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@IMFLive
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Events and live updates from International Monetary Fund.
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JUST RELEASED: The October 2022 World Economic Outlook projects global growth for 2022 at 3.2% and to slow to 2.7% in 2023. Read the latest analysis and projections, and follow the live press briefing here:
20
170
4K
TUNE IN: We are discussing new IMF research on the impact of the green economic transformation on jobs.
#greenjobs
🎙
@johnbluedorn
🎙
@njharbo
🎙
@CNBCJulianna
12
92
2K
IMF Chief Economist
@pogourinchas
: The energy and food crises and extreme climate events are a stark reminder of what an uncontrolled climate transition would look like. Focused multilateralism is key to overcoming catastrophic climate change.
#WEO
11
65
2K
IMF’s
@pogourinchas
: Overall, the 2022 shocks will re-open economic wounds that were only partially healed following the pandemic. For many people, 2023 will feel like a recession.
#WEO
9
64
2K
@pogourinchas
: The strength of the US dollar is driven mainly by fundamental forces such as rising interest rates in the United States and the energy crisis. Further appreciation could add to challenges in emerging markets.
#WEO
6
61
2K
Chief Economist
@pogourinchas
: We anticipate global inflation to peak at 9.5% in 2022 before decreasing to 4.1% by 2024. Inflation is also broadening well beyond food and energy.
#WEO
6
53
2K
.
@GitaGopinath
: The pandemic will have a lasting impact on intergenerational inequality as many children, especially in developing countries, lost countless days of school. Watch Gita discuss the road to recovery:
#DataForAction
4
51
1K
IMF’s
@aselassie
on priorities for African policymakers:
1. Accelerate vaccination campaign
2. Help vulnerable groups cope with higher fuel and food prices
3. Contain inflation without undermining the recovery
4. Weigh intervention in exchange rates carefully
4
24
731
.
@aselassie
: Sub-Saharan Africa’s future depends on greater diversification through trade, unleashing the private sector’s potential, and addressing climate change.
#IMFAfrica
2
18
583
.
@Ruchir_Agar
: By the end of this year, it is still possible to reach the target of vaccinating 40% of the population in every country by end-2021 – but with an urgent push now. Watch here:
#DataForAction
2
37
584
IMF's
@GitaGopinath
: A Russia-Ukraine conflict would likely lead to higher energy cost and keep inflation elevated for longer.
#WEO
7
51
549
What do you think is the biggest challenge to online learning during COVID?
#NewEcon
#IMFmeetings
Cost/Affordability
761
Internet Connection
680
Technical Knowledge
247
Other (please comment)
84
26
20
494
“The lack of regional manufacturing capacity in developing countries has worsened the vaccine inequity between high- & low-income countries, leading to a two-track recovery.” –
@GitaGopinath
&
@Ruchir_Agar
examine where the world needs to make progress.
3
32
466
IMF's
@GitaGopinath
: We remain in the grip of the pandemic that we estimate will cost the global economy $13.8tln by 2024. The IMF pandemic proposal was for $50bln, and the remaining financing gap is 16bln. It's pretty obvious that we should close this gap.
5
17
381
🆕 Sub-Saharan Africa’s economy will slow to 3.8% in 2022 because of the war in Ukraine. Read our analysis in the latest Regional Economic Outlook.
#IMFAfrica
0
12
379
.
@aselassie
: The war in Ukraine compounds existing severe policy challenges for sub-Saharan Africa. Most countries are seeing their growth stall with high risk of slower growth.
#IMFAfrica
0
16
375
.
@FederalReserve
's Powell: Central bank digital currencies could improve the payment system.
#CrossBorderPayments
#IMFmeetings
17
127
281
.
@GitaGopinath
: Our downgrade of US growth reflects lower prospects of legislating the Build Back Better fiscal package, an earlier withdrawal of extraordinary monetary accommodation, and continued supply disruptions.
#WEO
2
18
286
.
@jerallaire
: If all payments were done through blockchain technology, the cost would be the same as sending an email - zero.
#DigitalPayments
#IMFmeetings
8
137
293
The world of payments and currencies is changing. Is big tech the future of finance? Watch our live conversation on October 16 at 3pm EDT (7pm UTC) and join via:
#NewEcon
.
#fintech
#IMFmeetings
21
136
265
.
@KGeorgieva
"We have lost some momentum (in the recovery) and have downgraded our forecast. When we look forward, it is like navigating an obstacle course of Covid, which is still with us; inflation which has become a bigger social and economic force, and a mountain of debt."
8
12
237
Carney: cross border payments currently cost ten times more than domestic ones. This is unacceptable. Let’s look to
#Fintech
for solutions.
#BaliFintech
22
110
214
.
@Lagarde
: Digital access fosters innovation in all sectors of the economy.
Investing in digital infrastructure is essential for the traditional sectors and even more so for the new opportunities created in the digital economy.
#futureworkafrica
11
106
203
.
@aselassie
: There are three main channels through which the war in Ukraine is impacting African countries:
1. Rising food prices
2. Soaring energy costs
3. Highly volatile financial conditions
#IMFAfrica
1
24
178
Join us, Oct. 12 at 1pm ET for a live
#NewEcon
conversation with
@salkhanacademy
and the IMF’s
@bhatiasi
to talk about the pandemic’s pressures on students, teachers, and education, as well as the pros & cons of virtual learning and the impact on society.
New Economy Forum
1
10
147
.
@GitaGopinath
: One reason for diverging recoveries is inequitable access to vaccines. Some countries will get widespread coverage this year, others will have to wait until 2022. We call for greater funding to ensure vaccines are widely available.
#WEO
8
43
169
LIVE NOW: “No Women Left Behind” a discussion about the policies that help bring women back to work, and also advance gender equality.
A one-on-one conversation with IMF Managing Director
@KGeorgieva
and
#Canada
’s
@DeputyPM_Canada
@cafreeland
.
48
43
154
Does Information technology protect or kill jobs during a pandemic? The answer is many can benefit while others are left behind. More in this
#AnalyticalCorner
.
2
15
140
IMF's Gita Gopinath: Emergency financing was critical in the early days of the pandemic. Now we're moving toward more traditional upper credit tranche programs with conditionality to help countries have sustainable growth and traditional market access.
1
6
134
.
@GitaGopinath
: It is vital to break the hold of the pandemic to address many of the difficulties facing the world economy. How? A global effort to ensure widespread vaccination, testing, and access to therapeutics.
#WEO
1
1
138
.
@GitaGopinath
: We have revised our 2022 inflation forecasts for both advanced and emerging market and developing economies upwards, with elevated price pressures expected to persist for longer.
#WEO
2
16
132
IMF's
@GitaGopinath
: We live in turbulent times on financial markets as geopolitical tensions and imminent interest hikes weigh on sentiment. Well-communicated policies can help ensure an orderly correction.
#WEO
0
6
128
Live NOW: IMF Managing Director
@Kgeorgieva
2020
#IMFmeetings
plenary speech “A New Bretton Woods Moment”
13
59
106
Christine
@Lagarde
: The financial industry needs what I call an “ethics upgrade.” It simply means doing the right thing—even when nobody is watching. Sounds simple, and yet it is perhaps the hardest thing to do.
#Tacitus2019
5
43
113
Join us on April 18 at 12:00 PM ET for a conversation with
@KGeorgieva
and
@MalalaFund
on empowering women and reducing inequality in fragile or conflict affected countries. Moderated by
@bhatiasi
Watch
#IMFinspired
:
#IMFmeetings
11
37
119
🔴 LIVE NOW: A conversation with
@KGeorgieva
and
@MalalaFund
on how to improve gender equality and break barriers to girls’ education and women’s empowerment. Moderated by
@bhatiasi
.
#IMFinspired
#IMFmeetings
7
23
115
.
@KGeorgieva
: We used to say “the future is digital.” With the pandemic, that future is now here. This is especially true when it comes to
#digitalmoney
.
12
63
115
What should be the role of multilateral institutions to promote
#CBDC
and safeguard financial stability? Join
@KGeorgieva
&
@BIS_org
on April 19 at noon ET to discuss the challenges policymakers face with new forms of
#DigitalMoney
@jchatterleyCNN
25
48
109
.
@GitaGopinath
: Troubling divergence in prospects across countries persists. The number of people living in extreme poverty is estimated to have been around 70 million higher than pre-pandemic trends in 2021, setting back the progress in poverty reduction by several years.
3
5
110
.
@KGeorgieva
: 2020 will end w/ a smaller global economy than we started with, but there are reasons to be hopeful:
1. Partial recovery ahead
2. Quick & decisive actions by global leaders
3. Emergency financing focused on emerging markets and low-income countries.
#TheGreatReset
8
42
99
On Tuesday, April 14 at 8:30am EDT, we will release a new World Economic Outlook report with the latest growth forecasts for the global economy and for countries. Watch
@GitaGopinath
’s presentation.
#WEO
4
50
105
.
@NOIweala
: With only 0.1% of globally administered vaccines going to low-income countries, global herd immunity will take a long time to be achieved. We need to change the pace in which low-income countries get the vaccines.
#GlobalEcon
2
35
99
Our 2023 Spring Meetings start today. Over the next week, we'll discuss the events of the day in our daily broadcast, IMF Today, from Monday-Friday. On today's show:
@KGeorgieva
,
@GitaGopinath
,
@MasoodCGD
,
@PAULA_PEM
.
Tune in LIVE at 5 PM ET (9 PM GMT):
8
47
91
📅 SAVE THE DATE: To kickstart the IMF/World Bank 2022 Spring Meetings, IMF Managing Director
@KGeorgieva
presents the outlook and policy priorities for the global economy in collaboration with
@CarnegieEndow
Mariano-Florentino "Tino" Cuéllar.
#IMFmeetings
9
36
94
To tackle corruption, more transparency & accountability are needed: ‘Sunlight is the best disinfectant’-
@Lagarde
#transparency
3
89
89
.
@GitaGopinath
: Our latest World Economic Outlook anticipates that Omicron, inflation, and other challenges will weigh on the global economy in 2022. We forecast the global economy to grow at 4.4% in 2022 and to slow to 3.8% in 2023.
#WEO
1
3
87
IMF Chief Economist
@GitaGopinath
will deliver a lecture on the impact of COVID-19 on the global economy tomorrow, August 10, at 8:30 AM ET.
Watch LIVE here:
9
28
86
.
@pogourinchas
: China and India will represent major engines of growth this year, accounting for 50% of global growth, vs. 10% for the US and euro area combined.
#WEO
5
40
79
6
19
80
Yi: the successful transition of the Chinese economy will contribute more to global growth
#GlobalEcon
1
25
77
Mark Carney: We need to look at the whole financial ecosystem, because everything is interconnected. A central bank’s job is to ensure financial stability. We also want to enable innovation.
#IMFmeetings
#NewEcon
#fintech
5
49
72
Gender-conscious budgets and taxation increase women's opportunities and promote economic stability
#IMFgender
1
101
82
.
@KGeorgieva
: Two key challenges when it comes to
#digital
money are fragmentation and lack of regulation. We need interoperability.
10
24
78
Will Artificial Intelligence transform society as the Industrial Revolution did in Adam Smith’s time? Tune in to
@GitaGopinath
’s lecture on June 5 at 1:30 p.m.
9
22
72
Don’t miss IMF Managing Director Christine
@Lagarde
live on Monday, October 1st at 11:00 AM EDT.
#IMFMeetings
6
35
74
.
@GitaGopinath
: The courageous actions of doctors and nurses need to be matched by policymakers all over the world so we can jointly overcome this
#COVID19
pandemic crisis.
#WEO
3
33
79
.
@melindagates
: you can build a quicker road to recovery by investing in women’s health and lifting women up economically. Put money in women’s hands, it will be spent properly on health and jobs
#GenderEquality
#IMFmeetings
#InclusiveRecovery
5
23
74
.
@Lagarde
: Steer the boat, don't drift: the global economic weather is beginning to change—so let’s manage the risks, step up reforms, and modernize the multilateral system.
#IMFMeetings
4
45
70
.
@KGeorgieva
: Exceptional times=exceptional action. We have:
✅ Responded financing calls from 100+ countries
✅ Doubled access to emerg. facilities: $100b expected demand
✅ Given debt relief to 29 countries
✅ Strengthened financial capacity to $1trn
5
42
72
.
@KGeorgieva
: Just as our founders did at Bretton Woods in 1944, we now face two massive challenges: to fight a crisis today while also building a better tomorrow. This is a new Bretton Woods moment.
12
36
68
.
@KGeorgieva
: How can policymakers stabilize the economy?
1. Stay the course to bring down inflation.
2. Put in place responsible fiscal policy-one that protects the vulnerable, without adding fuel to inflation.
3. Joint efforts to support emerging market & dev economies.
11
34
66
TOMORROW at the
#IMFMeetings
: IMF Managing Director
@KGeorgieva
and
@WorldBank
Group President
@DavidMalpassWBG
will explore how to better finance global public goods and, how together, we might address the complex global challenges we face.
18
28
65
The war in Ukraine has sparked wide interest in the role of crypto assets. Join us on Apr. 19 at 12 noon ET to discuss the issues policymakers will need to confront in the coming years on new forms of
#DigitalMoney
Watch the event here:
#CBDC
10
34
72
.
@GitaGopinath
: Assuming the pandemic fades in the second half of 2020 and that policy actions taken around the world are effective, we project global growth in 2021 to partially rebound to 5.8%.
#WEO
2
48
72
On November 9,
@GitaGopinath
, Jerome Powell,
@krogoff
, Amir Yaron, and
@pogourinchas
will discuss the challenges of monetary policy in a global economy. Watch live at 2:00 PM ET.
#ARCPolak
2
30
72
Global public debt has tripled since the mid-1970s. Join us for a two-day conference featuring the latest research on the implications for fiscal and public debt policies. Opening remarks by
@GitaGopinath
, TOMORROW, November 16 at 9:00 a.m. ET
📺:
4
25
68
.
@Lagarde
: with corruption, social contract between government and taxpayer is broken.
#FiscalForum
4
53
67
.
@Lagarde
: Sir David Attenborough’s work shows that nature is a chain and that every element of the chain matters.
#1on1Lagarde
3
34
61
.
@KGeorgieva
: Technology is accelerating and changing our lives. And yet,
#CrossBorderPayments
remain slow, opaque, costly, and inaccessible to many.
#IMFmeetings
9
39
67
.
@Lagarde
: I support quotas to boost women’s representation—but on a granular basis: e.g. in schools, —where sciences are taught—quotas can help so that women are not isolated or discriminated against, or left out.
#WFAmericas
2
25
65
.
@lagarde
: 36 central bank governors have joined forces to say “climate change is a financial stability risk”. I agree. The risk premium is on the brown investment not the green investment.
#cdgtalk
#climatechange
5
24
67
TOMORROW: IMF Chief
@KGeorgieva
briefs the press on the IMF’s 2023 Global Policy Agenda to identify policy challenges facing our member countries, and how the IMF can help.
#IMFMeetings
.
@MoroccoAM2023
🗓️ Thursday, Oct 12
🕚 8:45 AM GMT+1 /3:45 AM ET
📺
4
27
68
TOMORROW, October 13, at 2:00 PM ET: Our debate on the global economy with
@KGeorgieva
,
@MarkJCarney
,
@Paschald
,
@ZShamsuna
, and
@elerianm
. Moderated by CNN's
@richardquest
.
#GlobalEcon
4
27
63
Many economies face heavy debt burdens, limiting investment in education, health care, social protection, and infrastructure. This seminar on
#TacklingDebt
examines policy priorities for these economies & how the global community can scale up its support.
7
19
67
LIVE NOW: A debate on the global economic outlook, the economic recovery from the pandemic, rapid and global access to vaccines, and policy actions to foster sustainable and inclusive growth.
#GlobalEcon
25
40
64
.
@Lagarde
: Trade is accelerator of productivity and growth for countries, and it reduces the cost of living for people.
#WBGtrade
#IMFmeetings
3
25
62
@pogourinchas
IMF Chief Economist
@pogourinchas
: China's property sector stress could intensify, posing a complex policy challenge. If property prices fall too rapidly, bank and household balance sheets will deteriorate, with potentially severe financial consequences.
4
26
64
.
@Lagarde
to
@senadomexicano
: It is encouraging to hear a consensus in Mexico that progress on
#financialinclusion
must continue and accelerate. The road to reaching a prosperous future must begin by sharing the dream with all Mexicans.
2
23
65
Our Debate on the Global Economy is live now. Tune in to listen to
@KGeorgieva
,
@miaamormottley
,
@Lagarde
, Jerome Powell and Sri Mulyani Indrawati discuss the global economic outlook and other pressing topics.
#GlobalEcon
12
35
60
.
@KGeorgieva
: The IMF is committed to playing its part to foster cooperation and build together the future of cross-border payment systems.
#IMFmeetings
#CrossBorderPayments
1
17
55
.
@Lagarde
:
#fintech
can cut the cost of accessing financing tools and enable millions to fulfill their aspirations of building a better life.
#G20
#G20Fukuoka
2
29
58
Starting soon: A discussion on Public Debt and Fiscal Policy by two former IMF Chief Economists,
@ojblanchard1
and
@krogoff
, introduced by current Chief Economist, Gita Gopinath.
2
34
64
.
@KGeorgieva
: Just as money crosses borders, so too must our regulatory efforts. International cooperation can facilitate cross-border payments and address spillovers.
#SGFintechFest
6
21
58
.
@Lagarde
: None of the economic issues we discussed here today will be relevant in 20 years if we don’t address
#climatechange
—if we don’t have a planet left for human life.
#MIGlobal
@MilkenInstitute
5
30
59
It is morally wrong for so many to have so little when so much is in the hands of so few-
@Winnie_Byanyima
at
#IMFMeetings
#IMFonInequality
2
54
60
.
@elerianm
: I fear that we may face a lost decade to a set of countries in Africa and in Asia.
#TackleDebtTraps
5
18
60
.
@Lagarde
at
@unimalaya
: Through economic diversification, trade integration, and financial sector strength,
#Malaysia
has become a hub of innovation and economic success:
4
14
52
.
@Lagarde
We are in a time of change and must keep pace with economic, technological, and environmental trends that will critically impact how we — the IMF — serve our members and the world
#globaltrends
7
16
52
Join us on June 20 at 10 AM ET for a town hall discussion with students from across Morocco with IMF Chief
@KGeorgieva
@MoroccoAM2023
.
Tune in LIVE today at
#Marrakech2023
6
14
50
IMF Chief Economist
@pogourinchas
: Many low-income countries are in or close to debt distress. Orderly debt restructurings through the G20 Common Framework are urgently needed to avert a wave of sovereign debt crises. Time may soon run out.
#WEO
2
33
56
.
@Lagarde
at
#IMFMeetings
: My message to policymakers is “Steer the boat, don’t drift and sail together”
#IMFMeetings
8
27
58
.
@Lagarde
: Is the global economy strong enough? Safe enough? Are the benefits shared enough? We have made progress but “not enough” is the answer to all these questions.
#IMFMeetings
2
27
53
.
@Lagarde
: Globally, nearly one billion women do not have their own bank accounts. Empowering women financially will open many doors, including participation in the economy.
#FinancialInclusion
#WomenEmpowerment
3
20
55