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Tag Archives: corruption

State-Owned Enterprises in the Time of COVID-19

Vitor Gaspar, Paulo Medas, and John Ralyea عربي, 中文, Español, Français, 日本語, Português, Русский The pandemic has highlighted the role of the public sector in saving lives and livelihoods. State-owned enterprises are part of that effort. They can be public utilities that provide essential services. Or public banks that provide loans to small businesses. But some are also struggling and adding to the burden on government finances. These range from national oil companies that are dealing with a...

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Top 10 Charts of the Week for 2019

By IMFBlog The decade is over and with it goes another year of insightful, thought-provoking, and dare we say clever, charts of the week brought to you by the IMF. Everyone likes a great chart, right? So to get the new year started on the right foot, take a minute and look back at what caught your eye (or what you might have missed) in 2019. Here are the top ten charts of the week for 2019, based on your readership. 1. Mapping the World’s Financial Weak Spots 2. Corruption and Your...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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