Inflation has pushed up prices for almost everything, but rising food prices could mean life or death for people in countries already struggling with conflict, economic downturns, and the effects of climate change. Maximo Torero Cullen is Chief Economist for the UN's Food and Agriculture Organization, which tracks global food security. In this podcast, Torero says wheat and fertilizer supply shortages have driven up prices and increased food import bills for the most vulnerable countries by more than 25 billion dollars, putting 1.7 billion people at risk of going hungry. Transcript: https://bit.ly/3vlHUht
Welcome to episode 2 of Fintech Forward, a new IMF podcast series with a focus on financial technology. Hosted by IMF economist Tara Iyer, Fintech Forward draws from the expertise of the IMF Monetary and Capital Markets Department (MCM) to better understand the impact of emerging technologies on financial systems and local economies around the world. In this podcast, MCM Deputy Director, Dong He, discusses how central bank digital currencies (CBDC) are set to transform the global monetary system.
The energy crises of the early 70s, the 80s, and the early 2000s all had their challenges, but none were so intertwined with other emergencies like a war in Europe, climate change, and a global pandemic. Daniel Yergin won the Pulitzer Prize and many other accolades for his writing on the political economy of global energy. His latest book The New Map: Energy, Climate and the Clash of Nations looks at where today's energy markets are headed and the geopolitics of an energy transition from hydrocarbons to renewable energy. In this podcast, Yergin says renewables use a lot more minerals than people realize and will move us from the world of big oil to a world of big shovels.
Daniel Yergin is Vice Chairman of S&P Global.
Albert Einstein once said, "In the midst of every crisis, lies great opportunity." But while the war in Ukraine has sparked crises on several fronts, the opportunities are not all that obvious at this point. Historians can help connect those lines by looking back at how we emerged from history's darkest hours. Patricia Clavin is Professor of Modern History at Oxford University. In this podcast, journalist Rhoda Metcalfe asks Clavin what the geopolitical fallout from the war might mean for globalization. Transcript: https://bit.ly/3RdufCi
Read Patricia Clavin's article Turbulence and the Lessons of History in the June issue of Finance and Development. IMF.org/FandD