When the International Monetary Fund (IMF) was created, its purpose was to support the new system of fixed exchange rate regimes. With the breakdown of the par-value system, its article on exchange-rate arrangements?Article IV?had to be revised. Per the revised version, the IMF would annually...

The paper on which this One Pager is based (Roy, Abu-Ismail and Ramos, 2011) suggests concrete policy options which would create the fiscal space needed for structural transformation. After analysing the fiscal constraints faced by different countries and country groupings in the region, the...

When the International Monetary Fund (IMF) was created during the United Nations Monetary and Financial Conference in 1944, its purpose was ?to provide a framework that facilitates the exchange of goods, services, and capital among countries, and that sustains sound economic growth.? In that...

The fundamental development challenge in the Arab region is one of economic transformation or, more pertinent, a lack thereof. Heavy sectoral weights of extractive industries lead to dependence on global oil prices, even in oil-producing countries. The structure of production limits employment...

O desenvolvimento humano nos Pequenos Estados Insulares em Desenvolvimento (PEID) vem sendo estável e alto, conforme já foi medido. O caribe, em média, tem níveis mais altos de Índice de Desenvolvimento Humano (IDH) do que o Pacífico: Barbados ficou classificado em 37o e São Cristóvão e...

This Poverty in Focus is being launched to mark important events for the Global South that will take place in Brasilia: the India-Brazil-South Africa (IBSA) and the Brazil-Russia-India-China (BRIC) summits. The International Policy Centre for Inclusive Growth (IPC-IG), whose headquarters is in...