Finance and Development Magazine

Finance & Development

Economic growth | September 2023

The Arab World’s Economic Destiny

This issue of Finance & Development explores how the Arab world can tap growth opportunities and rebuild its economic standing.

EDITOR'S PICK

Development | September 2023

Overhauling the Arab World’s Economies

The Middle East and North Africa can capitalize on a changing global environment

Jihad Azour

TALINE KORANCHELIAN
Fintech | September 2023

Unleashing Mideast Fintech

A better regulatory environment will bring the Middle East more investment and innovation in digital finance

Amjad Ahmad
Public debt | September 2023

Debt Clouds over the Middle East

Parts of the Middle East and North Africa stand at the brink of a debt crisis

ADNAN MAZAREI

PointS of View: Middle East and North Africa

KAVEH SARDAR

Economic integration | September 2023

Shifting Sands

A generational shift in geopolitics is creating new possibilities for prosperity in the Greater Middle East

Rania Al-Mashat

Climate finance | September 2023

Climate Financing That Puts People First

We need to find an equitable approach to financing for a climate-resilient future

RANIA AL-MASHAT

COURTESY OF MINISTRY OF FINANCE, JORDAN

Fiscal policy | September 2023

Jordan’s Fiscal Ownership

Finance Minister Al-Ississ reflects on how his country spearheaded preventive and progressive fiscal policies against all odds

MOHAMAD AL-ISSISS

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Economic Transformation

MOHAMMED HUWAIS/AFP via Getty Images

International trade | September 2023

A Mercantile Middle East

The Gulf states can catalyze trade within the Middle East and North Africa region and the region’s integration into the global trading system

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MARCOS DEL MAZO/LIGHTROCKET VIA GETTY IMAGES

Climate finance | September 2023

Settling the Climate Debt

Putting a dollar figure on emission damages helps assess each country’s fair share of the climate burden

BENEDICT CLEMENTS

iStock / yoh4nn - Fragile States

Development | Analytical Series

Financing Peace and Stability

A course toward prosperity depends on international community support for peace as a global public good

Franck Bousquet

Economic growth | September 2023

Industrial Policy and the Growth Strategy Trilemma

Is it time to strike a new balance between state intervention and market forces?

Back to Basics

Migrant labor | September 2023

Resilient Remittances

The money that migrant workers send home provides stable income to millions of people in developing economies

Dilip Ratha

Protectionism | June 2023

Subsidy Wars

Cooperation and common understanding could dial back trade tensions

ELIZABETH VAN HEUVELEN

Inflation | March 2023

Price Prediction

Today’s inflation expectations are likely to become tomorrow’s inflation reality

Francesco Grigoli

Public debt | December 2022

What Is Sovereign Debt?

It plays a pivotal role in the world economy but comes with risks

S. M. ALI ABBAS

ALEX PIENKOWSKI

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PICTURE THIS

Picture This : Focus on Africa

Population and demographics | September 2023

African Century

A demographic transformation in Africa has the potential to alter the world order

Globalization | June 2023

Globalization’s Peak

Trade plateaus and restrictions rise, marking a new era for globalization

IMF/ Adobe Stock

Monetary policy | March 2023

Forces At Play

Advanced economies are contending with several major long-term structural changes that will affect the way monetary policy is conducted.

Energy Transition

Energy transition | December 2022

Energy Transitions

We need much more than just solar and wind to achieve a clean energy transition

More

PEOPLE IN ECONOMICS

Minouche Shafik

Economic theory | September 2023

Minouche Shafik: The Everywhere Economist

Nicholas Owen profiles Columbia’s Minouche Shafik, whose career spans international development, central banking, and writing on the social contract

IMF/Joshua Roberts

Trade policy | June 2023

Anne O. Krueger: World Trade Defender

Bob Simison profiles Anne O. Krueger, whose research helped build the global trading system that’s now under attack

IMF/ Adobe Stock

Monetary policy | March 2023

Lars Svensson: Central Banking Revolutionary

Prakash Loungani profiles former Swedish central banker Lars E.O. Svensson, a leader of the inflation-targeting revolution

PRAKASH LOUNGANI

Questioning assumptions - Emi Nakamura

Economic theory | December 2022

Emi Nakamura: Questioning Assumptions

Peter J. Walker profiles Berkeley’s Emi Nakamura, who delves into details to answer big questions

PETER J. WALKER

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CAFÉ Economics

Fintech | September 2023

Embracing Artificial Intelligence

Joshua Gans argues that assessing the power and pitfalls of AI requires putting it in the hands of people

Marjorie Henríquez

Migration

Migration | June 2023

Partnerships for Refugees

UNHCR’s Filippo Grandi argues that long-term solutions for refugees go beyond humanitarian aid

Financial crises | Analytical Series

Early Lessons from the Recent Banking Turmoil

Lucrezia Reichlin argues that protecting taxpayers’ money remains the ultimate goal when dealing with banking crises.

Marjorie Henríquez

IMF / Adobe Stock/ ECB

Inflation | March 2023

On Inflation’s Front Line

ECB’s Philip R. Lane discusses the importance of bringing euro area inflation back to target

More

Currency Notes

GIUSEPPE CACACE/ Getty Images

Money | September 2023

Reaching for the Red Planet

The United Arab Emirates honors the visionary behind the country’s ambitious space program

ANALISA R. BALA

Money | June 2023

Face Value

Many Commonwealth countries are reconsidering whom to feature on their banknotes

Love cricket

Currencies | December 2022

For the Love of Cricket

Barbados’ $5 banknote pays tribute to the man who united West Indian cricket

ANALISA R. BALA

Using older mobile phones to settle transactions offline

Digital currencies | September 2022

Taking Digital Currencies Offline

In many regions, internet-free access may be a make-or-break feature for central bank digital currencies.

More

Book Reviews

Income inequality | September 2023

A Wide-Angle View of Inequality

Economics in America: An Immigrant Economist Explores the Land of Inequality

Fintech | September 2023

Live Long and Prosper

Our 1,000-Year Struggle Over Technology and Prosperity

PRAKASH LOUNGANI

Inflation | June 2023

Unwelcome Return

Alas, the 1970s seem freshly relevant. Energy supplies are once more in doubt. The international order is yet again straining at the seams. Even the music is making a comeback.

Monetary policy | June 2023

Strategies for Small States

This book makes a valuable contribution to the analysis of the economic problems facing small developing states, particularly in the Caribbean.

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September 2023: TimE for TransFORMATION

Middle East And North Africa

Editor's letter

The Arab World’s Economic Destiny

Economic TransFORMATION

Also in this Issue

Settling the Climate Debt

Back to Basics

Resilient Remittances

Point of View

Picture This

African Century

People in Economics

Minouche Shafik: The Everywhere Economist

Straight Talk

The Drive for Trade Integration

Café Economics

Embracing Artificial Intelligence

Book Reviews

Currency Notes

Reaching for the Red Planet

More

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