International Monetary Fund

May 05, 2015

The Greek Economy: It’s Just Plain Ugly

Greece has had to deal with a very uncertain economic outlook over the past decade or so, but now it’s getting downright ugly. Greece owes over $1 billion this month in debt repayments, along with pensions, government salaries and other obligations. Continue Reading...

March 05, 2014

Why Attitudes About Competition Matter

In an excerpt from the splendid PovertyCure series, Michael Fairbanks offers a helpful bit on why our attitudes about competition matter for economic development: I can predict the future of a developing nation better than any IMF team of economists by asking one question: “Do you believe in competition?” Continue Reading...

July 11, 2013

Global Economy Stinks: Is Anyone Paying Attention?

It’s no secret that the economy of the European Union is, ahem, struggling. But Vikas Bajaj says the global economy is worse than anyone seems to want to acknowledge: In a new report released on Tuesday, the International Monetary Fund says that China, India, Brazil, Mexico and other developing countries are growing more slowly than previously thought. Continue Reading...

March 26, 2013

Audio: On NPR, Samuel Gregg Discusses Pope Francis and Economics

National Public Radio did a roundup of views on what to expect from Pope Francis on economic issues. Reporter Jim Zarroli interviewed Acton Research Director Samuel Gregg and several commentators on the Catholic left. Continue Reading...

March 15, 2013

Beyond Aid: The Flood of Rice in Haiti

“We don’t just want the money to come to Haiti. Stop sending money. Let’s fix it. Let’s fix it,” declared Republic of Haiti President Michel Martelly three years after the 2010 earthquake. Continue Reading...

October 25, 2011

‘Central World Bank’ Would Hurt Cardinal Turkson’s Native Ghana

Last summer, Acton’s PovertyCure team traveled to Ghana to meet with its economists and entrepreneurs — the men and women who are helping the country develop. It just so happens that they also met briefly with Peter Cardinal Turkson, president of the Vatican’s Pontifical Council for Peace and Justice and co-author of the note released yesterday that has stirred up a global controversy. Continue Reading...

October 24, 2011

Vatican Releases Note on Global Financial Reform

This morning the Pontifical Council for Justice and Peace issued a bold statement advising how to bring order to the global financial crisis. I was in attendance at the much anticipated press conference that was organized to debrief reporters on the statement’s content. Continue Reading...