China should prioritise reforms to open up its economy, reduce inequality and expand innovation on its “bumpy” transition to a new growth model, International Monetary Fund managing director Christine Lagarde has said.
The Japanese government should introduce reforms to boost wages growth as part of economic plans to help the country escape from deflation, write Luc Everaert and Giovanni Ganelli of the IMF.
The powers of the attorney general and public prosecutor in Malaysia should be separated in order to establish greater independence in the country’s judiciary, Transparency International has recommended.
Pragmatic, targeted and well-sequenced public finance management reforms are more likely to lead to success than ambitious, large-scale overhauls, the Asian Development Bank vice president has said.
The Chinese Renminbi is to be identified in the International Monetary Fund’s official foreign reserves database as of October, the fund has announced.
Australia could see its annual disaster bill almost quadruple by 2050, to an average of AU$33bn, as population density and the severity and frequency of disasters increases.
