SDcamps•演辩营全国英语演讲与辩论赛
Homi Kharas and Kristofer Hamel Wednesday, May 6, 2020 Chief Operating Officer – World Data Lab Using the methods described in the World Poverty Clock, we ask what will happen to the number of poor people in the world—those living in households with less than $1.90 per person per day in actual or imputed spending—given this new economic forecast. We take the dif...
The International Monetary Fund issued a report Tuesday on the current global economic outlook. The IMF is projecting global growth will contract by more than 4% this year. That’s slightly better than its June forecast, but still pretty grim. For now, the IMF said all countries, not just the U.S., should stop worrying about their debt and spend what is needed to keep their c...
Kristalina Georgieva says investing to create resilient economies is a ‘win-win-win-win’ scenario Kristalina Georgieva says there is a fourfold benefit from policies aiming to reverse global heating. Helping the most vulnerable people to cope with the climate crisis can boost the global economy during the Covid crisis and governments should make this a priority, the head o...
General Energy Subsidy Reform Facility: Generates Knowledge to Support Governments to Design and Implement Sustainable Energy Subsidy Reforms while Safeguarding the Welfare of the Poor (2020). This article provides a general overview of energy subsidies. It doesn’t really have any evidence. Ending Fossil Fuel Subsidies, Better Funding for Renewable (2021). This article argue...
General US Participation in the IMF: A Primer *Pro General economic growth The effects of IMF programs on poverty, income inequality and social expenditure in low income countries: an empirical analysis (2020) The Effect of IMF Programmes on Economic Growth in Low Income Countries: An Empirical Analysis (2017) IMF bailouts — roads to stability or recipes for disaster? Corona...
The International Monetary Fund this week delivered a somewhat surprising message. It warned Earth was on course for “potentially catastrophic” damage under climate change, and called for green investment and carbon prices to put the global economy on a stronger, more sustainable footing. Of course, the message itself makes a lot of sense. The surprising part is that the IMF...
The International Monetary Fund (IMF) logo outside their headquarters in Washington, D.C., the U.S., Sep. 4, 2018. (Reuters Photo) The leaders of the International Monetary Fund (IMF) and the World Bank on Friday vowed to step up efforts to combat climate change by looking more closely at climate-related financial stability risk and using other ...
The US and China are increasingly rivals on the world stage, competing over resources, policy and influence. One region where China has spent years establishing a foothold is Africa. Now the US is also keen to reassert itself after years of economic neglect. The US fired the latest salvo late last year when it pledged to provide at least US$14 billion in public and private a...
A clerk counts Chinese 100 yuan banknotes at a bank in Nantong, Jiangsu province. REUTERS/China Daily Financial news outlets have extensively covered the formation of the Asian Infrastructure Investment Bank (AIIB) in the past few weeks. If you’re not involved in the world of economics or finance, this is the sort of issue that understandably causes your eyes to glaz...
Ghana has, since independence in 1957, regularly turned to the IMF for financial assistance Shutterstock The relationship between Ghana and the International Monetary Fund (IMF) is, to many Ghanaians, a difficult one. Most Ghanaians are of the view that the country should divorce itself from the international body. A look at sentiments expressed in statements by form...
The entire global community is now facing the unprecedented triple crisis of a global health pandemic, economic recession and global financial meltdown – and the fates of rich and poor countries have never been so intertwined. Commodity prices are collapsing, international trade is slowing and many developing countries that were already in distress are on the edge of full-bl...
The International Monetary Fund (IMF) has been described as the lender of last resort for countries in financial distress. But the stiff medicine doled out by the fund is still subject to huge controversy. Following the ravages caused by World War II, the International Monetary Fund (IMF) was originally established to allow countries with payment deficits to borrow money ...
Almost all governments in the world joined the Paris agreement in 2015 in an effort to tackle climate change. In the same year, many of the same governments paid about US$400 billion in direct and indirect subsidies to help people buy fossil fuels. Subsidies are government policies which make energy cheaper than under normal market conditions. They mostly go towards fossil ...
The deep COVID-19 crisis has resulted in the largest decline in global energy demand over the past 70 years. In the first quarter of 2020, it decreased by 3.8 percent relative to the first quarter of 2019. As a result, global CO2 emissions in 2020 are expected to fall to an unprecedented level of 8 percent (around 2.6 gigatons) relative to 2019. This would mark the lowest le...
Benedict Clements, Stefania Fabrizio, Ian Parry 27 April 2013 Energy-subsidy reform is notoriously difficult. This column argues that the environmental and social payoff from a concerted worldwide effort to replace these subsidies with better targeted measures would be substantial. Subsidy reform is an especially attractive option for countries under pressure to bring publi...
Summary Investigating how lending programs of the International Monetary Fund (IMF) affect poverty and inequality, we explicitly address model uncertainty. We control for endogenous selection into IMF programs using data on 86 low- and middle income countries for the 1982–2009 period and analyze program effects on various poverty and inequality measures. The results rely on...
Analysis shows IMF advice to countries accessing Covid-19 emergency funds fails to systematically address climate risks and implicitly endorses fossil fuel subsidies IMF managing director Kristalina Georgieva participates in a briefing with civil society during the fund’s annual meeting. (Photo: IMF Photo/ Cory Hancock/Flickr) Campaigners are calling on the Internati...
Daniel J. Mitchell A couple of months ago, I thought I did something meaningful by sharing six separate examples of the International Monetary Fund pressuring sub-Saharan African nations to impose higher tax burdens. This was evidence, I suggested, that the IMF had a disturbing agenda of bigger government for the entire region. I didn’t imply the bureaucrats were motivated ...
Debt is an efficient tool. It ensures access to other peoples’ raw materials and infrastructure on the cheapest possible terms. Dozens of countries must compete for shrinking export markets and can export only a limited range of products because of Northern protectionism and their lack of cash to invest in diversification. Market saturation ensues, reducing exporters’ incom...
Over 80 per cent of the International Monetary Fund’s (IMF) Covid-19 loans recommend poor countries hit hard by the economic fallout from the pandemic adopt tough new austerity measures in the aftermath of the health crisis, Oxfam warned today. New research shows that since the pandemic was declared in March, 76 out of 91 IMF loans — 84 per cent – negotiate...