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Finance & Development
December 1, 2001
Nsouli & Le Gall |
The New International Financial Architecture and Africa African countries have made progress on various elements of the new architecture, but more work is needed---in particular, to enhance transparency and accountability, implement standards and codes, and strengthen financial systems.   |
Finance & Development
December 1, 2001
G.E. Gondwe |
Making Globalization Work in Africa There is no doubt that economic growth rates in sub-Saharan Africa have lagged far behind those of other regions and that Africa is the region least integrated into the global economy. |
Finance & Development
December 1, 2000
Ernesto Hernandez-Cata |
Raising Growth and Investment in Sub-Saharan Africa: What Can Be Done? Sub-Saharan Africa must increase economic growth to reduce poverty and improve living standards. This article discusses some obstacles to growth in the region, as well as some policy actions that would improve its prospects. |
Finance & Development
December 1, 2001
Evangelos A. Calamitsis |
The Need for Stronger Domestic Policies and International Support Globalization is a powerful engine of world prosperity, and it is certainly here to stay. Income disparities remain large. The basic issue is what policies and reforms are most likely to bring about sustainable economic growth for the benefit of all the peoples of the world. |
Finance & Development
December 1, 2000
Masood Ahmed & Hugh Bredenkamp |
Supporting Poverty Reduction in Low-Income Developing Countries: The International Community's Response Despite developing countries' improved economic growth rates during the 1990s, poverty has remained firmly entrenched. How can developing countries, international financial institutions, and developed countries work together more effectively to reduce the incidence of poverty? |
Finance & Development
December 1, 2001
Ahmed, Lane & Schulze-Ghattas |
Refocusing IMF Conditionality Shortly after he assumed office as Managing Director of the IMF in May 2000, Horst Kohler launched a reform of the conditionality associated with its lending. What lies behind this change in approach, and what prospects does it have for strengthening implementation of reforms in the IMF's member countries? |
Finance & Development
June 1, 2001 |
Bulletin IMFC Meeting Endorses IMF Crisis Prevention Efforts... IMF in the process of change... The IMF's Role in Poverty Reduction... IMF Acts to Streamline and Focus Conditionality... |
Finance & Development
September 2008
Masood Ahmed |
The Next Frontier Low-income countries gain ground in a globalized world, but they still face major challenges. |
Finance & Development
December 1, 2001
Mohamed Daouas |
Africa Faces Challenges of Globalization |
Finance & Development
December 1, 2006
Bio-Tchane & Christensen |
Right Time for Africa Africa needs to build on its recent success to catch up. A forward-looking reform agenda should aim to maintain macroeconomic stability, improve the business climate, promote trade, and, most important, strengthen fiscal institutions. |
Finance & Development
December 1, 2001 |
Bulletin Kohler Calls For Coordinated International Response in Wake of September 11 Attacks... IMF Releases Reduced World Economic Outlook Projections... External Financing for IMF Technical Assistance... |
Finance & Development
June 1, 2002
Mohsin S. Khan & Sunil Sharma |
Reconciling Conditionality and Country Ownership For the international community, one of the biggest challenges is how to reconcile the need for more country ownership of adjustment and reform programs with the need for conditions on IMF loans. |
Finance & Development
December 1, 2001
Robert Sharer |
An Agenda for Trade, Investment, and Regional Integration The importance of enhancing sub-Saharan Africa's trade performance, which was very weak in the 1980s and 1990s, cannot be overemphasized. |
Finance & Development
December 1, 2006
Ambroise Fayolle |
Out of the Trap Given that fragile states face urgent and specific needs, the framework created by donors to support them is both too slow and not comprehensive enough. Closer coordination between all actors, including the IMF, should be a priority in fragile states. |
Finance & Development
December 1, 2000 |
Bulletin Pressing Issues of Globalization and Poverty Reduction Are Focus of 2000 IMF--World Bank Annual Meetings... Horst Kohler's Vision for the IMF... Research at the IMF... |
Finance & Development
December 1, 2001
Sergio Pereira Leite |
Human Rights and the IMF Human rights and macroeconomic stability are far from incompatible. Rather, they both play crucial roles in the fight against poverty. By supporting sound economic policies and encouraging constructive dialogue within civil society, the IMF contributes to human rights. |
Finance & Development
December 1, 2001
Seyni N'Diaye |
The Role of Institutional Reforms ...It is precisely from this restrictive regulatory framework that African countries must extricate themselves if they are to realize their true potential in the global economy... |
Finance & Development
December 1, 2007
Bio-Tchane & Yehoue |
Africa's Missing Ingredients How international economic aid can be better directed to entrench development in sub-Saharan Africa. |
Finance & Development
March 1, 2002
Haizhou Huang & S. Kal Wajid |
Financial Stability in the World of Global Finance To reduce their vulnerability to national and international financial crises, countries must address the weaknesses in their financial systems... |
Finance & Development
June 1, 2002 |
In brief Johannesburg summit 2002... Technical assistance for Africa... East Timor to join IMF... |
Finance & Development
September 1, 2000
Roger Nord |
Central and Eastern Europe and the New Financial Architecture As the Central and Eastern European countries prepare to join the European Union, they are participating in worldwide efforts to strengthen the global economy... |
Finance & Development
March 1, 2002
James M. Boughton |
Globalization and the Silent Revolution of the 1980s During the 1980s, the economic policymakers of many countries underwent a dramatic change in thinking. How beneficial has this 'silent revolution' been, and what can policymakers and the international community do now to broaden and secure the gains it has brought? |
Finance & Development
September 1, 2007
Cottarelli & Mateos y Lago |
Helping the Global Economy Stay in Shape The IMF adopts a new framework for monitoring countries' economic performance. |
Finance & Development
December 1, 2006
Christensen et al. |
Bankable Assets Africa faces many obstacles in developing financial systems. New markets and institutions need to be able to flourish. |
Finance & Development
December 1, 2000
Caroline M. Robb |
How the Poor Can Have a Voice in Government Policy Development thinking has changed significantly in recent years. Policymakers have recognized the ability of the poor to make a valuable contribution to the analysis of poverty and are consulting them directly. This new participatory approach has resulted in a broader definition of poverty and better-informed public policies that are more responsive to the needs of the poor. |
Finance & Development
June 1, 2000
Tomas J.T. Balino & Angel Ubide |
The New World of Banking Four trends are fundamentally altering the financial world: consolidation of institutions, globalization of operations, development of new technologies, and universalization of banking. Each of these poses challenges for the effective supervision and regulation of the financial sector.... |
Finance & Development
December 1, 2007
Boughton & Bradford |
Global Governance: New Players, New Rules The financial turbulence of 2007 illustrates -- not for the first time -- both the benefits and the risks of financial globalization. Here's why the 20th-century model needs a makeover. |
Finance & Development
September 2010
Adelheid Burgi-Schmelz |
Finding New Data The global crisis revealed vast gaps in international financial statistics that authorities are working to fill. |
Finance & Development
June 2009
Donald Kaberuka |
Straight Talk: Start This Engine Africa's policymakers should prepare for global recovery by priming their private sectors. |
Finance & Development
March 1, 2000
James M. Boughton |
Michel Camdessus at the IMF: A Retrospective It may be some years until a definitive assessment of Michel Camdessus's unprecedented 13 years as Managing Director can be made. In this article, the IMF's Historian provides a preliminary evaluation. |
Finance & Development
March 2008
Wang & Bio-Tchane |
Africa's Burgeoning Ties with China Africa and China have been trading partners for centuries. But in recent years, the level and intensity of their relationship have increased dramatically. |
Finance & Development
March 1, 2001
Flemming Larsen |
The IMF's Dialogue with Nongovernmental Organizations The IMF is responding to questions about its role in today's world economy by reaching out to civil society at large and to nongovernmental organizations (NGOs) in particular... |
Finance & Development
June 1, 2006
Burton et al. |
Asia's Winds of Change The path that Asian countries have traveled to growth and prosperity in the past 50 years will remain relevant for the future -- the embrace of openness, the commitment to macroeconomic stability, and the drive to adapt and reform in response to changing circumstances. |
Finance & Development
March 2009
Amar Bhattacharya |
A Tangled Web Everyone agrees on reforming the governance of financial markets, but who will do what remains unclear. |
Finance & Development
June 1, 2002
Sanjeev Gupta |
Is the PRGF Living Up to Expectations? When the IMF launched the Poverty Reduction and Growth Facility (PRGF) in 1999, it envisaged some far-reaching changes in its operations. But is this new facility living up to expectations? |
Finance & Development
September 1, 2000
Paul Hilbers, Russell Krueger, & Marina Moretti |
New Tools for Assessing Financial System Soundness Macroprudential indicators--defined broadly as indicators of the health and stability of the financial system--can help countries assess their banking systems' vulnerability to crisis. In recent years, an increasing amount of work has been done on such indicators... |
Finance & Development
June 2009
John Lipsky |
Preparing for a Postcrisis World Assessing the IMF's role in the future international financial architecture |
Finance & Development
December 1, 2002
Goldsbrough et al. |
Prolonged Use of IMF Loans How much of a problem is it? |
Finance & Development
March 1, 2000
Claudio M. Loser & Martine Guerguil |
The Long Road to Financial Stability Most countries in Latin America and the Caribbean weathered the economic crises of the late 1990s better than expected, thanks to the policy reforms of the past two decades. Further reform is urgently needed, however, to put the region on a faster growth path and reduce its vulnerability to external shocks. |
Finance & Development
September 2008
Gupta & Tareq |
Mobilizing Revenue Strengthening domestic revenue bases is key to creating fiscal space for Africa's developmental needs |
Finance & Development
September 1, 2005
Andrews et al. |
Ethiopia: Scaling Up Assessing the impact of a dramatic increase in aid on one of Africa's poorest countries. |
Finance & Development
December 1, 2000
Nora Lustig & Nicholas Stern |
Broadening the Agenda for Poverty Reduction: Opportunity, Empowerment, Security Experience from the 1990s has led to a poverty reduction agenda that, in addition to promoting economic growth, addresses ingrained inequalities, institutional failures, social barriers, and other risks. |
Finance & Development
September 1, 2005
Berg & Qureshi |
The MDGs: Building Momentum A big push on aid is not the sole answer. International development policy needs to move beyond aid and aim for actions that, together with stronger reforms in developing countries, cohere into a broader big push. |
Finance & Development
December 1, 2001
S. Ibi Ajayi |
What Africa Needs to Do to Benefit from Globalization |
Finance & Development
December 2011
Calestous Juma |
Africa's New Engine As Africa's middle class grows, policymakers should place a premium on regional economic integration and the associated investment in infrastructure, technical training, and support of entrepreneurs. |
Finance & Development
September 2009 |
Book Reviews Books of economic interest: Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa, by Dambisa Moyo... Successes of the International Monetary Fund: Untold Stories of Cooperation at Work, by Michael A. Clemens... more... |
Finance & Development
December 1, 2001
Paul Chabrier |
Growth Strategy for North Africa: A Regional Approach Independent business surveys show that private investors generally feel that the business environment in the region has many serious problems, such as excessive red tape and weak domestic institutions---particularly the legal and judicial systems. |
Finance & Development
September 1, 2002
Aninat et al. |
Combating Money Laundering and the Financing of Terrorism Money laundering and terrorist financing can threaten financial stability and economic prosperity, adding to the gravity of the underlying crimes. The IMF, working closely with the global community, is stepping up its efforts to fight these abuses. |
Finance & Development
March 1, 2001
Luis M. Valdivieso & Alejandro Lopez-Mejia |
East Timor: Macroeconomic Management on the Road to Independence With strong support from the international community, East Timor is reconstructing its economy and making the transition to managing it independently... |
Finance & Development
December 1, 2006
Gupta & Yang |
Unblocking Trade To underpin growth, Africa needs to adopt a comprehensive approach to boosting trade. Only by adopting a holistic approach can African economies succeed. |
