Tag "Christine Lagarde"
European monetary policy faces another crisis: Is the ECB effectively leading the way?
In a little over a decade the European Central Bank found itself fighting three considerable crises: the Great Recession in 2008, the sovereign-debt crisis in 2011-2012 to today’s pandemic-induced recessions. The Euro is a project without precedent and under Mario Draghi the ECB was a leading actor in world monetary policy. In 2019, Christine Lagarde became the new president of the ECB. How does she compare?
Argentina: Economic doldrums pose electoral risk
Argentina’s economy and political turmoil are on full display at the start of 2019. The country is in the midst of a difficult economic situation, which has led to a
For Nigeria and Angola, the prospect of international loans offers a mixed blessing
With Nigeria and Angola seeking international loans to help ease their oil pain, investors are hoping that any loans will lead to a revision of their worrisome economic policies. With
4 key takeaways from Davos: Mastering the 4th Industrial Revolution
The 46th annual World Economic Forum (WEF) in Davos, Switzerland took place last week and brought a gaggle of high-powered figures together to discuss current global challenges. Among its 2,500
IMF urges Islamic finance to unlock its full potential
Islamic banking has the potential to promote financial stability, boost SMEs, and contribute to greater financial inclusion. But the IMF recently stressed on the numerous challenges the industry has to
The moral dilemma of Egypt’s President al-Sisi
If the world wants to accept the economic successes of Egyptian President Abdel Fattah al-Sisi, it must also accept the terrible cost in human rights. Since winning last year’s election
After IMF inequality report, what’s next for US tax policy?
The IMF has joined in on the income inequality debate, arguing that rising inequality is depressing economic growth and fueling political instability. Although the issue remains polarizing in the United
Kenya’s tourism suffers following Westgate terror
The recent terrorist attack in Westgate mall in Nairobi has detrimental effects on Kenya’s tourism economy, but the sector is expected to recover quickly. The Kenyan economy relies heavily on
