Tune in for the launch of the April 2024 Regional Economic Outlook for Sub-Saharan Africa with Abebe Aemro Selassie, Director of the IMF's African Department.
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April 19, 11:30 AM EDT
Press briefing on the International Monetary and Financial Committee, by IMFC Chair Mohammed Aljadaan and IMF Managing Director Kristalina Georgieva.
The challenges posed by large swings in capital flows were highlighted again with the Covid-19 crisis and the subsequent tightening cycle of monetary policies across advanced economies. The discussion will begin by gauging recent developments and trends in capital flows, and emerging risks. It will then transition to taking stock of the lessons learned so far in terms of policies that can help countries shield against the costs associated with reduced access to foreign capital, such as improved policy frameworks and reduced balance sheets and foreign currency exposure. Lastly, it will highlight potential longer-term challenges associated with the increasing fragmentation of capital flows (e.g., capital allocation and productivity) in a more digitalized and indebted environment and how they can pose macro-financial stability risks.
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As the 2024 Spring Meetings wrap up, we take a reflective glance at the week's pivotal moments and accomplishments.
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April 19, 2:00 PM EDT
The latest economic perspectives for the Western Hemisphere region will be discussed during the press briefing on Friday, April 19, at 2:00 PM ET
April 20, 11:00 AM EDT
The high-level panel discussion will be the fourteenth session of the IMF Fiscal Forum. The discussion will cover cross-country experiences and challenges in designing and implementing rule-based fiscal frameworks. At this juncture, large fiscal deficits and the surge in public debt seen in many parts of the world pose fiscal risks. These are compounded by the growing budgetary pressures from climate, aging, and meeting sustainable development goals. How can countries leverage fiscal rules and frameworks, balancing the need for flexibility in stabilizing the economy in a shock-prone world with the need to preserve the credibility of fiscal policy? How should countries accommodate growing budgetary demands within credible frameworks? The panel will bring in senior policymakers to discuss the fiscal rules in light of their recent experiences and examine the practical challenges countries face.
Artificial Intelligence (AI) is set to transform the global economy. It has vast potential to benefit humanity, boosting productivity and improving health and wellbeing. Yet, AI’s disruptive power also carries risks, including potential deepening in inequalities within and across countries. Capitalizing on this potential and mitigating the risks hinges crucially on crafting the right policies and promoting the readiness of countries in areas such as digital infrastructure, human-capital and labor-markets, innovation and economic integration, and regulation and ethics. Guided by recent IMF research on the potential macroeconomic impact of AI, the discussion will focus on how advanced economies can prioritize AI innovation and develop robust regulatory frameworks to cultivate a safe and responsible environment that helps maintain public trust. For emerging market and developing economies, where readiness for AI is lower, the focus will be on options for laying a strong foundation through investments in digital infrastructure. All countries need to rethink education systems to ensure that their workforces are digitally competent.
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Join the show to dissect the dual nature of AI: its disruptive force across industries and its capacity to fuel economic growth.
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What are the IMF’s latest economic projections for the Middle East and Central Asia? Tune in to the press briefing on April 18 at 11:30 AM ET (3:30 PM GMT).
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