percent this year, lower than in 2009 in the aftermath of the global financial crisis. In this podcast, co-author C?line Allard, says low commodity prices, and tighter financing are key factors.

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Riche mais Pauvre; la R?publique D?mocratique du Congo


Tue, Oct 13, 2015


Sil est un pays qui d?montre combien il est difficile de transformer les richesses min?rales en croissance inclusive, cest bien la R?publique d?mocratique du Congo. Selon la derni?re ?valuation annuelle de l?conomie congolaise r?alis?e par le FMI, les taux de croissance en 2014 atteignaient jusqu? 9,2 %, mais les indices de pauvret? de la RDC restent parmi les plus ?lev?s au monde. Dans ce podcast, Norbert To?, Chef de mission pour la RDC, discute les points essentiels du rapport.

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Rich yet Poor: The Democratic Republic of the Congo


Tue, Oct 13, 2015


If there's one country that exemplifies the difficulty in transforming mineral wealth into inclusive growth- it's the Democratic Republic of Congo. The IMF's latest annual economic assessment indicates while growth rates for 2014 were as high as 9.2 percent, poverty rates in the DRC are still among the highest in the world. In this podcast, Norbert To?, IMF mission chief for the DRC discusses the key findings in the report.

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Corruption Matters; Good Governance Pays


Thu, Oct 08, 2015


In development circles, governance is often a code word for corruption. But Daniel Kaufmann, president of the Natural Resource Governance Institute, says governance is much broader. In this podcast, Kaufmann talks about how good governance can actually triple a country's per capita income.

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Global Growth Slows Further, IMFs latest World Economic Outlook


Tue, Oct 06, 2015


The IMFs latest World Economic Outlook (WEO) shows global growth at 3.1 percent this year, down from 3.4 percent in 2014. The report says while outlooks vary from country to country, the new WEO forecasts predict slower near-term growth nearly across the board, with increasing downside risks to the world economy as commodity prices continue to fall.

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Yanquis in Havana


Wed, Sep 23, 2015


Cuba has been out of bounds for American tourists for more than 50 years. But with the US recently restoring diplomatic relations, some say its just a matter of time before the floodgate opens to a whole generation of baby boomers wanting to experience some of Hemmingways favorite watering holes. In this podcast the IMFs Nicole Laframboise talks about how the thaw in relations between the US and Cuba could shake up the Caribbean tourism industry.

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Sub-Saharan Africa Getting a Grip on Inflation


Thu, Sep 10, 2015


Inflation can determine a currencys purchasing power as high inflation means rising prices. But what drives inflation differs from region to region. In this podcast we talk with Oral Williams, IMF Mission Chief for Malawi and coauthor of a new research paper that shows the drivers of inflation are changing in sub-Saharan Africa.

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The Future of Asian Finance


Wed, Sep 02, 2015


Asia fared well throughout the global financial crisis and has since become one of the strongest economic regions in the world. But with the global economy such as it is, a new book published by the IMF says Asias financial systems are facing new challenges. In this podcast coauthor Jim Walsh talks about The Future of Asian Finance.

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Most Unequal on Earth


Thu, Aug 27, 2015


While the gap between rich and poor is widest in Latin America, research led by Nora Lustig shows its the only region in the world where the gap is actually narrowing. But in this podcast, Lustig admits its still unclear what specifically is behind the trend.

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Painting a Better Picture of Poverty


Thu, Aug 20, 2015


Poverty can mean different things in different countries. The creator of the Multidimensional Poverty Index explains how the measure is designed to expand policymakers understanding of poverty beyond the traditional benchmark of living on less than $1.25 per day.

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Domestic Reforms to Expand Trade


Thu, Aug 13, 2015


World trade has slowed in the past decade. Professor Douglas Irwin says countries need to shift from focusing on trade barriers at borders, to domestic reforms that would help entrepreneurs get their goods to port cities for export.

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Russia Feeling The Pinch of Cheaper Oil, Sanctions


Thu, Aug 06, 2015


Russia is now likely in recession with GDP growth expected to decline 3.4 percent this year, says the IMF in its annual economic assessment. Mission Chief Ernesto Ramirez Rigo, explains how Russias economic woes are largely due to the dramatic drop in oil prices, and sanctions in response to developments in Crimea and Ukraine.

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Building Up India's Infrastructure Capacity


Thu, Jul 23, 2015


India has invested nearly half a trillion dollars in its infrastructure over the last decade, but finding the funding for mega-projects is only half the challenge. The head of one of the countrys leading infrastructure finance companies explains.

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Paying For the New Development Agenda


Wed, Jul 08, 2015


IMF board of Directors approved a package of proposals to help developing countries finance the new Sustainable Development Goals. IMFs Sean Nolan says the package will enhance the financial safety net for low income countries and fragile states.

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Global Trade Starts At Home


Fri, Jul 03, 2015


Increasing trade can spur growth says Mari Pangestu of Jakartas center for Strategic and International Studies. In this podcast Pangestu talks about how efficient, open and fair regional trade agreements make for a healthier global trade environment.

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Keeping the Glass Full in Burkina Faso


Thu, Jun 25, 2015


The IMF recently published a study on the worlds water resource management challenges. Co-author Laure Redifer says Burkina Faso is an example of how efficient water resource management can improve a countrys economic prospects.

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Inequalitys Toll on Growth


Thu, Jun 18, 2015


Study by IMF Staff suggests raising income levels of the poor and middle boosts overall economic growth. Co-authors Kalpana Kochhar and Era Dabla-Norris say the wealth of the rich is not trickling down.

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Financing the New Development Goals


Thu, Jun 11, 2015


As the United Nations prepares to adopt its 17 new Sustainable Development goals in September, Florencio Abad talks about how the Philippines and other countries might find the resources required to hit the targets.

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Solvency or Bust?


Thu, Jun 04, 2015


Public debt is a normal part of a governments finances, but too much debt can have serious consequences for a country. During a seminar at the IMF-World Bank Meetings, one former head of state, who left office with public finances in good standing, explains how her administration succeeded where others have so often failed. More at: http://www.imf.org/external/POS_meetings/SeminarDetails.aspx?SeminarId=41? Helen Clark, Administrator of UNDP

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Rwanda: Building from the Ashes


Mon, Jun 01, 2015


Two decades on from the genocide in which hundreds of thousands were slaughtered, the tiny east African state of Rwanda has been seeking a path to development and reconciliation. By Claver Gatete, Minister of Finance of Rwanda

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Infrastructure Investment: The Case of the U.K.


Thu, May 14, 2015


Over the next decade and a half , the United Kingdom will pour hundreds of billions of dollars into transport, and other infrastructure projects. One of the countrys top experts in the field says good planning, and strong political are critical to success.

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All?gement de la Dette de 1,1 Milliard de Dollars en Faveur du Tchad


Fri, May 08, 2015


Mauricio Villafuerte , Chef de mission pour le Tchad dit que le pays a mener ? bien de remarquables r?formes ?conomiques, ce qui lui a permis davoir acc?s ? un all?gement de la dette dans le cadre de linitiative en faveur des pays pauvres tr?s endett?s (PPTE). Contributors: Mauricio Villafuerte : Chef de mission pour le Tchad, D?partement Afrique du FMI

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$1.1 Billion in Debt Relief for Chad


Fri, May 08, 2015


Mauricio Villafuerte, IMF Mission Chief for Chad says the country has made some remarkable economic reforms since 2010, paving the way for US$1.1 billion in debt relief under the Heavily Indebted Poor Countries Initiative. Contributors: Mauricio Villafuerte : Mission Chief for Chad in the IMFs African Department

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Perspectives Economiques pour lAfrique Subsaharienne


Tue, Apr 28, 2015


Selon C?line Allard, du FMI, lAfrique subsaharienne devrait, cette ann?e encore, enregistrer de solides r?sultats ?conomiques malgr? la baisse des cours des produits de base, les projections laissant entrevoir un taux ce croissance de 4,5 % pour 2015.

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Sub-Saharan Africas Latest Economic Outlook


Tue, Apr 28, 2015


IMFs C?line Allard says sub-Saharan Africa is set for another year of solid performance despite declining commodities, with a projected growth rate of 4.5 percent for 2015.

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Jakkie Cilliers on Fragile States


Fri, Apr 24, 2015


More Than 1 billion people live in countries affected by fragility. Fragile states are often confronted with political instability or conflict, inadequate public services, and lack of economic opportunities. Jakkie Cilliers, Executive Director of the Institute for Security Studies in Pretoria, South Africa Claver Gatete, Minister of Finance of Rwanda Kaifala Marah, Minister of Finance and Economic Development in Sierra Leone

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Uneven Global Economic Growth for 2015


Tue, Apr 14, 2015


The International Monetary Fund expects the worlds economy to expand by 3.5 percent this year, but the economic picture differs across the world. The impact of the global financial crisis are still being felt.

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Lagarde: Prevent New Mediocre From Becoming New Reality


Thu, Apr 09, 2015


IMF Managing Director Christine Lagarde said policymakers around the world need to work together to strengthen global economic growth.

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Delving into the World of Shadow Banks


Thu, Mar 26, 2015


A former chairman of the UK's Financial Services Industry, Adair Turner, says theres room for non-bank lending institutions, but thoughtful regulations need be put in place. By Lord Adair Turner: Senior Fellow at the Institute for New Economic Thinking.

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Finance pour tous : Promouvoir lInclusion Financi?re en Afrique Centrale


Thu, Mar 19, 2015


Le FMI et la Banque des ?tats de lAfrique centrale (BEAC) organisent conjointement une conf?rence sur la croissance inclusive ? Brazzaville, R?publique du Congo, le 23 mars. le lien de la conf?rence: http://www.imf.org/external/french/np/seminars/2015/brazzaville/index.htm

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Finance for All: Promoting Financial Inclusion in Central Africa


Thu, Mar 19, 2015


The IMF and the Central bank of Central African states are co-hosting a conference on Inclusive Growth, in Congo Brazzaville on March 23rd. Link to the conference: http://www.imf.org/external/np/seminars/eng/2015/brazzaville/index.htm

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Alun Thomas on Rwandas Changing Job Market


Fri, Mar 13, 2015


More Rwandans are leaving their work on the farm to start small household businesses. By Alun H. Thomas: Senior economist in the IMFs African Department

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Ekkehard Ernst on The Shrinking Middle


Fri, Feb 27, 2015


The International Labour Organization says while the demand for highly skilled jobs is on the rise, middle-class jobs are in sharp decline.

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Building a Monetary Union in East Africa


Thu, Feb 26, 2015


The Quest for Regional Integration in the East African Community lays out all aspects of the ongoing financial integration process for Uganda, Kenya, Tanzania, Rwanda and Burundi.

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Boosting Women-Owned Businesses Key to Growth


Mon, Feb 23, 2015


Melanne Verveer, served as Ambassador-at-Large for global womens issues under President Obama. She says more women in small and medium sized enterprises is a catalyst for growth.

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Preventing Another Plague


Thu, Feb 12, 2015


The World Bank has labeled global pandemic one of the greatest risks facing the world today, but according to one economist, preventing such a disaster is only a matter of political will.

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IMF Grants Help Ebola-hit Countries Drive Down Debt


Thu, Feb 05, 2015


The IMF will provide grants totaling $100 million to the three countries worst hit by the Ebola epidemic. Guinea, Liberia, and Sierra Leone will use the funds to cover the cost of servicing their debt.

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Economies of the Bottom Billion


Fri, Jan 30, 2015


New report on low income countries helps strengthen IMF's monitoring framework.

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Olivier Blanchard, on the State Of The World Economy


Tue, Jan 20, 2015


A conversation with IMF chief economist Olivier Blanchard, where he talks about the latest downward revisions to the World Economic Outlook. Even with a boost from falling oil prices, the WEO update shows global growth for 2015-16 at 3.5 and 3.7 percent.

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Olivier Blanchard, Perspectives de l'?conomie Mondiale


Tue, Jan 20, 2015


Entretien avec OLIVIER BLANCHARD, ?conomiste en chef du FMI, o? il parle des derni?res r?visions ? la baisse de la Perspective ?conomique Mondiale. La mise ? jour montre la croissance mondiale pour 2015-16 ? 3,5 et 3,7 pour cent.

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Dirty Energys Human Toll


Fri, Jan 16, 2015


The burning of fossil fuels comes with many costs. Millions of people die each year from the pollution it emits. This follow up to an earlier interview with an IMF economist explores the health risks posed by air pollution and some proposed solutions.

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Michael Spence: Inclusive Growth=Stability


Thu, Jan 08, 2015


Strong economic growth helps keep people employed and healthy, but theres a growing sense in many countries that only the wealthiest are reaping the benefits. Nobel laureate Michael Spence says inclusive growth is key to economic stability.

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Women In The Workforce: Breaking The Barriers


Wed, Dec 31, 2014


More than half of all countries in the world have laws that restrict women from joining the workforce. The IMF says the global economy would benefit by Boosting Womens Participation in the Labor Force, and hosted a seminar on the topic last fall during the Funds annual meetings. Sarah Iqbal participated in that forum and talks in this podcast about the hurdles women face when starting a business. Read as well the IMF Survey story on Unleashing the Economic Power of Women [http://www.imf.org/external/pubs/ft/survey/so/2014/car091514b.htm]

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The Cost of Antibiotic Resistance


Tue, Dec 23, 2014


Antibiotics have transformed modern medicine, but their overuse has resulted in more drugresistant strains of bacteria. As resistance increases, people in poorer countries often cant afford expensive second-line drugs. Ramanan Laxminarayan, Princeton University and director of the Center for Disease Dynamics, Economics & Policy.

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Justin Wolfers: Policies To Bridge The Income Gap


Thu, Dec 18, 2014


Economist Justin Wolfers explains why the continued challenge of tackling income inequality should be a global priority for countries around the world and across the economic spectrum.

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South Africas Economic Challenges


Thu, Dec 11, 2014


South Africa can celebrate significant progress in its first 20 years of democracy, but faces the challenge of reviving a weak economy. Addressing structural constraints such as electricity shortages are key to increasing growth.

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The World According to Adam Smith


Mon, Dec 08, 2014


Despite his reputation as the father of greedy capitalism, Adam Smith did a great deal of thinking about the human condition and how to be a better, more generous person. One economist believes that Smith could change your life. Listen to Russ Roberts on economics as entertainment:

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Hip-Hop Economics


Wed, Nov 26, 2014


Economic ideas can be a hard pill to swallow for non-academics, and yet virtually everyone can benefit from understanding them. Economist Russ Roberts discusses how he uses stories, rap music and the internet to help the medicine go down.

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Data Drives Better Decisions


Wed, Nov 19, 2014


Data has gained prominence as a vital building block for making sound policy. IMF Director of Statistics, Louis Marc Ducharme talks about how the IMF is helping make data more widely available to policy makers.

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Income Inequality can lead to Economic Instability


Mon, Nov 10, 2014


When the richest 85 people hold the combined wealth of 3.5 Billion poor people, economist Jose Antonio Ocampo explains that Income inequality can shift from a human rights issue to a marker of potentially dangerous economic instability.

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Stop Squeezing Workers, and Step Up Investment, says ILO


Thu, Nov 06, 2014


Labor market flexibility is considered by many to be essential to an efficient market economy. But a top-level official of the ILO says theres been an excessive focus on worker flexibility. Off the back of an IMF/World Bank seminar, she explained how economic growth can be nurtured to benefit all.

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Uganda-Capacity Building for Growth


Wed, Oct 29, 2014


As Ugandas economy continues to grow, so does the need for more efficient ways of managing large development projects. The countrys finance minister says the objectives of each program must be clear, for capacity building to be effective.

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Arvind Subramanian, on Boosting India's Private Sector


Thu, Oct 23, 2014


Private investment is down in India, partly due to the lack of coal and electricity. India's new chief economic adviser Arvind Subramanian says removing those bottlenecks is key to increasing growth.

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Unlocking Economic Growth in the Caribbean


Mon, Oct 20, 2014


Caribbean economies have been slow to recover from the global financial crisis. This week, the IMF and the government of Jamaica will host a high level forum that will discuss ways of boosting the economies of the region.

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The Long Life of Keynesian Economics


Thu, Oct 16, 2014


The work of master economist John Maynard Keynes has been key in the resolution of successive crises from the Great Depression to the recent global financial crisis. An IMF economist gives an overview of the man, his ideas and their impact on economic policy.

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Strong Growth in Sub-Saharan Africa Continues


Fri, Oct 10, 2014


The IMFs latest Regional Economic Outlook for sub-Saharan Africa says growth in the region is currently at 5% and will continue to rise to 5? in 2015. The good news is overshadowed however in countries worst affected by the Ebola pandemic.

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IMFs Recipe to Escape Prolonged Slow Growth


Thu, Oct 09, 2014


The world needs more growth, and more jobs to escape the prospect of prolonged, mediocre economic future, says the head of the International Monetary Fund who laid out the prospects for the global economy, and the priorities for the international organization at the start of the IMF-World Bank Meetings.

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Building Roads To Growth


Wed, Oct 08, 2014


In the current environment of slow economic growth, where conditions are right, theres a strong case for increasing public investment, says the IMF in its latest World Economic Outlook

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IMF Forecasts Disappointing Global Growth with Uneven Recovery


Tue, Oct 07, 2014


The global economy is suffering weak and uneven growth, with countries experiencing different rates of recovery from the global financial crisis of 2008. While the economies of some advanced countries continue to expand, the emerging markets are facing lower domestic demand and geopolitical tensions.

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Le FMI accorde $130 millions aux pays touch?s par lEbola


Fri, Sep 26, 2014


Le Fonds mon?taire international accorde $130 millions daide financi?re aux trois pays dAfrique de lOuest les plus touch?s par la crise de l?bola. Le Lib?ria, la Guin?e et la Sierra Leone se heurtent ? un ralentissement de la croissance et la flamb?e du virus bouleverse lagriculture, le secteur minier et les services. La Directrice g?n?rale du FMI, Christine Lagarde, a d?clar? que la communaut? internationale doit se mobiliser pour aider les pays frapp?s de plein fouet par la crise.

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IMF Approves $130 Million for Countries Worst Hit by Ebola


Fri, Sep 26, 2014


The International Monetary Fund is to give $130 million dollars of financial assistance to the three countries in west Africa hardest hit by the ebola crisis. Liberia, Guinea and Sierra Leone are facing slowing growth and disruptions to agriculture, mining, and services because of the outbreak.

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Indian and Chinese Exceptionalism?


Thu, Sep 18, 2014


As the Chinese president, Xi Jinping continues his state visit to India, a leading Indian economist assesses the rapid development of these two giant economies, and suggests that the worlds most populous countries may be forging a quite exceptional development path.

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Being a Small State Isnt Easy, But It Doesnt Have to be Hard


Thu, Aug 28, 2014


Small states or countries with fewer than 1.5 million people have been struggling economically in recent years. An IMF economist offers an explanation and possible solutions.

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Is Africa Forging a Unique Development Path?


Fri, Aug 15, 2014


Traditionally, countries developed their economies by moving away from agriculture into manufacturing. This was then followed by growth of the service sector. But many countries in Africa are building their service sector without transitioning through widespread industrialization. Is Africa experiencing a quite different path towards development? For more information: http://www.qeh.ox.ac.uk/research/research-themes/projectDetails?res_id=39

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Avoiding a Hard Landing in China


Thu, Aug 07, 2014


Chinese economic growth has been slowing in recent years. If the worlds second largest economy is to achieve sustainable, long-term growth, it needs reforms to shadow banking, local government finances and the real estate sector, say IMF economists.

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How Fiscal Policy Can Address Energys Environmental Impacts


Thu, Jul 31, 2014


Fiscal policies should be center stage in getting energy prices to reflect the harmful health and environmental side effects associated with energy use, according to a new report released by the IMF

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Firms Told: Pay Your Fair Share


Thu, Jul 10, 2014


Equality is not just about everyone getting their fair share, its also about everyone paying their fair share. A top NGO chief says the growing wealth gap could be reduced by tightening both domestic and international tax rules. Read more on the subject: Fixing International Corporate Taxation---Not Just a Problem for Advanced Economies http://blog-imfdirect.imf.org/2014/06/25/fixing-international-corporate-taxation-not-just-a-problem-for-advanced-economies/ http://www.imf.org/external/np/pp/eng/2014/050914.pdf

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IMF Offers Free Economic Training to All


Thu, Jul 03, 2014


The International Monetary Fund has launched the first in a series of free online courses for those interested in furthering their economic education. One of the courses instructors explains the benefits of raising the publics knowledge about economics, and what he himself has learned from the creation of the course.

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The Rise and Rise of Shadow Banking in China


Thu, Jun 26, 2014


Shadow banking is a system of uninsured investments from non-bank institutions. It can yield very high returns, but investments come with the risk of total bust. Even though shadow banking has the potential for enormous losses, it will continue to be a part of China's economic landscape, says one Sino expert.

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Africa: Future Bright, If It Does the Right Thing


Fri, Jun 20, 2014


Africa has grown faster than many other parts of the world over the last two decades, but many Africans are still not seeing the benefits. One Africa specialist suggests measures that authorities might adopt to take advantage of the continents burgeoning potential.

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David Dollar on The Sino Shift


Thu, Jun 12, 2014


After years of double digit expansion, Chinas economic growth is slowing. The worlds second largest economy expanded off the back of manufacturing, investment and exports. But, China is now looking inwards for its future growth.

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Timothy Taylor: How Economics Can Inform Moral Decisions


Thu, Jun 05, 2014


Economists are often criticized for viewing the world through the lens of costs and benefits, while ignoring the morality of an economic decision. But, while economics cant answer moral questions, it can inform the debate, says one expert.

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More, Better Jobs to Reduce Inequality


Thu, May 29, 2014


Over recent decades, labors share of GDP has declined steadily in many countries. The International Labour Organization suggests that reforming the labor market could halt that downturn and, at the same time, help reduce inequality.

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Piketty: The Origins of Wealth Inequality


Thu, May 22, 2014


The uneven distribution of wealth is one of the most debated issues in contemporary politics and economics. In a recently published, best-selling book, Thomas Piketty, explains the historical forces which have resulted in this inequality, and why a global tax on wealth could be the solution.

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Rising Inequality: Not All Bad News


Fri, May 16, 2014


News of rising inequality is, more often than not, met with much handwringing. But, the growing gap between the super rich and the rest has also been accompanied by the lifting of millions out of poverty.

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Africa Set for Faster Growth


Thu, Apr 24, 2014


The future continues to look bright for sub-Saharan Africa, with robust growth expected to accelerate next year. But the IMF also warns of possible threats to the continents economy coming from outside the region.

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Tax and Spending Ideas to Reduce Inequality


Thu, Apr 17, 2014


Rising inequality around the world is becoming a cause of increasing concern. The IMF is contributing to the debate by suggesting how governments might use tax and spending to reduce the gap between the haves and the have lesses...without slowing down growth.

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Arrested Development: The Role of Agriculture


Thu, Apr 03, 2014


Why are some countries richer than others? The key may lie in the agricultural sector, says one expert, who suggests that low agricultural productivity may be keeping poor countries in a state of arrested development.

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Man Versus Nature


Thu, Mar 20, 2014


The frequency of natural disasters has increased, and its usually poorer countries that are more affected than the developed. But IMF economists say the right policies can be soften their devastating impact. By Nicole Laframboise, Deputy Division Chief, IMFs Western Hemisphere Department

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World Braced to Meet Rising Energy Needs, says BP economist


Mon, Mar 10, 2014


Over the next two decades, global energy consumption is expected to increase by more than 40 percent, according to the Chief Economist of BP, who describes some of the likely tectonic shifts in the energy sector of the future.

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The Limits of Economics


Mon, Feb 24, 2014


Economists use models to try to make sense of economic trends and shape policies. But, since the financial meltdown of 2008, many have criticized what they see as an overreliance on these models which failed to predict the crisis. The former President of the European Central Bank suggests ways these models might be improved.

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Unemployment Benefits: The Good and The Bad; Robert Moffitt, Johns Hopkins University


Fri, Feb 07, 2014


Unemployment benefits deter job seekers from accepting work, say critics. But do they? One expert weighs the evidence.

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Bridging Humanitarian Aid and Development


Thu, Jan 30, 2014


Traditionally, humanitarian workers and development specialists were seen as inhabiting two different worlds, but one expert calls for some joined up thinking to help the people of fragile states.

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Croissance mondiale en hausse mais des risques subsistent


Wed, Jan 22, 2014


La croissance de l?conomie mondiale devrait sacc?l?rer cette ann?e, selon le Fonds mon?taire international. Cest ce qui ressort de la derni?re mise ? jour des Perspectives de l?conomie mondiale du FMI. Le FMI table sur une croissance mondiale voisine de 3,7 % cette ann?e, qui passerait ? 3,9 % en 2015.

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Global Growth on the Rise, But with Wide Regional Variations; Olivier Blanchard


Tue, Jan 21, 2014


Global growth is expected to increase this year, says the International Monetary Fund in its latest report on the health of the global economy. The IMF forecasts global growth to average 3.7 percent in 2014?up from 3 percent in 2013?and to rise to 3.9 percent in 2015.

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Tackling Youth Unemployment in Africa


Thu, Jan 16, 2014


Africa is one of the fastest growing regions in the world, but the persistence of youth unemployment threatens this progress. Some see this growth without jobs as a ticking time bomb. Lamido Sanusi, the Governor of the central bank of Nigeria explains how to tackle this issue.

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Zambia: Gains Tempered by Large Fiscal Deficit


Thu, Jan 09, 2014


Zambia has enjoyed rapid growth in recent years, but the size of its fiscal deficit looms large over its future, says the IMF in a new report on the state of this south African economy.

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We All Need to Benefit from Economic Growth


Thu, Dec 05, 2013


A rising tide lifts all boats. That may be true on the oceans, but its not always the case when it comes to economic growth. But, countries can choose to pursue economic policies that will benefit allrich and poor alike.

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Emerging Markets: Future Unclear


Fri, Nov 22, 2013


After a decade of strong growth, many emerging markets have experienced an economic slowdown. Martin Wolf, chief economics commentator at the Financial Times, explains how these economies might restore momentum.

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Africas Middle Class Spearheads Growth


Thu, Nov 14, 2013


In a wide ranging interview, the chief economist of the African development bank gave his thoughts on the African middle class, the state of data in Africa and the continent stellar economic performance.

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Slower Growth in Emerging Markets: The New Normal?


Thu, Nov 07, 2013


The recent slowing growth in emerging markets may continue for the foreseeable future says economist Tim Adams. At a recent seminar on "Emerging Markets: Restoring the Momentum", Adams suggested that this change could be a good thing, heralding more balanced and sustainable growth.

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Afrique : maintenir le rythme


Thu, Oct 31, 2013


Dans son dernier rapport sur les perspectives ?conomiques de lAfrique subsaharienne, le Fonds mon?taire international pr?voit pour la r?gion une croissance de 6 % en 2014, contre 5 % pr?vus pour cette ann?e. La r?gion b?n?ficie de lam?lioration de la conjoncture aux niveaux local et mondial.

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Africa: Keeping Up the Pace


Thu, Oct 31, 2013


In the latest economic outlook for sub-Saharan Africa, the International Monetary Fund expects growth to reach 6% in 2014, up from the 5% expected this year. The region is benefiting from improved domestic and global conditions.

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Protecting the Worlds Water Resources


Thu, Oct 24, 2013


Water is the one resource we cannot live without. Yet, in some parts of the world, it remains inaccessible to many. To coincide with his article (http://www.imf.org/external/pubs/ft/fandd/2013/09/Gleick.htm) in Septembers Finance & Development, Peter Gleick argues that we need to radically change how we consume this vital resource.

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Nouvelle configuration de la croissance mondiale


Thu, Oct 17, 2013


Le FMI pr?voit une croissance de 2,9 % de l'?conomie mondiale cette ann?e, soit moins que les 3,2 % enregistr?s l'ann?e derni?re. La croissance sera vraisemblablement tir?e par les ?conomies avanc?es, tandis que les pays ?mergents afficheront des r?sultats moins bons que pr?vu.

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How to Get Faster, Stronger Growth in Central, Eastern Europe


Thu, Oct 17, 2013


Before the global financial crisis, the economies of central, eastern and southeastern Europe were expected to converge to the levels of their richer, western neighbors. But since the crisis, growth has been disappointing. How then to return this region to greater prosperity?

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The Threat of the Debt Ceiling


Tue, Oct 15, 2013


As US politicians race against the clock to avoid the United States defaulting on its debt, Martin Wolf describes what the debt ceiling is, and its implications for the global economy.

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Global Growth Patterns Shift


Tue, Oct 08, 2013


In the latest update to its World Economic Outlook, the IMF says it expects the world's economy to grow by 2.9 percent this yearbelow the 3.2 percent recorded last year. Growth is likely to be driven by advanced economies, while the performance of emerging markets will be weaker than expected.

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South Africa: The battle for jobs, growth and equality


Wed, Oct 02, 2013


Despite its many achievements since the transition to majority rule, South Africa struggles with low growth, widespread unemployment, and sharp social tensions. The IMF says Africas largest economy needs to pursue structural reforms to boost growth and create jobs for a growing population.

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Getting to Growth in the Caribbean


Thu, Sep 19, 2013


The 26-odd countries in the Caribbean may be small, but they are facing many of the same challenges confronting larger nations. These include the need to create more jobs and ensure that any growth is spread across a wide cross section of society. The countries of the Caribbean and various international organizations are meeting in the Bahamas to discuss how to capture that elusive growth.

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Kenya's Economy Takes Off


Fri, Sep 13, 2013


Kenya is one of the success stories of Africas economic resurgence. Just a few short years after the global financial crisis caused a sharp economic downturn, the country has rebounded, and earned a reputation as one of the continents frontier economies. With this strong performance in mind, the Kenya and the IMF will co-host a conference to discuss the country's prospects.

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Liberalization Boosts Growth in Myanmar


Thu, Sep 05, 2013


Myanmar has made impressive strides in opening and liberalizing the economy, boosting growth and the economic outlook, but the formerly isolated country still faces some challenges.

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Universities Boom, But New Grads Struggle


Thu, Aug 29, 2013


Economic growth in the developing world has been accompanied by massive increases in higher education enrollment. This can feed a countrys developmentbut it also puts new pressures on a countrys leaders and workers.

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The Persistence of Informal Sector Work


Thu, Aug 22, 2013


As the economies of the developing world expand, new jobs beckon. But Richard Freeman says these countries have seen a surprising persistence of informal sector jobswhich offer low pay and scant worker protection.

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Les envois de fonds, un frein au d?veloppement?


Thu, Aug 01, 2013


Si vous faites partie de ces milliers de gens qui envoient de l'argent ? leurs parents et amis ? l'?tranger, attention! Peut-?tre faites-vous autant de mal que de bien, selon un ?conomiste du FMI. Ces envois de fonds peuvent certes secourir des familles dans le besoin, mais ils peuvent aussi saper la croissance ?conomique.

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Remittances Can Act as Drag on Development


Thu, Jul 25, 2013


If you are one of the hundreds of thousands of people who send money abroad to friends and relatives, beware! You may be doing as much harm as good, suggests one IMF economist. Although these remittances can be a lifeline for families, they can also undermine economic growth.

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Third World Lessons for First World Growth


Fri, Jul 19, 2013


Developed countries need to be industrious like ants, says economist, Peter Blair Henry. For years they have offered advice to developing countries on the best path to growth. They might benefit from heeding some of their own advice, he suggests.

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Crise de croissance mondiale


Tue, Jul 09, 2013


La croissance de l'?conomie mondiale est inf?rieure aux pr?visions, note le FMI dans son dernier rapport sur les Perspectives de l'?conomie mondiale. Le FMI a r?vis? ? la baisse la croissance pour cette ann?e ? 3,1 %, et pr?viens que les risques augmentent en particulier dans les pays ?mergents.

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Global Growing Pains


Tue, Jul 09, 2013


The global economy is growing more slowly than expected, says the IMF in its latest assessment. It's revise growth downwards to 3.1 percent this year, and warns risks are rising in emerging markets.

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Small, Medium-sized Firms and the Jobs Market


Wed, Jul 03, 2013


Unemployment is a worry around the world, but it's a particularly pressing issue for developing countries with their growing, young population. Small and medium-sized enterprises (SMEs) can be an important source of new jobs, IF governments provide the them with the right encouragement.

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En qu?te de l'or liquide


Thu, Jun 27, 2013


De nombreux pays cr?ent des cartels ? fin de contr?ler le prix d'importants produits de base, dans le but de tirer le maximum de recettes, ou de prot?ger d'importants secteurs d'activit? locaux. Cependant, nombreux sont ceux qui reprochent aux cartels de p?naliser les consommateurs. Nous examinons le pour et le contre des cartels, en partant de l'exemple de la production du sirop d'?rable.

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In Search of Sweet Liquid Gold


Thu, Jun 27, 2013


Many countries create cartels to control the price of important commodities because they want to maximize their income or protect key domestic industries. But the use of cartels is criticized for causing higher prices for consumers. We investigate the pros and cons of cartels through the example of the maple syrup industry.

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Africa: Credit Where its Due


Thu, Jun 20, 2013


When it comes to borrowing money on the international financial markets, several countries of sub-Saharan Africa can now access money at cheaper rates than some European nations. The change is historic and could open up exciting opportunities for the continent.

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Women's Tales from Wall Street


Fri, Jun 14, 2013


Despite outnumbering men as college graduates within OECD countries, women are still underrepresented at the very top managerial levels, particularly in finance and business. In this podcast a group of women veterans of Wall Street describe how they got to Wall Street, what they found there, and offer advice to young women who want to get there. Read the associated article from Finance & Development magazine: http://www.imf.org/external/pubs/ft/fandd/2013/06/fang.htm

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Africa: Onwards and Upwards


Thu, Jun 06, 2013


Many of the economies of sub-Saharan Africa are performing better than much of Europe. In fact, the region has just completed one of the best decades of growth since the 1960s. This is because it has learnt lessons from the past, say Uganda's finance minister, Maria Kiwanuka who is optimistic about the outlook for the continent.

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African Women Need Better Jobs


Thu, May 30, 2013


More women in sub-Saharan Africa participate in the labor force than in any other region. But, most still face an uphill struggle to make ends meet. For them, the problem isn't finding workit's the kind of work they do.

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Pourquoi votre r?ussite d?pend de fonctionnaires bien form?s


Thu, May 30, 2013


La r?ussite ?conomique d'un pays d?pend beaucoup du niveau d'?ducation de sa population. Mais Rabah Arezki avance qu'une administration publique hautement ?duqu?e est aussi cruciale pour la croissance.

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Why Educated Civil Servants Matter to Your Success


Thu, May 23, 2013


A country's economic success depends a lot on how educated its population is. But as Rabah Arezki argues in an article in June's issue of Finance & Development, a highly educated civil service, in particular, can help promote growth for all.

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Does What You Export Matter?


Thu, May 16, 2013


Some economists say that a countrys exports can determine its economic fate. But William Maloney rejects the idea that exports play such a critical role. He says its not what you export, but how you do it.

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Africa: Strong Growth and Bright Prospects


Fri, May 10, 2013


With a gradually improving outlook for the global economy, growth in sub-Saharan Africa is set to strengthen to 5.5%, according to the IMF's latest forecast for the region. But growth patterns vary within the region.

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Afrique : croissance forte et perspectives encourageantes


Fri, May 10, 2013


Gr?ce ? l'am?lioration progressive des perspectives ?conomiques mondiales, le taux de croissance devrait atteindre 5,5 % en Afrique subsaharienne, selon les derni?res pr?visions du FMI. Mais ce chiffre masque des disparit?s au sein de la r?gion.

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Booms Don't Last Forever


Tue, May 07, 2013


In recent years, commodity prices have been riding high, and many commodity dependent countries have benefited from these high prices. But this boon is unlikely to last forever: prices may fall, and nations can run out of key commodities.

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Structural Change: Paving the Way for Development?


Thu, Apr 25, 2013


When a country shifts from being largely based on agrarian economy, to being based on services, or industry, it is said to have undergone structural change. This was the basis of economic development in many Asian countries. Harvard's Dani Rodrik explains why structural change is so critical to development.

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On the Road to Recovery, At Different Speeds


Tue, Apr 16, 2013


Although global growth is expected to reach 3.3% this year, and 4% in 2014, the health of the world's economy is mixed. Olivier Blanchard, Chief Economist at the IMF explains that although the worst is behind us, policymakers still can't afford to relax.

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Sur le chemin de la reprise


Tue, Apr 16, 2013


Bien qu'une croissance mondiale de 3,3 % soit pr?vue cette ann?e, et de 4 % en 2014, la sant? de l'?conomie mondiale est mitig?e. Blanchard, ?conomiste en chef au FMI, explique que, si nous avons pass? le pire, les dirigeants ne peuvent toujours pas se permettre de rel?cher leur effort.

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Breaking Through the Low-Income Ceiling


Wed, Apr 10, 2013


In the last two decades, many low-income countries have experienced economic take off. But in the 60s and 70s, many of these same countries already boasted robust economic performances, until it all came to an abrupt stop. Can low-income countries keep on growing, this time?

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De l'agriculture ? l'industrie et au-del?


Thu, Apr 04, 2013


Dans le processus de d?veloppement, les pays subissent des changements structurels. Autrement dit, leurs priorit?s ?conomiques ?voluent d'un secteur ? l'autre. Ils diversifient leurs produits, favorisant ainsi leur ascension ?conomique. Mais quand un pays aussi vaste que la Chine proc?de ? des r?formes structurelles, l'impact se ressent au-del? de ses fronti?res.

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How to Become Capable of Growth


Thu, Apr 04, 2013


When you want to get a better job or achieve personal development, you might choose to increase your skills. This might mean learning something new, or acquiring more education. It's the same with countries, if they want to climb up the ladder of development, they need to develop their capacity, or "capabilities," says top economist Ricardo Hausmann.

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??????? ?????? ???? ?????


Wed, Apr 03, 2013


????? ????? ????? ????? ?????? ????? ??????? ?? ?????? ???? ???????? ??????? ??????? ???????? ??????? ?? ????? ????? ????????? ???????? ??? ???? ??????? ????????? ??? ??? ??????? ?? ??? ??????? ?????? ?????? ????? ????? ?????? ???????? ??????. ???? ????? ?? ??? ???? ??????? ???????? ?????? ????? ?????? ??? ??? ????????? ???????? ?? ??????? ?? ???????. ????? ?????? ????????? "???? ????" ??? ???? ????? ???? ????? ?? ???????.

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Reforming Energy Subsidies in Africa


Wed, Mar 27, 2013


In many countries, governments often subsidize the energy sector keeping the price of power lower than it might otherwise be. The aim is to protect the poor by keeping prices low. But, a new study by the International Monetary Fund suggests that these subsidies don't always have the desired effect.

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R?former les subventions ?nerg?tiques en Afrique


Wed, Mar 27, 2013


Les subventions ?nerg?tiques jouent un r?le important dans de nombreuses r?gions du monde. Elles peuvent aider les pauvres en facilitant leur acc?s ? l'?nergie. Toutefois, une nouvelle ?tude du FMI indique que ces subventions ont souvent des cons?quences impr?vues.

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Domestic Integration Before Globalization


Tue, Mar 26, 2013


Supporters of globalization say that globalization creates growth by encouraging people and countries to interact and trade with each other across national borders. But, has the focus on international integration caused policymakers to overlook the need to integrate their national economies?

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A Short History of Debt


Fri, Mar 15, 2013


Sub-Saharan economies might be performing well now, but not so long ago, they were mired in debt. During the 70's, many of them borrowed money to unsustainable levels and found themselves unable to service their debt. Joly explains how they got out of their predicament.

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Une br?ve histoire de la dette


Thu, Mar 14, 2013


Les pays d'Afrique subsaharienne enregistrent de bons r?sultats aujourd'hui, mais il n'y a pas si longtemps, ils ?taient surendett?s. Dans les ann?es 70, beaucoup d'entre eux ont emprunt? dans des proportions intenables et se sont trouv?s dans l'incapacit? de repayer leur dette.

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Spreading the Wealth


Thu, Mar 14, 2013


Mozambique has had one of highest growth rates in Sub-Saharan Africa over the past two decades. But the increased riches aren't being enjoyed by all. The government is now aiming for "inclusive growth"something which the IMF is increasingly pursuing in ITS work in Sub-Saharan Africa. But what is "inclusive growth", and how to achieve it?

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Caribbean Union Faces Similar Challenges to Euro Area


Thu, Mar 07, 2013


The euro area may be the world's largest and most well-known regional currency union, but the Eastern Caribbean Economic and Currency Union is an interesting microcosm of its larger European counterpart. The two could learn lessons from each other, suggests an IMF economist.

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Revealing the Secrets of Bretton Woods


Fri, Mar 01, 2013


The 1944 Bretton Woods conference laid the foundations of the modern international monetary system, but little was known about the exact proceedings of that historic gathering, until now. A U.S. treasury economist's discovery of the original transcript of that meeting provides an insight into the characters and the intense debate surrounding the birth of two major international organizations.

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Reducing Inequality Through Tax and Spending


Mon, Feb 25, 2013


Fiscal policyor the way a government taxes, spends and borrows moneycan have a huge impact on reducing inequality. But according to a recent IMF study, that impact has been shrinking over the past decade, as governments scale back social benefits, and make income taxes less progressive.

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Fortifier les ?tats fragiles


Fri, Feb 15, 2013


Un ?tat est consid?r? fragile lorsqu'il souffre d'instabilit? politique et ?conomique, de pauvret?, qu'il se pr?te au trafic humain, qu'il est ravag? par les maladies ou qu'il subit tous ces fl?aux ? la fois. Mais comment identifier un ?tat fragile et quelles politiques les ?tats fragiles peuvent-ils mener pour devenir des nations pleinement op?rationnelles?

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Fixing Fragile States


Fri, Feb 08, 2013


The features of a fragile state can include political and economic instability, poverty, civil disorder, terrorism, human trafficking, disease, or all of these. But how to identify a fragile state, and what policies can fragile states pursue to become fully functioning nations?

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Technology, Education, and Growing Inequality


Thu, Jan 31, 2013


Over the past several decades, advanced economies, especially the United States, have seen a striking rise in inequality. David Autor of MIT, argues that trend is driven by rapidly developing technology, which has made highly educated workers much more valuable, and which is pushing others out of jobs.

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Modest Growth Pickup in 2013, says IMF Chief Economist


Wed, Jan 23, 2013


The global economy is set to strengthen gradually in 2013, but risks remain. In the latest update to its World Economic Outlook, the IMF projects growth will be 3.5% this year. In this podcast, the IMF chief economist explains that despite the brighter outlook, policymakers need to address risks to the global economy.

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L?g?re acc?l?ration de la croissance en 2013, selon le FMI


Wed, Jan 23, 2013


Dans le dernier rapport sur les Perspectives de l'?conomie mondiale, le FMI pr?voit une croissance de 3,5 % cette ann?e. Dans ce podcast, Mr. Blanchard explique qu'en d?pit de l'am?lioration des perspectives, les dirigeants doivent s'attaquer aux risques qui p?sent sur l'?conomie mondiale.

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Global Economy Avoids Collapse, but Reforms Still Needed


Wed, Jan 23, 2013


World leaders have avoided a collapse of the global economy, but they must now follow through with reforms to avoid a relapse into crisis, says Christine Lagarde, the head of the IMF.

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Afrique : s'affranchir de la d?pendance des mati?res premi?res


Wed, Jan 23, 2013


Durant ces derni?res ann?es, l'?volution en dents de scie des cours des mati?res premi?res a port? atteinte ? de nombreuses r?gions, et notamment ? l'Afrique subsaharienne. Le sort des pays de la r?gion est en effet intimement li? aux fluctuations de ces prix. Que peuvent donc faire les pays pour se prot?ger contre ces chocs?

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Acemoglu : l'inclusion est essentielle ? la croissance


Thu, Jan 10, 2013


Selon Acemoglu, la pauvret? ou la prosp?rit? d'une nation sont sans doute autant l'affaire de la politique que de l'?conomie. Il avance que les pays plus d?mocratiques dot?s d'institutions politiques inclusives parviennent ? cr?er et ? entretenir la prosp?rit?, tandis que les r?gimes extractifs autoritaires m?nent ? la pauvret?.

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Social Safety Nets at Work: the Case of Burkina Faso


Tue, Jan 08, 2013


In the second part of our series on social safety nets in sub-Saharan Africa, we look at practice on the ground. In Burkina Faso, the IMF is working with the government to develop targeted welfare programs. The aim is to identify and help the most vulnerable. But it is still a work-in-progress.

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Getting the World Back to Work


Tue, Jan 08, 2013


Globally, over 200 million people are unemployed, according to the IMF. Many European markets and emerging markets are suffering double-digit jobless rates, and youth and long-term unemployment are at alarming levels. What skills then do job seekers in a global labor market need to succeed?

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Social Safety Nets Sustain Growth in Africa


Tue, Jan 08, 2013


Social safety nets aren't just charitable handouts, they're an essential way to ensure growth is sustainable, says the IMF. Safety nets range from cash transfers through health care, to public works programs to create employment. Over the last decade, more countries in sub-Saharan Africa have been adopting social safety nets to help their poorest.

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Africa: Beyond Commodity Dependence


Tue, Jan 08, 2013


The volatility and price spikes of raw commodities has affected many regions in recent yearssub-Saharan Africa among them. This is because the price of a commodity can make or break the health of a country in this region. What then can countries do to protect themselves from price shocks?

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Inclusiveness Essential to Growth, says Acemoglu


Tue, Jan 08, 2013


A nation's poverty or prosperity may have as much to do with politics as economics, says Daron Acemoglu. He argues that more democratic countries with inclusive political institutions create sustained prosperity, while "extractive," authoritarian regimes lead toward poverty.

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Policies Which Destroy Growth


Tue, Jan 08, 2013


Underdevelopment has often been blamed on bad policies adopted by national governments. Augustin Fosu has identified four such policies which he believes have been the cause of inefficiency, overregulation and misallocation of resources

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Africa: From Agriculture To Services


Tue, Jan 08, 2013


In the last two decades, growth has accelerated significantly in most of sub-Saharan Africa. Researchers at the IMF have been exploring whether this high growth has also led to, what economists describe as, "structural transformation" on the continent.

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Slave Trade Leaves Economic Legacy


Tue, Jan 08, 2013


Decades after the end of colonial rule in Africa, and more than one hundred years after the official end of the slave trade in the US, the continent remains among the least-developed regions of the globe. But how far is the trade in human beings responsible for Africa's lack of economic progress?

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La r?silience des pays en d?veloppement


Tue, Jan 08, 2013


Les pays ?mergents et en d?veloppement ont remarquablement r?sist? au r?cent marasme ?conomique. De la crise asiatique des ann?es 1990 ? la crise de 2008, ils ont vite rebondi, prenant m?me de l'essor. Comment expliquer cette am?lioration de la performance ? Abdul de Guia Abiad remonte aux sources de nombreux cas de r?ussite et cerne quelques facteurs communs.

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Utiliser les imp?ts pour r?duire les in?galit?s


Tue, Jan 08, 2013


La crise financi?re mondiale a mis en ?vidence l'augmentation des in?galit?s de revenus dans le monde. Thomas Piketty a ?tudi? cette disparit? croissante ces derni?res ann?es et plaide en faveur d'une imposition progressive pour att?nuer cette tendance.

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Endiguer la volatilit? des prix


Tue, Jan 08, 2013


Devant la recrudescence de la hausse des prix des produits alimentaires et p?troliers, Samya Beidas-Strom, ?conomiste au FMI, montre que la volatilit? de ces prix peut ?tre att?nu?e.

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Managing Oil Wealth in Africa


Tue, Jan 08, 2013


Despite their oil wealth, the countries of the Central African Economic and Monetary Community still struggle with the "Resource Curse". Sharmini Coorey, Director of the IMF's Institute of Capacity Development describe the challenges of managing oil wealth in the region, and outline policies that could help overcome them.

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Towards a rebalancing of the Chinese Economy?


Tue, Jan 08, 2013


China's current account surplus has declined dramatically over recent years. Many economists believe this signals a much needed rebalancing of the world's second largest economy toward domestic sources of growth. So, what's the reason behind this drop and what does it mean for the rest of Asia?

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Understanding Financial Crises


Tue, Jan 08, 2013


Financial crises have been with us for hundreds of years. From the currency crisis of the Roman Empire to more recent events such as the 2008 financial meltdown, financial crises have been pervasive in market economies. Gary Gorton argues that crises are inevitable, but that with the right policies, their effects can be mitigated.

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Lint?gration ?conomique mondiale selon Kemal Dervis


Tue, Jan 08, 2013


Selon Kemal Dervis, trois tendances fondamentales sont aujourdhui ? l?uvre au sein de l?conomie mondiale : la convergence de la croissance des ?conomies ?mergentes et avanc?es, linterd?pendance des mouvements conjoncturels des diff?rents pays et la divergence des revenus au sein des soci?t?s.

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Overcoming the Natural Resource Curse


Tue, Jan 08, 2013


Historically, countries that are rich in mineral and commodity resources, like oil, copper or coffee, for example, have had lower rates of growth compared to nations which don't enjoy those advantages. It's a phenomenon dubbed the nature resource curse." Jeffrey Frankel outlines ways he believes the natural resource curse can be mitigated or even avoided.

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A New Course for Malawi


Tue, Jan 08, 2013


After a period of high growth between 2007 and 2010, Malawi's economic situation took a turn for the worst. Between 2010 and 2011, growth fell two percent from 6 and a half percent. But since April this year, when a new administration took office, the country has been enjoying renewed stability and revitalized relations with partners.

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Un nouveau cap pour le Malawi


Tue, Jan 08, 2013


Apr?s une p?riode de forte croissance entre 2007 et 2010, la situation ?conomique du Malawi s'est d?t?rior?e. Le taux de croissance qui se situait ? 6,5 % en 2010 a perdu 2 points en 2011. Cependant, depuis avril, avec l'entr?e en fonction d'un nouveau gouvernement, le pays conna?t un regain de stabilit? et renoue le dialogue avec les bailleurs de fonds.

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L'economie chinoise ralentit


Tue, Jan 08, 2013


La croissance de l'?conomie chinoise se mod?re, mais cela n'est pas n?cessairement n?gatif. Le FMI dresse un bilan de la deuxi?me ?conomie de la plan?te.

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Global Downturn Contributes to China Slowdown


Tue, Jan 08, 2013


China's growth is moderating, but it's not all bad. The IMF's most recent thinking on the world's second largest economy.

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Briser le cycle du sous-d?veloppement


Tue, Jan 08, 2013


L'Afrique subsaharienne a parcouru un chemin consid?rable. Il y a une dizaine d'ann?es, d'aucuns parlaient d'un continent sans espoir. Aujourd'hui, de nombreux observateurs soulignent la mont?e en puissance de l'Afrique. Thierry Tanoh partage ses id?es sur les perspectives de d?veloppement de l'Afrique.

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Breaking the Cycle


Tue, Jan 08, 2013


Sub-Saharan Africa has come a long way. Ten years ago, it was labeled the "hopeless continent" by one leading publication, but today, Africa is considered by many as a rising power. In this podcast, Thierry Tanoh, who has just left as Vice president of the International Finance Corporation, shares his insights on the prospects for Africa's development.

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Le d?clin des classes moyennes


Tue, Jan 08, 2013


Face aux in?galit?s qui ne cessent de se creuser, il est courant de ne voir que les extr?mes de l'?chelle salariale : les grandes fortunes et les gens qui peinent ? survivre. Raghuram Rajan, ancien chef ?conomiste du FMI estime que c'est plut?t le d?clin des classes moyennes qui doit nous pr?occuper.

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The Missing Middle


Tue, Jan 08, 2013


As the trend towards increasing inequality continues, most attention is focused at the extremes: those who are paid at the top of the pay scale, and others who only manage to scrape by. But a former IMF Chief Economist says we should really be worried about "the missing middle."

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New Rules for Everyday Foodies


Tue, Jan 08, 2013


How to find the best tortillas while traveling in Mexico? Why is American food so bad today? Is agribusiness good for the global economy? Prolific author, blogger and economist Tyler Cowen takes on these questions--and many more--in his new book, "An Economist Gets Lunch", reviewed in June's F&D; magazine.

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All?gement de dette en faveur de la C?te d'Ivoire


Tue, Jan 08, 2013


La C?te d'Ivoire vient de se voir accorder un all?gement de dette de plus de sept milliards de dollars. Cela repr?sente plus de 60 % de la dette ext?rieure du pays et ouvre des perspectives plus viables pour celui-ci.

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Debt Relief for C?te d'Ivoire


Tue, Jan 08, 2013


C?te d'Ivoire has been granted over seven billion dollars in debt relief. This represents more than 60 percent of the country's external debt, and will help create a more sustainable future.

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The Moral Limits of Markets


Tue, Jan 08, 2013


In California, a prisoner can pay to upgrade his cell, women are paid to carry a pregnancy, businesses pay to advertise on people's bodies. Is this moral? Sandal believes we need to prevent market values from reaching spheres of life where they don't belong.

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Reforming the Economic System


Tue, Jan 08, 2013


Martin Wolf, columnist for the Financial Times and contributor to the Occupy Handbook, explains the challenges to reforming the economic system.

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The Quest for Secure Energy


Tue, Jan 08, 2013


From the jammed streets of Beijing, China, to the conflicts in the Mideast and on Capital Hill, the quest to secure energy supplies has shaped global politics and economics, says one of the worlds leading energy experts.

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Lobsession du pouvoir aux d?pens de la croissance


Tue, Jan 08, 2013


Pourquoi certains pays sont-ils riches et dautres, pauvres? Pour James Robinson, la richesse dun pays est li?e avant tout ? la mesure dans laquelle le citoyen moyen a la possibilit? de b?n?ficier de la croissance ?conomique globale du pays. Mais, pr?cise-t-il, il y a toujours des minorit?s soucieuses daccaparer le pouvoir et la richesse.

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Grabbing Power, Endangering Growth


Tue, Jan 08, 2013


Why are some countries rich and others poor? James Robinson argues that the wealth of a country is most closely tied to how far the average person is able to share in its overall economic growth. But he warns that there is always a tendency for a small minority to try and concentrate power and wealth in its hands.

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Global Economy Learns to Absorb Oil Price Hikes


Tue, Jan 08, 2013


Over the past decade, oil prices have increased fourfold, reaching levels only seen in the 1970s. But the global economy has been resilient in the face of these spikes. Jorg Decressin of the IMF research department explains.

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Comment absorber les envol?es des cours du p?trole


Tue, Jan 08, 2013


Durant la derni?re d?cennie, les cours du p?trole ont quadrupl?, atteignant des niveaux jamais vus depuis les ann?es 70. L?conomie mondiale sest toutefois montr?e r?siliente face ? lenvol?e des cours. ?clairage de Jorg Decressin du D?partement des ?tudes du FMI.

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Nouveau d?part pour la Guin?e


Tue, Jan 08, 2013


Apr?s une longue p?riode de troubles sociaux, la Guin?e renoue avec la stabilit? politique. Selon le FMI, en 2012 le taux de croissance du PIB devrait se situer ? 4,7 %. Malgr? des perspectives favorables, la Guin?e reste aux prises avec un niveau ?lev? dinflation et de d?ficit. Le Ministre des Finances guin?en explique son programme ?conomique pour les ann?es ? venir.

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The Vicious Circle of Inequality


Tue, Jan 08, 2013


In the June issue of Finance and Development we review "The Occupy Handbook". In this podcast, one of the contributors to the book explains why inequality is at the heart of the global crisis.

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Malgr? les incertitudes mondiales, lAfrique maintient sa croissance


Tue, Jan 08, 2013


Dans la derni?re ?dition des Perspectives ?conomiques r?gionales pour lAfrique subsaharienne, le FMI explique la solide croissance que conna?t la r?gion par le fait quelle soit relativement isol?e des facteurs n?gatifs qui plombent l?conomie de beaucoup dautres pays.

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Africa Sustains Growth Despite Global Uncertainty


Tue, Jan 08, 2013


Despite the weaker global economic environment, sub-Saharan Africa is expected to continue growing strongly in 2012, according to the IMF. In its latest Regional Economic Outlook for Africa, the IMF says the region's robust growth is because it is relatively isolated from negative factors pulling down many other countries.

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Foreign Investment Boosts Growth


Tue, Jan 08, 2013


Foreign Direct investment has been booming globally. In 2007 it reached a peak of $2 trillion. Money from Brazil, Russia, India and China to low-income countriesespecially those in Sub-Saharan Africais flowing especially quickly, fueling growth and development.

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La C?te d'Ivoire apr?s la crise


Tue, Jan 08, 2013


Apr?s des ann?es de conflit, la plus grande ?conomie d'Afrique de l'Ouest se tourne vers l'avenir avec des politiques revigor?es. Entretien avec Charles Koffi Diby, Ministre des finances.

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Les perspectives d'avenir du Burkina Faso


Tue, Jan 08, 2013


Apr?s une tumultueuse ann?e , le Burkina Faso doit maintenant affronter les retomb?es humanitaires du conflit malien sur son territoire, ainsi quune une l?g?re crise alimentaire tout en naviguant un contexte ?conomique mondiale difficile. Le ministre des finances Burkinab?, Lucien Bembamba, nous explique comment le pays va de lavant.

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Okonjo-Iweala on Reforms for African Growth


Tue, Jan 08, 2013


Nigeria's charismatic finance minister talks about Nigeria's vigorous growth, the reforms Africa needs to continue powering ahead, and that failed bid for the World Bank presidency.

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Analyzing Risks to the World Economy


Tue, Jan 08, 2013


Last week, to coincide with the IMF's regular World Economic Outlook, we reported on the slowly improving prospects for the global economy. This week we look beyond the headlines and analyze how a potential increase in oil prices, large household debt, or volatile commodity prices could derail the fragile recovery. Rebecca Kaufman reports.

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View from the Ground at the IMF-World Bank Spring Meetings


Tue, Jan 08, 2013


Earlier this week, we heard from IMF experts about their expectations for the world economy. Now, with the IMF-World Bank Spring Meetings in full gear, we asked journalists from around the world for views from their region. What does state of the global economy look like, and what do they see are the biggest risks out there?

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???????? ???? ????? ???????? ??????


Tue, Jan 08, 2013


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Timid Global Recovery Faces Threats


Tue, Jan 08, 2013


The global economy has entered a "timid" recovery but still faces high risks, with some dark clouds on the horizon, IMF Managing Director Christine Lagarde said at the IMF/World Bank Spring Meetings in Washington DC.

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Embellie des perspectives mondiales, mais des risques subsistent


Tue, Jan 08, 2013


Les perspectives de l'?conomie mondiale s'am?liorent lentement, mais une autre crise en Europe ou une mont?e en fl?che des cours du brut pourrait compromettre une reprise mondiale fragile, d?clare Olivier Blanchard dans un entretien accord? ? l'occasion de la publication du rapport des Perspectives de l'?conomie mondiale.

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Global Outlook Brighter, But Risks Remain


Tue, Jan 08, 2013


Prospects for the global economy are slowly improving, but another crisis in Europe, or a spike in oil prices could undermine the fragile global recovery, warns Olivier Blanchard, Chief Economist of the International Monetary Fund, in this interview to mark the release of IMF's latest World Economic Outlook.

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La croissance des investissements chinois en Afrique


Tue, Jan 08, 2013


Les investissements chinois en Afrique subsaharienne ont ?t? en hausse ces derni?res ann?es, culminant en 2008 ? plus de 5 milliards de dollars. Bien que non sans controverse, leur expansion a un effet majeur sur la croissance africaine. Mais ce mouvement se poursuivra-t-il?

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Growing Chinese Investment in Africa


Tue, Jan 08, 2013


Chinese investment in Sub-Saharan Africa has been on the rise in recent years, peaking in 2008 at more than $5 billion dollars. Although not without some controversy, the increasing investment is having a mojor impact on African growth. But will it continue?

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Finance and the Good Society


Tue, Jan 08, 2013


Many blame the financial sector for the current economic downturn, but in his new book, Robert Shiller aims to change our way of thinking about the much maligned industry.

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Aide ext?rieure et envois de fonds, vecteurs de croissance


Tue, Jan 08, 2013


Les envois de fonds jouent un r?le de plus en plus important dans le financement des pays en d?veloppement. Comment donc mettre en valeur largent envoy? par les travailleurs migrants pour combattre la pauvret? au niveau mondial?

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Remittances and Foreign Aid for Growth


Tue, Jan 08, 2013


Remittances have become an increasingly important source of financing in the developing world. So how can money sent home by migrant workers best be used in the fight against global poverty?

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Une union sans cesse plus ?troite


Tue, Jan 08, 2013


Malgr? les retomb?es de la crise de la dette europ?enne, les troubles en C?te dIvoire et une grave s?cheresse au Sahel, tout porte ? croire que lUnion ?conomique et mon?taire ouest-africaine (UEMOA) fera la preuve de sa r?silience cette ann?e. Le FMI estime que, apr?s avoir ?t? inf?rieur ? 1 % en 2011, le taux de croissance sera de 7 % cette ann?e.

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An Ever Closer Union


Tue, Jan 08, 2013


Despite struggling with the effects of the European debt crisis, political turmoil in Cote d'Ivoire and a severe drought in the Sahel, the West African Economic and Monetary Union (WAEMU) promises to prove its resilience in the coming year. After growing less that 1% in 2011, the IMF estimates growth to rebound to 7% this year.

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IMF Deputy Managing Director Min Zhu on Pacific Challenges


Tue, Jan 08, 2013


Ahead of a conference jointly hosted by IMF and the government of Samoa in Apia on March 23, IMF Deputy Managing Director Min Zhu talks about how the Pacific region can promote inclusive growth and build resilience to shocks.

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How to Avoid Natural Resources Pitfalls


Tue, Jan 08, 2013


Over the last few years, many countries in Sub-Saharan Africa have benefited from the rise in commodity prices. But being wealthy in natural resources brings its own problems. The IMF is to host a conference in Kinshasa to discuss how these problems might be overcome.

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Eviter les pi?ges de lexploitation des ressources naturelles


Tue, Jan 08, 2013


Ces derni?res ann?es, beaucoup de pays subsahariens ont profit? de la hausse des cours des produits de base. Mais l'abondance de ressources naturelles apporte ses propres probl?mes. Le FMI organise une conf?rence ? Kinshasa pour examiner comment ces probl?mes peuvent ?tre surmont?s.

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Famine au Sahel


Tue, Jan 08, 2013


La famine est un probl?me chronique du Sahel, mais la s?cheresse qui s?vit actuellement a an?anti les cultures et aggrav? la situation alimentaire. Des millions de personnes sont menac?es. La communaut? internationale en est-elle consciente?

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Hunger in the Sahel


Tue, Jan 08, 2013


Hunger is a chronic problem in the Sahel. But now a widespread drought has wiped out crops and made the food situation worse. Millions are at risk. Is the international community taking enough notice?

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Les investissements ?trangers dopent la croissance


Tue, Jan 08, 2013


Au niveau mondial, les investissements directs ?trangers explosent. En 2007, ils se sont envol?s ? 2 billions de dollars EU. Les investissements des nations BRICS dans les pays ? faible revenu se sont nettement acc?l?r?s, alimentant la croissance et le d?veloppement.

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Drowning in Debt


Tue, Jan 08, 2013


To coincide with the release of Marchs Finance & Development, we interview one of the contributors to this quarters magazine, Philip Coggan. In a new book, Coggan argues that the extraordinary rise in debt levels in recent years will reshape our world order.

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Fostering Economic Integration in East Africa


Tue, Jan 08, 2013


As the East African Community considers an ever closer union, the EAC and the International Monetary Fund co-host a conference to draw lessons from the turmoil in the euro area.

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La riposte ? une crise alimentaire


Tue, Jan 08, 2013


Une nouvelle crise sannonce dans une r?gion depuis longtemps soumise aux p?nuries alimentaires. La s?cheresse fait resurgir le spectre de la faim pour des millions dhabitants du Sahel. Lun des pays de la r?gion le Mali a entrepris de g?rer la menace dune nouvelle urgence alimentaire.

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Keeping Up Growth in the East African Community


Tue, Jan 08, 2013


Over the last decade, the East African Community has enjoyed some of the fastest growth rates in the world. To continue on its growth path, IMF economists suggest the region can learn lessons from other countries which have enjoyed rapid development.

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Le financement des infrastructures en Afrique


Tue, Jan 08, 2013


? l?chelle mondiale, les pays africains sont probablement parmi les moins biens lotis en mati?re dinfrastructure. Pendant de longues d?cennies, les gouvernements de la r?gion manquaient doptions pour financer ces projets. La situation a chang?, mais pas n?cessairement dans le bon sens.

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In the Face of a Food Crisis


Tue, Jan 08, 2013


A drought is threatening to bring hunger to millions of people in the Sahela belt of grassland and savanna running across Africa under the Sahara desert. We look at how one country, Mali, is coping with a looming food emergency.

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Paying for Infrastructure in Africa


Tue, Jan 08, 2013


Africans suffer some of the weakest infrastructure in the worlda reality holding the continent back from further growth and prosperity. For decades, governments in the region had few options for funding major infrastructure projects. It's all different now. But that's not necessarily a good thing.

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Notations des agences: Faut-il sy fier?


Tue, Jan 08, 2013


Depuis l?clatement de la crise financi?re mondiale, les agences de notation ne cessent d?tre vou?es aux g?monies. De fait, la commission denqu?te mise en place aux ?tats-Unis pour ?lucider les causes de la crise voyait en elles dimportants facteurs de leffondrement financier. Mais en fin de compte, quest-ce quune agence de notation? Quel est son r?le exactement?

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Postcard from Poland


Tue, Jan 08, 2013


Poland was granted a precautionary loan under the IMF's Flexible Credit Line in 2010 but hasn't needed to draw on the funds. How did Poland manage to weather the global crisis with some of the highest growth rates in Europe?

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????? ?? ??????


Tue, Jan 08, 2013


?????? ????? ?? ?????? ???? ??? ?????? ??? ??????? ??????? ???? ??????. ?? ??? ???? ??????? ???? ??? ????? ???????? ??? ??? ?????? ??????? ?? ??? ?????? ????? ?? ??? ??????? ???????? ???? ?? ????? ??? ?????? ??????.

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Le FMI revoit ses pr?visions de croissance mondiale


Tue, Jan 08, 2013


Le FMI a sensiblement r?vis? ? la baisse ses pr?visions de croissance mondiale pour cette ann?e. Lors d'une entrevue marquant la mise ? jour des Perspectives de l'?conomie mondiale, Olivier Blanchard, le conseiller ?conomique du FMI signale que la zone euro conna?tra vraisemblablement une modeste r?cession qui touchera le reste du monde.

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IMF Marks Down Global Growth Forecast


Tue, Jan 08, 2013


The International Monetary Fund has sharply cut its forecast for world growth this year. In an interview to mark the publication of an update to its World Economic Outlook, the Chief Economist to the IMF, Olivier Blanchard, said the euro area is likely to fall into a mild recession affecting the rest of the world. Jennifer Beckman reports.

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La lutte contre la corruption


Tue, Jan 08, 2013


La corruption est omnipr?sente dans le monde, mais elle touche les pays en d?veloppement de fa?on disproportionn?e. Un ?conomiste du FMI souligne le r?le que joue l'ordre politique et pr?cise que certains syst?mes de gouvernement sont mieux ? m?me de combattre la corruption que d'autres.

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The Battle against Corruption


Tue, Jan 08, 2013


Corruption exists the world over, but it affects developing countries disproportionately. One economist points to the role played by the political order. He says some systems of government are better able to fend off corruption.

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Doing Business in Kenya


Tue, Jan 08, 2013


Kenya, one of Africa's most dynamic economies, has been powered by a boom in the Information Technology sector. Kariuku Gathitu is a young Kenyan entrepreneur and founder of a software company specializing in mobile money transfers. In this podcast, he shares his insights about doing business in one of the fastest growing economies in Africa.

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Faire des affaires au Kenya


Tue, Jan 08, 2013


Le Kenya, l'une des ?conomies les plus dynamiques d'Afrique, b?n?ficie de l'essor des technologies de l'information. Kariuku Gathito, jeune entrepreneur kenyan, est le fondateur de Zege Technologies, un fabricant de logiciels sp?cialis? dans le transfert d'argent mobile. Dans ce podcast, il nous parle de l'activit? commerciale dans l'une des ?conomies les plus performantes du continent.

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African Growth Hanging in the Balance


Tue, Jan 08, 2013


Most African countries are expected to continue growing in 2012. But grim economic prospects in many parts of the world threaten this positive outlook. Roger Nord of the IMF's African Department identifies the challenges facing Africa this year.

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La croissance africaine face aux incertitudes mondiales


Tue, Jan 08, 2013


La plupart des pays africains devraient se maintenir sur la voie de la croissance en 2012. Cependant, les sombres nuages qui p?sent sur l'?conomie mondiale menacent ces bonnes perspectives. Roger Nord, du D?partement Afrique du FMI, ?voque les d?fis que l'Afrique devra relever cette ann?e.

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The IMF and the Stormy Decade


Tue, Jan 08, 2013


The 1990s was a momentous time for the IMF. The organization oversaw the transition of many former Eastern bloc countries into market economies, played an important role in the aftermath of major capital account crises, all the while, introducing historic reforms back at headquarters. The IMFs official historian talks about this tumultuous era.

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Preventing Famine


Tue, Jan 08, 2013


After the dire food shortages, almost 25 years ago in Ethiopia, American aid helped implement an early warning system aimed at forecasting likely food emergencies. So why wasn't the Horn of Africa foreseen?

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Pr?venir la famine


Tue, Jan 08, 2013


Suite aux famines qui avaient ravag? l'?thiopie il y a pr?s de 30 ans, la coop?ration am?ricaine avait aid? ? mettre en place un syst?me d'alerte avanc?e pour d?tecter les risques de p?nurie alimentaire. Comment expliquer alors que le drame de la Corne de l'Afrique n'ait pas pu ?tre pr?vu?

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La Directrice g?n?rale du FMI se rend en Afrique


Tue, Jan 08, 2013


Christine Lagarde se pr?pare ? effectuer son premier d?placement en Afrique en qualit? de Directrice g?n?rale du FMI. Dans ce podcast, elle explique lobjectif de sa visite au Nig?ria et au Niger, et ?voque l?troite relation de partenariat qui existe entre le continent et linstitution.

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IMF Chief Travels to Africa


Tue, Jan 08, 2013


Christine Lagarde is set to visit Africa for the first time since her appointment as Managing Director of the IMF. In this podcast, she explains the purpose of her trip to Nigeria and Niger and the deep partnership between the IMF and the continent.

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Unequal = Indebted


Tue, Jan 08, 2013


For the last three decades, in many countries, the rich have become ever richer, while the vast majority have seen their incomes stagnate. This increasing income inequality has been coupled with ever greater debt burdens. How did we get to this point? IMF economists believe they have some answers, drawing a link between higher inequality and increased debt.

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Qui dit in?galit?, dit endettement


Tue, Jan 08, 2013


Depuis une trentaine d'ann?es, dans beaucoup de pays, les riches deviennent encore plus riches, tandis que les revenus de la grande majorit? des m?nages ne bougent pas. Cette aggravation des in?galit?s de revenu s'accompagne d'un endettement croissant. Comment en est-on arriv? l?? Des ?conomistes du FMI pensent avoir des ?l?ments de r?ponse, et ?tablissent un lien entre la mont?e des in?galit?s et l'endettement.

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Growing Together


Tue, Jan 08, 2013


Does economic growth improve life for all? Many economists are coming to the conclusion that rather than simply growing the economic pie, we need to consider how the economic pie is shared. So how to ensure that we all grow together?

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La Chine s'?veille


Tue, Jan 08, 2013


La Chine talonne les ?tats-Unis pour la place de premi?re puissance ?conomique mondiale. L'?conomie chinoise pourrait d?passer l'?conomie am?ricaine en un peu moins de dix ans, d'apr?s Arvind Subramanian. Dans un livre qui vient de para?tre, il entrevoit un monde domin? par la superpuissance ?conomique de la Chine.

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La croissance est l'affaire de tous


Tue, Jan 08, 2013


L'essor de l'activit? ?conomique profite-t-il ? tous? De nombreux ?conomistes parviennent maintenant ? la conclusion qu'il est en fait dans l'int?r?t d'un pays de promouvoir une croissance solidaire.

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China Rising


Tue, Jan 08, 2013


China is swiftly closing in on the United States as the world's largest economy. The Asian nation's growth rate is several times that of the US, and China's economy could be the world's largest within a decade, according to Arvind Subramanian. In a new book, he envisages a world dominated by China's overwhelming economic power.

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More Inequality, Less Growth


Tue, Jan 08, 2013


Over the last three decades, in many parts of the world, the rich have got much richer, while just about everyone else has had very modest income growth. In this podcast, two IMF economists warn that inequality undermines growth.

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Keynes: The Man, The Message


Tue, Jan 08, 2013


To coincide with the release of her new book, "Grand Pursuit: the Story of Economic Genius", reviewed in this December's "Finance and Development" magazine, we interview author Sylvia Nasar and historian Robert Skidelsky on a key figure of modern economics, John Maynard Keynes.

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Banerjee: Voyons au-del? de l'agriculture


Tue, Jan 08, 2013


Durant ces derniers mois les cours des produits de base sont mont?s en fl?che et beaucoup de pays en d?veloppement ont eu du mal ? s'approvisionner pour nourrir leur population. Que peuvent faire les pays pauvres pour se prot?ger contre le rench?rissement des denr?es alimentaires?

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Banerjee: Moving Beyond Agriculture


Tue, Jan 08, 2013


In recent months, the cost of basic staples has increased sharply, leaving many low-income countries struggling to buy food for their populations. What can poor countries can do to protect their people from surging food prices?

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Politique et bonne gestion des ressources naturelles


Tue, Jan 08, 2013


De nombreux ?cueils ?conomiques vont de pair avec l'abondance de ressources naturelles dans un pays : hyperinflation, syndrome hollandais ou volatilit? des cours des produits de base. Mais il y a aussi des risques politiques. Un politologue explique pourquoi les consid?rations politiques sont aussi importantes que les facteurs ?conomiques.

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Stiglitz: Pour une croissance solidaire


Tue, Jan 08, 2013


Voici plus dun demi-si?cle, que le produit int?rieur brut sert de principal indicateur du progr?s dun pays. Or, selon Joseph Stiglitz, le PIB ne rend pas compte du bien-?tre g?n?ral. Le prix Nobel plaide pour une croissance plus solidaire.

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Combating Youth Unemployment in Africa


Tue, Jan 08, 2013


Since the global financial crisis, youth unemployment has risen rapidly. Worldwide, the rate of unemployment among people aged 1524 years old, stands at over 13 percent, according to the International Labor Organization. In Africa, the problem is particularly acute. In this podcast, we explore the causes and the policies which could help.

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Promoting Growth-for-All


Tue, Jan 08, 2013


Over the last decade, many countries in sub-Saharan Africa have experienced much higher growth than in the past. But have those gains been shared equally by all? Two Fund economists discuss how far economic growth in Africa has improved the lives of the poor.

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Promouvoir une croissance inclusive


Tue, Jan 08, 2013


Depuis une dizaine d'ann?es, de nombreux pays d'Afrique subsaharienne connaissent une croissance plus dynamique que par le pass?. Mais les fruits de cette croissance sont-ils partag?s ?quitablement? Deux ?conomistes du FMI examinent le rapport entre la croissance ?conomique et l' am?lioration du sort des plus d?munis.

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??? ???? ?????? ?????? ??????? ?? ??????? ??????? ??????? ?????? ??????? ?? ????? ??????


Tue, Jan 08, 2013


???? ????? ????? ?????? ????? ??????? ?????? ????????? ???? ?????? ??????? ??????? ?? ??????? ??????? ??????? ?????? ?????? ???????? ???? ????? ??????? ?????? ?????? ????? ?????? ????? ????. ?? ???? ??? ??????? ???? ?????? ???? ?????? ??? ??? ???????? ?? ??? ?? ???? ????? ???? ????? ??????? ?????? ??????? ?????? ???? ???????.

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Africa: Steady Growth, with Threat of Faster Inflation


Tue, Jan 08, 2013


The IMF is optimistic about the prospects for Sub-Saharan Africa, and expects regional growth to be around 5 percent in the coming year. But commodity price swings, inflation and the risk of a global downturn threaten this outlook. The Director of the IMF's Africa Department identifies the latest key economic trends in the region and how they will affect its people.

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Afrique : Croissance soutenue et risque de pouss?e inflationniste


Tue, Jan 08, 2013


Le FMI voit avec optimisme les perspectives de l'Afrique subsaharienne et pr?voit un taux de croissance d'environ 5 % pour l'ann?e prochaine. Les fluctuations des cours des mati?res premi?res, l'inflation et le risque de ralentissement de l'?conomie mondiale p?sent toutefois sur ces perspectives.

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IMF Opens New Technical Center


Tue, Jan 08, 2013


The IMF has opened a new technical assistance center in Mauritius which will allow member countries in southern Africa to leverage IMF know-how. The opening of "Afritac" is in response to growing demand for IMF expertise.

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Politics and Good Management of Natural Wealth


Tue, Jan 08, 2013


There are many economic pitfalls associated with being a resource-rich country: high inflation, Dutch disease, and volatile commodity prices, to name a few. But there are also political dangers. A top political scientist explains why political factors are as important as the economic.

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Ghana : Partager la manne p?troli?re


Tue, Jan 08, 2013


La d?couverte de p?trole au large du Ghana en 2007 avait soulev? un vent d'optimisme dans le pays. Mais le Ghana ?tait ?galement d?termin? ? ne pas devenir la proie de la corruption et des conflits dans lesquels d'autres pays p?troliers s'?taient enlis?s. Alors, quatre ans plus tard, o? en est ce pays d'Afrique de l'Ouest ?

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Ghana: Sharing Out the Oil Wealth


Tue, Jan 08, 2013


The discovery of oil off the coast of Ghana back in 2007 was met with joy in the country. But Ghana was also determined not to fall victim to the corruption and conflict which has bedeviled other oil-rich countries. So, four years on, how much progress has this west African country made?

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Stiglitz: Why We Need Inclusive Growth


Tue, Jan 08, 2013


For over half a century, gross domestic product has been used as the single most important measure of a country's progress. But, according to Joseph Stiglitz, GDP fails to reflect a nation's overall well-being. The Nobel laureate argues for more inclusive growth.

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Comment atteindre l'?galit? des revenus dans les pays pauvres ?


Tue, Jan 08, 2013


L'in?galit? des revenus reste ?lev?e dans les pays ?mergents et ceux ? faibles revenus. La d?pendance ? quelques mati?res premi?res tend ? exacerber cette in?galit?. Francois Bourguignon nous explique pourquoi il faut se soucier de la r?partition in?gale de la richesse dans une soci?t?.

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World Food Program Head on Horn of Africa Famine


Tue, Jan 08, 2013


Severe droughts, combined with an increase in the global prices for basic staples, have led to desperate food shortages in the Horn of Africa. In this podcast, Josette Sheeran, the head of the United Nations World Food Program describes the conditions she witnessed during her recent visit to the region.

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Paul Collier on Undoing the Resource Curse


Tue, Jan 08, 2013


Low-income countries rich in natural resources have performed worse economically than might be expected, falling prey to conflict, corruption, or overdependence on that resource. Paul Collier, a leading academic in the field of development, believes countries can learn from the past to successfully ride "the commodity tiger."

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La lutte contre le ch?mage des jeunes en Afrique


Tue, Jan 08, 2013


Selon l'Organisation internationale du travail, le taux de ch?mage global parmi les jeunes de 15 ? 24 est de plus de 13 %. En Afrique, le ch?mage et le sous-emploi sont particuli?rement aigus. Dans ce podcast, nous explorons les causes de ces probl?mes et les politiques qui pourraient contribuer ? les att?nuer.

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Helping Poor Countries Tackle Commodity Price Volatility


Tue, Jan 08, 2013


In recent years, commodity prices have surged and fallen dramatically. To try and help low-income countries who have been hit hard by this volatility, the IMF has developed a new tool to anticipate the impact of price fluctuations.

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Aider les pays pauvres ? faire face ? la volatilit? des prix


Tue, Jan 08, 2013


Ces derni?res ann?es, le prix des mati?res premi?res a des airs de montagnes russes: il monte ? des niveaux record avant de retomber brutalement. R?cemment, le FMI a d?velopp? un nouvel outil qui permet d'anticiper l'impact des fluctuations de prix.

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Managing the Pain of Fiscal Consolidation


Tue, Jan 08, 2013


After years of falling tax revenues and increasing spending, governments are now facing the prospect of having to slash, often record, deficits

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Harnessing Diasporas


Tue, Jan 08, 2013


Dilip Ratha, a leading economist on migration, looks at the contribution made by overseas Africans.

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Le FMI et la lutte contre le blanchiment de capitaux


Tue, Jan 08, 2013


Chaque ann?e, des milliards de dollars provenant dactivit?s d?lictueuses sont blanchis.

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IMF Responds to Horn of Africa Disaster


Tue, Jan 08, 2013


Severe droughts are gripping the Horn of Africa, leaving millions needing emergency assistance. Antoinette Sayeh, director of the Africa Department at the IMF, speaks about the Fund's response to the crisis.

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La r?ponse du FMI ? la crise dans la Corne de l'Afrique


Tue, Jan 08, 2013


De graves s?cheresses ont saisi la Corne de l'Afrique, laissant des millions de personnes en grave besoin d'assistance. Masood Ahmed, directeur r?gional au FMI, parle de la r?ponse du FMI face ? cette crise.

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