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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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Technological Innovation Must Power Economic Growth in Africa
Technology, science and innovation play a key role in the development of Africa, United Nations officials stressed today, calling on policymakers to redouble their efforts to support this field and form partnerships that harness its power. During a March 2013
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WTO: China’s Role in Global Economic Governance
By WTO Director-General Pascal Lamy Extracts from his Speech delivered at the China Development Forum in Beijing, 24 March 2013 Few could possibly disagree that China’s economic performance since 1979 has been miraculous. A poor and inward-looking economy with a
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Pinpointing the Value in CSR
By Thomas Lys, James Naughton and Clare Wang The Unexpected Link between CSR Spending and Financial Performance Proponents of corporate social responsibility (CSR) initiatives tend to justify their position by arguing that these expenditures improve a company’s economic performance―allowing it
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Financial Stability in the European Union: IMF Assessment
In its first ever European Union-wide assessment of the soundness and stability of the financial sector, the International Monetary Fund this month pointed to the need to step up regional efforts to manage financial crises and risks to keep the
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