Listen to the brightest minds in the field of economics and development discuss their latest research and deconstruct global economic trends. IMF Podcasts are also available on digital platforms such as iTunes, SoundCloud and Libsyn, and free to use for broadcasters, educators and institutions. 

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Sub-Saharan Africa Faced with Regaining Lost Ground

October 22, 2020

In just a few months the coronavirus has jeopardized decades of hard-won development gains. (iStock by Getty images/Drazen Zigic)

The global pandemic has put intense pressure on economies across sub-Saharan Africa. Many governments are struggling to maintain macroeconomic stability while also meeting the basic needs of their populations. Papa N'Diaye heads the IMF's economic outlook for the region. In this podcast, he says sub-Saharan Africa's economy will see its worst contraction on record this year, bringing real per capita incomes back to 2013 levels.

Papa N’Diaye heads the Regional Studies Division in the IMF’s African Department.

Michael Kremer: Investing in Vaccines Now Would Buy Time, Save $Billions

October 20, 2020

While vaccine manufacturing capacity is typically built only after clinical approval, Nobel Laureate, Michael Kremer, says building it during the clinical trials could advance vaccine distribution by 6 months or more. (HARVARD UNIVERSITY/UPI/Newscom)

In the early 2000s, Nobel Laureate, Michael Kremer helped develop the design of advance market commitment models (AMCs). They were used to incentivize the private sector to work on issues of relevance for the developing world by pledging that if they developed an appropriate vaccine, funds would be available for those countries to purchase it. The approach resulted in billions of dollars being devoted to pneumococcal vaccines for strains common in developing countries, saving hundreds of thousands of lives. Kremer's latest research focuses on how to expedite the production and distribution of the COVID-19 vaccines immediately following successful medical trials. In this podcast, Kremer says at-risk investment into vaccine manufacturing capacity before clinical approval would advance vaccine distribution by 6 months or more. Michael Kremer shared the Nobel Memorial Prize in Economics in 2019 for his work on experimental approaches to alleviating global poverty. He was invited by the Institute for Capacity Development to present this latest research to IMF economists.  Transcript

Check out the University of Chicago's podcast Pandemic Economics

Michael Kremer is Professor in Economics at the University of Chicago, and Director of the Development Innovation Lab.

Unprecedented Fiscal Response to an Unprecedented Crisis

October 14, 2020

IMF's Vitor Gaspar says the priority now should be to avoid premature withdrawal of fiscal support. (IMF photo)

Seven months after the World Health Organization declared a global pandemic, more than 1 million people have died of the disease and trillions of dollars have been spent in an effort to contain its devastating impact on economies across the globe. The latest Fiscal Monitor looks at what governments can do in the different phases of the pandemic to reduce the impact of the recession. Vitor Gaspar heads the semiannual publication. In this podcast, he says the massive fiscal support provided since the start of the crisis has been effective at saving lives and livelihoods and needs to continue.

Transcript

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Vitor Gaspar is Director of the IMF Fiscal Affairs Department.

Global Financial Stability: Policy Support Builds Bridge to Recovery

October 12, 2020

Fabio Natalucci: Near-term financial stability risks have been contained for now thanks to unprecedented support policies. (IMF photo)

While economies across the globe continue to feel the pressures from the pandemic, the latest Global Financial Stability Report shows the extraordinary fiscal and monetary policy measures taken by governments, Central Banks and International Financial Institutions have helped pull the global economy back from the brink. Fabio Natalucci leads the team of IMF economists who produce the report. In this podcast, he says policymakers should continue to carefully sequence their response based on the progression of the disease to maintain the stability of the global economy.

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Fabio Natalucci is Deputy Director in the Monetary and Capital Markets Department.

Kristalina Georgieva: The Long Ascent from the Depths of the Crisis

October 6, 2020

Kristalina Georgieva says the global economy has picked up, but the calamity is far from over. (IMF photo)

As the pandemic continues to wreak havoc on people and economies across the globe, the IMF and World Bank prepare for their second round of virtual meetings since the start of the crisis. In her customary curtain raiser speech, IMF Managing Director, Kristalina Georgieva says while next week's outlook will show a small upward revision to the 2020 global forecast, countries are facing what she calls "The long ascent"—a difficult climb that will be uneven, uncertain and prone to setbacks.

Transcript

Kristalina Georgieva is IMF Managing Director

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