The IMF’s Finance & Development (F&D) magazine marks its golden anniversary with a number of special features in its recently released September issue on the future of the global economy and a look back at how things have changed over the past 50 years.
Effective administration of public revenues derived from the petroleum and mining industries gets a boost with the release of a new IMF handbook. Policymakers and government officials in charge of administering oil, gas and mining revenues now have practical guidelines at their disposal.
In its latest assessment of the Japanese economy, the IMF said the recent economic reforms are taking hold, but they need to be more comprehensive and sustained for an extended period. This would help achieve the new inflation target and guard against headwinds from a shrinking labor force and a large fiscal adjustment need.
After three decades of remarkable growth, China’s economy has been slowing. The country needs to implement the announced reform agenda and address vulnerabilities to secure a safer development path, said the IMF.
SDR Rates for August 27
SDR Interest Rate = 0.07%| 1 USD = SDR 0.658726MORE