February 22, 2018
With the third largest youth population in the world and 130 million active social media users, Indonesia is poised to become the biggest digital economy country in Southeast Asia. To fully embrace the digital opportunity, Indonesia must enhance its infrastructure and increase internet penetration to lift economic growth and productivity.
Communications Can Help to Get Financial Stability Off the Ground
February 22, 2018
When the capacity to communicate effectively on financial stability policies is not there, it is like trying to fly a plane with one wing missing. It takes more than sound policy making. Communications is an essential part of the job. Following the global financial crisis, many countries redoubled their efforts to build stronger financial stability frameworks.
The Euro Area Needs a Fiscal Union
February 21, 2018
The euro area is experiencing a robust recovery, but the architecture supporting Europe’s currency union remains incomplete and leaves the region vulnerable to future financial crises. While substantial progress has been made to address some architectural issues—conditional lending facilities and key elements of a banking union—we argue in our recent paper that the euro area needs to build elements of a common fiscal policy, including more fiscal risk sharing, to preserve financial and economic integration and stability.
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Serbia Completes Successful IMF Program
February 22, 2018
Serbia exits a $1.32 billion three-year program with the IMF on February 22 boasting outperformance on several of its goals. Concluding the program with flying colors is, however, only the first step in building a strong and vibrant economy able to compete globally, a recent IMF report observes.
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