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How COVID-19 will Increase Inequality in Emerging Markets and Developing Economies
Despite the pre-pandemic gains in poverty reduction and lifespans, many of the EMDEs have struggled to reduce income inequality. At the same time, they saw persistently high shares of inactive youth (i.e., not…
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A Long, Uneven and Uncertain Ascent
This crisis is far from over. Employment remains well below pre-pandemic levels and the labor market has become more polarized with low-income workers, youth, and women being harder hit. The poor are getting…
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IMF Lending During the Pandemic and Beyond
In the face of unprecedented uncertainty and the severe economic impact triggered by COVID-19, the Fund continues to adapt its lending. At the same time, it aims to ensure realistic targets, uphold the…
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Emerging Stronger From the Great Lockdown
The managing director and the chief economist of the International Monetary Fund lay out a strategy for sustained recovery.
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Tourism Trauma and COVID-19
Pandemic-related lockdowns, flight cancellations, and border closures may be putting a crimp on summer vacation plans. However, the precipitous drop in tourism will have an outsized impact on countries that rely on foreign…
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Fallacy of an African Giant
This exposition tries to carry out a comparative analysis between Nigeria and selected economies in Africa. South Africa in Southern Africa, Egypt from Northern Africa, Kenya from East Africa and our neighbour (Ghana)…
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Aging Economies may Benefit Less from Fiscal Stimulus
A new IMF research finds that age matters when considering fiscal stimulus. Specifically, the study found that fiscal policy isn’t as effective in boosting growth in economies with older populations, compared to economies…
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[INFOGRAPHICS] IMF COVID-19 Financial Assistance to SSA Countries
$15.42 billion have found way to Sub-Saharan African Countries to tackle COVID-19 courtesy of the IMF. Nigeria and South Africa receives the largest share at $3.4 billion and $4.3 billion respectively
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COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond
The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. Yet,…
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Corruption and COVID-19
Corruption, the abuse of public office for private gain, is about more than wasted money: it erodes the social contract and corrodes the government’s ability to help grow the economy in a way…
