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230104 ||| eng |
| 020 |
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|a 9798400221491
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| 245 |
0 |
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|a Development Committee
|b The Managing Director's Written Statement October 2022
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2022
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| 300 |
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|a 5 pages
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| 651 |
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4 |
|a China, People's Republic of
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| 653 |
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|a Inflation
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| 653 |
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|a Economics
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| 653 |
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|a Debt settlement
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| 653 |
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|a Finance
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| 653 |
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|a Environmental Economics
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| 653 |
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|a Natural Disasters and Their Management
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| 653 |
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|a Political Economy
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| 653 |
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|a Monetary economics
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| 653 |
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|a Environment
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| 653 |
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|a Deflation
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| 653 |
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|a Debt Management
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| 653 |
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|a Climate
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| 653 |
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|a Debt
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| 653 |
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|a Climate change
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Asset and liability management
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| 653 |
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|a International economics
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Debts, External
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| 653 |
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|a External debt
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| 653 |
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|a Political economy
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Price Level
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| 653 |
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|a Global Warming
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| 653 |
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|a Prices
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Debt sustainability
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| 653 |
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|a Monetary policy
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| 653 |
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|a Financial Risk Management
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| 653 |
|
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Debt sustainability analysis
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| 653 |
|
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|a Climatic changes
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| 710 |
2 |
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|a International Monetary Fund
|b Strategy, Policy, & Review Department
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a Policy Papers
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| 028 |
5 |
0 |
|a 10.5089/9798400221491.007
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/007/2022/047/007.2022.issue-047-en.xml?cid=524862-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a Several simultaneous shocks are weighing on the global economic outlook and complicate policymaking. Inflationary pressures are on the rise and increasingly broad based. Russia’s war in Ukraine continues to send shockwaves through the global economy, including by disrupting commodity markets and contributing to higher sovereign risk spreads. Lower growth in China as a result of lockdowns and a weaker housing market curtails global demand, while climate change is generating increasingly costly extreme weather events. The combination of lower growth and high prices squeezes household budgets, especially in low-income developing countries (LIDCs) where hard-to-replace spending items, such as food, account for a large share of consumption. Central banks face difficult policy trade-offs, as both over- and under-tightening the monetary stance would come with significant costs. Emerging and Developing Economies (EMDEs) need to cope with less favorable financial conditions and weaker currencies that raise the domestic currency value of foreign debt—a constellation that contains potential for wider debt distress. Policymakers should focus on gaining control over inflation, preserving financial stability, and using focused and well-targeted fiscal interventions to support those most in need. Global cooperation is more important than ever, but it is also under acute threat from geopolitical developments
|