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STEPHEN MINK

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Mr. Sanjeev Gupta, Mr. Alex Segura-Ubiergo, and Enrique Flores

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF’s own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Mr. Nalin M. Kishor and Cristina Constantinescu

Sustainable forest management, though a desirable environmental goal, is seldom practiced in Latin America (or elsewhere) because it cannot financially compete with alternative forms of land management. The world community must be willing to bear more of the costs if it wants to make sustainable forestry a viable option for countries facing the threat of deforestation.