Ceyla Pazarbasioglu

This book shows how this divergent acceleration creates transformation rather than retreat from globalization. It also finds that, while multilateralism is under strain, institutional adaptation is possible and economically beneficial. (3/3)

They argue that three forces have always shaped globalization – technology, policies, and geopolitics. What distinguishes the current moment is that all three are accelerating simultaneously but in different directions. (2/3)

For some weekend reading, I share a new book written by my @IMFNews colleague Michele Ruta and @BaldwinRE. Congrats to the authors. cepr.org/publications/b… (1/3)

Sharing a recent @IMFNews blog post by colleagues Guillaume Chabert and Robert Powell on how the poorest countries and fragile states are increasingly falling behind and what can be done about it imf.org/en/Blogs/Artic…

This paper should be of great interest to anyone curious to understand the evolution of the international financial architecture of the International Monetary System. Congratulations to the authors, and happy reading. (4/4)

An analysis based on data from Swift, the largest cross-border financial messaging network, shows that economic linkages via trade, portfolio investment, and FDI shape cross-border payments. (3/4)

Happy to share a new IMF Working Paper on Global Cross-Border Payments is now published! (1/4) imf.org/en/Publication…

@IMFNews On debt, the report presents the IMF’s priority to address debt vulnerabilities in low-income countries, including through advancing the joint IMF-Bank 3-pillar approach that combines domestic reforms, external support by partners, and actions to crowd in private finance. (4/4)

@IMFNews Low-income countries could focus more on maintaining growth amid necessary fiscal consolidations, mobilizing growth-enhancing foreign direct investment, and developing domestic capital markets. (3/4)

ICYMI, @IMFnews recently published a paper on macroeconomic developments in low-income countries (1/4) imf.org/en/Publication…

This highlights the IMF membership's ability to promote a constructive multilateralism, with benefits for creditors and debtors. (6/6)

as well as the deepening of the engagement with credit rating agencies on the conditions for post-restructuring rating upgrades as well as for non-distressed liability management operations. (5/6)

We had a great outcome of the Global Sovereign Debt Roundtable (GSDR) earlier this week. The now-public "Restructuring Playbook" provides a useful snapshot of the key steps, concepts, and timeline for a sovereign debt restructuring. (1/6)

Great to participate at the @IMFNews International Day of Persons with Disabilities panel. The event gave us a chance to honor the leadership of persons with disabilities to shape a world that is equitable and sustainable for all. #idpd #inclusionmatters

Many thanks to the @PIIE for hosting me for a great discussion on @PHonohan's new book. See below for a recording of the event.