Chapter News

Illuminating Dark Corners of the Global Economy

Tuesday, September 3rd, 2019

By Gita Bhatt, Editor-In-Chief of Finance & Development Magazine and the Acting Chief of Policy Communications at the IMF 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 […]

The Future of Bretton Woods

Thursday, August 29th, 2019

Keynote speech by IMF Acting Managing Director David Lipton At the Bretton Woods: 75 Years Later – Thinking About the Next 75 Conference Hosted by the Banque de France Introduction Good afternoon! Thank you, Governor Villeroy de Galhau, for convening such an eminent group to celebrate the 75th anniversary of the Bretton Woods Institutions. I […]

Sluggish Global Growth Calls for Supportive Policies

Thursday, August 29th, 2019

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 […]

Top global firms commit to tackling inequality by joining Business for Inclusive Growth coalition

Thursday, August 29th, 2019

A group of major international companies has pledged to tackle inequality and promote diversity in their workplaces and supply chains as part of an initiative sponsored by the French Presidency of the G7 and overseen by the OECD. The Business for Inclusive Growth (B4IG) coalition will be launched at the G7 Leaders’ Summit in Biarritz, […]

An Autobiography That Puts The Irish Backstop In Context

Tuesday, August 27th, 2019

By John Bruton, former Irish Prime Minister (Taoiseach) I have just finished reading Seamus Mallon’s autobiography, entitled a “Shared Home Place”.Boris Johnson, or one of his advisors, ought to read it if they wish to get an insight into the concerns that underlie the Irish backstop. They will learn that Brexit, and the Irish peace, are […]

Prime Minister Johnson’s Letter To Council President Tusk

Tuesday, August 27th, 2019

By John Bruton, former Irish Prime Minister (Taoiseach) This letter is important because it sets out the thinking of the new UK Government. It should be taken seriously and analysed. It contains a number of internal contradictions which should be, politely but persistently, probed by EU negotiators. I hope to explore some of these in this […]

Worsening Water Quality Reducing Economic Growth by a Third in Some Countries: World Bank

Thursday, August 22nd, 2019

The world faces an invisible crisis of water quality that is eliminating one-third of potential economic growth in heavily polluted areas and threatening human and environmental well-being, according to a World Bank report released today. Quality Unknown: The Invisible Water Crisis shows, with new data and methods, how a combination of bacteria, sewage, chemicals, and plastics […]

World Bank Group Warns of Advance Fee Fraud Schemes Misrepresenting Its Name

Wednesday, August 21st, 2019

In light of a resurgence of “advance fee fraud schemes” misusing the World Bank Group’s name, the institution is warning against investment deals and advance fee schemes that fraudulently invoke the institution’s name or claim to be affiliated with the World Bank Group. Like many large organizations, we have seen increased use of sophisticated forms […]

France : Financial System Stability Assessment

Wednesday, August 14th, 2019

Important institutional and policy changes have taken place since the 2012 FSAP. At the national level, the authorities have strengthened the macroprudential framework by establishing the High Council for Financial Stability (HCSF), enhanced monitoring of financial stability risks, prepared to manage the Brexit fall-out, introduced macroprudential measures, and taken various financial reform measures included in […]

UK has Committed Itself to Radically Contradictory Positions on Brexit and The Belfast Agreement

Monday, August 12th, 2019

By John Bruton, former Irish Prime Minister (Taoiseach) WILL UK BE ABLE TO NEGOTIATE MORE EASILY WITH EUROPE IF IT BINS THE WITHDRAWAL TREATY? The new UK Foreign Secretary , Dominic Raab, has claimed on Radio 4 that the UK would find it “easier” to negotiate  a good long term deal with Brussels , if […]