(AGENPARL) - Roma, 30 Settembre 2022 - (AGENPARL) – ven 30 settembre 2022 The latest IMF analysis of global economics, finance, development and policy issues shaping the world. []
[IMF Weekend Read]
Dear Colleague,
In today’s edition, we spotlight the IMF’s response to the global food crisis, Barbados’s access to $183 million in climate finance, crypto’s trust deficit, gender disparities and economic recovery, Asia’s digital innovation, industrial policy, digital jobs during the pandemic, and much more.
Food Crisis
Why Countries Must Cooperate on Carbon Prices
(TOM FISK/PEXELS; MAGNIFIER AND AABOIKIS/GETTY IMAGES; GRISHA BRUEV/STOCKSNAPPIXABAY)
Acute food insecurity threatens the lives and livelihoods of 345 million people. The suffering is worst in 48 countries, many highly dependent on food imports from Ukraine and Russia. The financial costs of the crisis are rising, too.
In many countries, policymakers have introduced fiscal measures to protect people from the food crisis. Highly exposed countries will need as much as $7 billion this year alone to help the poorest households, according to staff estimates.
“The international community must…take decisive action to ensure that the needed financing is in place,” Georgieva writes.
Yet the recent rout in crypto valuations has underscored the failure to fulfill the requirements of a monetary system that fully serves society. These shortcomings are not just bugs but structural flaws.
“The monetary system of the future should harness the new technical capabilities demonstrated by crypto but be grounded in the trust central banks provide,” they write.
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(IMF PHOTO/KIM HAUGHTON)
IMF PHOTO/SAUMYA KHANDELWAL)
WEEKLY ROUND-UP
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MARK YOUR CALENDAR
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Nick Owen
Editor
IMF Weekend Read
Thank you again very much for your interest in the Weekend Read! Be sure to let us know what issues and trends we should have on our radar.
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