IMF Lending During the Pandemic and Beyond

By Robert Gregory, Huidan Lin, and Martin Mühleisen In the face of unprecedented uncertainty and the severe economic impact triggered by COVID-19, the Fund continues to adapt its lending. At the same time, it aims to ensure realistic targets, uphold the credibility of programs, and foster national ownership. To date, the Fund has provided financial […]

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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 […]

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Chart of the WeekTrade as a Tool for an Efficient Recovery

By Jesus Gonzalez-Garcia and Yuanchen Yang As economies now look for paths to recovery from the COVID-19 crisis, new evidence reaffirms that policies for more open and trade-integrated economies could significantly benefit domestic competition and ultimately may help lower costs for consumers in emerging and developing economies. A recent Working Paper, building on the Regional […]

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Supporting Migrants and Remittances as COVID-19 Rages On

By Saad Noor Quayyum and Roland Kangni Kpodar Just as COVID-19 has disproportionately impacted some communities more than others, globally, the virus has had an oversized negative impact on migrant workers. Perhaps surprisingly, despite the bleak experience for foreign overseas workers during the pandemic, the effect on remittances—the flow of money they send back home—has, […]

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Guilt, Gender, and an Inclusive Recovery: A Lesson from Japan

By Chie Aoyagi Japan’s voluntary month-and-a-half shutdown of the economy in April due to COVID-19 has had a higher cost for women than men. A key reason: a “guilt gap” between women and men, where women often feel compelled to take on more professional sacrifices. Close to one million women—the majority of whom worked in […]

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How Strong Infrastructure Governance Can End Waste in Public Investment

By Gerd Schwartz, Manal Fouad, Torben Hansen, and Geneviève Verdier COVID-19 has had a profound impact on people, firms, and economies all over the world. While countries have ramped up public lifelines to individuals and firms they will face enormous challenges to recover from the pandemic, amidst low economic activity and unprecedented levels of debt. […]

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Healing the Fractures of the Global Economy

Gita Bhatt As the world seeks to comprehend the new normal, we face many unknowns. Will jobs come back? How will we travel again? What will recovery look like? Much is still a question mark. In fact, we are living in the most “unmeasurable of times,” writes the IMF’s Geoffrey Okamoto, making it hard to […]

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COVID-19: Without Help, Low-Income Developing Countries Risk a Lost Decade

By Daniel Gurara, Stefania Fabrizio, and Johannes Wiegand While the COVID-19 crisis is sending shockwaves around the globe, low-income developing countries (LIDCs) are in a particularly difficult position to respond. LIDCs have both been hit hard by external shocks and are suffering severe domestic contractions from the spread of the virus and the lockdown measures […]

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Top 10 Blogs on COVID-19

By IMFBlog The pandemic has altered people’s lives in both enormous and small ways. Our editors have picked the top recent blogs that dig into the details of what COVID-19 means for people: the impact on women and the young, what it means for the food supply, and how it can increase already growing inequality, […]

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