IMF Podcasts

Estonians rarely stand in line for anything anymore. Estonia ranks among the most digitally advanced countries in the world and virtually all government services are now offered online. Estonia is also where Skype was born. In this podcast, Estonia's Chief Information Officer, Siim Sikkut talks about how technology has transformed Estonia's economy, and an e-residency program that is wooing more s...

With public debt on the rise in sub-Saharan Africa, boosting the private sector has become more important than ever. Zhi Yong Heng is a private investor for TLG Capital, an investment firm that focusses on equity opportunities in Africa. In this podcast, Heng says investors are missing out on great investment opportunities because of misperceptions of the risks and the business environment in the...

The latest Regional Economic Outlook for Sub-Saharan Africa shows a modest uptick in growth largely driven by stronger global growth and higher commodity prices. In this podcast the IMF's Papa N'Diaye, says it's time to implement reforms that will firm up the recovery. The study shows growth picking up from 2⅔ percent in 2017 to 3½ percent in 2018. N'Diaye heads the team of IMF economists who writ...

When people trust their government, good things happen. They're much more likely to pay their taxes and support those large infrastructure investment projects that help economic growth. A new IMF paper on the institution's role in governance issues shows that high corruption means less growth and more inequality. In this podcast, Lea Giménez Duarte talks about how Paraguay has benefited from a tra...

The Global Financial Stability Report, or GFSR , is published twice a year and looks at the risks facing the global financial system. The objective is to prevent future crises by highlighting policies that might help mitigate some of those risks. In this podcast, the IMF's Fabio Natalucci suggests investors stay attuned to risks associated with rising interest rates and protectionism. Natalucci he...

While the word hack sounds nefarious there's nothing sinister about a hackathon. It is a creative brainstorming event that brings together people from the private sector, government, academia, civil society and technical experts to devise solutions to help governments raise revenues. In this podcast, economist Katherine Baer talks about her recent experience in hackathons in Senegal, Uganda and Iv...

Economic shocks and climate change increase the risk of conflict. If current trends continue, 80 percent of the world's poorest people will live in fragile states by the year 2030. This means the work of development will increasingly be about how to prevent conflict and how to achieve positive change in post-conflict and fragile states. In this podcast, DfID's chief economist Rachel Glennerster, s...

Some economists would argue that extreme weather can increase criminal behavior by reducing incomes—especially in the agriculture sector. But in this podcast, economist Gordon McCord says the psychological effect of higher temperatures on violent behavior plays a prominent role. McCord is coauthor of a study that uses data from homicides in Mexico spanning 15 years, and considers the impact of a c...

Promoting gender equality can be an economic game changer. The IMF's latest economic review of Nigeria's economy says closing the gender gap would mean higher growth and productivity, and greater economic stability. In this podcast, IMF economist and coauthor, Monique Newiak, says Nigerian women could help transform the economy given the chance. The report says Nigeria suffers from wide-spread gen...

Nigeria's economy is picking up according to the IMF's latest economic review . Growth hit 0.8 percent in 2017 after contracting by 1.6 percent in 2016. The report attributes the increase—in part—to the recent recovery in oil prices. But as the country emerges from recession, the IMF's Amine Mati says following through on planned reforms regardless of oil price swings and upcoming elections, is ke...

Major discoveries of oil and gas deposits have always been cause for celebration in developing countries, in anticipation of the potential financial windfall. But research has shown that countries with abundant revenues from natural resources often tend to have less economic growth and more social problems than do non-resource-rich countries. And in this podcast, World Bank economist James Cust sa...

Incomes for Europe's youth declined after the 2007 global financial crisis—largely due to unemployment. And while things have recovered somewhat, the trend toward short-term work and less stable jobs has meant incomes have not grown and young people are now more likely to fall into poverty. Meanwhile, Europeans 65 and older have seen incomes increase by 10 percent. New research by IMF staff looks...

In the new world of lower commodity prices, many sub-Saharan African countries are having to diversify their economies. And while sub-Saharan Africa has had periods of rapid growth, the process by which workers move from low-productivity jobs to better paying higher productivity jobs has been slower than in other regions. The IMF's latest Regional Economic Outlook for sub-Saharan Africa devotes an...

Populism has become a bit of a buzz word of late. It's often at the very center of debates about politics and elections. But what about the economic implications of populism? That was the subject of a seminar at this year's American Economic Association's Annual Meeting. The panel was organized by the IMF's Antonio Spilimbergo, and included economic heavyweights Dani Rodrik, Raghuram Rajan, and po...

While technology is reshaping economies around the world, a recent book published by the World Bank suggests developing countries are missing out on a huge opportunity. In this podcast, economist William Maloney , says the potential returns on investment into Research and Development by developing countries are astounding, and could dwarf international aid flows. Yet, developing country firms and...

There are many layers to development. Sometimes there's a need where the solution is not at all obvious. But other times it's simply about connecting the dots- when the solution is available but out of reach due to the lack of infrastructure like roads, power lines or telephone wires. Technology is helping connect those dots more than ever before, and the phenomenon has come to be known as leapfro...

Gross domestic product, or GDP, is the one statistic that almost everyone knows is used to measure economic growth. But in this podcast, economist Diane Coyle suggests GDP may be a poor measure of prosperity. With all the technological advances in recent years one would expect that economies have become more productive. But when measured in GDP the numbers show the opposite is true. Coyle refers t...

2 years after 195 countries came together under the Paris Agreement to combat the effects of climate change, leading climate economist Nicholas Stern remains cautiously optimistic. In his landmark report on the impact of climate change published in 2006, Stern warned that the cost of inaction would be far greater for future generations than the costs of actions taken to reduce carbon emissions. In...

Blockchain technology is a shared, public ledger of transactions that's open to inspection but not subject to any form of central control. And while it offers potential for a variety of applications, its most famous is providing the platform for virtual currencies like bitcoin. Peter Smith is co-founder and CEO of Blockchain, and in this podcast, he talks about the evolution of crypto currency fin...

For much of the past century the 9 to 5 job with benefits at a firm was what most people associated with financial stability. But as technology reshapes the labor market, more people are branching out on their own. A new report by Freelancers Union says freelancers will be the majority of the US workforce within 10 years if the current trend continues. In this podcast, Sara Horowitz, Executive Dir...

In September 2017, the Caribbean was hit by the most powerful Atlantic hurricane in recorded history. Irma's 185 mile per hour winds left several countries devastated. During a seminar on sovereign debt at the IMF World-Bank Annual meetings, Grenada's Prime Minister and chair of CARICOM , Keith Mitchell, said catastrophe risk insurance could help vulnerable countries mitigate some of the risk from...

When the government of India last year declared that much of its currency in circulation would cease to be legal tender, digital transactions surged. Mobile payment platforms like PayTM stepped in to fill the void, and in the process­ are providing financial services to millions of people unable to open a traditional bank account. In this podcast, PayTM's Madhur Deora, says financial technology is...

Les dernières perspectives de l'Afrique subsaharienne portent à croire que le ralentissement généralisé s'atténue. Dans ce podcast, coauteur Jarek Wieczorek, explique la croissance s'accélère, mais la dette publique augmente aussi. « Si la tendance actuelle persiste, la dette deviendra insoutenable dans plusieurs de pays ». Jarek Wieczorek, chef de la division des études régionales au Département...

The IMF's latest regional economic outlook for Sub-Saharan Africa suggests the broad-based slowdown in sub-Saharan Africa is easing. In this podcast, co-author Jarek Wieczorek, says growth is up slightly from last year, but so is public debt. " If we maintain the trend we saw in the last 3 years, the debt will become unsustainable in many sub-Saharan African countries ." Contributors: Jarek Wieczo...

As new technology rapidly transforms the financial services sector, central bankers are faced with mitigating risks without stifling innovation. But In this podcast, South Africa's Central Bank Governor, Lesetja Kganyago, says inflation, currency depreciation, and political uncertainty remain his biggest challenges. Kganyago joined a panel discussion on what Fintech means for central banking durin...