Argentina has long been plagued by cycles of excessive spending against the background of low savings. This cycle is evident again in the current disastrous economic conditions. But dollarisation would be a far too risky gamble. There is no silver bullet for the country’s problems, only hard work.
Gender equality can strengthen and grow economies. Research has shown that it leads to a more efficient allocation of resources and can increase labour force participation.
The Ukraine Recovery Conference included commitments of support in the fields of commercial risk insurance, co-investment and guaranteed lending as well as technical assistance in Ukraine’s candidacy for EU membership.
Foreign ministers from the Brics countries – Brazil, Russia, India, China, South Africa – met in June to discuss the creation of a common Brics currency, which was hailed by pundits as a major step towards the demise of the dollar.
The promises of artificial intelligence for central bank operating models are steadily emerging. It is vital that AI’s risks are well understood and accounted for by policy-makers and regulators.
