State of the Global Economy and its Implication for Emerging Market Economies

October 10, 2023

Chair                          

- Karim El Aynaoui, Executive President, Policy Center for the New South (PCNS)

Discussants

- Erik Berglof, Chief Economist, Asian Infrastructure Investment Bank (AIIB)

- Roberto de Ocampo, Chairman and CEO, Philippine Veterans Bank

- Roberto de Oliveira Campos Neto, Governor, Central Bank of Brazil

- Jean Daniel Gerber, Chairman of the Board, Swiss Investment Fund Emerging Markets (SIFEM)

- Indermit Gill, Chief Economist and Senior Vice President for Development Economics, World Bank Group

- Nialé Kaba, Minister of Planning and Development of Cote d’Ivoire

- Haruhiko Kuroda, Former Governor, Bank of Japan (BoJ) - Online

- Mustapha Nabli, CEO, North Africa Bureau of Economic Studies (NABES)

RELATED CONTENT

  • September 1, 2021
    The world woke on Monday August 23 to higher international reserves for all countries. A new allocation of US$650 billion in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) to its member countries had entered into force (SDR450 billion). SDRs are an international reserve asset created by the IMF and added to countries' other foreign reserves. It is not a currency that can be used by private agents. Governments, on the other hand, can unconditionality exchan ...
  • August 24, 2021
    تجدون أقوى لحظات حديث الثلاثاء حول المواضيع الاقتصادية لهذه السنة : رؤى استشرافية لما بعد الجائحة، الاقتصاد غير المهيكل، دور القطاع الثالث، المغرب وسلاسل القيمة الاقليمية مع خبراء وباحثين اقتصادين ...
  • August 24, 2021
    تجدون أقوى لحظات حديث الثلاثاء حول المواضيع الاقتصادية لهذه السنة : رؤى استشرافية لما بعد الجائحة، الاقتصاد غير المهيكل، دور القطاع الثالث، المغرب وسلاسل القيمة الاقليمية مع خبراء وباحثين اقتصادين. ...
  • Authors
    August 12, 2021
    Macroeconomic dynamics in the U.S. economy has increasingly become associated with asset price fluctuations in the past few decades. Financial conditions have increasingly become an influential factor shaping the cyclical pace of the macroeconomy. There has been a mismatch between rising financial wealth and the pace of creation and incorporation of new assets. Several secular stagnation hypotheses offer explanations for the insufficient creation of new assets. Public debt—and its p ...
  • August 9, 2021
    The International Monetary Fund’s tenth annual External Sector Report (ESR, August 2021) shows how current account deficits in the global economy widened in 2020 during the pandemic. On the other hand, the ESR also argues that overall, the misalignment between fundamentals and current account balances has not been exacerbated. The pandemic widened current account imbalances… The sum of absolute values of current account deficits and surpluses went from 2.8% of global GDP in 2019 t ...
  • Authors
    Moubarack Lo
    Amaye Sy
    El Hadj Tine
    August 9, 2021
    L’objet de ce document est d’effectuer le diagnostic stratégique de l’émergence de l’Afrique du Sud. Ce diagnostic de l’économie sud-africaine a été effectué en s’appuyant sur la théorie de l’émergence économique de Moubarack Lô (2017). Trois indices sont associés à cette théorie, correspondant, chacun, aux dimensions de l’émergence globale. L’Indice synthétique de l’Emergence économique (ISEME) mesure le niveau d’émergence économique atteint par un pays. L’indice composite des Levi ...
  • August 3, 2021
    Cette étude concerne l'économie de la Turquie entre 1960 et 2020. Sur cette longue période, deux indicateurs ont été privilégiés : le taux de croissance et le taux d'inflation, analysant leur évolution, mettant en évidence un « avant Erdogan » et un « après Erdogan ». Un « avant Erdogan », entre 1960 et 2003 tout d'abord. Entre 1960 et 2003, les taux de croissance et les taux d'inflation sont très irréguliers, parfois négatifs pour le taux de croissance, mais pouvant aussi dépasser ...
  • Authors
    Chami Abdelilah
    Derj Atar
    Hammi Ibtissem
    Morazzo Mariano
    Naciri Yassine
    with the technical support of AFRY
    July 29, 2021
    As decarbonization is a long-term process and requires significant investments, specific financial and non- financial measures will need to be implemented, both in the short and long term, to facilitate this transition. In Part II of Morocco’s decarbonization pathway Policy Brief series, an update of the decarbonization scenarios was presented. It revealed that the Increased Ambition and Green Development scenarios achieve higher decarbonization targets than current policy. It showe ...
  • July 28, 2021
    On July 21, the Official Monetary and Financial Institutions Forum (OMFIF) published its eighth annual report on Global Public Investors (GPI). It included a survey the asset allocation plans of reserve managers of central banks, sovereign wealth funds, and public pension funds. Together, the 102 investors who responded to the survey manage $42.7 trillion in assets (Figure 1). Source: OMFIF analysis (GPI 2021).   The survey highlighted notable changes in the composition of portfol ...