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Articles on International Monetary Fund (IMF)

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A grant from the Chinese government will make way for a multimillion-dollar fishing port complex in Accra, Ghana. Nipah Dennis/AFP via Getty Images

COVID-19 further exposes inequalities in the global financial system

Global economic policy excludes low-income countries from the spending options that developed nations use to buffer their economies in times of crisis, and the pandemic has inflamed that inequality.
Economists are using models to try to determine what short- and long-term impacts the coronavirus pandemic will have on the global economy. (AP Photo/Koji Sasahara)

It could take two years for the economy to recover from the coronavirus pandemic

As countries get ready to re-open their economies, will there be a post-pandemic recovery? History and current economic models suggest those looking for a quick rebound will be disappointed.
A Pakistani man walks past a shop that was closed due to a recent strike in Peshawar, Pakistan. Hundreds of thousands of Pakistani businesses went on strike in a nationwide protest against an increased sales tax, which opposition political parties said was imposed as part of the International Monetary Fund’s recent $6 billion bailout package for Islamabad. (AP Photo/Mohammad Sajjad)

World Bank ruling against Pakistan shows global economic governance is broken

Abolishing the secretive World Bank Tribunal known as the ISDS won't solve all of the problems of global economic governance. But it seems a very good place to start.

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