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International Monetary Fund

Building an #EndPovertyMosaic – Together

Mario Trubiano's picture
© World Bank


Every October, the World Bank Group and International Monetary Fund (IMF) come together for our joint Annual Meetings. There, thousands of delegates from around the globe convene to discuss the world’s most pressing challenges in the quest to End Poverty.

These discussions, covering dozens of sectors in every region of the world, offer many innovative solutions that affect millions – if not billions – of people globally. Looking back, all the small gains from many initiatives from 1990 to 2013 led to a reduction of global extreme poverty of more than one billion people.

Can debt managers save the world?

M. Coskun Cangoz's picture
© Thinkstock
© Thinkstock

It was ten years ago, right before the global crisis when Lehman Brothers had not collapsed, and Fannie Mae and Freddie Mac had not been placed into conservatorship. For debt managers, the markets were less volatile and the future was less uncertain. In Turkey we were dealing with the implementation of the post-crisis reform agenda.
 
One day, I got an invitation from my son’s eighth-grade teacher to speak at the school’s “careers day” which aims educate children on different types of jobs.  I accepted the invitation but I was a little worried because, as a debt manager I have a “different type of job” that was not necessarily an “exciting” one.

The path to carbon pricing

Jim Yong Kim's picture
Iron and Steel giant ISKOR's Vanderbijl Park refinery. © John Hogg/World Bank


In just six weeks, world leaders will meet in Paris to negotiate a new global climate-change agreement. To date, 150 countries have submitted plans detailing how they will move their economies along a more resilient low-carbon trajectory. These plans represent the first generation of investments to be made in order to build a competitive future without the dangerous levels of carbon-dioxide emissions that are now driving global warming.

The transition to a cleaner future will require both government action and the right incentives for the private sector. At the center should be a strong public policy that puts a price on carbon pollution. Placing a higher price on carbon-based fuels, electricity, and industrial activities will create incentives for the use of cleaner fuels, save energy, and promote a shift to greener investments. Measures such as carbon taxes and fees, emissions-trading programs and other pricing mechanisms, and removal of inefficient subsidies can give businesses and households the certainty and predictability they need to make long-term investments in climate-smart development.

Weekly wire: The global forum

Roxanne Bauer's picture
World of NewsThese are some of the views and reports relevant to our readers that caught our attention this week.
 

Beyond Propaganda: How authoritarian regimes are learning to engineer human souls in the age of Facebook.
Foreign Policy
Pity the poor propagandist! Back in the 20th century, it was a lot easier to control an authoritarian country’s hearts and minds. All domestic media could be directed out of a government office. Foreign media could be jammed. Borders were sealed, and your population couldn’t witness the successes of a rival system. You had a clear narrative with at least a theoretically enticing vision of social justice or national superiority, one strong enough to fend off the seductions of liberal democracy and capitalism. Anyone who disagreed could be isolated, silenced, and suppressed.  Those were the halcyon days of what the Chinese call “thought work” — and Soviets called the “engineering of human souls.” And until recently, it seemed as if they were gone forever. Today’s smart phones and laptops mean any citizen can be their own little media center. Borders are more open.

Causes and Consequences of Income Inequality: A Global Perspective
International Monetary Fund
Widening income inequality is the defining challenge of our time. In advanced economies, the gap between the rich and poor is at its highest level in decades. Inequality trends have been more mixed in emerging markets and developing countries (EMDCs), with some countries experiencing declining inequality, but pervasive inequities in access to education, health care, and finance remain. Not surprisingly then, the extent of inequality, its drivers, and what to do about it have become some of the most hotly debated issues by policymakers and researchers alike.