The rapid growth of the private credit market—an opaque and interconnected segment of the financial system—may raise financial risks due to limited oversight. Learn more about these existing fragilities and our policy recommendations in this blog. https://lnkd.in/e-Qhd_iB
International Monetary Fund
International Trade and Development
Washington, DC 804,503 followers
190 member countries working together to improve lives through global growth and economic stability.
About us
The International Monetary Fund has a key position in promoting the health of the world economy. Established in 1944 as a part of the United Nations system, the IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries and their citizens to buy goods and services from each other. This is essential for sustainable economic growth and rising living standards. To maintain stability and prevent crises in the international monetary system, the IMF conducts surveillance of national, regional, and global economic and financial developments. It provides advice to its 190 member countries, encouraging them to adopt policies that foster economic stability, reduce their vulnerability to economic and financial crises, and raise living standards. The IMF also serves as a forum where its global membership can discuss the national, regional, and global consequences of their policies. The IMF makes financing temporarily available to member countries to help them address balance of payments problems—that is, when they find themselves short of foreign exchange to meet their payments to other countries. Finally, the IMF provides countries with training to help them build the expertise and institutions they need for economic stability and growth. Supporting all of these activities is the institution's work in economic research and statistics.
- Website
- https://imf.org/
External link for International Monetary Fund
- Industry
- International Trade and Development
- Company size
- 1,001-5,000 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1945
- Specialties
- economics, financial, and global economy
Locations
- Primary
700 19th Street N.W.
Washington, DC 20431, US
Employees at International Monetary Fund
Updates
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Cyberattacks frequently target the financial sector, which manages vast amounts of sensitive data. Nearly 20% of these incidents aim at financial firms, highlighting the critical need for robust cybersecurity measures. Learn more in our blog. https://lnkd.in/ehVX-a9B
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2024 could mark a turning point for sub-Saharan Africa after four challenging years of shocks. We project that growth will increase to 3.8% in 2024, up from 3.4% last year. Abebe Aemro Selassie, Director of the IMF's African Department, presents our analysis in the latest Regional Economic Outlook. https://lnkd.in/eMgv-yKJ
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Sub-Saharan Africa's population is changing. By 2050, the region will have more working-age people (15-64 years old), while the rest of the world will have fewer. Investing in education is the key to preparing young people in these countries, according to our new Chart of the Week. Although the region has made progress in education, it still lags behind other developing regions. For example, nearly 3 in 10 school-age children do not attend school. Read more about why greater government spending on education is necessary and why the international community should maintain or expand education funding support across the region. https://lnkd.in/egbgxSP3
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What can policymakers do to ensure that all workers benefit from AI? The IMF has created the AI Preparedness Index, based on digital infrastructure, human capital and labor market mobility, innovation and its relationship to the economy, and regulation and ethics. We spoke to AI experts to find out the answer to that question and much more. Tune in here: https://lnkd.in/ez744sQk 🗣️ Managing Director of C4IR Rwanda, Ms. Crystal Rugege 🗣️ IMF Economist, Marina Mendes Tavares
Can We Use Technology and Innovation to Improve Productivity and Growth? | IMF Today
https://www.youtube.com/
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After more than a decade of rising public debt, about two-thirds of Sub-Saharan African countries have started implementing plans to reduce their budget deficits. Our new note outlines how these countries can successfully reduce deficits without undermining economic development and social conditions. Key recommendations include: 1) Focusing more on increasing revenues than cuts to investment and priority spending 2) Reducing deficits at an appropriate pace given financing constraints 3) Building public trust through communication, compensatory measures, and reforms to strengthen fiscal institutions. Read the full analysis to learn more about navigating fiscal challenges in sub-Saharan Africa: https://lnkd.in/eyAUBk6J
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AI is increasingly reshaping economies, societies, and growth trajectories. While its potential is immense, ensuring the equitable distribution of its benefits has become a pressing concern for policymakers, economists and technology firms around the world. This past week at our #IMFMeetings we explored the conditions required to benefit from this AI revolution – ranging from infrastructure and human capital to fiscal measures – and the potential risks to deepen inequalities and trigger geopolitical tensions. Learn from the IMF’s Era D., the World Bank’s Christine Zhenwei Qiang, Google’s Michael Pisa, and the Centre for the Fourth Industrial Revolution's Crystal Rugege. The discussion was moderated by Yahoo Finance's Jennifer Schonberger. 📺 Watch here: https://lnkd.in/eVzYJxHU
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What are governments around the world doing on industrial policy? This short talk and Q&A by the IMF's Lorenzo Rotunno and Adam Jakubik will introduce you to a new dataset on industrial policy and recent research on its impacts. 📺 Watch here: https://bit.ly/3JzUIHP
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The latest IMF projections show that growth in Latin America will average about 2 percent per year in the next five years, below its already low historical average. This weaker outlook partly reflects long-standing challenges of low investment and slow productivity growth. The additional challenge this time is that demographics are shifting, and the labor force will not grow as fast as before. https://lnkd.in/eWXT-xgG
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In the coming decades, sub-Saharan Africa will account for a rapidly increasing share of the global workforce. Reaping this demographic dividend requires urgently scaling up investment in education to close persisting gaps. New IMF research shows that to achieve universal primary and secondary enrollment by 2030, the region needs to double education spending as a share of GDP. Governments should act to safeguard and expand education budgets while boosting spending efficiency. The international community also has a key role to play in ensuring education remains a top priority. https://lnkd.in/eMgv-yKJ