IMF Podcasts

The latest forecasts from the International Monetary Fund show global growth is on the rise. A very different picture from early last year, when the world economy faced faltering growth and financial market turbulence. In this podcast, IMF Chief Economist Maurice Obstfeld, delves into the current trends behind this recent upswing. Contributors: Maurice Obstfeld, IMF Director of Research, and Economic Counsellor.

The technological revolution has far reaching implications and is rapidly changing the way the world does business. But technology also offers the potential for finding solutions to some of the challenges facing the global economy. To encourage creative thinking among its economists, the IMF recently opened an innovation lab. In this podcast, Tristan Walker, first iLab Chief, says innovation will help make the institution more agile. Contributors: Tristan Walker, Innovation Lab Unit Chief

80 percent of the world's energy consumption is based on fossil fuels which account for most of the greenhouse gas emissions that are warming the planet. Climate change is affecting the global economy and has become a defining feature in energy policy making. In this podcast, International Energy Agency Chief Economist, Laszlo Varro, says while efforts to reduce carbon emissions are generally off track, technological progress and investment momentum in the clean energy sector are reasons for optimism. Contributors: Laszlo Varro, Chief Economist for the International Energy Agency

Good data and statistics can help drive economies and are the basis for sound policy decisions in both private and public sectors. The advent of 'big data' poses opportunities for private companies and public institutions to better understand today`s economic and social trends. A new study by the IMF shows how big data can also provide valuable insight for economic and financial analysis. In this podcast, coauthor Diane Kostroch discusses the benefits and the challenges that come with big data. Contributors: Diane Kostroch, IMF economist, Statistics Department.

Dans ce podcast, Randa Filfili, directrice générale de l'entreprise sénégalaise Zena Exotic Fruits raconte pourquoi les petites et moyennes entreprises africaines ont souvent du mal à survivre, et les défis auxquels font face les femmes entrepreneurs. Filfili était de passage à Washington pour participer dans le séminaire intitule, Comment renouer avec une croissance vigoureuse en Afrique subsaharienne dans le cadre des Réunions de Printemps du FMI et du groupe Banque Mondiale. Randa Filfili, directrice générale de l'entreprise sénégalaise Zena Exotic Fruits.

Only a third of adults in sub-Saharan Africa have a bank account, and in this podcast, Tanzania Bank Governor, Benno Ndulu, says the lack of access to financial services is a key constraint on the region's economic growth. Ndulu is a champion for bringing financial services to the poorest segments of society and as the current Chair of the Board of the Alliance for Financial Inclusion, he has helped pioneer some of the most innovative policy approaches to extending the financial system to the unbanked. This conversation with Benno Ndulu is featured in the September 2017 issue of Finance and Development Magazine. Contributors: Benno Ndulu, Bank of Tanzania Governor, and Chair of the Board of the Alliance for Financial Inclusion.

While Africa's workforce expands, the lack of modern and efficient infrastructure is inhibiting economic growth. The prospect of building power plants and transportation networks is daunting for many countries with limited resources, but in this podcast, former Chief Economist of the African Development Bank, Mthuli Ncube, says reducing risks for private sector investors could help Africa build the infrastructure it so desperately needs. Contributors: Mthuli Ncube, Managing Director of Quantum Global Research Lab, visiting professor at Oxford University, and co-editor of Infrastructure in Africa: Lessons for Future Development.

Extreme weather has hit Malawi's economy hard over the last two years. Severe flooding followed by a drought—the worst in its history—caused widespread crop failure and placed 6.7 million people at risk of starvation. But a remarkable humanitarian effort helped reduce the impact of the drought on the most vulnerable segment of the population. An increase by the IMF to the amount of resources it provides to Malawi, as well as sizable contributions from Malawi's development partners like the World Food Program and the World Bank, enabled the country to address the worst humanitarian crisis in its history. In this feature podcast, we hear from the small-scale farmers beset by the effects of climate change, beneficiaries of food aid including school children, and key players within the various agencies who were faced with making tough decisions in the throes of a major food crisis. Contributors: Oral Williams: IMF Mission Chief for Malawi Jack Ree: IMF Resident Representative in Malawi Goodall Gondwe: Malawi's Finance Minister Ben Botolo: Malawi's Secretary to the Treasury Coco Ushiyama: World Food Program Representative for Malawi Roisin DeBurca: Unicef's Deputy Director for Malawi Laura Kullenberg: Country Manager for the World Bank in Malawi Richard Record: Senior Country Economist for the World Bank in Malawi

Eswar Prasad, Professor of Trade Policy at Cornell and Senior Fellow at the Brookings Institution, discusses the complex journey of the renminbi as it vies for global prominence. He highlights the historical milestones in China's currency and the challenges it faces without crucial domestic reforms. Delving into the renminbi's role since its IMF inclusion in 2016, Prasad examines the effects of China's closed capital account and the hurdles in communication faced by its central bank. Ultimately, he questions whether the currency's growth reflects real economic strength or strategic ambitions.

Drought, regional conflict, and slow credit growth are taking their toll on Uganda's economy. While per-capita growth has hovered around 5 percent for the last 20 years, the IMFs latest economic assessment shows it has fallen to 1/2 percent. In this podcast, the report's coauthor Axel Schimmelpfennig, says some strategic infrastructure investment and Uganda's untapped oil reserves could help turn things around. Contributors: Axel Schimmelpfennig, IMF Mission Chief for Uganda