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Finance & Development, December 2024
  • Language: en
  • Pages: 80

Finance & Development, December 2024

Finance & Development, December 2024

The Red Dream
  • Language: en
  • Pages: 292

The Red Dream

An eye-opening deep dive into the sources and consequences of how China has financed it’s rise to global economic prominence In The Red Dream: The Chinese Communist Party and the Financial Deterioration of China, veteran finance executive Carl Walter uses his unique experience in Chinese finance to deepen his exploration of how the Chinese Communist Party finances its obsession with GDP growth and social control. Overwhelmingly debt-fueled, the party’s financial strategy has driven an unsustainable growth in banking and state enterprise assets. Inevitably the party’s own financial health is being severely weakened and China’s future over the next decades put in doubt. You’ll also f...

Paraguay
  • Language: en
  • Pages: 74

Paraguay

Paraguay continues to recover from the COVID-19 pandemic amidst simultaneous shocks that would lead to flat GDP growth and inflation above the IT range this year. Those conditions are reflected in rising social demands within a politicized environment before the 2023 general elections. The outlook remains favorable, and the authorities are pursuing policies to follow a stronger, more resilient, and inclusive development path. On the back of very positive experiences with Fund-supported programs, the authorities are requesting approval of a two-year program supported by the Policy Coordination Instrument (PCI) to underpin the implementation of needed structural reforms.

Gender Equality and Economic Development in Sub-Saharan Africa
  • Language: en
  • Pages: 429

Gender Equality and Economic Development in Sub-Saharan Africa

Efforts to achieve gender equality will not only help sub-Saharan Africa revive its inclusive growth engine but also will ensure progress towards the Sustainable Development Goals and help address the main disruptive challenges of this century. This book explores the progress made in gender equality in the region, highlighting both the challenges and successes in areas such as legal reforms; education; health; gender-based violence; harmful practices, such as child marriage; and financial inclusion. It takes stock of initiatives towards integrating gender into core macroeconomic and structural reforms, such as through implementing gender budgeting and examines the role that fiscal and other ...

Peru
  • Language: en
  • Pages: 42

Peru

Peru: Selected Issues

St. Vincent and the Grenadines
  • Language: en
  • Pages: 100

St. Vincent and the Grenadines

St. Vincent and the Grenadines has achieved a robust recovery from the pandemic and 2021 volcanic eruptions, supported by large-scale investment projects and robust growth in tourism. Growth is projected at 4.9 percent in 2024, with economic activity surpassing the pre-pandemic trend forecast. Employment has returned to the pre-pandemic level except for young men, and female labor force participation remains relatively low. Inflation has subsided from its peak. The financial system remains sound. The outlook is favorable but is subject to downside risks mainly stemming from the uncertain external environment. In addition, the economy is facing significant challenges from a rapidly ageing population and natural disasters and climate change, amid the still high public debt. Recognizing the challenges, the authorities are implementing a broad array of reforms in line with past Fund advice.

Accidental Conflict
  • Language: en
  • Pages: 448

Accidental Conflict

The misguided forces driving conflict escalation between America and China, and the path to a new relationship “A timely, fluid, readable assessment of a testy and rapidly changing global relationship.”—Kirkus Reviews (starred review) In the short span of four years, America and China have entered a trade war, a tech war, and a new Cold War. This conflict between the world’s two most powerful nations wouldn’t have happened were it not for an unnecessary clash of false narratives. America falsely blames its trade and technology threats on China yet overlooks its shaky saving foundation. China falsely blames its growth challenges on America’s alleged containment of market-based soc...

2021 Comprehensive Surveillance Review— Background Paper on The Surveillance Priority Preempting and Mitigating Spillovers
  • Language: en
  • Pages: 27

2021 Comprehensive Surveillance Review— Background Paper on The Surveillance Priority Preempting and Mitigating Spillovers

The Fund has a range of modalities and tools to cover spillovers. However, there remains scope to enhance synergies between global and country-specific spillover coverage and to foster cross-country dialogue. Practical guidance and enhanced information-sharing would also allow for more systematic surveillance of spillovers. Furthermore, the COVID-19 pandemic has underscored the need to continue expanding the research frontier covering new spillovers and channels and developing new tools and data sets. Therefore, filling these remaining gaps in the Fund’s spillover work would allow for a more coordinated and evenhanded surveillance of spillovers.

The Returns to Power
  • Language: en
  • Pages: 433

The Returns to Power

An unconventional perspective on contemporary economic inequality in America and its dangers for democracy, using comparisons with Russia, China and Germany. Since the economic liberalization wave that began in the late 1970s, inequality around the world has skyrocketed. In The Returns to Power, Thomas F. Remington examines the rise of extreme economic inequality in the United States since the late 1970s by drawing comparisons to the effects of market reforms in transition countries such as Russia, China, and Germany. Employing an unconventional comparative framework, he brings together the latest scholarship in economics and political science and draws on Russian, Chinese, and German-langua...

Barbados
  • Language: en
  • Pages: 180

Barbados

The authorities are implementing their updated Economic Recovery and Transformation Plan (BERT 2022) and their ambitious climate policy agenda. Barbados has weathered the COVID-19 pandemic and other recent shocks well, amid continued macroeconomic stability. The economy has recovered strongly, driven by a rebound in tourism. The authorities are placing renewed focus on structural reforms with the aim of achieving inclusive and sustainable growth and increasing resilience to climate change while maintaining debt sustainability and social cohesion. Ample international reserves support the exchange rate peg.