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The good, the bad, and the ugly imbalances

Hans Timmer's picture

In a recent IMF Staff position note Olivier Blanchard and Gian Maria Milesi-Ferretti provide a useful classification of current account imbalances. They argue that deficits and surpluses on current accounts are "good" if they reflect optimal allocation of capital across time and space. That is the case, for example, when savings ratios differ across countries because of different ageing profiles or when investment ratios differ because of different productivity trends.

InterAction's Sam Worthington chats about the World Bank and civil society

Sameer Vasta's picture

This morning I had the chance to chat with Sam Worthington, the President and CEO of InterAction, who is attending the Civil Society Forum here in Istanbul. Sam took some time between the sessions of the CSO Forum to tell me a little about InterAction, the work that they are doing with the World Bank, and what he hopes to come out of the Annual Meetings in Turkey this year.

You can watch the entire 5-minute chat below:

 

 

World Bank Provides Four Loans Worth Over $4.3 Billion to India

Joe Qian's picture

The World Bank approved four loans worth $4.345 billion dollars yesterday, which is the second largest volume of lending to a single country in a year.

The goal of the four projects is to contribute to improving India's infrastructure and help bolster the country's response to the global economic and financial crisis and lay the foundations for stronger growth in the future.

The financial package consists of:

-Banking Sector Support: $2 billion
-Support for India Infrastructure Finance Company Limited: $1.195 billion
-The Fifth Power Sector Support Project: $1 billion
-The Andhra Pradesh Rural Water Supply and Sanitation Project: $150 million

For more information and to watch an interview with India's Country Director Roberto Zagha, please check out the feature story.


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