Global trade has been exceptionally weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, the ratio of global trade to GDP growth has declined to about unity since 2012. This paper assesses to what extent the change in the...

Le 2 août 2021 le Fonds Monétaire International (FMI) a approuvé une nouvelle allocation de droits de tirage spéciaux (433 milliards de DTS soit 650 milliards de dollars) afin de faire face aux besoins de balance des paiements nés de la crise du COVID, avec prise d'effet le 23 août. Ce...

Le Conseil d'administration du FMI a approuvé le 22 juillet 2021, une réforme de ses modalités de soutien aux pays à faible revenu (PFR). Cette réforme constitue une étape supplémentaire dans l'évolution de l'action du FMI dans ces pays, caractérisée par deux objectifs principaux. Le...

Climate change has both immediate and long-term consequences on the debt trajectories of developing countries. Their high physical vulnerability to global warming and the increase in natural disasters, combined with lower socio-economic resilience (food and agricultural insecurity, high...

The objective of the Chair in International Architecture of Development Finance (IADF) is to "reflect independently about what the global development finance system should become in light of the current international situation and the lessons learned from the experience of the past 60 years."...

This paper studies the relationship between financial integration and the correlation of GDP growth in sub-Saharan African countries. The dynamic nature of financial integration is first emphasized in order to account for both effects of risk sharing on the one hand and intermediation margins...

Global trade has been exceptionally weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, the ratio of global trade to GDP growth has declined to about unity since 2012. This paper assesses to what extent the change in the...