Economist Podcasts Make the world’s money go ‘round: a bunged-up IMF
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Apr 13, 2023 
Kerry and Richmond Jones, finance and economics writers for The Economist, dive into the complexities of the IMF's stagnant lending despite its cash reserves. They discuss how China’s lending practices threaten the IMF's relevance. Robert Guest, the deputy editor, sheds light on the toll of climate change on Latin American agriculture, revealing struggles faced by farmers in Brazil and Argentina. The conversation also touches on the intriguing dynamics of the 'talented jerk' in the workplace, exploring their impact on team morale.
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IMF's Struggling Role
- The IMF, a key economic forecaster, struggles in its more important role as a lender.
- It holds over a trillion dollars but fails to disburse it effectively.
China's Impact on IMF Lending
- China's lending practices and refusal to adhere to established rules hinder the IMF's ability to lend.
- Many countries face unsustainable debt, preventing the IMF from fulfilling its purpose.
Ethiopia's Debt Struggle
- Ethiopia's request for debt restructuring under the Common Framework in 2021 has seen little progress.
- This highlights the framework's ineffectiveness in addressing debt issues involving China.
