With the world economy reeling from the fallout from the Covid-19 pandemic, nations must do all they can to promote a recovery that also fights against the climate-change crisis, International Monetary Fund Managing Director Kristalina Georgieva said.

Corruption is one of the greatest obstacles to economic development. It deprives nations of income to invest into public services, with adverse implications for education, health, well-being, and prosperity. The Global Economic Forumestimatesthat corruption costs the public coffers US$2.6 trillion a

The International Monetary Fund (IMF) provides financial assistance to countries in economic trouble. But its policy proposals don’t always yield positive results for the countries it purports to help. For instance, critics havearguedthat the IMF inhibits government spending on public health and div

“I hope people will listen now”said Christine Lagarde, the managing director of the International Monetary Fund (IMF), at theWorld Economic Forum in Davoslast month. Lagarde was alluding to the wave of reactionary populism that’s currently sweeping the developed economies, and was harking back to h

Two men sit at the roadside in the hope of being offered work. South Africa’s unemployment is moving towards 30%. &nbsp The view that South Africa should look towards the International Monetary Fund (IMF) to be rescued from the unfolding economic meltdown seems to begrowing by the day. It has been

To stem theeconomic fallout from COVID-19, developed countries have injected an unprecedentedUS$9 trillion into their economies. The International Monetary Fundhas recommended sustained fiscal support, emphasizing greater spending onhealth care and environmental protection projects. Meanwhile, cou

The IMF headquarters in Washington DC.Shutterstock The International Monetary Fund (IMF) has become increasingly infatuated by the negativeconsequencesof excessiveinequality. This new-found mission is laudable, but neglects the manifold ways its own policy advice contributed to growing income inequ

The vast majority ofInternational Monetary Fundloans extended during the Covid-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam says. Seventy-six of the fund’s 91 loans since March have sought belt tightening, according to Oxfam. The

Mark Weisbrot The fund’s loan agreement with Ecuador will worsen unemployment and poverty Ecuadorian police arrest a protestor during a demonstration against president Lenin Moreno’s austerity measures. When people think of the damage that wealthy countries – typically led by the US and its allie

The International Monetary Fund issued areport 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 thanits June forecast, but still pretty grim. For now, the IMF said all countries, not just the U.S., s

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 du

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

A clerk counts Chinese 100 yuan banknotes at a bank in Nantong, Jiangsu province.REUTERS/China Daily &nbsp 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 fin

Ghana has, since independence in 1957, regularly turned to the IMF for financial assistanceShutterstock &nbsp 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 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 origi

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

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 declare

&nbsp The International Monetary Fund (IMF) meetings over the past week saw continued focus on the climate crisis. The fund has previously discussed financial sector-focused solutions, putting out papers earlier this year mapping global‘dirty energy’ subsidiesand examiningfiscal policiesto deliver

The IMF will have a critical role to play in the recovery from the economic and health crises brought about by the COVID-19 pandemic. Its immediate role is to give countries the financial support they need to survive the crisis and minimize the short-term economic impact of the slowdown in global ec

COVID-19 has resulted in a spike in unemployment across the world. Image: REUTERS/Lucy Nicholson IMF research shows that the inequality gap between rich and poor has widened after previous epidemics - and COVID-19 will be no different. The IMF says policymakers must put in place risk-sharing

The world's lender of last resort updates its forecasts for the UK economy as it warns the pandemic will exacerbate world poverty. Image:The IMF says women in developing economies will be among those most at risk from coronavirus hardship More than 90 million people could be forced into "extreme d

Oscar Williams-Grut A daily wage laborer worker at a construction site in Uttar Pradesh, north India. The IMF said day labourers will be particularly vulnerable to falling into extreme poverty. Photo: Rajesh Kumar Singh/AP The COVID-19 pandemic could reverse 30 years of progress made fighting glob

Abstract Using an LIC-specific participation model, we adopt a propensity score matching (PSM) methodology to compare economic growth performance in countries with and without IMF programmes over the period 1989–2008. Concessional programmes are found to have had a generally positive effect on econ

Gordon Gray, Thomas Wade Executive Summary The International Monetary Fund (IMF) was created in the wake of the Great Depression to promote stability in global financial markets. Nearly all countries are members of the IMF, but the United States is the largest cumulative contributor to the IM

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