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Tag Archives: development

Charting a Path for a Resilient Recovery in Sub Saharan Africa

By Kristalina Georgieva and Abebe Aemro Selassie Perhaps first among the many lessons of 2020 is that the notion of so‑called black swan events is not some remote worry. These purportedly once‑in‑a‑generation events are occurring with increasing frequency. Take climate‑related shocks, especially in sub‑Saharan Africa. More than any other region, it is vulnerable to these events because of its heavy dependence on rain‑fed agriculture and its limited ability to adapt to shocks. Every year, the...

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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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Give Today’s Children a Chance

By  Christine Lagarde and Vitor Gaspar September 24, 2018  中文  Français Children in early childhood education in Indonesia: more money put into education helps countries achieve their Sustainable Development Goals (Photo: Ajun-Ally/Pacific Press/Newscom) World leaders are gathering at the United Nations to discuss how to deliver on development for all that is economically, socially, and environmentally sustainable—“The 2030 Agenda for Sustainable Development,” and its 17 Sustainable...

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Chart of the Week: Inequality in China

By Sonali Jain-Chandra September 20, 2018 中文, 日本語 A gardener outside a luxury auto showroom in Beijing. China has moved from being moderately unequal in 1990 to being one of the world’s most unequal countries (photo: Stephen Shaver/UPI/Newscom) More than two decades of spectacular economic growth in China have raised incomes dramatically and lifted millions of people out of poverty. But growth hasn’t benefited all segments of the population equally. In fact, China has moved from being...

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Region on the Rise

By Camilla Lund Andersen August 30,2018 (photo: Michael Waraksa) SREYNITH HAK, 25, MOVED to Phnom Penh eight years ago to pursue a bachelor’s degree in media management. Cambodia’s capital offered her much more opportunity than the small town where her parents and siblings still live. “I can see more of the world; I can do what I want,” she says. Together with millions of young people like her, Hak is shaping the future of Southeast Asia, one of the world’s fastest-growing regions and...

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Trade and Remittances Within Africa

By Francisco Arizala, Matthieu Bellon, Margaux MacDonald, Montfort Mlachila, and Mustafa Y. Yenice August 1, 2018  Versions in Français, Português Countries in sub-Saharan Africa are more closely tied than ever, thanks to rising trade with one another and remittances (photo: AfricaImages/Getty Images by iStock) Contrary to popular belief, countries in sub-Saharan Africa are more closely tied than ever, thanks to rising trade with one another and remittances—the money people send home...

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Managing Debt Vulnerabilities in Low-Income and Developing Countries

By Tao Zhang March 22, 2018 Congested streets in Dhaka, Bangladesh. In a third of low-income countries, including Bangladesh, government deficits finance investment in much needed infrastructure (photo: Motoya Taguchi/Jiji Press/Newscom). Government debt in some of the world’s poorest countries is rising to risky levels, a new IMF report shows. The report looks at economic developments and prospects among the world’s low-income countries, which account for a fifth of the world’s...

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Sub-Saharan Africa: Diversifying for Tomorrow

By IMFBlog February 16, 2018 Photo: iStock by Getty Images/subman Countries in sub-Saharan Africa need to diversify their economies, and the region’s youth need to be at the heart of it, says Axel Schimmelpfennig. Schimmelpfennig is head of the IMF team for Uganda, and a coauthor of a study that looks at the potential benefits of a stepped-up diversification agenda in sub-Saharan Africa. In this podcast, Schimmelpfennig talks about the need for sub-Saharan Africa to increase...

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No Roads? No Problem: The Leapfrogging Drones of Rwanda

By IMFBlog January 12, 2018 Zipline drone on a launch pad at operations center in Muhanda, Rwanda. (photo: James Akena/Reuters/Newscom). What’s the best solution to a lack of infrastructure? Find a solution that doesn’t require infrastructure. That’s what Zipline has done in Rwanda—a start-up that deploys drones to make emergency medical deliveries to remote hospitals and clinics. “Obviously in instances where Zipline can make a delivery to a place that wouldn't otherwise be reachable...

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Taxes, Debt and Development: A One-Percent Rule to Raise Revenues in Africa

By Vitor Gaspar and Abebe Aemro Selassie December 5, 2017 Versions in Español (Spanish),  Русский (Russian) School children in Ghana: building a country’s tax capacity helps pay for education and health care (photo: Vacca Sintesi/SIPA/Newscom). Tax revenues play a critical role for countries to create room in their budgets to increase spending on social services like health and education, and public investment. At a time when public debt levels in sub-Saharan Africa have increased...

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