A small country can make a big difference. Here is how Finland is using innovation to fight climate change. bit.ly/3tw6Kcu #FandD
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Breaking news and alerts from the International Monetary Fund.
IMF’s Tweets
🇺🇦 authorities and IMF mission have reached an agreement on a 4-month economic program. The program seeks to boost tax revenues, mobilize domestic financing, and support long-term financial sector stability. It will also help catalyze external financing:
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IMF staff have completed the 2022 review of China’s 🇨🇳 economy. Following the recovery from the pandemic, China’s growth has slowed and remains under pressure. Staff project GDP growth at 3.2% for 2022 and 4.4% for 2023 and 2024.
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The Inflation Reduction Act must spur the right mix of competition and cooperation or it could hinder the clean-energy transition, Columbia’s Jason Bordoff writes in F&D magazine. bit.ly/3EOxYBd
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High-frequency economic indicators show that the slowdown in global growth is increasingly evident. See our latest Chart of the Week blog for a snapshot of the data and factors at play. bit.ly/3g7WlkH
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The number of borrowers remained broadly stable for both men and women during the pandemic albeit cross-country variations. For more details, check out our 2022 Financial Access Survey Trends and Developments. data.imf.org/FAS
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ICYMI: Our 10th #StatsForum highlighted a number of essential conversations around measuring the tangible benefits of intangible capital like blockchain, data, or AI. Watch the replays and check out the research here: imf.org/StatsForum
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US officials must ensure the Inflation Reduction Act sparks a virtuous cycle of competition rather than a vicious cycle of protectionism, Columbia’s writes in F&D magazine. bit.ly/3EOxYBd
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The collapse of crypto exchange FTX is prompting calls for greater regulation of the crypto industry. Here’s what countries in sub-Saharan Africa are doing. bit.ly/3UZPQQ6 #IMFBlog
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The IMF Executive Board has approved $88.3 million in emergency financing to help Malawi address urgent needs during the ongoing global food crisis. This will help bring relief to the economy and food-insecure population.
PR: bit.ly/3UZItbo
FAQ: bit.ly/3gsaoBW
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📅 SAVE THE DATE: November 30 at 9:30 AM ET for the 8th Richard Goode Lecture on innovation, experimentation, & economics by Professor Kremer , followed by a discussion w/
Send questions before and during the event to FADRG@imf.org
bit.ly/3tEEuoM
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While monetary policy can help subdue inflation, fiscal policy can put the economy on a sounder long-term footing through investment in infrastructure, education, and health care. bit.ly/3gqGApk #IMFBlog
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IMF staff have concluded their annual assessment of 🇫🇷France's economy. Read the preliminary findings here:
bit.ly/3OnU3uu
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IMF staff have concluded their annual assessment of 🇳🇬Nigeria's economy. Read the preliminary findings here:
bit.ly/3AugJn1
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Fiscal policy can ease the task of monetary policy to reduce inflation and mitigate risks to financial stability. See our latest blog for more on how fiscal policy can help tame inflation. bit.ly/3gqGApk
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Dominica is determined to become the first climate-resilient country by 2030 and is investing heavily to “disaster-proof” its buildings and infrastructure. Learn more in F&D. bit.ly/3tw6Kcu
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In sub-Saharan Africa, the prices of key staples such as maize and wheat have increased since 2019, contributing two-thirds of overall inflation in fragile states and one-half elsewhere in the region. Read our blog. bit.ly/3DdsfVT
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Nearly all 32 countries in the Middle East and Central Asia region have pledged to contain greenhouse gas emissions. A new #IMFblog assesses countries’ fiscal policy options to meet them. bit.ly/3T9IWGv
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Oceans of Grain, a new history of how wheat feeds the world, is a timely, readable, and forceful argument that grain plays a key role in the rise and fall of empires. Read the review in F&D. bit.ly/3yShAxt
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Can crypto deliver the claimed benefits without putting us at risk? Listen to on .
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Congratulations dear for your election to lead the premier development institution for Latin America & the Caribbean! All of us wish you and success in fostering sustainable, inclusive & resilient growth in the region.
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Costa Rica is the 1st country to receive financing under the IMF's new Resilience and Sustainability Facility. The support will have a positive impact on efforts to fight climate change, says Finance Minister Nogui Acosta Jaén in a Country Focus interview. bit.ly/3XdQfju
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Crypto assets might be used to circumvent capital flow management measures. New IMF research calls for comprehensive and coordinated global regulation in this area. bit.ly/38gRjP2
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IMF's Karla Vasquez and Kika Alex-Okoh analyzed various legal frameworks on debt transparency in 65 countries across 5 continents. This is what they found: bit.ly/3LG43xg
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In the current energy crisis, the urge by countries to create alliances with some and alienate others may lead to a fragmented energy market that is less secure for everybody, says 's Samantha Gross in an F&D interview. bit.ly/3TAbbPG
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Global crypto regulation would bring order to markets and provide a safe space for useful innovation to continue, the IMF's Aditya Narain and Marina Moretti write in an article for F&D. bit.ly/3efuFcx
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Liquidity is a measure of how well financial markets work, and it has been worsening across different classes of assets like stocks or bonds, but others as well, amid high uncertainty about the economy and monetary policy. bit.ly/3zlfbvd #IMFBlog
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The global energy crisis underscores the need for a massive surge in clean energy investment, writes in F&D. bit.ly/3Ujw2qQ
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G20 economies are seeing a steady worsening of purchasing manager indices, the survey-based gauges tracking the momentum of manufacturing and services activity. bit.ly/3g7WlkH
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The pandemic has deepened long-standing inequalities between women and men. The IMF is weaving in the impact of economic policies on women’s lives in its analysis and advice for countries. Read the 2022 #IMFAnnualReport bit.ly/3DD7ZgF
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What’s the difference between inflation in the US and Europe? Listen to Chief Economist Philip Lane in the latest . bit.ly/3TIS2KE
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Sub-Saharan Africa is witnessing a rapid development of digital currencies. For example, $698 billion in mobile money transactions took place in 2021. Countries are also exploring central bank digital currencies, and crypto assets are growing. bit.ly/3rWOwkf
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Barbados is among the first countries to request financing from the IMF's Resilience and Sustainability Trust for affordable, long-term financing to help the Caribbean nation build resilience to climate change.
Learn more: bit.ly/3SN0HvE
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High-frequency economic indicators show that the slowdown in global growth is increasingly evident. See our latest Chart of the Week blog for a snapshot of the data and factors at play. bit.ly/3g7WlkH
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Our interactive Chart of the Week blog features a visualization of how economic momentum is evolving around the world, collecting forecasts from the latest World Economic Outlook. bit.ly/3gjRTiJ
GIF
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“The most vulnerable groups have to be supported, but the way to reconcile supporting those groups with maintaining prudent public finances is to make sure fiscal measures are targeted and temporary.” Chief Economist Philip Lane
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I was pleased and honored to deliver a speech to APEC leaders at #APEC2022Thailand on the theme of “Overcoming Fragmentation: Stay Open, Connected and Balanced”. Read my remarks here:
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Delighted to meet w 🇹🇭PM Prayut Chan-ocha. I thanked him for the warm hospitality and excellent leadership of #APEC2022THAILAND. Exchanged views on global challenges and how best to secure strong and climate-friendly growth.
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