(AGENPARL) – mar 28 gennaio 2025 International initiatives must complement, not duplicate, national health strategies.
F&D header [ https://www.imf.org/en/Publications/fandd?utm_medium=email&utm_source=govdelivery ]
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How to Heal Health Financing [ https://www.imf.org/en/Publications/fandd/issues/2024/12/how-to-heal-health-financing-victoria-fan?utm_medium=email&utm_source=govdelivery ]
*DECEMBER 2024*
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Global health [ https://www.imf.org/en/Publications/fandd/issues/2024/12/how-to-heal-health-financing-victoria-fan?utm_medium=email&utm_source=govdelivery ]
(Credit: Guerchom Ndebo/Getty Images)
Dear Colleague,
Failure to learn from the response to COVID-19 could have grave consequences for global health.
Writing in F&D, the Center for Global Development’s *Victoria Fan* and *Sanjeev Gupta* say that the pandemic exposed significant holes in the current international framework, including lack of coordination among multiple organizations and unequal vaccine distribution between high- and low-income countries.
Developing economies urgently need additional health resources. But existing resources must be spent efficiently, and coordination between international donors, public and private, should be improved, the authors say.
“A multipronged approach that prioritizes strengthening country health systems and integrates global initiatives into national strategies could have a lasting impact on health outcomes in these countries.”
*Read the article* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/how-to-heal-health-financing-victoria-fan?utm_medium=email&utm_source=govdelivery ]
The Economics of Housing
December cover [ https://www.imf.org/en/Publications/fandd?utm_medium=email&utm_source=govdelivery ]
Housing plays a transformative role in shaping national economic outcomes, yet is often missing from macroeconomic analysis. F&D details how housing and the economy interact, recent challenges, and potential solutions that can make real-estate markets work for everyone.
F&D’s latest issue is now available in Arabic [ https://www.imf.org/ar/Publications/fandd?utm_medium=email&utm_source=govdelivery ], Chinese [ https://www.imf.org/zh/Publications/fandd?utm_medium=email&utm_source=govdelivery ], French [ https://www.imf.org/fr/Publications/fandd?utm_medium=email&utm_source=govdelivery ], Japanese [ https://www.imf.org/ja/Publications/fandd?utm_medium=email&utm_source=govdelivery ], Russian [ https://www.imf.org/ru/Publications/fandd?utm_medium=email&utm_source=govdelivery ], and Spanish [ https://www.imf.org/fr/Publications/fandd?utm_medium=email&utm_source=govdelivery ].
Feature Articles*
*Walkways, Not Walls* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/walkways-not-walls-prakash-loungani?utm_medium=email&utm_source=govdelivery ] | There are benefits to better connecting macroeconomics with real estate economics | *Prakash Loungani* 
*The Housing Affordability Crunch [ https://www.imf.org/en/Publications/fandd/issues/2024/12/the-housing-affordability-crunch-deniz-igan?utm_medium=email&utm_source=govdelivery ]* | A newly developed dataset shows how the pandemic’s aftermath ushered in the worst housing affordability crisis in more than a decade | *Deniz Igan *
**The True Cost of Living [ https://www.imf.org/en/Publications/fandd/issues/2024/12/the-true-cost-of-living-marijn-bolhuis?utm_medium=email&utm_source=govdelivery ]** | Sharply higher borrowing costs, especially for housing, fueled a disconnect between inflation statistics and consumer sentiment | ***Lawrence Summers*, *Marijn Bolhuis ***and ***Judd Cramer***
*China’s Real Estate Challenge* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/chinas-real-estate-challenge-kenneth-rogoff?utm_medium=email&utm_source=govdelivery ] | Sliding property prices may presage a painful economic adjustment | *Kenneth Rogoff *and *Yuanchen Yang*
*São Paulo Reclaims Its Center [ https://www.imf.org/en/Publications/fandd/issues/2024/12/sao-paulo-reclaims-its-center-elizabeth-johnson?utm_medium=email&utm_source=govdelivery ]* | Brazil’s megalopolis combines federal and municipal programs to retrofit buildings in the downtown area | *Elizabeth Johnson*
*Housing Africa’s** Growing Population* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/housing-africas-growing-population-kecia-rust?utm_medium=email&utm_source=govdelivery ] | Deeper understanding of informality and better use of technology can build more sustainable housing markets | *Kecia Rust* 
*How To Spot Housing Bubbles* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/how-to-spot-housing-bubbles-enrique-martinez?utm_medium=email&utm_source=govdelivery ] | Early detection and mitigation can help deflate asset bubbles before they burst | *Enrique Martínez García* 
*Housing Markets and **Monetary Policy* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/housing-markets-and-monetary-policy-mehdi-andaloussi?utm_medium=email&utm_source=govdelivery ] | Comprehensive, country-specific understanding of housing and mortgage markets can help calibrate monetary policy | *Mehdi Benatiya Andaloussi, Nina Biljanovska *and *Alessia De Stefani* 
*Falling Out of Favor [ https://www.imf.org/en/Publications/fandd/issues/2024/12/falling-out-of-favor-maria-petrakis?utm_medium=email&utm_source=govdelivery ]* | Some countries are turning against foreign buyers as soaring property prices become political | *Maria Petrakis* 
*Hidden Fortunes* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/hidden-fortunes-chady-el-khoury?utm_medium=email&utm_source=govdelivery ] | How dirty money distorts real estate markets | *Chady El Khoury* 
display of three F&D covers from 2024 [ https://www.bookstore.imf.org/templates/fdec2?cid=imfo-com-compc-fdlanding&source=fdlanding&utm_medium=email&utm_source=govdelivery ]
Get an overview of the latest thinking on international economic challenges, interactions, and policy responses. 
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Also in this Issue
*The Mysteries of Cities and Economic Growth [ https://www.imf.org/en/Publications/fandd/issues/2024/12/point-of-view-the-mysteries-of-cities-and-economic-growth-david-cutler?utm_medium=email&utm_source=govdelivery ]* by *David Cutler* and *Edward Glaeser*
It’s impossible to think about economic growth without also thinking about cities’ vital role in connecting the world
*Emerging Markets’ Two-Way Traffic* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/point-of-view-emerging-markets-two-way-traffic-david-lubin?utm_medium=email&utm_source=govdelivery ] by *David Lubin*
Financially fragile economies are pursuing market-friendly reforms, while some stronger emerging market economies are doing the opposite
*Sharing the Road* [ https://www.imf.org/en/Publications/fandd/issues/2024/12/sharing-the-road-robert-zymek?utm_medium=email&utm_source=govdelivery ] by *Jiaxiong Yao and Robert Zymek*
Chinese electric cars will help some European economies and harm others, but tariffs would leave everyone worse off 
*GDP in the Future [ https://www.imf.org/en/Publications/fandd/issues/2024/12/gdp-in-the-future-bert-kroese?utm_medium=email&utm_source=govdelivery ]* by *Bert Kroese*
Complementary measures help assess our planet’s true wealth and how to increase it sustainably 
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Also in this issue, for *Back to Basics [ https://www.imf.org/en/Publications/fandd/issues/2024/12/back-to-basics-are-housing-markets-broken-hites-ahir?utm_medium=email&utm_source=govdelivery ]*, *Hites Ahir* asks: Are housing markets broken?
For *Picture This [ https://www.imf.org/en/Publications/fandd/issues/2024/12/picture-this-housing-costs-mount-marta-doroszczyk?utm_medium=email&utm_source=govdelivery ]*, *Marta Doroszczyk *shows how rising housing prices are piling pressure on the poorest.
Indonesia’s finance minister, *Sri Mulyani Indrawati*, discusses geopolitics, economic reform and being a role model for women for *In the Trenches [ https://www.imf.org/en/Publications/fandd/issues/2024/12/Trenches-relentless-reformer-sri-mulyani-indrawati?utm_medium=email&utm_source=govdelivery ]*. 
*Yuval Noah Harari *tells Bruce Edwards for *Café Economics [ https://www.imf.org/en/Publications/fandd/issues/2024/12/cafe-economics-humankinds-comparative-advantage-yuval-noah-harari?utm_medium=email&utm_source=govdelivery ]* that humans dominated the planet by telling stories but may soon no longer hold the pen
Gary Seidman profiles *Anne Case*, the longevity economist, for *People in Economics [ https://www.imf.org/en/Publications/fandd/issues/2024/12/people-in-economics-the-longevity-economist-gary-seidman?utm_medium=email&utm_source=govdelivery ]*.
And for *Currency Notes [ https://www.imf.org/en/Publications/fandd/issues/2024/12/currency-notes-from-corals-to-cricket-salsa-mazlan?utm_medium=email&utm_source=govdelivery ]*, *Salsa Mazlan* spotlights the East Caribbean Central Bank’s award-winning $2 banknote, featuring fecund reefs and a fearless batsman.
Finally, turning to books, *Jeff Kearns *reviews *”Money: A Story of Humanity [ https://www.imf.org/en/Publications/fandd/issues/2024/12/book-review-foundation-for-human-flourishing-jeff-kearns?utm_medium=email&utm_source=govdelivery ]”* by *David McWilliams*.
Elizabeth Van Heuvelen discusses *”Mapmatics: A Mathematician’s Guide to Navigating the World [ https://www.imf.org/en/Publications/fandd/issues/2024/12/book-review-math-maps-and-real-life-elizabeth-van-heuvelen?utm_medium=email&utm_source=govdelivery ]”* by *Paulina Rowi?ska*.
And Chris Wellisz reviews *Jeffrey Ding*’s *”Technology and the Rise of the Great Powers: How Diffusion Shapes Economic Competition [ https://www.imf.org/en/Publications/fandd/issues/2024/12/book-review-tomorrows-electricity-chris-wellisz?utm_medium=email&utm_source=govdelivery ]”*. 
We’d love to hear your thoughts and suggestions. Feel free to contact us.
Nick circle BW
*Nicholas Owen*
Managing Editor | F&D Magazine