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IMF Annual Meeting 2021: Central Banks Move To Grab More Control


World Economic Outlook

Global recovery continues, but the momentum has weakened and uncertainty has increased The global economic recovery is continuing, even as the pandemic resurges. The fault lines opened up by COVID-19 are looking more persistent—near-term divergences are expected to leave lasting imprints on medium-term performance. Vaccine access and early policy support are the principal drivers of the gaps. The global economy is projected to grow 5.9 percent in 2021 and 4.9 percent in 2022, 0.1 percentage point lower for 2021 than in the July forecast. The downward revision for 2021 reflects a downgrade for advanced economies—in part due to supply disruptions—and for low-income developing countries, largely due to worsening pandemic dynamics. This is partially offset by stronger near-term prospects among some commodity-exporting emerging market and developing economies. Rapid spread of Delta and the threat of new variants have increased uncertainty about how quickly the pandemic can be overcome. Policy choices have become more difficult, with limited room to maneuver.

Read reports here.

Click on the title below to read their reports.

Governor Talk - Ireland: Euro Area Recovery from Covid-19-- Economic Policy Reflections and Challenges

SPEAKER: Paschal Donohoe, Minister for Finance of Ireland and President of the Eurogroup

MODERATOR: Alfred Kammer, Director, European Department, IMF

Governor Talk: Russia: Central Banks at Cross-Roads: A New Road to Travel

SPEAKER: Elvira Nabiullina, Governor of the Central Bank of Russia

MODERATOR: Alfred Kammer, Director, European Department, IMF

Capacity Development Talk: Nowcasting: Using Big Data to Track Economic Activity in Sub-Saharan Africa

SPEAKERS: Innocent Molalapata, Deputy Director in the Research and Financial Stability Department, Bank of Botswana; Margarida Martins, Senior Economist, IMF Statistics Department; Abdoul Aziz Wane, Director, IMF Africa Training Institute and AFRITAC South

MODERATOR: Andy Berg, Deputy Director IMF Institute for Capacity Development, IMF

IMF Press Briefing: World Economic Outlook (WEO)

SPEAKERS: Gita Gopinath, Economic Counsellor and Director of the Research Department, IMF; Petya Koeva Brooks, Deputy Director, Research Department, IMF; Malhar Nabar, Division Chief, World Economic Studies Division, IMF

MODERATOR: Jennifer Beckman, Senior Communications Officer, IMF

IMF Press Briefing: Global Financial Stability Report (GFSR)

SPEAKERS: Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF; Fabio M. Natalucci, Deputy Director, Monetary and Capital Markets Department, IMF; Nassira Abbas, Deputy Division Chief, Monetary and Capital Markets Department

Ending the Pandemic: The Road to an Inclusive Recovery

SPEAKERS: Kristalina Georgieva, Managing Director, IMF; Ngozi Okonjo-Iweala, Director-General, World Trade Organization (WTO); David Malpass, President, World Bank; and Tedros Adhanom Ghebreyesu, Director-General, WHO

MODERATOR: Becky Anderson, Anchor, CNN International

Ending the Pandemic: the road to an Inclusive Recovery (Part II)

SPEAKERS: David R. Malpass, President, World Bank Group, Kristalina Georgieva, Managing Director, International Monetary Fund, Tedros Adhanom Ghebreyesus, Director-General, World Health Organization, Ngozi Okonjo-Iweala, Director General, World Trade Organization, Mamta Murthi, Vice President, Human Development, World Bank, Makhtar Diop, Managing Director, IFC, Stephanie von Friedeburg, Senior Vice President, Operations, IFC, Strive Masiyiwa, African Union Special Envoy and coordinator of the Africa Vaccine Acquisition Task Team (AVATT) Narender Dev Mantena, Head of Global Strategy, Biological E. Limited / CEO, BE Pharmaceuticals Inc. Ahmed E. Ogwell, Deputy Director, Africa Centres for Disease Control and Prevention

MODERATORS: Becky Anderson, Anchor, CNN International, Juliette Powell, Media Commentator

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