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International Monetary Fund

China's Yuan To Become A Main Reserve Currency

AP | Chloe Angyal | Posted 11.30.2015 | World

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Migration: A Global Issue in Need of a Global Solution

Christine Lagarde | Posted 11.12.2015 | World
Christine Lagarde

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.

Empowering Women, Tackling Income Inequality

Kalpana Kochhar | Posted 11.10.2015 | Women
Kalpana Kochhar

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.

More Proof Conservative Supply-Side Economic Policies Do Not Work!

Marvin Meadors | Posted 10.23.2015 | Politics
Marvin Meadors

Rarely do bureaucracies like the IMF admit error. In fact, the organization has long been criticized for pushing free-market oriented solutions which ignore local conditions.

Now Is the Time to Put a Price on Carbon

Christine Lagarde | Posted 10.22.2015 | World
Christine Lagarde

WASHINGTON -- In just six weeks, world leaders will meet in Paris to negotiate a new global climate change agreement. To date, some 150 countries have submitted plans detailing how they will move their economies along a more resilient low-carbon trajectory. These plans represent the first generation of investments to be made in order to build a competitive future without the dangerous levels of carbon dioxide emissions that are now driving global warming.

Conflicts, Refugees, and Low Oil Prices: How MENA Can Emerge From This Testing Time

Masood Ahmed | Posted 10.21.2015 | World
Masood Ahmed

In a time of entrenched conflicts and historically low oil prices, the challenges for policymakers throughout the region are steep. But that only makes finding the political will to move forward with the right reforms all the more important.

How to Manage the Commodity Roller Coaster

Vitor Gaspar | Posted 10.07.2015 | Business
Vitor Gaspar

The fiscal implications of the sharp decline in commodity prices are very large. The deterioration in the 2015 primary balance in commodity exporting countries is about 5 percentage points of GDP on average, with countries like Saudi Arabia and Venezuela experiencing a particularly sharp decline.

Global Financial Stability: Vulnerabilities, Legacies, and Policy Challenges

José Viñals | Posted 10.07.2015 | Business
José Viñals

A collective effort to deliver a policy upgrade is needed urgently to face up to rising challenges in an uncertain world, to ensure financial stability and better growth prospects. Three percent of global output is at stake.

The Quest for Robust and Synchronized Growth

Maurice Obstfeld | Posted 10.07.2015 | Business
Maurice Obstfeld

Today, we released the October 2015 World Economic Outlook. Our forecasts come at a moment when the world economy is at the intersection of at least ...

America's Biggest Enemy Is Neither China nor Russia -- It's Us

William H. Overholt | Posted 09.24.2015 | World
William H. Overholt

The gravest threat to American global leadership is neither Russia nor China but continued interest group-driven congressional abandonment of the kind of balanced strategy that won the Cold War.

Europe's New Economic Divide: A key axis for Europe: free-market advocates in Western Europe ally with those in former communist countries

European Horizons | Posted 09.23.2015 | Politics
European Horizons

By Chris Miller, YaleGlobal, 27 August 2015 New East-West divide? An established welfare state like France, whose President François Hollande is see...

This Is the Right Time for Higher Interest Rates: Nothing to Be Afraid of

Georges Ugeux | Posted 08.28.2015 | Business
Georges Ugeux

We have had enough of those policies that favor markets and financial institutions to the detriment of the rest of the economy. The Federal Reserve has been waiting too long to correct the current abnormal situation. The IMF is wrong to encourage it to do so.

China Protects its Workers; America Doesn't Bother

Leo W. Gerard | Posted 08.17.2015 | Business
Leo W. Gerard

Currency manipulation violates free market principals, but for China, doing it makes sense. This potent action by a major economic competitor raises the question of when the United States government is going to stop pretending currency manipulation doesn't exit.

No Way Out: A 21st Century Greek Tragedy

Joseph V. Micallef | Posted 08.10.2015 | World
Joseph V. Micallef

The EU cannot acknowledge that Greece is bankrupt or that its Greek debts are uncollectible because, at least for now, no European leader wants to take blame for losing billions of Euros of national wealth.

100 Years of Occupation in Haiti -- Still Glittering as Gold

Mark Schuller | Posted 08.03.2015 | Politics
Mark Schuller

The first U.S. Occupation of Haiti in 1915 occurred while the European former colonial powers were at war with one another.

100 years of Occupation in Haiti

Mark Schuller | Posted 07.28.2015 | World
Mark Schuller

Tuesday marks the 100th anniversary of the commencement of the U.S. Occupation of Haiti. On July 28, 1915, U.S. Marines landed on the shores of Haiti, occupying the country for 19 years. Several have argued that the U.S. has never stopped occupying Haiti, even as military boots left in 1934.

Greece: Past Critiques and the Path Forward

Olivier Blanchard | Posted 07.10.2015 | World
Olivier Blanchard

All eyes are on Greece, as the parties involved continue to strive for a lasting deal, spurring vigorous debate and some sharp criticisms, including of the IMF. In this context, I thought some reflections on the main critiques could help clarify some key points of contention as well as shine a light on a possible way forward.

The Greece That Can Say No: History's Lessons Applied to the Greek Debt Crisis

Sheldon Filger | Posted 07.05.2015 | World
Sheldon Filger

As in 1940, despite the hard road mandated by their decision, the Greek people have placed national honor and dignity on a higher plane than the only other alternative on offer: an ultimatum based on collective indignity and national impoverishment .

Report: European Countries Tried To Block Release Of Gloomy IMF Report On Greece

Posted 07.03.2015 | World

By Paul Taylor BRUSSELS, July 3 (Reuters) - Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden ...

PHOTOS: Greeks Prepare For Crucial Referendum

The Huffington Post | Alexandra Ma | Posted 07.02.2015 | World

Greece was on edge on Thursday, days ahead of a controversial referendum on the country's economic future. Scheduled for Sunday, the referendum wi...

Daniel Marans

U.S. Efforts In Greek Debt Crisis May Be Just Too Late | Daniel Marans | Posted 06.30.2015 | World

The United States should have intervened a week ago when the latest talks between Greece and its creditors began to fall apart, a former senior Intern...

White House: U.S. Not Contemplating A Federal Bailout Of Puerto Rico

Reuters | Posted 06.29.2015 | Politics

NEW YORK, June 29 (Reuters) - Puerto Rico's governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptc...

The EU, the Grexit, and Market Failure

Daniel Wagner | Posted 06.26.2015 | World
Daniel Wagner

An orderly unwinding of Greece's and Europe's debt is possible. If it could be done in the U.S., when a third of all savings and loans associations failed in the 1980s and 1990s, something similar can be done in Europe.

All Will Benefit from Steps to Cut Excessive Inequality--Lagarde

iMFdirect | Posted 06.17.2015 | World

By lifting the "small boats" of the poor and middle class, we can build both a fairer society and a stronger economy, IMF Managing Director Christine ...

Greece Has Made Tough Choices. Now It's the IMF's Turn.

James K. Galbraith | Posted 06.17.2015 | World
James K. Galbraith

ATHENS -- The IMF and Greece's other creditors have assumed that massive fiscal contraction has only a temporary effect on economic activity, employment and taxes, and that slashing wages, pensions and public jobs has a magical effect on growth. This has proved false. Indeed, Greece's post-2010 adjustment led to economic disaster -- and the IMF's worst predictive failure ever.