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International Monetary Fund. Asia and Pacific Dept
This 2019 Article IV Consultation with Cambodia discusses stable macroeconomic environment, strong growth and ongoing structural reforms have contributed to significant progress toward Sustainable Development Goals (SDGs). However, uncertainties including slower global growth and potential suspension of preferential market access under the Everything but Arms (EBA) scheme highlight the importance of maintaining macroeconomic stability while meeting still large development needs, addressing elevated financial sector vulnerabilities, and accelerating structural reforms. Continued strong revenue mobilization efforts and a prudent fiscal stance supported by restraining nondevelopment current spending will allow additional spending to address development needs. Expenditures should be oriented toward supporting inclusive growth through priority infrastructure investment, as well as health and education spending. Policies should be geared toward addressing sizeable spending needs to reach SDG targets in health, education and infrastructure, with support from the private sector and international donors. Accelerated implementation of structural reforms is needed to remove structural constraints to growth, correct external imbalances, address governance and corruption weaknesses and promote sustainable and inclusive development.
International Monetary Fund
While growth in advanced economies is losing momentum amid trade tensions and policy uncertainty, activity in many emerging and low-income developing countries (EMDEs) has remained more robust, supported by still favorable financing conditions. Differences across EMDEs are large, however, and downside risks are building. Policy priorities include enhancing resilience in response to a more challenging global environment, creating fiscal space for essential development spending, containing debt vulnerabilities, and promoting strong and inclusive growth. Strengthening revenue generating capacity, enhancing public spending efficiency, and addressing infrastructure gaps are critical for reaching the 2030 Sustainable Development Goals.
International Monetary Fund. External Relations Dept.
Le numéro de septembre 2007 de F&D s'intéresse à la croissance des villes et à la tendance à l'urbanisation. Au cours de l'année à venir, pour la première fois dans l'histoire, plus de 50 % de la population mondiale vivra dans des zones urbaines plutôt qu'en zone rurale. Quelles sont les implications économiques de cette révolution urbaine ? Les économistes s'accordent généralement pour dire qu'une urbanisation bien gérée présente un fort potentiel d'augmentation de la croissance et d'amélioration de la qualité de vie. Mais comme l'indique l'article de couverture, l'inverse est également vrai : mal gérée, l'urbanisation peut non seulement entraver le développement, mais également favoriser l'émergence de bidonvilles. Les autres articles de cette série s'intéressent à la pauvreté urbaine dans le monde en développement, ainsi qu'à la prolifération des mégalopoles et des conséquences de celle-ci en matière de gouvernance, de financement et de prestations de services. D'autres articles abordent le difficile rééquilibrage de la croissance en Chine. La rubrique « Paroles d'économistes » tend le micro à Robert Barro, économiste d'Harvard ; « Gros plan » présente les difficultés auxquelles le Mexique est confronté ; et « L'ABC de l'économie » s'intéresse au taux de change réel.
International Monetary Fund. External Relations Dept.
Este número está dedicado al crecimiento de las ciudades y a la tendencia hacia la urbanización. Durante el próximo año, por primera vez en la historia, más del 50% de la población mundial vivirá en zonas urbanas. ¿Cuáles son las consecuencias económicas? La generalidad de los expertos concuerda en que, si se la maneja bien, la urbanización encierra grandes promesas para el crecimiento y la calidad de vida. Pero como argumenta el artículo central, si se la maneja mal podría no solo impedir el desarrollo sino también estimular la formación de barrios de emergencia. Otros artículos abordan el tema de la pobreza como fenómeno urbano en el mundo en desarrollo y el nacimiento de las megaciudades, con sus implicaciones para la gobernabilidad, el financiamiento y el suministro de servicios. Una serie de artículos están dedicados a la dificultad de reequilibrar el crecimiento en China. Gente del mundo de la Economía presenta un perfil de Robert Barro, de la Universidad de Harvard; Panorama nacional se ocupa de México, y Vuelta a lo esencial analiza los tipos de cambio reales.
International Monetary Fund. External Relations Dept.
The September 2007 issue of F&D looks at the growth of cities and the trend toward urbanization. Within the next year, for the first time in history, more than 50 percent of the world's population will be living in urban rather than rural areas. What are the economic implications of this urban revolution? Economists generally agree that urbanization, if handled well, holds great promise for higher growth and a better quality of life. But as the lead article tells us, the flip side is also true: if handled poorly, urbanization could not only impede development but also give rise to slums. Other articles in this series look at poverty as an urban phenomenon in the developing world and the development of megacities and what this means for governance, funding, and the provision of services. Another group of articles discusses the challenge of rebalancing growth in China. 'People in Economics' profiles Harvard economist Robert Barro; 'Country Focus' looks at the challenges facing Mexico, and 'Back to Basics' takes a look at real exchange rates.