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IMF News
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IMF News - the news magazine of the International Monetary Fund -- global economic and financial analysis
IMF News - the news magazine of the International Monetary Fund -- global economic and financial analysis

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Esther Duflo, Professor of Development Economics at MIT, co-founded The Poverty Lab to find innovative approaches to poverty alleviation. In this podcast, Duflo says she became an economist specifically to study poverty.

“I came to #economics once I realized it was a powerful way to make a difference in the life of poor people.”

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Esther Duflo, Professor of Development Economics at MIT, co-founded The Poverty Lab to find innovative approaches to poverty alleviation. In this podcast, Duflo says she became an economist specifically to study poverty. “I came to #economics once I realized it was a powerful way to make a difference in the life of poor people.”

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IMF Managing Director, Christine Lagarde tells CNN that Europe cannot be complacent over growth and jobs.

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The IMF invests significant resources in developing models to estimate equilibrium exchange rates. This column assesses the predictive power of one vintage of IMF exchange rate models during 2006–2011. The models performed exceptionally well at predicting exchange rate movements over the medium run, which is particularly remarkable given that the period covered the unanticipated Global Crisis and the assessments were not shared publicly at the time.

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Taxes are what governments rely on to provide the public goods and services that support economic growth. In this podcast, DG DEVCO’s Klaus Rudischhauser, says some countries with millions of inhabitants have only a few hundred tax payers. Rudischhauser participated in a seminar on Capacity Development entitled Collect More & Spend Better Contributors: Klaus Rudischhauser, Deputy Director-General of the European Commission’s International Cooperation and Development (DG DEVCO)

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Esther Duflo, Professor of Development Economics at MIT, co-founded The Poverty Lab to find innovative approaches to poverty alleviation. In this podcast, Duflo says she became an economist specifically to study poverty. “I came to #economics once I realized it was a powerful way to make a difference in the life of poor people.”

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When world leaders ponder ways to boost growth, reduce inequality, and improve living standards, they might want to think about why empowering women makes economic sense. #women #gender

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While oil prices have stabilized somewhat in recent months, there are good reasons to believe they won’t return to the high levels that preceded their historic collapse two years ago. For one thing, shale oil production has permanently added to supply at lower prices. For another, demand will be curtailed by slower growth in emerging markets and global efforts to cut down on carbon emissions. It all adds up to a “new normal” for oil.

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The International Monetary Fund has warned that growth in sub-Saharan Africa was likely to slow to its lowest point in more than 20 years, with average growth forecast at just 1.5 percent this year because of lower commodity prices and an unfriendly global economic environment. Countries without significant natural resources such as Ethiopia, Ivory Coast, Kenya and Senegal were performing better as they stood to benefit from lower oil import prices and infrastructure reforms, the Washington-based lender said in its report.

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The world is awash with $152 trillion dollars of debt, according to the IMF, an all-time high which sits at more than double the balance at the start of this century. This debt mountain, as of 2015, represents 225 percent of gross domestic product (GDP), up from 200 percent in 2002 and signifies the extent to which increases in borrowing have outpaced economic growth during the period.
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