Paulo Medas is Deputy Division Chief in the IMF’s Fiscal Affairs Department. Previously, he held various positions in the IMF’s European and Western Hemisphere departments. He was the IMF’s Resident Representative in Brazil from 2008-11.
Three years since the outbreak of the pandemic, fiscal policy has moved a long way toward normalization. Governments have withdrawn exceptional fiscal support, and public debt and deficit...
Policymakers must strike the right balance in the face of high debt and rising inflation.
As public debt rises to record levels, countries need to calibrate fiscal policies to their own unique circumstances.
Many countries entered the pandemic with elevated debt levels. Our new update of the IMF’s Global Debt Database shows that global debt—public plus private—reached $197 trillion in 2019, u...
No country is immune to corruption. The abuse of public office for private gain erodes people’s trust in government and institutions, makes public policies less effective and fair, and si...
