On the first leg of her trip to Asia, IMF Managing Director Christine Lagarde says in a blog that Cambodia has grown by leaps and bounds and now stands at the frontier of becoming an emerging market economy.
With talks on a global trade deal stalled, it is now up to trade ministers to resolve their differences at the WTO Ministerial Conference in Bali, Indonesia, on December 3-6. That will be tough, writes trade expert Jagdish Bhagwati in the IMF’s F&D magazine.
The private sector’s contribution to growth and job creation in the Middle East and North Africa remains one of the lowest globally. To achieve its potential, the key constraints facing the private sector need to be identified and addressed.
The IMF’s latest Regional Economic Outlook for sub-Saharan Africa projects an acceleration of GDP growth to 6 percent in 2014 from around 5 percent in 2013 that will be strongest among oil exporting and low-income countries.
SDR Rates for December 4
SDR Interest Rate = 0.1%| 1 USD = SDR 0.651676MORE