Category: international organisations
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Debt Dilemmas 2024
As the global economy adapts to the aftermath of the COVID-19 pandemic, the challenges faced by low- and middle-income countries (LMICs) in managing external debt have reached critical levels. The 2024 International Debt Report, published by the World Bank, offers a comprehensive analysis of global debt trends, highlighting the mounting…
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Measuring Economic Potential Beyond GDP
Understanding a country’s economic potential is crucial to formulating effective policies, sustaining growth, and improving lives. Traditional metrics like Gross Domestic Product (GDP) offer a limited snapshot, focusing primarily on output without fully capturing the capacity to produce goods and services sustainably or inclusively. Recognizing this gap, the United Nations…
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Commentary on Global Growth
1. Inflation Eases Across Economies Global headline inflation, after peaking at 9.4% in Q3 of 2022, is projected to decline to 3.5% by the end of 2025, which would place it slightly below the pre-pandemic average of the previous two decades. This easing is attributed to aggressive monetary policies by…
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Empowering Women Economically: Insights from the World Bank’s Strategic Initiatives
The World Bank’s recent initiatives focus on leveraging digital technologies and financial innovations to empower women economically. This approach aims at reducing systemic barriers, enhancing access to capital, and enabling sustainable opportunities for women, going beyond short-term financial aid. By focusing on creating efficient registries, digital cash transfers, and access…
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Erosion of Trust in Global Institutions: A Call for Reform in the WTO, IMF, and World Bank
In an increasingly interconnected world, trust in global institutions has historically provided the foundation for international cooperation, economic stability, and the facilitation of trade and development. Yet, this trust is eroding, especially among developing countries, as these institutions—the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World…
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Summary of World Bank Development Report 2024
Part 1: Middle-Income Transitions Chapter 1: Slowing Growth– Growth in middle-income countries tends to slow more frequently than in low or high-income countries.– Strategies that previously worked during low-income phases, such as capital investment, show diminishing returns.– Weaker institutional frameworks and low economic/political freedoms increase susceptibility to slowdowns. Chapter 2:…
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Global Economic Policy Coordination
In today’s interconnected world, where economic tremors in one region can send shockwaves across the globe, the need for robust international economic policy coordination has never been more critical. International organizations like the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO) play pivotal roles in…
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Navigating the Depths of China’s Debt Trap Diplomacy
In recent years, China’s debt trap diplomacy has reverberated across the globe, raising alarms about the economic vulnerabilities and sovereignty risks faced by countries falling into this trap. As India’s neighboring countries grapple with mounting debt burdens linked to Chinese loans, the case of Maldives stands out as a poignant…
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The IMF’s Climate Awakening
In the hallowed halls of the International Monetary Fund (IMF), a quiet revolution is unfolding. This bastion of global financial stability, long focused on the intricate dance of currencies and fiscal policies, has awakened to a new and formidable challenge – the towering threat of climate change. Once content to…
"Connecting communities, empowering nations: Unifying the Regional and Global Economy ." 