IMFSurvey Magazine: News, views, and analysis from the IMF

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Let’s Revive Multilateral Consultations

February 23, 2009
There are ominous signs that countries are taking, contemplating, or continuing harmful unilateral action. The IMF has an important role to play in counteracting economic policies that harm other countries, writes J. Onno de Beaufort Wijnholds, a former IMF Executive Director.

Sound Policies, Support Can Help Africa Ride Crisis

February 20, 2009
IMF Managing Director Dominique Strauss-Kahn says Africa will not be spared the consequences of the global crisis and that the significant gains many countries have made in recent years in the fight against poverty are now at risk.

Crisis Breeds 'Fear Psychosis'

February 18, 2009
Talk of recession has created a fear psychosis among consumers that has little basis in reality, leading to underutilized capacity and job cuts. To break the vicious circle, governments should promote sectors that foster employment and growth, writes Mahendra Dash.

IMF Gains New Funding, Puts Focus on Bank Clean Up

February 14, 2009
Warning that the global economic crisis is set to bite emerging markets and low-income countries harder this year, IMF head Dominique Strauss-Kahn says he aims to double the Fund's lendable resources to $500 billion and boost loans for poorest.

Haiti Gets $36 Million in New IMF Financing

February 13, 2009
The IMF's Executive Board has approved a $36.6 million increase in balance of payments support for Haiti, which is struggling to recover from a series of external shocks including the food and fuel crisis, several hurricanes, and the global economic downturn.

IMF Signs $100 Billion Borrowing Agreement With Japan

February 13, 2009
Japan has provided the IMF with an additional $100 billion to bolster the Fund's lendable resources during the current global economic and financial crisis.

IMF Advice Helps Fight Financial Fraud as Schemes Multiply

February 12, 2009
Better communications, more financial complexity, and multinational business operations have made it a lot easier to commit financial fraud, and the IMF is advising a growing number of member governments on ways to thwart fraudulent financial schemes.

Latin America Can Minimize Crisis Impact

February 12, 2009
Latin American countries should do more to limit the impact of the crisis, and some may request financial assistance from the International Monetary Fund, the IMF's new Western Hemisphere Department Director Nicolas Eyzaguirre says in an interview.

Focus Now on Applying Stimulus, IMF Says Ahead of G-7

February 12, 2009
IMF head Dominique Strauss-Kahn says advanced countries must now focus on getting their economies moving again by implementing the stimulus packages they have announced, as well as cleaning up their financial sectors.

Careless 'Doom and Gloom' Chatter

February 11, 2009
The next years are going to be very difficult, especially for those who are vulnerable to the consequences of economic contraction. But the IMF should not use rhetoric that fuels a downward spiral of disaster talk, writes Brett Hughes.

IMF Outlines Dire Consequences if World Fails to Act on Banks

February 07, 2009
In a speech in Kuala Lumpur, Managing Director Dominique Strauss-Kahn pressed governments around the world to reverse a slump in global trade and industrial activity by cleaning up the banking system, restructuring the financial sector, and reviving the global economy.

Africa's Reforms Have Borne Fruit, But Gains Now Under Threat

February 06, 2009
Growth in Africa is expected to slow to 3¼ percent in 2009 as the global downturn takes its toll on the continent. But as bleak as things look, Africa's prospects will be bright once global recovery gets under way, says the IMF's Antoinette Sayeh.

Stimulus Measures Bolstering Demand Amid Crisis, IMF Says

February 06, 2009
Most of the world's leading advanced and emerging market economies have adopted stimulus measures to counter the growing financial and economic crisis, according to an analysis by the IMF that estimates the collective impact on growth of around ½ -1¼ percentage points.

IMF Urges G-20 States To Take More Decisive Action to Combat Crisis

February 05, 2009
The IMF urges the Group of Twenty industrialized and emerging market countries to take more decisive policy action to combat the corrosive global financial and economic crisis by bolstering demand and cleaning up the financial sector.

Burundi's Debt Relief Savings to Go to Food, Health, Schools

February 05, 2009
The IMF and World Bank's cancellation of more than 90 percent of Burundi's debt, worth about $1.4 billion, may save the African country up to $50 million a year over the next 10 years to spend on agriculture, health, and education.

IMF to Assist Africa Hit Hard by Global Downturn

February 03, 2009
Although Africa will grow by more than 3 percent in 2009, the continent is likely to be hard hit by the global economic downturn, threatening to set back progress made across the region in recent years, the IMF says.

Asian Growth Losing Steam Fast Amid Global Downturn

February 03, 2009
Growth in Asia is forecast to slow to 2.7 percent in 2009, dragged down by the global economic and financial crisis. The region has room to do more to help stimulate demand and bolster private consumption, the IMF says.

As Contingency, IMF Aims to Double its Lendable Resources

February 02, 2009
The IMF aims to double the amount of money it has available to lend to governments to $500 billion to strengthen international confidence that it can meet any new challenges during the current global downturn, the deputy head of the IMF says.

IMF Lends Ethiopia $50 Million to Help Absorb Price Shocks

February 02, 2009
The IMF approves a $50 million loan for Ethiopia to help its economy adjust to the steep increases in international prices of fuel, fertilizer, and cereals in 2008. The price increases weakened Ethiopia's international reserves position and contributed to inflationary pressure.

World Growth Grinds to Virtual Halt, IMF Urges Decisive Global Policy Response

January 28, 2009
The IMF sharply revises downward its forecast for world growth in 2009 to lowest since World War II and urges policymakers to take stronger policy action.

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