A conversation on the future of taxation in an increasingly digitalized world and the reforms countries need to meet the challenges with Kristalina Georgieva, Emma Agyemang, Vitor Gaspar, Masatsugu Asakawa, Febrio Kacaribu, Alan Lee, and Chia-Tern Huey Min.

After 2017’s Hurricane Maria, the small island state of Dominica knew it needed to make a change. Still reeling from $1.2 billion in damage (226 percent of the country’s annual GDP), politicians created a new agency, The Climate Resilience Execution Agency for Dominica (CREAD). CREAD worked with the IMF and other partners to create a strategy that priced out all of the infrastructure, insurance, and social resilience needed to make the country the first in the world to become fully “climate resilient.” Since then, the country has moved forward admirably with new construction projects, but requires additional external financing from the international community to reach its goals.

Read more about Dominica’s Disaster Resilience Strategy:

While many countries pursue business-as-usual, Finland is helping solve the climate crisis through innovation. With 65 percent of its land covered by forests, Finland has wood in abundance. Cutting-edge Finnish companies are inventing new ways to use wood, from the production of clothing to multi-story buildings, and packaging for the global Internet economy. Products are easy to recycle, biodegradable and hypoallergenic, and CO2 can remain stored in cut wood for decades and even centuries. And with policies that require four trees to be planted for every tree harvested, Finland’s forests are growing.

Read more here:
https://www.imf.org/external/pubs/ft/fandd/2021/09/finland-dominica-innovation-climate-change-dorst.htm

Speakers:
Mikko Hautala
Ambassador of Finland to the United States

IMF Managing Director Kristalina Georgieva joins Guy Cormier for a fireside chat about the recovery during the Conference of Montreal, held by the International Economic Forum of the Americas.

The IMF’s First Deputy Managing Director, Geoffrey Okamoto, joins three young innovators for a panel discussion celebrating innovation on #InternationalYouthDay. This event is cohosted by the IMF’s Young Professionals Group and the World Bank Group’s Youth-to-Youth Community.

#YouthDay
imf.org/Youth

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Learn more about Special Drawing Rights in this short video.

Read more here: https://bit.ly/3iin1gU

What impact has the COVID-19 pandemic had on global current account balances? Find out in this new short IMF video.

Read the report here: http://www.IMF.org/ESR

Join us on June 28 at 9:30 AM ET for the 2021 Michel Camdessus Central Banking Lecture. This year’s lecture will be delivered by Alejandro Díaz de León, Governor of Banco de México, followed by a one-on-one conversation with IMF Managing Director Kristalina Georgieva.

The annual lecture series highlights the IMF’s commitment to collaboration with member countries’ central banks and provides a forum to discuss topical issues in central banking.

The US economy is projected to grow at 7% in 2021, the fastest growth since 1984. This growth is driven by the American Jobs Plan and American Families plan that will provide much-needed support to those who were hit the hardest by the pandemic.

Learn more about the IMF’s US Article IV consultation: https://bit.ly/3hwl5jd

Managing Director Kristalina Georgieva discusses global policies to achieve net-zero carbon emissions by 2050.

IMF Chief Economist Gita Gopinath, Petya Koeva Brooks, and Malhar Nabar present the latest update to our forecast for the global economy. July 27, at 9:00 AM ET.

The Bahamas is the first country in the world to debut a central bank digital currency – the Sand Dollar – which helps connect the 700 islands across its territory. Countries around the world now look to the Bahamas for lessons as they explore issue their own digital currency to unlock the benefits of financial inclusion while carefully managing the risks.

Join this conversation between Central Bank Governor John Rolle and IMF Managing Director Kristalina Georgieva moderated by CNN’s Julia Chatterley as they explore fundamental questions about the future of money.

Kristalina Georgieva and Odile Renaud-Basso discuss lessons learned from the past and the priorities for a smarter, greener, and inclusive future for all.

A press conference on the current state of the #UnitedStates economy and challenges ahead with the IMF’s Kristalina Georgieva, Gerry Rice, and Nigel Chalk.

Join IMF Managing Director Kristalina Georgieva and ILO Director General Guy Ryder for a virtual conversation about recent developments in the informal economy on Friday, July 23 at 09:00 a.m. (ET). More than 60 percent of the world’s adult labor force, or about 2 billion workers, operate in the informal economy. The COVID-19 pandemic has hit informal workers and firms hard, particularly in developing countries where large segments of the population are not covered by existing social protection schemes and to give them improved access to opportunities and better working conditions has become an even more urgent priority.

Nozipho Tshabalala, CEO of The Conversation Strategists, will moderate the conversation, which will cover questions related to the informal economy, including:

► What

For many years, multinational companies have been shifting profits to countries where tax rates are low. In response, countries have been undercutting each other’s tax rates in a ‘race to the bottom’ on corporate tax rates to attract those profits. It has reduced their ability to fund necessary public investments. The IMF backs a plan put forward by the biggest countries to set a global corporate minimum tax, leveling the playing field and raising revenues available.

Book available here: http://ow.ly/CI0T50FhdtJ

The IMF is working with Kenya to support the next phase of Kenya’s COVID-19 response, address the urgent need to maintain sustainable debt levels, and improve governance.

In this video, IMF Mission Chief Mary Goodman provides an update on progress made in the first three months and how the IMF is supporting the anti-corruption agenda.

Press Release: http://www.imf.org/en/News/Articles/2021/06/23/pr21195-kenya-imf-executive-board-completes-first-reviews-extended-arrangement-eff-ecf-arrangements
FAQ: https://www.imf.org/en/Countries/KEN/kenya-qandas

Learn how an international carbon price floor among large emitters can help achieve the goal of accelerating the transition to low carbon growth over the course of this decade.

Read the proposal by IMF staff: http://ow.ly/tVDb50FdEMT
Blog: http://ow.ly/pcPo50FdEQG

The impact of forest fires, storms and floods is increasing as temperatures rise, impacting countries that do not contribute significantly to global emissions.

Tune in to the discussion with Kristalina Georgieva, Barbados Prime Minister Mia Amor Mottley, Minister of Economy and Finance of Madagascar Richard Randriamandrato, and Bloomberg Television’s Haslinda Amin.

🗓 June 16
🕙 9 AM ET
📺 IMF.org/live

Achieving inclusive growth—that is, strong and sustainable economic growth whose benefits are widely shared—is the key policy challenge of our day and thus a fundamental pillar of the IMF’s policy focus in the years ahead. Inequality has been rising in many countries, and large income disparities persist across regions, genders, ethnicities, and generations. The COVID-19 pandemic and economic and financial crises have further exposed these vulnerabilities, while longer-term trends, such as climate change and job-displacing technologies, if left unaddressed, pose serious challenges to inclusive growth. http://ow.ly/UU6f50F6AYe

Kristalina Georgieva, Cristina Duarte, Barry Eichengreen, and Martin Sandbu discuss how to ensure an inclusive recovery.

#InclusiveGrowth

So far, emerging markets have been agile in responding to the economic fallout from the pandemic. But the coming months will test the ability of policymakers in these countries to navigate a shifting landscape and cope with possible market volatility. The IMF’s Ceyla Pazarbasioglu and Rupa Duttagupta discuss how these countries can manage the policy tradeoffs and achieve a durable recovery.

With the American Rescue Plan, the US government is putting in place a fiscal stimulus package worth 10% of GDP, to be followed by an equally large infrastructure package. In the EU, although the fiscal policy response has also been unprecedented, it is much smaller. Should the EU learn from the US? Does the COVID crisis require a large aggregate demand response? What can be achieved with such a policy approach? This session is organized as part of CEPS’ collaboration with the European Network for Economic and Fiscal Policy Research (EconPol) and Intereconomics – Review of European Economic Policy.

Speakers:
– Christian Breuer (moderator), Head of Wirtschaftsdienst and Intereconomics, Leibniz Information Centre for Economics
– Adam Posen, President, Peterson Institute for International

In many countries, COVID-19 vaccines have been given to less than 1% of the population.

Watch the joint press conference by Kristalina Georgieva, Tedros Adhanom Ghebreyesus, Ngozi Okonjo-Iweala, and David Malpass on scaling up equitable access to COVID-19 vaccines. #PandemicPlan

🗓 June 1
🕚 11:00 AM ET (3:00 PM GMT)

The IMF is responding to the policy challenges of a fast-changing global economy still reeling from the COVID-19 crisis: it is modernizing the way it provides its regular policy advice to member countries—a process known as surveillance. In the future, the IMF will systematically integrate in its analysis issues that have substantial macroeconomic impact such as inequality, climate change, and digital technology, so as to better deliver on its surveillance mandate and support member countries’ recovery from the crisis.

At the first Chamber Global Forum, Deputy Managing Director Antoinette M. Sayeh shares perspectives on the multilateral approaches needed to solve critical global challenges.

#ChamberGlobalForum #Commerce

Moderated by Louis Marc Ducharme, the IMF’s Chief Statistician and Data Officer and STA Director, the panel will discuss how the IMF’s Climate Change Indicators Dashboard can contribute to statistical cooperation on climate change-related data and overcome challenges to integrate climate change into the overall macroeconomic statistics framework.

The IMF’s Jihad Azour joins the Brookings Doha Center’s Tarik Yousef for a discussion on the policies that MENA countries could put in place to protect public health, foster a green and inclusive recovery, and promote debt sustainability and financial resilience.

#MENA #MiddleEast #NorthAfrica

Did you know that the IMF’s African Department was created 60 years ago, on May 1, 1961? To commemorate this anniversary, President Alassane Ouattara of Côte d’Ivoire will join Managing Director Kristalina Georgieva for a conversation on Monday, May 10, 2021.
President Ouattara, who is also a former Director of the African Department, and IMF Deputy Managing Director, will share his remarks on how the IMF and Africa have changed. He will also discuss how to set the stage for sub-Saharan Africa’s post-pandemic recovery.

Papa N’Diaye, chef de division au département Afrique du FMI, présente les grandes lignes des dernières Perspectives économiques régionales pour l’Afrique subsaharienne. Pour en savoir plus, consultez l’édition d’avril 2021 : http://ow.ly/mmTu50EoxQN