In the coming months, President Donald Trump could withdraw the United States from the International Monetary Fund and the World Bank or slash their funding. But such a move would disproportionately hurt the US itself, undermining its ability to shape the rules of the global financial system and pursue its strategic interests. Read More Here
African countries’ large and growing debt burdens have become a major obstacle to poverty reduction. Western countries must stop exacerbating the continent’s problems and offer debt relief by substituting grants for loans and forcing private lenders to settle sovereign-debt disputes in borrower-country courts. Read More Here
Sri Lanka’s new president, Anura Kumara Dissanayake, must reject his predecessor’s recent debt-restructuring deal with bondholders. That agreement would inflict unnecessary pain on Sri Lanka’s population and set a dangerous precedent, undermining other developing economies’ ability to restructure their foreign debts. Read More Here
Policymakers should prioritize steps toward greater economic resilience such as strengthening government finances and revitalizing economic growth prospects. Read More Here
The August 2021 allocation of special drawing rights supported countries amid recovery from the pandemic—and continues to offer benefits. Read More Here
Working together to address common challenges, and building economic bridges, will be crucial to improve lives. Read More Here
Governments come and go, but Pakistan’s economic woes – and its love/hate relationship with the IMF – remain constant. Read More Here
The global economic outlook has darkened, and growth across Asia and the Pacific is poised to slow further amid the continuing impact of Russia’s invasion of Ukraine and other shocks. Economic growth in Asia and the Pacific is projected to decelerate to 4.2 percent this year, 0.7 percentage points less than we forecasted in April and slower […]
The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. IMF’s latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed. Read More Here
As the IMF has warned, economic recoveries are diverging dangerously. The disparities will widen further between wealthy countries that have widespread access to vaccines, diagnostics, and therapeutics, and poorer countries still struggling to inoculate frontline healthcare workers. Read Here | IMF Blog
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