As the world battles multiple crises, effective macro-fiscal policy is paramount and not only to alleviate short-term crises. A medium-to-long-term strategy that addresses fiscal and economic vulnerabilities while fostering sustainable growth is needed. What principles should policymakers follow to formulate forward-looking fiscal policy?
/PRNewswire/ The International Finance Forum (IFF) organized a panel discussion on Dec. 3 under the topic of "Global Debts Crisis and Risk Prevention" to.
The multiple crises that developing countries are facing today constitute a major setback for development. The war in Ukraine and Covid-19 aftershocks have resulted in a steep rise in prices of food, fertilisers, and energy. This in turn has contributed to high levels of inflation and rising interest rates, as well as to the risk of stagflation.
While 2022 was extremely challenging for the majority of financial markets and assets, the same could not be said for the U.S. dollar, which has been steadily strengthening