In many countries, governments often subsidize the energy sector keeping the price of power lower than it might otherwise be. The aim is to protect the poor by keeping prices low. But, a new study by the International Monetary Fund suggests that these subsidies don't always have the desired effect.

Supporters of globalization say that globalization creates growth by encouraging people and countries to interact and trade with each other across national borders. But, has the focus on international integration caused policymakers to overlook the need to integrate their national economies?

Sub-Saharan economies might be performing well now, but not so long ago, they were mired in debt. During the 70's, many of them borrowed money to unsustainable levels and found themselves unable to service their debt. Joly explains how they got out of their predicament.

Mozambique has had one of highest growth rates in Sub-Saharan Africa over the past two decades. But the increased riches aren't being enjoyed by all. The government is now aiming for "inclusive growth"—something which the IMF is increasingly pursuing in ITS work in Sub-Saharan Africa. But what is "inclusive growth", and how to achieve it?

The euro area may be the world's largest and most well-known regional currency union, but the Eastern Caribbean Economic and Currency Union is an interesting microcosm of its larger European counterpart. The two could learn lessons from each other, suggests an IMF economist.

The 1944 Bretton Woods conference laid the foundations of the modern international monetary system, but little was known about the exact proceedings of that historic gathering, until now. A U.S. treasury economist's discovery of the original transcript of that meeting provides an insight into the characters and the intense debate surrounding the birth of two major international organizations.