Saturday , September 21 2019
Home / Tag Archives: corruption

Tag Archives: corruption

Illuminating Dark Corners of the Global Economy

Gita Bhatt This issue of Finance & Development reminds me of a Sufi parable. A woman sees a mystic searching for something outside his door. “What have you lost?” she asks. “My key,” he responds. So they both kneel down to look for it. “Where exactly did you drop it?” she asks after a few minutes. “In my house,” he replies. “Then why are you looking here?” “Because there is more light.” The lesson: we all search for answers where it is easiest to look. That is why we decided to shine a...

Read More »

Chart of the WeekTop 5 Charts of Summer

By IMFBlog Español, Português Our data nerds have been hard at work over the summer and we have taken a dive into the numbers beneath the surface of the daily headlines. Housing prices, powerful companies, corruption, and more have been on our sonar.   So you can catch up and learn more about the stories below the waterline, our editors have chosen the best from our Chart of the Week series on the blog over the past few months.  Housing prices, powerful companies, corruption, and more...

Read More »

Sluggish Global Growth Calls for Supportive Policies

By Gita Gopinath عربي, 中文, Español, Français, 日本語, Português, Русский In our July update of the World Economic Outlook we are revising downward our projection for global growth to 3.2 percent in 2019 and 3.5 percent in 2020. While this is a modest revision of 0.1 percentage points for both years relative to our projections in April, it comes on top of previous significant downward revisions. The revision for 2019 reflects negative surprises for growth in emerging market and developing...

Read More »

Keynes, the IMF, and the Future

By Gita Bhatt If Lord Keynes, who helped usher in the post–World War II economic order at the Bretton Woods conference, visited the IMF today, he would be astonished at the institution’s evolution. He would find a modern IMF able to help countries with new tools for analyzing financial risks and external imbalances and take on income inequality, corruption, and climate change. He would marvel at our universal membership, diverse staff, and female head. He would also find a world transformed...

Read More »

Chart of the WeekCorruption and Your Money

By IMFBlog The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no good. Equally damaging is the way it corrodes the government’s ability to help grow the economy in a way that benefits all citizens. And no country is immune to corruption. Our Chart of the Week from the Fiscal Monitor analyzes more than 180 countries and finds that more corrupt countries collect fewer taxes,...

Read More »

Tackling Corruption in Government

By Vitor Gaspar, Paolo Mauro and Paulo Medas عربي, Español, Français, Português, Русский No country is immune to corruption. The abuse of public office for private gain erodes people’s trust in government and institutions, makes public policies less effective and fair, and siphons taxpayers’ money away from schools, roads, and hospitals. While the wasted money is important, the cost is about much more. Corruption corrodes the government’s ability to help grow the economy in a way that...

Read More »

When History Rhymes

By Christine Lagarde November 5, 2018 عربي,  中文 Español, Português, Русский The graves of soldiers who died in World War I, near Verdun, France: on the 100th anniversary of the end of the Great War, leaders should listen closely to the echoes of history (photo: Mathieu Pattier/SIPA/Newscom) Mark Twain once said that “History never repeats itself, but it does often rhyme.” As heads of state gather in Paris this week to mark 100 years since the end of World War I, they should listen...

Read More »

A Decade After Lehman, the Financial System Is Safer. Now We Must Avoid Reform Fatigue

By Adolfo Barajas, Claudio Raddatz, and James P. Walsh October 3, 2018 A ticker in New York’s Times Square flashes the news of the collapse of Lehman Brothers on September 15, 2008: In the decade since, the financial sector has  strengthened considerably, but the reform agenda remains incomplete (Photo: Joshua Lott/Reuters/Newscom) In the decade since the collapse of US investment bank Lehman Brothers sparked the most severe economic crisis since the Great Depression, regulation and...

Read More »

Steering the World Toward More Cooperation, Not Less

By Vitor Gaspar, Sean Hagan, and Maurice Obstfeld September 6, 2018 عربي, Baˈhasa indoneˈsia, 中文,Español, Français, 日本語,Português,Русский With the world becoming more interdependent than ever before, countries can achieve a lot when they pull together (photo: Anton Sokolov/iStock by Getty Images) Countries cooperate if they perceive it to be in their best interests, both economically and politically.  Global cooperation in the aftermath of World War II—through a system of rules,...

Read More »

5 Things You Need to Know About the IMF and the Sustainable Development Goals

By Tony Annett and Chris Lane July 26, 2018  Version in Русский  The global economic juggernaut is bumping into the boundaries of environmental safety (photo: Infogram). Although we live in an age of unparalleled wealth and technological achievement, billions of people are still suffering from poverty, hunger, exclusion, and conflict. And the global economic juggernaut is bumping into the boundaries of environmental safety, including by changing the climate in a perilous manner...

Read More »