Coronavirus brought a perfect storm to developing countries - Otaviano Canuto

April 13, 2020

- Flattening coronavirus curves of infection and recession will be harder in developing countries - Developing countries have faced foreign capital outflows - A boosted IMF may provide liquidity buffers for developing countries, but debt relief will be necessary to help vulnerable countries manage the coronavirus crisis

Speakers
Otaviano Canuto
Senior Fellow
Senior Fellow at the Policy Center for the New South, Affiliate Professor at Mohammed VI Polytechnic University and Non-Resident Senior Fellow at Brookings Institute. Former Vice President and Executive Director at the World Bank, Executive Director at the International Monetary Fund (IMF) and Vice President at the Inter-American Development Bank. ...

RELATED CONTENT

  • Authors
    Tiago Ribeiro dos Santos
    December 3, 2018
    Daron Acemoglu and James Robinson caught policymaker’s attention to the critical role of institutions for development. Their work gives too much emphasis to the prospects of revolution, however. A reading of the World Bank’s World Development Report of 2017 points to directions that all actors involved in the process, whether domestic or international, elite or non-elite, can take to improve societies. ...
  • November 29, 2018
    - Emerging market economies (EMs), as a group, continue to exhibit solid growth. This is the case especially in Asia and among oil-exporters, supported by growth in the advanced economies, the recovery in world trade, and the resilience of non-oil commodity prices. - However, financial markets have become very nervous about the prospects for several EM, reflecting specific weaknesses in several countries – Argentina and Turkey stand out - and the prospect of higher international in ...
  • Authors
    Yana Myachenkova
    November 27, 2018
    - The trade agreements that the European Union has with North African countries – with Algeria, Egypt, Morocco and Tunisia – are often seen as having delivered disappointing results since they came into force during the 2000s. The four North African countries have seen insufficient growth in their exports to the EU, and have undergone only limited diversification. In the meantime, the EU’s exports to North Africa have grown quite rapidly. - Economic growth in North Africa has been ...
  • Authors
    Axel Berger
    Andreas Freytag
    Simon J. Evenett
    Christian von Haldenwang
    Ricardo Meléndez-Ortiz
    Raul Ochoa
    Agustin Redonda
    Karl P. Sauvant
    November 26, 2018
    *The recommendations put forth below have been published, both print and online, in the Financial Times.  The leaders of the G20 will meet on 30 November and 1 December in Buenos Aires for their annual summit. They need to acknowledge that the last two years have been characterized by strong headwinds for the world economy. This time, however, it is not a mixture of poor macroeconomic policies and bad business decisions – as in 2008 when they met in Washington for their first summi ...
  • Authors
    Bouchra Rahmouni
    November 22, 2018
    Nowadays, links between development and security are widely recognized by many, just as they were during the development of the Marshall Plan. As mentioned in the United Nations "A More Secure World" report, threats to one are intrinsically a threat to all. Thus, 17 UN-agreed goals were agreed upon to help end poverty, protect the planet, and ensure prosperity for all by 2030, including goal 16 for "peaceful and inclusive societies". Last month, the UN’s inaugural Africa Dialogue S ...
  • November 14, 2018
    Depuis plus de 70 ans, le franc CFA est la monnaie commune à quatorze pays du continent africain. Procéder à une comparaison entre les taux d’inflation et de croissance des pays membres de l’Union économique monétaire de l’Afrique de l’Ouest (UEMOA) et de la Communauté économique et monétaire de l’Afrique centrale (CEMAC), permet d’analyser les taux d’inflation et de croissance d’une vaste région regroupant deux communautés : l’une, ayant choisi le franc CFA comme monnaie, composée ...
  • Authors
    November 13, 2018
    Livelihoods of northern Niger’s population depended for centuries on trade and cross-border movement of licit goods with Libya. Historical trends of domestic and regional shocks demonstrated the ability of local communities to adapt and adjust to transformations caused by these shocks to survive. People moving through and living in the area have different motivations and reasons to cross to Libya and beyond, but economic drivers remain the key factor. The local economy has suffered ...
  • Authors
    Yassine Msadfa
    November 5, 2018
    Il y a une dizaine d’années, le nombre et la complexité des taches que pouvaient effectuer les robots semblaient encore limités. Aujourd’hui, certains robots, munis d’une intelligence artificielle développée, réussissent à apprendre et à exceller dans des jeux de stratégie assez complexes, comme les échecs ou le jeu de GO. Le développement de la robotique, de l’intelligence artificielle et de l’automatisation, en général, s’est fait de façon relativement rapide, incitant plusieurs e ...
  • Authors
    November 5, 2018
    Islamic finance is a way of doing finance while respecting the Islamic ban on interest-based transactions and ensuring risk sharing between parties in all operations. Contracts are supposed to rule out features that would make them akin to gambling or “making money from money.” Furthermore, engagements in businesses considered immoral or ethically problematic are not allowed. Islamic finance therefore means, among other features: no pure debt securities, with interest replaced by t ...
  • Authors
    Sabine Cessou
    November 1, 2018
    Le séminaire de haut niveau, organisé par OCP Policy Center ce 2 novembre 2018 à Rabat, est axé sur « La migration : réconcilier les visions du Nord et du Sud ».  Il sera question dans cette rencontre, organisée en partenariat avec le Ministère délégué auprès du ministre des Affaires étrangères et de la Coopération internationale, Chargé des Marocains résidant à l’étranger, des affaires de la migration et l’IeMED, de la coopération internationale pour « lever les obstacles à la mob ...