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IMF Podcasts

IMF Podcasts

691 episodes — Page 2 of 14

Daniel Susskind on Growth: A History and a Reckoning

Economic growth is often seen as the core ingredient to social development, but it's a relatively new idea. So what did pre-growth society look like and how much growth can modern society sustain? In his latest book, Daniel Susskind argues that economic policy should consider the costs of growth more carefully and realign the drivers to better fit with the challenges of our time. Susskind is a research professor at King's College London and a senior research associate at the Institute for Ethics in AI at Oxford University. In this podcast, he says growth doesn't come from the tangible world of things but from the intangible world of ideas. Transcript: https://bit.ly/3yY83aK

Jun 11, 202430 min

Catherine Mann: A Central Banker's View on Capital Flows

Central banks worldwide share common practices in how they operate, but the UK's central bank is unique in how it makes its rate decisions. Catherine Mann is a Professor of the Practice at Brandeis University and one of four external voting members of the Monetary Policy Committee at the Bank of England. In this podcast, Mann says the pickup in capital flows in neighboring countries earlier this year required careful consideration by the BOE, and the broader range of backgrounds on its board helped to make the right monetary policy decisions. Transcript: https://bit.ly/3RaurnK

Jun 6, 202421 min

James Boughton on The Messy Legacy of Harry Dexter White

It's no mystery where the IMF was born but its origin story might surprise you. While the spotlight was on the charismatic British economist John Maynard Keynes during the 1944 Bretton Woods Conference, a little-known American economist was working in the shadows. Harry Dexter White's plan would lead to the creation of the IMF and forever change the world economy. In this podcast, IMF historian and author, James Boughton speaks with Rhoda Metcalfe about how Harry White made history without making a splash. Transcript: https://bit.ly/456YgLB Read the article in Finance and Development: IMF.org/fandd James Boughton is also the author of Harry Dexter White and the American Creed

Jun 3, 202423 min

Michael Olabisi: Thinking Globally to Pay Africa's Climate Bill

While African countries have little to do with what's causing the climate crisis, they are feeling the brunt of the extreme weather patterns and left footing a climate-mitigation bill they can't afford. Michael Olabisi is an assistant professor at Michigan State University and studies sustainable development in low-income countries. In this podcast, Olabisi says climate change is a global challenge and it's high time the world's advanced economies start treating it as such. Transcript: https://bit.ly/4ay37X7

May 27, 202419 min

Women in Economics: Una Osili on the Resilience of Philanthropy and Why so Few African Women Economists

When disaster strikes, the knee-jerk reaction is to seek public funds for support, but private donors have the agility that governments often don't. And while capital flows to Africa slowed to a trickle during the pandemic, philanthropy and remittances held steady. Una Osili is the Associate Dean for Research and International Programs at Indiana University and holds the Efroymson Chair in Philanthropy. Osili believes Africa would benefit from more private donor funding and more African women to manage it. In this podcast, Journalist Rhoda Metcalfe asks Dr. Osili about her work and why there aren't more women economists on the continent. Transcript: https://bit.ly/4bhCfvP

May 21, 202419 min

Policymaking in Times of Conflict and Instability

Conflict disrupts lives and economies everywhere, but recent IMF analytical work suggests the economic impact of conflict in the Middle East and Central Asia has proven larger and more persistent than in other regions. In this podcast, Ghassan Salamé (SciencesPo Paris), Mark Malloch-Brown (Open Society Foundations), and Rola Dashti (UNESCWA) discuss how the recent scourge of conflict and instability requires innovative thinking. The panel was held during the IMF-World Bank Spring Meetings and moderated by CNN International's Julia Chatterley.

May 14, 202441 min

Pierre-Olivier Gourinchas on the Global Outlook: Steady but Slow

The World Economic Outlook is more than projected growth rates. The research behind those projections tells the story of how 190 countries, slowly but steadily, found their way through the fog of the past few years to emerge a testament to the resilience of the global economy. Pierre-Olivier Gourinchas is IMF Chief Economist and brings together the multitude of analytics, data and insight that provide the signposts. In this podcast, Gourinchas says while the fears of a global recession have not materialized, the path ahead is not without obstacles. Transcript: https://bit.ly/4b5O6x6 Read the full report at IMF.org

May 2, 202429 min

Wenjie Chen on Sub-Saharan Africa's Latest Outlook

Sub-Saharan Africa is slowly emerging from four turbulent years with higher growth expected for nearly two thirds of countries in the region. But while inflation has almost halved and debt has broadly stabilized, economies are still grappling with financing shortages and impending debt repayments. Wenjie Chen is deputy head of the team that publishes the Regional Economic Outlook for sub-Saharan Africa. In this podcast, she says the surging global demand for critical minerals key to renewable energy systems could help the region overcome the ongoing funding squeeze. Transcript: https://bit.ly/3WbU6iT Read the full report at IMF.org

Apr 25, 202423 min

Global Financial Stability: Fragilities Along Disinflation's Last Mile

As inflation slowly subsides and optimism pervades financial markets, the latest Global Financial Stability Report (GFSR) warns of potential setbacks. Fabio Natalucci and Jason Wu head the GFSR team. In this podcast, they discuss risks associated with debt and the private credit market, struggling real estate sectors in China and the US, cybersecurity, and a host of other risks to the much anticipated soft landing. Transcript: https://bit.ly/4axvy8z

Apr 16, 202426 min

Kristalina Georgieva: The 2020s: Turbulent, Tepid or Transformational?

IMF Managing Director Kristalina Georgieva kicks off the 2024 IMF-World Bank Spring Meetings from the Atlantic Council in Washington, DC, with her customary curtain raiser speech. Go to IMF.org to follow the Spring Meetings and find all the IMF flagship reports, including the World Economic Outlook, the Global Financial Stability Report, and the Fiscal Monitor. Webcast and transcript: https://bit.ly/4aRkmDg

Apr 11, 202424 min

Jeffry Frieden: How Politics and Economics Interact

Even optimal economic policies create winners and losers, and that's where politics steps in. Trade liberalization is an example of a policy that can make a country better off as a whole, but what happens to workers who lose out to cheaper goods? Jeffry Frieden says while politics is often messy, it's how society puts a value on things economists can't measure. Frieden is a Professor of Government at Harvard University. Transcript: https://bit.ly/4cU34qZ Read A Place for Politics at IMF.org/fandd

Apr 11, 202423 min

Suresh Naidu: Why Labor Market Model Falls Short

For decades, the standard labor market model has been ruled by supply and demand, but a younger generation of labor economists is questioning that approach. Suresh Naidu is a Professor of Economics and International Public Affairs at Columbia University. He says while the supply and demand model is not wrong, it only tells part of the story. In this podcast, Naidu and journalist Rhoda Metcalfe discuss why today's labor market model sometimes fails to reflect the real world. Transcript: https://bit.ly/4aHBqvz

Apr 4, 202416 min

Women in Economics: Olivia Mitchell on Retirement Reality

It wasn't that long ago when retiring in one's 50s was an achievable goal. But with life expectancy steadily rising and pension systems doomed to fall short, the prospects for an early retirement are fading fast. Olivia Mitchell wrote the book on retirement and modern pension research and has spent her career helping people improve their financial literacy. Mitchell is a Professor of Economics and Public Policy at the Wharton School of the University of Pennsylvania. She sat down with journalist Rhoda Metcalfe to discuss the challenges of today's economy for Americans planning their golden years. Transcript: https://bit.ly/49snKUp

Mar 28, 202422 min

Kristalina Georgieva: The Economic Possibilities for My Grandchildren

John Maynard Keynes was one of the most influential economists of the 20th century and the father of modern macroeconomics. His novel lectures at King's College, Cambridge, inspired economists and policymakers of the time and continues to do so a hundred years later. In this podcast, IMF Managing Director Kristalina Georgieva delivers a speech inspired by one of Keynes' lectures to a young audience at the very same King's College. Transcript and webcast: https://bit.ly/3Tv4lfi

Mar 21, 202437 min

Ulrike Malmendier on Behavioral Economics

Economists build models based on basic assumptions of human behavior. But people are complicated, right? Do Germans who grew up on opposite sides of the Berlin Wall make the same financial decisions today? Ulrike Malmendier is a behavioral economist whose innovative research has shown that experiential learning rewires the brain to make decisions based on past experiences. In this podcast, Malmendier and Journalist Rhoda Metcalfe discuss how behavioral economics is helping to build better economic models. Transcript: https://bit.ly/3x3sWjZ Read New Lessons from Behavioral Economics at IMF.org/fandd

Mar 19, 202416 min

Poverty's Hidden Dimensions

Countless resources and billions of dollars have been directed at poverty alleviation over the decades and yet almost 10 percent of the world's population is still struggling to survive... not only in developing countries but in rich countries too. Why do so many anti-poverty efforts fall short? Martin Kalisa says there is more to poverty than income, and poor people can help design projects that are more likely to succeed. Kalisa is the Deputy Director of ATD Fourth World, an anti-poverty organization that builds research teams that include poor people to better understand their needs. Kalisa took part in a conference on the Hidden Dimensions of Poverty hosted by the World Bank and the IMF. Transcript: https://bit.ly/4a3Hcra

Mar 7, 202421 min

Not Your Grandmother's Industrial Policy: Michele Ruta

Industrial policy had its heyday in the 1950s and 60s when governments moved to boost national competitiveness amid burgeoning global trade. Economists have been predicting the return of industrial policy of late- and there's no question it's back, but what does today's industrial policy look like? Michele Ruta is a trade expert at the IMF, and along with some colleagues compiled a new dataset that shows the extent to which new industrial policies are being used and what their real impact might be on the global economy. Transcript: https://bit.ly/49LjmQW Check out the IMF's global trade webpage: IMF.org/en/Topics/Trade

Feb 22, 202426 min

Women in Economics: Juliet Schor on the Benefits of a 4-Day Week

Productivity has been the driving force behind the five- sometimes six-day workweek, but there is a growing body of evidence that shows a shorter week is equally, if not more productive in many respects. Juliet Schor is a champion of the four-day week and led the charge in the early 90s with her book The Overworked American, which studies the pitfalls of choosing money over time. Schor is an economist and sociologist at Boston College and heads the research for global trials of companies instituting four-day workweeks. Journalist Rhoda Metcalfe spoke with Juliet Schor about her four-day week mission, as part of our special Women in Economics series. Transcript: https://bit.ly/3SHgPRR

Feb 1, 202419 min

Measuring Money in the Digital Age: Jim Tebrake

Behind any good policy stands good data. And as the global economy becomes increasingly digitalized, effective policy and regulation are critical to ensure a stable and equitable financial system. Jim Tebrake is Deputy Director and heads the data and methodology efforts in the IMF Statistics Department. In this podcast, Tebrake says the world of digital money is changing quickly and statisticians should be prepared to provide the data that policymakers need to respond effectively. Transcript: https://bit.ly/3Su8pgA Check out the latest IMF Statistical Forum at IMF.org

Jan 23, 202418 min

AI that Shares the Wealth: Stephanie Bell

Artificial intelligence has the power to transform society in so many ways, but only a small number of companies in an even smaller number of countries hold the keys to AI's development. So what happens when a narrow swath of humanity makes choices that will impact everyone else? Stephanie Bell is a Senior Research Scientist at the Partnership for AI and led the creation of the Guidelines for Shared Prosperity. In this podcast, Bell says guidelines are needed to ensure AI's development trajectory serves humanity. Transcript: https://bit.ly/3tFhdGY

Jan 4, 202421 min

AI's Leg Up for the Learning Poor: Shankar Maruwada

Artificial intelligence is changing the way we work and for many it's scary. But for teachers in India's million-plus schools, AI is a welcome partner in solving the learning poverty problem. Shankar Maruwada is the Co-founder and CEO of EkStep Foundation, which develops AI to help improve the public education system. In this podcast, Maruwada and journalist Rhoda Metcalfe discuss how AI can close the literacy gap. Transcript: https://bit.ly/3RNAZJy Read Unlocking India's Potential With AI in a special AI edition of Finance and Development Magazine at IMF.org/fandd

Dec 18, 202317 min

AI's Real Risk to Wages: Andrew Berg and Maryam Vaziri

The pace at which artificial intelligence is transforming jobs is astounding, but while it boasts higher productivity AI is also increasing wage inequality. When workers are replaced by machines, real wages decline, and the owners of capital prosper. So who owns AI and how should its benefits be distributed? In this podcast, the IMFs Andrew Berg and Maryam Vaziri discuss AI's inequality problem, the subject of their article in December's special AI edition of Finance and Development magazine. Berg is Deputy Director, and Vaziri is an economist, both in the IMF Institute for Capacity Development. Transcript: https://bit.ly/3NdgRxR

Dec 7, 202325 min

Daniel Susskind: AI's Transformation of Labor

There's no question that Artificial Intelligence will increase productivity- but at what cost? What happens when systems out-perform not only factory workers but society's most esteemed professions? Daniel Susskind has written two thought-provoking books on how AI is changing the nature of work and what tomorrow's labor market will look like. Susskind is a research professor at King's College London and a senior research associate at the Institute for Ethics in AI at Oxford University. In this podcast, Susskind speaks with journalist Rhoda Metcalfe about how encouraging technologies that complement rather than substitute human work would place fewer livelihoods at risk. Transcript: https://bit.ly/3T146Kj

Nov 30, 202322 min

Climate Goals and Debt: A Fiscal Balancing Act

Global warming is wreaking havoc on so many levels, but climate action is costly and presents policymakers with difficult tradeoffs. High debt, rising interest rates, and weaker growth prospects make public finances harder to balance and climate goals harder to achieve. This is where fiscal policy and climate mitigation meet and why the IMF Fiscal Affairs Department is trying to help countries manage their limited resources. Economists Christine Richmond and Raphael Lam work on climate policy and the annual publications of the IMF Fiscal Monitor. In this podcast, they say governments now face a policy trilemma between achieving climate goals, fiscal sustainability, and political feasibility. Transcript: https://bit.ly/3sT6JmP

Nov 28, 202320 min

Ian Parry: Carbon Pricing and the Power of a Good Idea

Carbon pricing is steadily emerging as one of the most viable solutions to reducing global emissions, but shedding its contentious past to build a global consensus is still a work in progress. Economist Ian Parry has championed the idea of carbon pricing long before it was fashionable- or even considered feasible by more than a handful of countries. Parry is the principal environmental fiscal policy expert in the IMF Fiscal Affairs Department and has made it his mission to present- on behalf of the institution, the benefits of incorporating climate risks into the cost of doing business through a carbon tax. Transcript: https://bit.ly/47jrAP7

Nov 20, 202314 min

Women in Economics: Catherine Kling on Nature's Real Worth

Having access to nature can improve lives. Walking through the forest or by a lake occasionally is proven to have both physical and psychological benefits. But nature is a resource that is undervalued in our economies, and all too often left off the balance sheet. Catherine Kling says determining the true economic value of nature will help foster its preservation. Kling is an environmental economist at Cornell University in the Dyson School of Applied Economics and Management and has focused much of her career on creating the kind of data that encourages governments to include the value of nature in their economic decision-making. In this special episode of our Women in Economics series, Kling and Journalist Rhoda Metcalfe discuss why putting a price tag on nature will help save it. Transcript: https://bit.ly/3QHpRvZ

Nov 16, 202325 min

RBI Governor Shaktikanta Das on the New Frontier for Central Banks

The world of money is changing fast and central banks are at the very center of that change. Shaktikanta Das is the Governor of the Reserve Bank of India, which is responsible for regulating currency and securing monetary stability for the world's 5th largest economy. Das is also an innovator and a pioneer when it comes to Central Bank Digital Currencies or CBDCs. In this podcast, Das sits down with IMF Asia and Pacific Department head, Krishna Srinivasan, to discuss RBI's strategy for today and for the future. The conversation took place as part of the Governor Talks series held during the Annual Meetings in Marrakech. Watch the webcast at IMF.org

Nov 9, 202323 min

Jamaica's Nigel Clarke: Stability First then Growth

Navigating an economy through multiple crises is not for the faint-hearted. Policy responses must be quick- often with little to go on, and decisions have lasting effects. Nigel Clarke has been Jamaica's Minister of Finance since 2018 and led its economy through the pandemic as well as devastating natural disasters caused by climate change. In this podcast, Clarke sits down with IMF Western Hemisphere Department head, Rodrigo Valdés, to discuss Jamaica's strong track record of investing in institutions and prioritizing macroeconomic stability. The conversation took place as part of the IMF's Governor Talks series held during the Annual Meetings in Marrakech. Watch the Webcast at IMF.org

Nov 2, 202316 min

Building Resilience in Uncertain Times: Per Jacobsson Lecture

With the years of access to cheap money behind them and the effects of climate change and geopolitical tensions only getting worse, what does resilience look like for emerging market economies? This year's Per Jacobbson lecture brings together three influential thinkers to discuss how countries can work towards economic resilience in an era of greater uncertainty. The talk features Lesetja Kganyago, Governor of the Reserve Bank of South Africa, Masood Ahmed, President of the Center for Global Development, and is moderated by Guillermo Ortiz, former Governor of the Bank of Mexico.

Oct 24, 202337 min

Dilip Ratha on the Power of Remittances

Millions of families around the world- even some countries, rely on workers living abroad to keep their economies afloat. In fact, global remittances reached a record $647 billion in 2022—three times that of official development assistance. Dilip Ratha is lead economist for migration and remittances at the World Bank. In this podcast, journalist Rhoda Metcalfe asks Ratha about his own experiences growing up in rural India and how they led him to become a leading voice on the power of remittances to reduce global poverty. Ratha says remittances are timely, large, stable, and best of all, they are countercyclical. Transcript: https://bit.ly/3QlDhyU Read Resilient Remittances at IMF.org/fandd

Oct 19, 202319 min

Fabio Natalucci on Financial Stability: Soft Landing or Abrupt Awakening

Most economies have shown resilience through the steepest series of rate hikes in decades. But inflation remains stubbornly high in some countries, which is proving a challenge for global monetary policy going forward. The latest Global Financial Stability Report (GFSR) examines all the worrying trends including the corporate world's dwindling cash buffers and the risk of underinvesting in climate mitigation. Fabio Natalucci heads the GFSR. In this podcast, he says risks to the world economy remain high. Transcript: https://bit.ly/3Q8LjLn Read the full report at IMF.org/GFSR

Oct 10, 202322 min

Kristalina Georgieva: Building Bridges to Strong Future Growth

International cooperation is weakening. The bridges that connect countries are corroding as trade and investment barriers are rising, and Africa stands to suffer the biggest economic losses from severe fragmentation. IMF Managing Director Kristalina Georgieva kicked off the 2023 Annual Meetings in Marrakech with her customary curtain raiser speech from Cote d'Ivoire. It's the first time since 1973 that the Annual Meetings are held in Africa and Georgieva says it's an opportunity to pave the way to the next 50 years. Transcript: https://bit.ly/3LRsJoC Go to IMF.org to follow the Annual Meetings and find all the IMF flagship reports, including the World Economic Outlook, the Global Financial Stability Report, and the Fiscal Monitor.

Oct 6, 202325 min

Women in Economics: Eliana La Ferrara on Social Norms and Development

A functioning economy provides people with access to credit, insurance, and, among other things, investment opportunities. But what happens in poor communities where they are landless and have no wealth? Eliana La Ferrara says the social structure within those communities offers the collateral they need to make the economy work. La Ferrara is a Professor of Public Policy at Harvard Kennedy School and an award-winning economist whose work has helped us understand how the economics of the poor are deeply interwoven into the social fabric and norms of their communities. Journalist Rhoda Metcalfe sat down with La Ferrara to discuss her work in Africa, and how she came to focus on development issues that are often overlooked. The interview is part of the IMF series on extraordinary Women in Economics. Transcript: https://bit.ly/3ZwnH6k

Sep 27, 202322 min

Andrea Presbitero on Rewards Cards and Wealth Inequality

Credit cards that offer rewards like travel discounts seem a good idea, but rewards cards can be costly for anyone who keeps a running balance. So should there be rules around who gets one? IMF economist Andrea Presbitero is coauthor of a study that looks at the distributional impact of rewards cards. In this podcast, Presbitero says while the high interest rates and penalties associated with these cards can widen wealth inequality, limiting access is not the answer. Transcript: https://bit.ly/3r5fzwY

Sep 7, 202319 min

Gouverneur Abdellatif Jouahri sur les réformes qui ont mis le Maroc sur la bonne voie

Abdellatif Jouahri est le gouverneur de Banque Al-Maghrib depuis 2003 et l'homme derrière les grandes réformes qui ont fait du Maroc l'une des économies les plus importantes de la région du Moyen-Orient et de l'Afrique du Nord (MENA). Dans cet épisode, Jouahri s'entretient avec Taline Koranchelian, directrice adjointe du Département Moyen-Orient et Asie centrale du FMI pour évoquer sa longue et éminente carrière. Leur conversation a eu lieu à la veille des Assemblées Annuelles 2023 qui se tiendront au Maroc en octobre.

Aug 31, 202331 min

Women in Economics: Nina Pavcnik on Trade and Development

The dramatic opening up of markets to international trade over the past 30 years has been a boon to many developing economies but it has not benefitted everyone. Nina Pavcnik grew up in Yugoslavia and witnessed firsthand the effects of open markets on the lives of people across the border. Pavcnik is now Professor of Economics and International Studies at Dartmouth College and has become an authority on how international trade affects the poor. In this podcast, Journalist Rhoda Metcalfe sits down with Pavcnik to talk about her research as part of our series on extraordinary Women in Economics. Transcript: https://bit.ly/3YFlMMg

Aug 16, 202321 min

Euro Area Inflation and how Import Prices, Profits, and Wages fit in

While import prices account for much of Europe's inflation, its outlook largely depends on how companies absorb wage gains as higher prices erode workers' purchasing power. IMF economist Frederik Toscani studies inflation and monetary policy in the Euro Area and is coauthor of a new paper that breaks inflation down into labor costs, import costs, taxes, and profits. In this podcast, Toscani says corporate profits account for 45 percent of price rises since the start of 2022. Transcript: https://bit.ly/454o3Tk

Aug 3, 202313 min

Jookyung Ree on the eNaira, One Year After

Nigeria's eNaira was the first Central Bank Digital Currency in Africa and only the second in the world when it launched in October 2021, but a growing number of countries across the globe are now planning to follow suit with their own CBDCs. What can they learn from Nigeria's experience? Jookyung Ree is an economist in the IMF African Department and assigned to Nigeria when the CBDC was introduced. Ree has since studied its impact on the economy and found that existing mobile money networks are proving a challenge to the eNaira's adoptability. In this podcast, Ree says the eNaira will need to complement mobile money systems to convince more Nigerians to use it. Transcript: https://bit.ly/3Qb2FI5

Jul 20, 202322 min

Ruud De Mooij on Taxing Crypto

Since their inception in 2008, the contentious rise of crypto assets has been dramatic. Their market value has been as high as $3 trillion and about $50 million is transacted in crypto every day. But what does this brave new world of cryptographically-protected distributed ledgers mean for traditional tax systems? Ruud De Mooij is Deputy Director of the IMF Fiscal Affairs Department and heads its work on taxation. In this podcast, De Mooij says finding ways to tax crypto will mean significant revenue gains for governments and lead to a fairer global tax system. Transcript: https://bit.ly/3O1Hwyt Read the blog and IMF.org/blogs

Jul 6, 202317 min

Noah Kaufman on Green Trade Tensions

The passage of the Inflation Reduction Act in the United States unleashed its largest investment in climate and energy ever. But it also left many countries questioning some of its protectionist provisions, accusing the US of bending, if not breaking international trade rules under the WTO. So how do we move forward on climate without going backward on trade? Noah Kaufman says international trade rules need to be redesigned if protectionism is not to become an unintended consequence of green industrial policy. Kaufman is a senior research scholar at Columbia University's Center on Global Energy Policy and served in the Biden Administration's Council of Economic Advisors. Transcript: https://bit.ly/3CwHIiw

Jun 15, 202322 min

Women in Economics: Claudia Goldin on Family Economics

The history of economics has largely been written by men about men. Even when the economics of family became a burgeoning field of study in the 1970s, the woman's role was hardly talked about. Claudia Goldin is a pioneer in the field of gender economics and her latest book Career and Family places women squarely at the center of the family economics story. Goldin is the Henry Lee Professor of Economics at Harvard University and an economic historian. Journalist Rhoda Metcalfe sat down with Claudia Goldin to discuss her work and how she came to write the definitive book on gender economics Understanding the Gender Gap. The interview is part of the IMF series on extraordinary Women in Economics. Transcript: https://bit.ly/3oYUEdO

Jun 9, 202322 min

Michele Ruta on Discriminatory Regionalism

As rising geopolitical tensions chip away at globalization, will a more fragmented world mean stronger regional pacts? Economist Michele Ruta says regionalism in a time of conflict is unlikely to triumph, but rather is likely to change. The trend toward strengthening ties with friends and loosening them with non-friends is making regional trade less about integration and more about discrimination. Transcript: https://bit.ly/3MHNbIc

Jun 1, 202326 min

Nadia Fettah and Jihad Azour: Morocco Gives Voice to the Global South

Like so many countries across the Middle East and North Africa, Morocco faced successive shocks over the past three years including a devastating drought. But the country managed well thanks to an aggressive reform agenda. In this podcast, Morocco's Finance Minister Nadia Fettah, and IMF Regional Director Jihad Azour, discuss how Morocco is keeping reforms on track despite the challenging circumstances, and what lessons other countries in the region might learn from Morocco's experience. Their conversation was part of the Governor Talks series hosted by the IMF during the IMF-World Bank Spring Meetings, and a preamble to the Annual Meetings to be held in Marrakesh this fall. Watch the webcast at IMF.org

May 26, 202326 min

Ruchir Agarwal on Industrial Policy

Industrial policy refers to a set of policies that governments use to bolster national industries or companies deemed strategically important for economic competitiveness, social outcomes, or national security. The approach has been used in many countries to create global giants like Huawei, General Electric, Volkswagen, and Airbus to name a few. Economist Ruchir Agarwal is currently studying industrial policy, among other things, at the Yale School of Management and Harvard Kennedy School. In this podcast, Agarwal says while the practice of choosing national champions fell out of favor in the 1980s, rising geopolitical tensions of late have sparked a renewed interest in industrial policy, which can be a guise for protectionism. Transcript: https://bit.ly/3oxgswS

May 22, 202326 min

Helping African Farmers from the Sky

Agricultural productivity in Africa has lagged behind for decades, and now climate change is making things worse. But for Hamza Rkha Chaham, the prospect of helping African farmers increase crop yields prompted him to launch a startup that is transforming lives. Chaham was only 27 years old in 2018 when he co-founded SOWIT, a company that uses processed satellite imagery to provide farmers with invaluable data to optimize decisions related to irrigation and fertilization. In this podcast, he says startups in Africa can be challenging on many levels, but the rewards far outweigh the risks. Transcript: https://bit.ly/3NZcRSG

May 9, 202324 min

Nicolas Kazadi on DRC's Natural Wealth and the Energy Transition

The Democratic Republic of the Congo faces many challenges to its development, but the country's natural wealth has the potential to lift more people out of poverty and help the world make the transition to renewable energy. In this podcast, IMF African Department head Abebe Aemro Selassie sits down with DRC's Minister of Finance, Nicolas Kazadi to discuss the country's pivotal role in the fight for climate preservation and sustainable development. Their conversation took place as part of the Governor Talks series hosted by the IMF during the IMF-World Bank Spring Meetings.

Apr 28, 202319 min

Gillian Tett on Anthropology for the Modern Economist

Economists often share a common understanding of the world based on their training and what they've learned from other like-minded professionals. In this podcast, author and Financial Times journalist, Gillian Tett says anthropology offers insights into public policy challenges and helps economists better understand socioeconomic problems. IMF Deputy Secretary, Sabina Bhatia, sits down with Gillian Tett to discuss her recent book Anthro-Vision, a New Way to See in Business and in Life. The conversation took place before a live audience during the IMF and World Bank Group Spring Meetings. Watch the webcast at IMF.org.

Apr 21, 202334 min

Global Financial Stability Tested by Higher Inflation and Interest Rates

Financial stability never comes easy, but the past few months have been especially challenging with persistently high inflation and two bank failures in the United States that exposed vulnerabilities lurking beneath the surface. The latest Global Financial Stability Report (GFSR) examines all the worrying trends including the potential economic impact of rising geopolitical tensions. Fabio Natalucci heads the GFSR. In this podcast, he says while regulatory changes put in place after the Global Financial Crisis have made the financial system more resilient, recent events may be a harbinger of more systemic stress to come. Transcript: https://bit.ly/41zCPQv Read the full report at IMF.org/GFSR

Apr 11, 202317 min

UN Refugee Chief Filippo Grandi on Where Economics Fits In

Financial stability is not only about managing inflation, employment rates and spending, it's about understanding how those factors affect people in different places and in all kinds of circumstances. In this podcast, the United Nations High Commissioner for Refugees, Filippo Grandi, discusses how strategic partnerships between humanitarians and economists will help support the millions of forcefully displaced people in the world and provide a firmer footing for an economic recovery. Transcript: https://bit.ly/3Mnnq13

Apr 6, 202316 min

Abebe Aemro Selassie and Ken Opalo on Making Reforms Stick in Africa

As global economic uncertainty surges, Sub-Saharan Africa faces a host of challenges that will require effective policy responses if it is to regain the ground it lost during the pandemic. But what does it take to design and implement successful policy reforms? In this podcast, IMF African Department head Abebe Aemro Selassie and Georgetown University's Ken Opalo discuss why some reforms work and others do not. This conversation is part of a series of talks hosted by the IMF African Department called Africa Perspectives. Watch the webcast: www.imf.org/en/News/Seminars/Conferences/2022/06/10/africa-speaker-series#

Mar 30, 202339 min