December 12, 2016/iMFdirect By Maurice Obstfeld and Poul M. Thomsen Greece is once again in the headlines as discussions for the second review of its European Stability Mechanism (ESM) program are gaining pace. Unfortunately, the discussions have also spurred some misinformation about the role and the views of the IMF. […]
Updates
Fourteenth Replenishment of the African Development Fund
Donors agree on US $ 7.06 billion to the African Development Fund (ADF); increased financing for fragile countries; and scaled up support to the private sector December 13, 2016/AfDB Strong donor commitment despite a difficult global economic environment Resources devoted to countries affected by situations of fragility to increase ADF […]
“Small States’ Resilience to Natural Disasters and Climate Change – Role for the IMF”
December 12, 2016/IMF EXECUTIVE SUMMARY Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP—more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well […]
