With the U.S. Congress having just authorized funds to double the U.S. equity contribution to the IMF, one might expect that an American should be given a fair chance to get this key job. But, as things stand, no Americans need apply.
Christine Lagarde has said she is open to serving another five-year term as Managing Director of the International Monetary Fund. She should not get it.
The American primary system for the nomination of presidential and congressional candidates, a system never mentioned in the constitution, has allowed populist anger to be exploited into a veto on foreign policy. Primaries, as they have evolved with the assistance of social media, have become an exercise that grants extraordinary electoral power to the dissatisfied and to the extremes.
At the dawn of 2016 a new international financial architecture is emerging, with the advent of the Chinese Renminbi as the third global currency alongside the euro and the dollar.
Time is a luxury that Saudi Arabia can no longer take for granted. It faces an economic time bomb, which, if not defused, will have severe and possibly irreversible effects both nationally and internationally.
This October at the IMF-World Bank Annual Meeting in Lima, Peru, the development community came together and discussed the newly adopted Sustainable Development Goals.
As the Paris Climate Summit reaches its closing days, it couldn't be more different than Copenhagen six years ago. For the first time in a major climate negotiation, the Draft Outcome was approved on schedule, Saturday evening.
Kuala Lumpur as seen on ...
The federal highway transportation bill congress passed earlier this month was touted by some as a post-Boehner, bipartisan compromise. But it wasn't long before the bill was criticized as anemic and a missed opportunity to go big.
"The human influence on the climate system is clear and is evident from the increasing greenhouse gas concentrations in the atmosphere, positive radia...
"Let's Change" is an appealing slogan, but the question is "change to what?" It seems likely from the interests that Mauricio Macri represents, and his political orientation, that Argentina's poor and working people will bear the brunt of any economic adjustment.
To support additional public services for refugees, countries neighboring conflict zones will require more financial resources. The international community must play its part. With the IMF's support, for example, Jordan has been able to adjust its fiscal targets to help meet this need. Ultimately, however, one thing is very clear: No country can manage the refugee issue on their own. We need global cooperation.
Our new study analyzes the links between these two phenomena--inequality of income and that of gender. We find that gender inequality is strongly associated with income inequality across time and countries of all income groups.
Why should it be left to governments and airlines with skin in the game to decide whether to issue flight restrictions or comply with warnings? What is needed is an international governing body charged with enforcing air corridor restrictions or closures, rather than merely issuing protocols and alerts.
This year alone, at least 350,000 refugees have fled civil war and terror to seek a better life in Europe. And, according to the Vice President of the World Bank Rachel Kyte, this is a mere harbinger of what the near future holds.