As urbanization continues to grow worldwide, affordable housing is a rare commodity in many cities. Sao Paolo­, South America’s biggest city, has gained over 2 million new residents in the past decade alone. Elizabeth Johnson heads Brazil research at TS Lombard and has been studying Sao Paolo’s latest attempt at strengthening its housing strategy. In this podcast, Johnson says the city looked to its largely abandoned downtown core to address its housing woes. Transcript: https://bit.ly/4fuFBNj Read the article in Finance and Development: IMF.org/fandd

While housing markets play a significant role in economies, new research shows houses across 40 countries are less affordable than at any time since the 2008 financial crisis. IMF economist Deniz Igan helped develop the Housing Affordability Index. In this podcast, she says the pandemic triggered an unusual sequence of events that housing markets around the world are still struggling to correct.  Transcript: https://bit.ly/49AeK0N Read the article in Finance and Development: IMF.org/fandd

Driving Change: Women-Led Development Economics from the Ground Up The International Economic Association’s Women in Leadership in Economics Initiative (IEA-WE) connects women economists worldwide and helps showcase their important empirical research, especially in developing countries. IMF Podcasts has partnered with the IEA-WE to produce a special series featuring the economists behind the invaluable local research that informs policymakers in places often overlooked. This episode of Driving Change features Kenyan economist Rose Ngugi, whose indices are helping local counties design policies that work. Other episodes in the series include Colombian economics Professor Marcela Eslava, who looks to fix Latin America’s dysfunctional social security network, and Turkish economist Ipek Ilkkaracan, who makes a strong business case for investing in social care infrastructure. Transcript: https://bit.ly/4eOBbAt Special thanks to IEA editor Navika Mehta for this collaboration.

Driving Change: Women-Led Development Economics from the Ground Up The International Economic Association’s Women in Leadership in Economics Initiative (IEA-WE) connects women economists worldwide and helps showcase their important empirical research, especially in developing countries. IMF Podcasts has partnered with the IEA-WE to produce a special series featuring the economists behind the invaluable local research that informs policymakers in places often overlooked. This episode of Driving Change features Colombian economics Professor Marcela Eslava, whose research looks to fix Latin America’s dysfunctional social security network. Other episodes in the series include Turkish economist Ipek Ilkkaracan, who makes a strong business case for investing in social care infrastructure, and Kenyan economist Rose Ngugi, whose indices help local counties design better policies. Transcript: https://bit.ly/3Os40bc Special thanks to IEA editor Navika Mehta for this collaboration.

Driving Change: Women-Led Development Economics from the Ground Up The International Economic Association’s Women in Leadership in Economics Initiative (IEA-WE) connects women economists worldwide and helps showcase their important empirical research, especially in developing countries. IMF Podcasts has partnered with the IEA-WE to produce a special series featuring the economists behind the invaluable local research that informs policymakers in places often overlooked. Driving Change kicks off this limited-run series from Turkey, with economist Ipek Ilkkaracan, who makes a strong business case for investing in social care infrastructure. Other episodes include Kenyan economist Rose Ngugi, whose indices help local counties design policies that work, and Colombian economics Professor Marcela Eslava, whose research looks to fix Latin America’s dysfunctional social security network. Transcript: https://bit.ly/3CQFQVq  Special thanks to IEA editor Navika Mehta for this collaboration.

With sub-Saharan Africa soon to have one of the largest working-age populations in the world, removing barriers to business growth and encouraging higher productivity industries will help provide the employment opportunities it needs. But reforms don’t come easy. Wenjie Chen and Andrew Tiffin are economists in the IMF’s Africa Department and produce the Regional Economic Outlook for sub-Saharan Africa. In this podcast, they say addressing development needs while realizing reforms that create sufficient jobs will help garner public support and improve regional prospects.  Transcript: bit.ly/4fqMdwQ  Read the full report at IMF.org

As inflation and interest rates continue to decline and the likelihood of a recession slowly fades, financial markets have seen big equity gains. But the latest Global Financial Stability Report (GFSR) warns of several factors that could upend the recovery, including the apparent disconnect between market buoyancy and heightened uncertainty, especially related to geopolitical risks. Jason Wu and Nassira Abbas lead the IMF’s work on financial stability. In this podcast, they say while the near-term risks appear contained, medium-term prospects remain a concern. Transcript: https://bit.ly/48cGMyV Read the full report at IMF.org/GFSR

While 21st-century globalization and international trade dramatically changed how multinational corporations operate, the way they are taxed is largely based on early 20th-century thinking. Recent efforts by the OECD and the UN to modernize the international corporate tax system include a minimum corporate tax to make it more equitable. The IMF has also joined the effort by providing its expertise on global tax policy. Senior counsel Cory Hillier and senior economist Shafik Hebous are coauthors of recent research that seeks to strengthen the impact of a corporate minimum tax.  Transcript: https://bit.ly/47YwFhb

Yuval Noah Harari, a celebrated historian and philosopher, dives into the fascinating interplay between storytelling and trust in human societies. He discusses how artificial intelligence threatens our most vital resource—trust itself. The conversation spans the evolution of money as a cultural artifact, revealing the complexities of modern financial systems. Harari also examines the agricultural revolution's legacy and its implications for today's AI-driven world, raising urgent questions about democracy and the integrity of communication.

With all the instability within the Middle East and North Africa region of late, Egypt has nonetheless managed to reign in soaring inflation and win its largest-ever foreign investment. Egypt’s efforts to restore macroeconomic stability in recent years have led to an arrangement under the IMF’s Extended Fund Facility for Egypt, which makes available US$820 million to help support its reform agenda. Ivanna Vladkova Hollar leads the IMF’s work in Egypt. In this podcast, she says that while stabilizing its economy is positive, Egypt’s next big step is an economic transformation that will lift its private sector. Transcript: https://bit.ly/4efXuzH Learn more about the IMF’s work in Egypt at IMF.org/Egypt