The IMF sends its staff on two types of mission to member countries: to assess the state of the country’s macro economy or to assess the need for financial support.
A policeman marches with a Somali flag during a parade in the capital Mogadishu.
Jose Cendon/AFP via Getty Images
Low-income countries that sought to spend more on health care during the pandemic have been hit with ratings downgrades, while others avoided borrowing entirely.
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
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.
Yellen with a few of the boys.
AP Photo/Annie Rice
The continued entrapment of African countries in the global circuit of capital and its proclivity to large scale accumulation imperils the ability of many to cope with the pandemic.
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)
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.
Sudanese protesters during a demonstration in Khartoum.
Marwan Ali/EPA-EFE
Taking Sudan off America’s list of terror is just one step in the country’s journey to economic recovery
Michelle Grattan says the announcement of extra money for drought-stricken farmers “won’t be enough” to alleviate pressure on the government on the issue of drought.
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On two fronts now Morrison, who likes to be in control, is at the mercy of events he can’t control: the drought, and the IMF’s downgrading of Australia’s growth outlook.
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)
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.
The IMF headquarters in Washington DC.
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The IMF has increasingly turned its focus to growing inequality worldwide. Ironically, research shows that policy reforms it mandated exacerbated income inequalities.
Senior Research Fellow, Norwegian Institute of International Affairs and Visiting Professor University of Buckingham, Norwegian Institute of International Affairs