April 11, 2019/IMFBlog By Rhoda Weeks-Brown and Martin Mühleisen Last month marked the 30th anniversary of the announcement of the “Brady plan”. In response to the 1980s Latin American debt crisis, this plan, named after then US Treasury Secretary Nicholas Brady, allowed countries to exchange their commercial bank loans for […]

April 10, 2019/IMFBlog By Vitor Gaspar, John Ralyea, and Elif Ture Economic growth is slowing and public debt remains high across the world. Meanwhile, demographic changes and technological advances are reshaping the global economy. Everyone’s opportunities for a good education, along with their job prospects, healthcare, and retirement income depend […]

April 10, 2019/IMFBlog By Tobias Adrian and Fabio Natalucci In the United States, the ratio of corporate debt to GDP is at record-high levels. In several European countries, banks are overloaded with government bonds. In China, bank profitability is declining, and capital levels remain low at small and medium-size lenders. […]