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International Monetary Fund

Saudi Myths

Sam Husseini | Posted 01.25.2015 | World
Sam Husseini

Many are voicing surprise at the comments of IMF head Christine Lagarde following the death of the Saudi monarch. We see here the emptiness of a shallow diversity that seeks to put a woman in a prominent position while maintaining incredibly oppressive power dynamics.

Global Economy Faces Strong and Complex Crosscurrents

Olivier Blanchard | Posted 01.20.2015 | Business
Olivier Blanchard

On the one hand, major economies are benefiting from the decline in the price of oil. On the other, in many parts of the world, lower long-run prospects adversely affect demand, resulting in a strong undertow.

China's Economic Growth Slows to Lowest Level Since 1990

Sheldon Filger | Posted 01.20.2015 | Business
Sheldon Filger

As with the United States, the massive size of the Chinese economy means that lower GDP growth rates create a headwind for the global economy as a whole. It is therefore no surprise that the International Monetary Fund has just revised its forecast of global economic growth downward by the most substantial margin in three years.

International Monetary Fund Underscores the Importance of Jobs for Macroeconomic Stability

Sabina Dewan | Posted 01.16.2015 | Business
Sabina Dewan

A new report by the IMF and Economist Intelligence Unit acknowledges the importance of quality jobs, calling the JustJobs Index a "valuable look at income and employment security and working conditions."

U.S. Should Agree to Democratize the IMF -- Or Get Out of the Way

Wu Zhenglong | Posted 01.12.2015 | World
Wu Zhenglong

In essence, the reforms have been crafted to democratize the IMF governance. Now, those sitting at the head of the IMF's table are either American allies, or its Western partners, whereas the developing countries are underrepresented as a whole. They do not have a say in the IMF decision-making process, or in protection of their fundamental interests.

Ebola Crisis Made Worse By IMF Austerity Plans For Africa: Study

AP | By MICHELLE FAUL | Posted 12.30.2014 | Business

YORK, England (AP) — Professors from three leading British universities say International Monetary Fund policies favoring international debt repayme...

7 Questions About the Recent Oil Price Slump

Olivier Blanchard | Posted 12.22.2014 | Business
Olivier Blanchard

Oil prices have plunged recently, affecting everyone: producers, exporters, governments, and consumers.  Overall, we see this as a shot in the arm for the global economy. There is, however, much more to this complex and evolving story.

US Era of Dominance Is Dwindling as China Takes Over the World Economy

David Oualaalou | Posted 12.15.2014 | Politics
David Oualaalou

While the U.S. is enmeshed in its political squabbling as a result of the paralysis of Congress, China and Russia are strengthening their economic ties with military cooperation on the horizon.

Ukraine's Next Energy Minister Will Be Bought and Paid For, As Usual

James Stafford | Posted 12.02.2014 | World
James Stafford

There will be no foreign investment to develop Ukraine's hydrocarbons, and we will likely see a withdrawal of those independent gas producers who have been suffering since the doubling of taxes on their production, ostensibly to fund the war effort.

Detroit's Death Knell? Austerity, Structural Racism, Water Wars

Michael Shank | Posted 01.18.2015 | Detroit
Michael Shank

The post-industrial dystopia emerging on the streets of Detroit may be shocking, but it is not surprising. The crisis results from the convergent forces of fiscal austerity and structural racism in a region defined by its extreme segregation of race, wealth and opportunity.

Infrastructure Investment: Part of Africa's Solution

Antoinette Sayeh | Posted 12.28.2014 | Business
Antoinette Sayeh

Tremendous efforts are under way to upgrade sub-Saharan Africa's infrastructure. But the needs on the ground are still immense as evidenced by the frequent electricity blackouts, poor roads, and insufficient access to clean water in many countries.

Does Raising the Minimum Wage Hurt Employment? Evidence from China

Prakash Loungani | Posted 12.27.2014 | Business
Prakash Loungani

Raising the minimum wage is a polarizing issue. One side worries that raising it will lower employment. The other side downplays the impact on employment and plays up the positive impact on the living standards of the poor.

Smart Fiscal Policy Will Help Jobs

Vitor Gaspar | Posted 12.08.2014 | Business
Vitor Gaspar

In some countries, particularly in Europe, reform of labor markets may be necessary to remove persistent rigidities. Fiscal policy cannot substitute for such reforms. But fiscal policy can work in tandem with broader structural reform efforts to support job creation.

The New Global Imbalance: Too Much Financial Risk-Taking, Not Enough Economic-Risk Taking

José Viñals | Posted 12.08.2014 | Business
José Viñals

I have three key messages for you today: 1. Policymakers are facing a new global imbalance: not enough economic risk-taking in support of growth, but...

Legacies, Clouds and Uncertainties

Olivier Blanchard | Posted 12.08.2014 | Business
Olivier Blanchard

Among advanced countries, the United States and the United Kingdom in particular are leaving the financial crisis behind and achieving decent growth. Even for them however, potential growth is lower than it was in the early 2000s.

The Africa We Want

Patrick E. Ngowi | Posted 12.06.2014 | World
Patrick E. Ngowi

In Africa, like any other part of the world, business is about starting with the right idea. What makes this beautiful continent of mine very unique is the fact that it's rapidly changing. 'There's money to be made everywhere.'

Vladimir Putin, BRICS Bank and Eclipse of South American Idealism

Nikolas Kozloff | Posted 11.01.2014 | Politics
Nikolas Kozloff

South American political elites seem to have jettisoned much of the high minded left idealism of past years in favor of crass economic interests. In a somewhat outlandish turn of events, Brazil has embraced Vladimir Putin, a figure who has desperately sought to end his country's political and diplomatic isolation.

More Jobs That Pay Decent Wages: How to Fight Poverty in the United States

Deniz Igan | Posted 10.28.2014 | Business
Deniz Igan

There are 10.6 million poor people who have a job, and often head households with children. Modest policy efforts can help change the negative dynamics that poverty creates. Luckily, there are tools that can help and which have a proven track record.

Weary U.S. Workers Are Still Experiencing Hard Times

James P. Hoffa | Posted 10.27.2014 | Business
James P. Hoffa

Labor Day is seen as a day of rest for many hardworking Americans. But for a growing set of U.S. workers, there is no break from trying to earn enough to support their families. Despite a dip in unemployment during the past few years, low pay continues to plague many employees while their corporate bosses rake in record profits.

How the United States Can Escape the Inequality Trap

Anthony W. Orlando | Posted 10.22.2014 | Politics
Anthony W. Orlando

As inequality grows, the rich become more powerful than the rest of the population, enabling them to veto any policy that impedes their one-sided enrichment. They also become less empathetic toward the rest of the population, whose lives seem less similar to their own with each passing year.

U.S. Labor Force: Where Have All the Workers Gone?

Ravi Balakrishnan | Posted 10.12.2014 | Business
Ravi Balakrishnan

As the U.S. economy recovers, hirings increase and people are encouraged to look for jobs again. Instead, the ratio of the adult population with jobs, or looking for one -- what's called the labor force participation rate -- has been falling, standing at 62.9 percent in July 2014

The Plain Bad Economics of Today's Energy Prices

Dr. Andrew Steer | Posted 10.01.2014 | Green
Dr. Andrew Steer

Remember not so long ago when the IMF was treated with deep suspicion by the environmental community? Times are changing.

The Slow Recovery Continues

Olivier Blanchard | Posted 09.23.2014 | Business
Olivier Blanchard

The recovery continues, but it remains weak, indeed a bit weaker than we forecast in April. We have revised our forecast for world growth in 2014 from 3.7 percent in April to 3.4 percent today. This headline number makes things look worse than they really are.

What the World Cup Can Teach Progressives About Corruption

Walden Bello | Posted 09.15.2014 | World
Walden Bello

Apart from passionate support for their national sports teams, hatred of government corruption and "crony capitalism" is one of the few issues that unite all social groups in developing countries.

America Is Globally Shamed For Its Pathetic Minimum Wage

The Huffington Post | Mark Gongloff | Posted 06.16.2014 | Business

America is treating its low-wage workers so badly that it's starting to get shamed by the rest of the world. The International Monetary Fund on Mon...