Ms.Monique Newiak

Ms.Stefania Fabrizio

Adrian Peralta-Alva

Luis-Felipe Zanna

Ms.Inci Otker

Ms.Genevieve Verdier

Ms.Lisa Kolovich

Mr.Rodrigo Garcia-Verdu

Ms.Catherine A. Pattillo

Baoping Shang

Andrea Presbitero

Ms.Marie-Therese Camilleri

Kazuaki Washimi

Martin Cihak

Ms.Carol L. Baker

The formal launch of the Sustainable Development Goals (SDGs) sets the global development agenda through 2030, placing significant emphasis on promoting social and environmental sustainability alongside economic growth and poverty reduction. Meeting the SDGs will require actions across a wide range of areas by both national governments and the international community. This paper examines the types of policies that developing countries will need to implement to foster economic transformation, to promote economic and social inclusion, and to meet key environmental objectives. Reducing inequality, achieving gender equity, and pricing energy and water resources appropriately receive particular attention.

Policies in Support of Sustainable Development Goals

From Ambition to Execution

Tim Willems

We use the Synthetic Control Method to study the effect of IMF advice on economic growth, inflation, and investment. The analysis exploits the existence of IMF programs that do not involve any financing (Policy Support Instruments, “PSIs”). This enables us to focus on the effects of IMF monitoring, advice, and approval (as opposed to direct financial assistance). In addition, countries with non-financial programs are typically not crisis-struck – thereby mitigating the reverse causality problem and facilitating the construction of counterfactuals. Results suggest that treated countries add about 1 percentage point in annual real GDP per capita growth, with inflation being lower by some 3 percentage points per year. While we do not find evidence for an impact on total investment and the resulting capital stock, PSI-treatment does seem to stimulate foreign direct investment.

Evaluating the Impact of Non-Financial IMF Programs Using the Synthetic Control Method

Ms.Kalpana Kochhar

Mr.Benedict J. Clements

Mr.Gerd Schwartz

Mr.Philippe Wingender

Ms.Katrin Elborgh-Woytek

Mr.Kangni Kpodar

The proposed SDN discusses the specific macro-critical aspects of women’s participation in the labor market and the constraints that prevent women from developing their full economic potential. Building on earlier Fund analysis, work undertaken by other organizations and academic research, the SDN presents possible policies to overcome these obstacles in different types of countries.

Women, Work, and the Economy:Macroeconomic Gains from Gender Equity

Ms.Sonali Jain-Chandra

Women make up a little over half of the world’s population, but their contribution to measured economic activity and growth is far below its potential. Despite significant progress in recent decades, labor markets across the world remain divided along gender lines, and progress toward gender equality seems to have stalled. The challenges of growth, job creation, and inclusion are closely intertwined. This volume brings together key research by IMF economists on issues related to gender and macroeconomics. In addition to providing policy prescriptions and case studies from IMF member countries, the chapters also look at the gender gap from an economic point of view.

Leveling the Playing Field

Women, Work, and Economic Growth

Ms.Monique Newiak

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