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Otaviano Canuto, World Bank Group: Fiscal Policy Redux
As part of their response to negative shocks coming from advanced economies after the Lehman Brothers’ collapse in 2008, most developing countries resorted to countercyclical fiscal policy. Such a policy choice was available to many developing economies that entered the
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Nigeria’s Economy Grows by 6.6%
At a time when Europe’s growth is stalling and in recession, Nigeria’s economic output is continuing to motor away. However, this growth comes at the cost of inflation which is also running high at 9% per annum and for food even higher
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IMF: Anything that Works to Create Jobs
A broad mix of policies is needed to help put the global economy on a sustained and balanced growth path, the IMF said as it wrapped up the 2013 Spring Meetings against a backdrop of an uneven global recovery. In
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UN Expects Subdued Asia-Pacific Growth in 2013
Growth in Asia-Pacific remains subdued due to the impact of persistent weaknesses and uncertainties in the developed economies, the United Nations reported last week, urging Governments to implement macroeconomic policies that focus more on inclusivity and sustainable development. The report,
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IMF on Global Financial Security: Old Risks, New Risks
The global financial system is far more stable than it was six months ago, but a number of challenges remain. The International Monetary Fund’s latest Global Financial Stability Report says that recent rallies in financial markets will not be sustained,
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IMF Mission to Egypt: Improvement in Targeting of Energy Subsidies
A staff mission from the International Monetary Fund visited Cairo during April 2-15. At the conclusion, Andreas Bauer, Mission Chief for Egypt, issued the following statement: “The mission made progress in the discussions with the Egyptian authorities on their economic
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Dairy Price Surge Hits UN Food Price Index
A sharp surge in the price of dairy products pushed the overall costs of food one percentage point higher in March, the United Nations reported today, while world wheat production remained on track to reach its second highest level ever,
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Millenium Goals: Ban Ki-Moon Calls our Hero Malala Yousafzai
The United Nations on April 5th called for accelerated action in the next 1,000 days from governments, international organizations and civil society groups to reach the eight anti-poverty targets known as the Millennium Development Goals (MDGs) by their deadline at
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The IMF on Low Income Country Bounce Backs
Low-income countries have bounced back in the past two decades. Analysis in the International Monetary Fund’s latest World Economic Outlook (WEO) suggests that dynamic low-income countries are on a stronger economic footing today than before the 1990s, and therefore better
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UN: Education and Youth Unemployment Issues Must be Addressed Now
The process of establishing a post-2015 development agenda must include youth input and participation to reflect the issues that concern them, UN Secretary-General Ban Ki-moon’s Envoy on Youth stressed in late March. “We are at a crossroads. With 1,000 days
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