OPINION/EDITORIAL

Industrial Policy is Back But the Bar to Get it Right Is High

(Credit: DINphotogallery/iStock by Getty Images) April 12, 2024/IMFBlog By Anna Ilyina, Ceyla Pazarbasioglu, Michele Ruta Governments have traditionally used targeted interventions known as industrial policy to make domestic producers more competitive or promote growth in selected industries. While some developing countries continued to use it, industrial policy fell out of favor across most […]

Hydrochlorofluorocarbons Phase-Out Management Plan

April 12, 2024/CSL Research Iziaq Adekunle Salako, the Minister of State for the Federal Ministry of Environment, recently announced that Nigeria has initiated the implementation of its Hydrochlorofluorocarbons Phase-out Management Plan (HPMP) project. The goal is to eliminate the country’s 2010 baseline consumption of 344.9 tonnes of Hydrochlorofluorocarbons (HCFCs) by […]

Rising Cyber Threats Pose Serious Concerns for Financial Stability

(Credit: Altayb/iStock by Getty Images) April 9, 2024/IMFBlog By Fabio Natalucci, Mahvash S. Qureshi, Felix Suntheim Cyberattacks have more than doubled since the pandemic. While companies have historically suffered relatively modest direct losses from cyberattacks, some have experienced a much heavier toll. US credit reporting agency Equifax, for example, paid more than […]