(AGENPARL) - Roma, 9 Dicembre 2022 - (AGENPARL) – ven 09 dicembre 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 global food prices, the economic benefits for Latin America of Venezuelan migration, Daniel Yergin on the energy transition, Seema Jayachandran on women’s lives, foreign investment, public debt, Europe’s house prices, fintech and remittances, and much more.
Global Outlook
Why Countries Must Cooperate on Carbon Prices
(FOOD AND AGRICULTURE ORGANIZATION/LUIS TATO)
Food prices, which reached a record earlier this year, have increased food insecurity and fanned social tensions. They have also strained the budgets of governments struggling with rising food import bills and diminished capacity to fund social protection for the most vulnerable.
To defend against new price surges and allow food and fertilizer to flow to those who need it most, the authors say it is vital that international trade remains free.
The Black Sea grain corridor has facilitated cereal exports from Ukraine and brought down prices to pre-invasion levels, mitigating global hunger.
“It is important that there’s also global access to fertilizers, by eliminating trade barriers that are limiting global supply, either directly or as a by-product of the international sanctions imposed on Russia.”
Latin America
(ADOBE STOCK/HUGOALX)
With the right support and integration policies, migration from Venezuela has the potential to increase real GDP in Peru, Colombia, Ecuador, and Chile by 2.5 to 4.5 percentage points relative to a no-migration baseline by 2030, the authors say.
“To reap the benefits from migration, host countries need to integrate the new arrivals into the formal labor force—and society—by promptly offering them work permits and access to education and healthcare.”
(ISTOCK/YEVHEN LAHUNOV)
Four challenges—energy security, macroeconomic impacts, the North-South divide, and minerals—will each have significant effects on how the energy transition unfolds, he writes.
“None are easy to grapple with—and they will interact with each other, which will compound their impacts. But recognizing them will promote deeper understanding of the issues and requirements in seeking to achieve the energy transition.”
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WEEKLY ROUND-UP
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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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