News & Analysis: IMF

Further Thoughts on the Economic Implications of COVID-19

“One major lesson of past recessions is that monetary policy alone is less successful than combined fiscal stimulus packages. The G-20 should meet (virtually) on an emergency basis and agree on such a program of demand stimulus, and the IMF Board should agree on the SDR allocation.”

via GWSB Growth Dialogue

Africa’s rising “unsustainable” debt is driving a wedge between the World Bank and other lenders

“African debt is on the rise, and that fact is causing tensions to spark in unexpected places. Total external debt for sub-Saharan Africa jumped nearly 150% to $583 billion in 2018 from $236 billion 10 years earlier, according to World Bank data. Many now worry the debt load is becoming unsustainable.”

via Quartz Africa