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Flash Points: Five ideas for getting the IMF back on track

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Sun, Oct 20, 2024 01:55 PM

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Essential reads ahead of the IMF and World Bank’s annual meetings. OCTOBER 20, 2024 |

Essential reads ahead of the IMF and World Bank’s annual meetings. OCTOBER 20, 2024  |  [VIEW IN BROWSER](  |  [SUBSCRIBE](     [A direction sign outside the IMF headquarters for the annual Spring Meetings in Washington on April 15.]( A direction sign outside the IMF headquarters for the annual Spring Meetings in Washington on April 15. Alex Wong/Getty Images This year, David Miliband [wrote]( that World Bank and International Monetary Fund (IMF) summits “have little of the drama of peace negotiations” but that “for the poorest people in the world, the decisions made at these meetings are matters of life and death.” Miliband’s words hold true as the institutions prepare for their annual meetings in Washington this week. As two finance experts recently [put it](, nearly 80 countries are at risk of or in debt distress, and “one global institution is absolutely crucial to making debt relief viable in the short term: the IMF.” Meanwhile, global poverty reduction—the World Bank’s stated goal—has stalled amid the COVID-19 pandemic, conflicts, and low growth. This edition of Flash Points features essential reads on the twin Bretton Woods institutions, with suggestions for possible paths to reform, ahead of this week’s meetings.—Chloe Hadavas   [1]( [The IMF Has Lost Its Way]( [Here are five ideas for getting it back on track.]( [By Andrés Arauz, Ivana Vasic-Lalovic](   [2]( [The World Bank Is Failing and Needs a Restart]( [Global poverty and income divergence are set to rise again—a brutal indictment of the institution’s work.]( [By Paul Collier](   [3]( [African Lending Needs a Better World Bank]( [The Bretton Woods institutions are due a revamp from their colonial roots.]( [By Hannah Ryder](   Don't let your window to the world close. [Enjoy uninterrupted FP access.](   [4]( [Solving the Global Fiscal Policy Trilemma]( [Governments everywhere are facing a seemingly impossible choice.]( [By Vitor Gaspar](   [5]( [Jamaica’s IMF Success Story]( [How the Caribbean country went from “rock bottom” to poster child for the fund.]( [By Catherine Osborn]( FP Analytics [Ensuring Global Abortion Access in an Evolving Geopolitical Landscape](  Despite safe abortion access producing critical impacts on public health, education, and socioeconomic indicators, it remains a highly politicized issue—and 40% of women live in countries with partially or fully restrictive abortion laws. Explore why expanding safe access is vital to global health, gender equality, and the sustainable development goals in [FP Analytics’ new Insight Brief](, produced with support from the Roberta Buffett Institute for Global Affairs at Northwestern University.   [Middle East Crisis]( [Lean on FP for timely news, analysis, and background on the Israel-Hamas war and regional conflict between Israel and Iran and its proxies.]( [EXPLORE COVERAGE](   [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( You’re receiving this email at {EMAIL} because you signed up for FP's Flash Points newsletter. [MANAGE YOUR EMAIL PREFERENCES]( | [VIEW OUR PRIVACY POLICY]( | [UNSUBSCRIBE]( Interested in partnering with FP on events, podcasts, or research? [Explore FP Solutions](. [Foreign Policy]( is a division of Graham Holdings Company. All contents © 2024 Graham Digital Holding Company LLC. All rights reserved. Foreign Policy, 655 15th St NW, Suite 300, Washington, DC, 20005.

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