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There are talented people everywhere, with ideas that could make the world a better place to live in. But what does it take for a promising young innovator to reach their full potential? In this podcast, IMF economist Ruchir Agarwal says global scientific output could be more than 40 percent higher if talented youth around the world had equal oppor…
 
Economists have long studied economic migration between rich and poor countries, but India's large population and significant divergence in per capita incomes between its rich and poor states make it an interesting case study on the implications of economic migration within a fast-growing emerging economy. In this podcast, economists Prakash Lounga…
 
The pandemic has proven in no uncertain terms that people and institutions need to adapt to change. IMF Managing Director Kristalina Georgieva was invited by the Albright Institute of Global Affairs at Wellesley College to discuss how the Fund is adapting to the current needs of the global economy and the extent to which the institution has had to …
 
Global disparities between women and men have narrowed over the twentieth century but despite the strong evidence of the benefits of closing the gender gap, progress has been slow in many parts of the world. Dr Alice Evans has studied women movements across the globe and written extensively on the topic. She was invited by the IMF Africa Department…
 
With the great strides in financial technology in recent years, the lower data processing costs and fees associated with investing in the stock market should have led to broader increases of household wealth. But in this podcast, economist Roxana Mihet says while fintech has reduced barriers to access and held out the promise of gains for all, it m…
 
Many things can happen within the global financial system to disrupt financial stability, and the pandemic is testing most of them. Fabio Natalucci heads the IMF's Global Financial Stability Report, which analyses trends in the world economy and looks for potential vulnerabilities. The latest update identifies the uneven distribution of vaccines ac…
 
Artificial intelligence and robots are revolutionizing production processes across the globe, but what countries stand to gain most from these new technologies? Economists Andy Berg and Chris Papageorgiou are coauthors of a new study that suggests the so-called AI revolution may widen the gap between rich and poor countries. Transcript Read the blo…
 
Since the Industrial Revolution began more than 250 years ago- the world has produced enough wealth for every one of its 8 billion people to live comfortably. Yet, over 40 percent live in poverty, with most of the wealth being held by an increasingly narrow slice of the population. Binyamin Appelbaum says rising inequality is weighing on growth and…
 
Tourism, hospitality, and other contact-intensive sectors with higher shares of female workers came to a dead stop shortly after Covid-19 infections started to spread. But as the labor market readjusts to the new work environment, a new study using real-time data on job listings reveals women–across all sectors, continue to drop out of the workforc…
 
The global pandemic has caused millions of people to lose their jobs and is widening the gap between white-collar workers who can work from home and those who don’t have the skills or resources to participate in a digitally-driven economy. And with robots and automation on the rise, COVID-19 appears to have ushered in a new normal for the global wo…
 
Covid-19 has shown the important role that data and statistics play in assessing the disruptions caused by the pandemic–economic and otherwise–and implementing measures to mitigate its impact. The IMF's Statistics Department brings together leading thinkers in the world of data in its annual Statistical Forum. This year, Ian Goldin was invited to g…
 
Despite long-standing warnings from scientists about the risks of a pandemic, the world was simply unprepared for this one. Ulrich Volz says the same is true for climate change. Volz is the director of the Center for Sustainable Finance at SOAS University of London and in this podcast, he says many countries will find themselves in a permanent cris…
 
بلدان الشرق الأوسط وشمال إفريقيا استجابت لجائحة كوفيد-19 باتخاذ إجراءات سريعة وصارمة للتخفيف من انتشار الجائحة وحدة تأثيرها ولكنها لا تزال تواجه بيئة قاسية يشوبها عدم اليقين. فتشير آخر التوقعات لآفاق الاقتصاد في المنطقة إلى أن البلدان المصدرة للنفط تضررت على وجه الخصوص بدرجة بالغة من "صدمة مزدوجة" تمثلت في الأثر الاقتصادي لحالات الإغلاق العام وما ت…
 
The Middle East and North Africa responded to the COVID-19 pandemic with swift and stringent measures to mitigate its spread and impact but continue to face an uncertain and difficult environment. The latest outlook for the region shows oil exporters, in particular, were hard hit by a “double-whammy” of the economic impact of lockdowns and a sharp …
 
La pandémie mondiale a exercé une pression intense sur les économies de toute l'Afrique subsaharienne. De nombreux gouvernements luttent pour maintenir la stabilité macroéconomique tout en répondant aux besoins fondamentaux de leurs populations. Papa N'Diaye dirige les perspectives économiques du FMI pour la région. Dans ce podcast, il dit que l'éc…
 
The global pandemic has put intense pressure on economies across sub-Saharan Africa. Many governments are struggling to maintain macroeconomic stability while also meeting the basic needs of their populations. Papa N'Diaye heads the IMF's economic outlook for the region. In this podcast, he says sub-Saharan Africa's economy will see its worst contr…
 
In the early 2000s, Nobel Laureate, Michael Kremer helped develop the design of advance market commitment models (AMCs). They were used to incentivize the private sector to work on issues of relevance for the developing world by pledging that if they developed an appropriate vaccine, funds would be available for those countries to purchase it. The …
 
Seven months after the World Health Organization declared a global pandemic, more than 1 million people have died of the disease and trillions of dollars have been spent in an effort to contain its devastating impact on economies across the globe. The latest Fiscal Monitor looks at what governments can do in the different phases of the pandemic to …
 
While economies across the globe continue to feel the pressures from the pandemic, the latest Global Financial Stability Report shows the extraordinary fiscal and monetary policy measures taken by governments, Central Banks and International Financial Institutions have helped pull the global economy back from the brink. Fabio Natalucci leads the te…
 
As the pandemic continues to wreak havoc on people and economies across the globe, the IMF and World Bank prepare for their second round of virtual meetings since the start of the crisis. In her customary curtain raiser speech, IMF Managing Director, Kristalina Georgieva says while next week's outlook will show a small upward revision to the 2020 g…
 
The pandemic is adding pressure on society's most vulnerable and could lead to a significant rise in income inequality. In this podcast, IMF Managing Director, Kristalina Georgieva, talks with Max Lawson and Nadia Daar on the Equals podcast. The podcast was created by Oxfam International and focuses on inequality. Georgieva shares her views on the …
 
While the African elephant is the largest and the most famous land animal in the world, very few people know anything about the African forest elephant. Forest elephants are smaller and live in densely wooded rainforests. Their numbers are declining thanks to deforestation and poachers and likely face extinction if nothing is done to protect them. …
 
While our work environments changed literally overnight, the impact of lockdowns on the nature of work is likely to last well beyond the pandemic. In a study published by the National Bureau of Economic Research, scholars from Harvard and Stern Business Schools look at the ongoing challenges for organizations and workers struggling to adapt and per…
 
After a century-long decline, mortality rates in the U.S. have flattened- even increased for non-Hispanic whites in middle age. In this podcast, Nobel laureate, Angus Deaton describes how people are dying at an alarming rate from suicides, drug overdoses and alcohol-related diseases, and how the largest increases in mortality are happening among th…
 
There are many facets of the IMF's work that people don't often hear about, one is capacity development; helping governments strengthen their ability to make good policy decisions and to implement them. Nobel Laureate, Paul Krugman was invited by the Institute for Capacity Development to share his insight into where the economy stands now in the co…
 
The IMF's latest Economic Outlook for sub-Saharan Africa is considerably worse than its April outlook and is subject to massive uncertainty. Economic activity this year is now projected to contract by some 3.2 percent, reflecting a weaker global economy and measures to contain the spread of the virus. In this podcast, Financial Times Africa Editor,…
 
The 2008 global financial crisis and the current pandemic have put enormous pressure on societies and exposed cracks in the systems we all depend on to survive. These types of global crises are forcing a reckoning about the world’s ability to manage systemic hazards. In this podcast, Ann Florini and Sunil Sharma say with increasing fragility in pol…
 
“The storm is a good opportunity for the pine and the cypress to show their strength and stability,” said Ho Chi Minh, the Father of the Vietnamese Nation. And it turns out Vietnam has shown its strength in weathering the COVID-19 storm. Era Dabla-Norris and Anne-Marie Gulde-Wolf are both economists in the IMF's Asia Pacific Department, and in this…
 
While connectivity in sub-Saharan Africa lags behind other regions, digitalization is advancing fast and being embraced by those who do have access. Some countries are now global leaders in mobile money transactions—with a share of GDP average close to 25 percent, compared to just 5 percent in the rest of the world. In a region where infrastructure…
 
L'Afrique subsaharienne est en première ligne du changement climatique, avec des conditions météorologiques extrêmes qui font des ravages sur les infrastructures et la production agricole. Mais la crise sanitaire introduit un autre niveau de risque pour la chaîne alimentaire. Dans ce podcast, les économistes du FMI Genet Zinabou et Eric Pondi Enden…
 
Migration has been the focus of heated political debate in recent years, surfacing misconceptions of its real economic impact. But a new study in The World Economic Outlook shows migration improves economic growth and productivity in host countries. In this podcast, IMF economist and co-author of the study, Margaux MacDonald, says supporting migran…
 
Sub-Saharan Africa is on the front lines of climate change with extreme weather wreaking havoc on infrastructure and agricultural production. COVID-19 introduces yet another level of risk to the food chain. In this podcast, IMF economists Pritha Mitra and Seung Mo Choi say the increase in frequency and intensity of natural disasters is weighing dow…
 
The pandemic is crippling economies across the globe but for many countries, the economic shock will be magnified by the loss of remittances—money sent home by migrant and guest workers employed in foreign countries. Ralph Chami is an Assistant Director for the Institute for Capacity Development at the IMF. In this podcast, he says remittances are …
 
While rich and poor are equally vulnerable to the debilitating physical effects of the coronavirus, economist Jonathan Ostry says the economic and social impact of the pandemic is much less equal. Ostry is Deputy Director of the Asia and Pacific Department at the IMF and in this podcast, he says the poor and the working class bear the brunt of pand…
 
L'Afrique subsaharienne fait face à une crise sanitaire et économique sans précédent qui menace d'inverser une grande partie des progrès de développement qu'elle a réalisés ces dernières années. Les dernières perspectives économiques régionales montrent une contraction de 1,6% cette année, le pire résultat jamais enregistré. Papa N'Diaye est chef d…
 
Sub-Saharan Africa is facing an unprecedented health and economic crisis that threatens to reverse much of the development progress it's made in recent years. The latest Regional Economic Outlook shows the economy will contract by 1.6 percent this year; the worst reading on record. Papa N'Diaye is Head of Research in the IMF’s African Department th…
 
لم تسلم أي منطقة من الآثار الاقتصادية الناجمة عن جائحة فيروس كورونا. ويقول جهاد أزعور إن جائحة كوفيد-19 كان لها تأثير بالغ على منطقة الشرق الأوسط وآسيا الوسطى، نظرا لارتفاع مستوى الاعتماد على النفط والانتشار الواسع للعمل في القطاع غير الرسمي في كثير من بلدان المنطقة. ويرأس السيد أزعور "إدارة الشرق الأوسط وآسيا الوسطى" بصندوق النقد الدولي، وهي الإدا…
 
No region has been spared the economic devastation of the coronavirus pandemic. And with the high level of oil-dependency and informality of many countries in the Middle East and Central Asia, Jihad Azour says the economic impact of COVID-19 has been dramatic. Azour heads the IMF's Middle East and Central Asia Department, which has just published t…
 
As COVID-19 continues to wreak havoc on economies across the globe, economists are trying to figure out what the best path forward is for countries at different stages of the pandemic. Neil Ferguson and Azra Ghani are both professors of infectious disease epidemiology at Imperial College, London, and renowned for their mathematical modelling of the…
 
As the COVID-19 pandemic unfolds around the world, emergency government spending on things like health care and employment, as well as tax policy, are preserving lives and livelihoods. In this podcast, Vitor Gaspar, Director of the IMF’s Fiscal Affairs Department, says governments should do whatever it takes, but to keep the receipts. Gaspar overse…
 
Early in the year, financial markets were buoyed by a widespread sense of optimism on the back of supportive monetary policies, reduced trade tensions, and tentative signs of stabilization in the global economy. But COVID-19 changed all of that. Fabio Natalucci heads the team that produces the IMF's Global Financial Stability Report, the latest one…
 
In this podcast, IMF Managing Director, Kristalina Georgieva gives a preview of the World Economic Outlook to be released next week during the IMF's first-ever "virtual" Spring Meetings. In normal times, the IMF-World Bank Spring Meetings are preceded by a curtain-raiser speech delivered by the Managing Director at a crowded public venue full of ec…
 
Countries in sub-Saharan Africa are taking sweeping measures to halt the advance of Covid-19, imposing limits on public gatherings and the like. But for the region's most vulnerable, social distancing is not realistic. In this podcast, IMF African Department head Abebe Aemro Selassie, says anything that will help contain the spread of the virus, li…
 
The coronavirus pandemic is having a profound impact on lives and economies around the world. In this podcast, we hear IMF Managing Director Kristalina Georgieva's statement following her call with G20 Finance Ministers and Central Bank Governors, where they discussed the extraordinary circumstances of the health crisis and the extraordinary measur…
 
The coronavirus has wreaked havoc on just about every aspect of life around the world. The limited human contact required to contain the spread of the virus is hindering economic activity and in turn, putting enormous pressure on the global economy. Martin Mühleisen heads the IMF's Strategy, Policy, and Review Department, which looks at IMF policie…
 
It took more than 50,000 years for the world population to reach 1 billion people, but since 1960, we have added successive billions every one to two decades. The United Nations projects there will be 9 billion people on the planet by 2037. Demography is the study of life, death and everything we do in between. And throughout human history, we've s…
 
While the immigration debate tends to focus on culture, identity and potential economic benefits, Giovanni Peri says demographics are the Achilles' heel of the global North. Peri is Director of the Global Migration Center at the University of California, Davis, and in this podcast, he says immigration policies that allow larger numbers of immigrant…
 
Mitigating the effects of climate change takes a multifaceted approach with economic policy playing a pivotal role. In this podcast, we hear from two influential people at the very center of where economic and environmental policies meet. IMF Managing Director, Kristalina Georgieva and Lord Nicholas Stern, of the London School of Economics, discuss…
 
Bonds have been helping corporations and governments finance infrastructure and large-scale projects for hundreds of years. But the last decade has seen the emergence of green bonds, driven by increasing environmental awareness within the business community. In this podcast, founder and CEO of Rock Creek, Afsaneh Beschloss, says global asset manage…
 
South Africa is an important economy in sub-Saharan Africa and when growth is high the entire region benefits. But the latest review of South Africa's economy shows real GDP growth is estimated at about 0.4 percent in 2019 and projected to moderately rise to 1½ percent in the medium term: a level insufficient to raise per-capita income and reduce u…
 
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