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The Belt and Road Initiative 2021 Survey – The impact of Covid‑19 on the BRI


Central Banking
The Belt and Road Initiative 2021 Survey – The impact of Covid‑19 on the BRI
The fourth annual Belt and Road Initiative survey reveals that the Covid‑19 pandemic has disrupted many projects despite China remaining committed to financing the initiative, which is expected to support future economic growth and environmental development. By Zhang Jizhong, Rachael King and Christopher Jeffery
Old Nisa, Ashgabat, Turkmenistan, one of the first Parthian capitals
This article is part of The IFF China Report 2021
The Covid‑19 pandemic had a stark effect on global GDP growth last year. In April 2021, the International Monetary Fund (IMF) said the global economy contracted by 3.3% in 2020 – the steepest downturn since the Great Depression of the 1930s. The plunge in economic output was the result of social distancing measures implemented to contain the novel coronavirus, which in turn caused supply chain disruptions and major project delays. ....

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World Council of Churches Quotes Eric LeCompte on Civil Society Policy Forum


World Council of Churches Quotes Eric LeCompte on Civil Society Policy Forum
World Council of Churches Quotes Eric LeCompte on Civil Society Policy Forum
April 01, 2021
World Council of Churches Quotes Eric LeCompte on faith-based organizational meetings with the IMF and World Bank to discuss global debt reductions. Read an excerpt below, and click here for the full story.
As debt piles onto the backs of poor countries, Christian community calls for relief
Jeronim Zettelmeyer, deputy director of the International Monetary Fund’s Strategy, Policy and Review Department, shared current efforts to respond to the debt crisis. At the same time, he said civil society organisations should “put pressure on their own domestic authorities” as the problem does not only lie with the international financial architecture.  ....

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World Bank economist Deepak Mishra appointed as director of ICRIER


Deepak Mishra, Practice Manager in the World Bank’s Macroeconomics, Trade, and Investment Global Practice, has been appointed as the next director and chief executive of the Indian Council for Research on International Economic Relations (ICRIER).
He will take the charge from Rajat Kathuria who has been the director and chief executive of ICRIER since 1st September 2012.
Mishra has held various positions at the World Bank, including co-director of the World Development Report 2016 (Digital Dividends), country economist for Ethiopia, Pakistan, Sudan, and Vietnam.
Deepak has also served as the World Bank’s Country Economist for India, based in Delhi, from 2001-04. At the time he worked closely with the government of India and with several state governments including Andhra Pradesh, Bihar, Karnataka, Maharashtra, and Punjab. ....

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