Description : IEO on IMF exchange rate advice; GFSR: financial system risks and issues for regulators; good times in Belgium; Africa's oil exporters; outlook for Middle East and Central Asia; Caucasus and Central Asia: capital flows; lessons from a decade of crises.
Description : New IMF financial sector department; Short takes: Oman, C.A.R., Greece; Nobelist Wangari Matthai on sustainable development; Moldova and remittances; Financial globalization; VAT refunds; Emerging markets alter financial landscape.
Author by : International Monetary Fund. External Relations Dept.
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
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Description : Work Program, IMF Reform, Local Bond Markets, Lipsky Sees Slower Growth, Climate Change, Lipsky Interviewed, Fiscal Spending in G-7, Korea Health Check, Loan for Guinea, Technical Assistance, Indonesia, Chile's Economy, IEO, Conditionality, News Briefs.
Description : In preparation for the 2003 IMF-World Bank spring meetings, the IMF Executive Board will review progress on the IMF’s efforts and plans to help poor countries further. the IMF Survey talked to Masood Ahmed, Deputy Director of the IMF’s Policy Development and Review Department, about this effort.
Description : The IMF’s Executive Board on May 15 approved an augmentation of Turkey’s three-year Stand-By Arrangement by SDR 6.4 billion (about $8 billion), bringing the total to SDR 15 billion (about $19 billion). the full text of Press Release 01/23, including details of Turkey’s economic program, is available on the IMF’s website (www.imf.org).
Description : Against a background of the continuing effects of the sharp declines in recent years in global equity markets, widening output gaps, and weak business and consumer confidence, concerns about deflation in both industrial and emerging market economies have mounted in recent months. with Japan already suffering from deflation and China and several other Asian economies experiencing deflationary pressures, the worry is that these could deepen and even spread more widely. Panelists at a May 29 IMF Economic Forum assessed the risks and debated appropriate policy responses, using a newly released staff report “Deflation: Determinants, Risks, and Policy Options,” as a springboard. the panel, moderated by Kenneth Rogoff (IMF Economic Counsellor and Director of the Research Department), comprised Laurence Ball (Professor of Economics, Johns Hopkins University), Manmohan S. Kumar (Advisor, IMF Research Department), Vincent Reinhart (Director of Monetary Affairs, U.S. Federal Reserve System Board of Governors), and Kim Schoenholtz (Chief Economist, Citigroup Global Markets). Panelists voiced varying degrees of concern about current risks, but all agreed that the best way to defeat deflation was to prevent it from setting in.
Description : The IMF recently concluded its annual “health checkup” (Article IV consultation with the U.S. authorities) of the U.S. economy amid continuing questions about the strength of the economic recovery. While recent data have been reassuring, IMF staff cautioned that lingering effects from the collapse of the equity price bubble could still dampen activity, so that a durable economic upswing was not a foregone conclusion. In view of the large unfunded liabilities in the public pension and health systems and the recent deterioration in the federal fiscal position, the staff also raised concerns about fiscal sustainability and pointed to the risk that fiscal deficits could crowd out private investment and exacerbate the growing U.S. current account deficit. These issues are discussed in the IMF Staff Report and Selected Issues papers now available on the IMF’s website (http://www.imf.org/external/country/usa/index.htm).
Description : The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Description : On March 1, IMF Managing Director Horst Kõhler announced the establishment of the International Capital Markets Department in the IMF. Below are edited excerpts from a March 2 press briefing by Kõhler and First Deputy Managing Director Stanley Fischer on that decision and on the IMF’s response to financial crises, including Turkey (www.imf.org/imfsurvey).
Description : The IMF has added its voice to the debate over the euro area’s Stability and Growth Pact (SGP), urging the three largest countries—France, Germany, and Italy—to rein in their fiscal deficits. It also trimmed its economic growth forecasts for the 12-nation monetary union and urged the European Central Bank (ECB) to adopt a bias toward lowering interest rates.