Taking Stock: A Progress Report on Fiscal Adjustment
Martine Guerguil, Assistant Director, Fiscal Affairs Department, IMF
Stephen Pickford, Associate Fellow, International Economics, Chatham House
Vicky Pryce, Senior Managing Director, FTI Consulting
Max Watson, Associate Fellow, International Economics, Chatham House
Chair: Paola Subacchi, Research Director, International Economics, Chatham House
With growth weakening in many parts of the world and public debt hovering at record levels, fiscal consolidation remains both a challenge and a necessity for most advanced economies. In this context, how can authorities strengthen public finances without undermining the recovery? What mix of tax increases and spending cuts is advisable in sustainable and equitable terms? What is the best way to design a credible adjustment path, and is the fiscal situation safer in emerging and low-income countries, or will they face similar quandaries further down the road?
The speakers will discuss these questions, and Martine Guerguil will present the findings of the latest IMF Fiscal Monitor report.
Attendance is by invitation only.