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COVID-19 AND THE WAR IN UKRAINE
News & Publications
Djibouti: Upgrading Tax Policy
Djibouti’s low and declining tax-to-GDP ratio underscores the need for well-designed tax policy reforms. Against this backdrop, the authorities requested capacity development support from the IMF’s Fiscal Affairs Department to identify reform options and priorities. The program focuses on income taxes, value-added taxes, and property taxes, and includes technical training on the estimation and reporting of tax expenditures.
Europe Can Regain Its Productivity Edge by Scaling Up
Capital markets integration, expanding opportunities for workers, and bigger consumer markets will allow companies to grow faster
Adequate Reserves Shield Economies From Shocks and Strengthen Resilience
Building foreign exchange reserves requires sound policies and takes time, but global efforts to lower the cost of holding them can help
Debt Confronts Policymakers With Difficult Trade-offs
There are few elegant, easy, or politically attractive ways to reduce debt
Stock-Bond Diversification Offers Less Protection From Market Selloffs
Diversification has become harder since 2020 as stocks and bonds tend to move in tandem during sharp selloffs, adding to financial stability concerns
Global Economy Shakes Off Tariff Shock Amid Tech-Driven Boom
But risks are rising, including from the concentration of tech investment and the negative effects of trade disruptions, which may build over time
New Skills and AI Are Reshaping the Future of Work
Policy choices will determine whether workers and firms are adequately prepared for the AI revolution
Podcast: Navigating a More Fragile World
With shock upon shock hitting the world economy in the last three years, IMF Managing Director Kristalina Georgieva's customary opening speech to the Annual Meetings warned of a darker global outlook and emphasized the need for the world to come together to deal with the consequences.
