Parallel session
IMF session: Inclusive growth - income inequality, structural transformation, and gender diversity

The panel session will discuss recent research at the International Monetary Fund (IMF) on inclusive growth issues such as income inequality, structural transformation, and gender diversity. Promoting global economic growth and stability requires an understanding of the underlying macro-critical drivers, including the role of shared prosperity and opportunity.

Some macroeconomic policies and reforms may have adverse distributional implications, which in turn can undermine public support for reforms. In addition, interest in distributional issues has grown significantly in recent years, increasing the demand for the Fund to work in these areas.

While the IMF has long recognized the importance of inclusive growth, it has adopted in recent years a more systematic and structured approach to dealing with distributional effects.

Session videos

Parallel 2.1 | IMF session: Inclusive growth - income inequality, structural transformation, and gender diversity

Jonathan D Ostry | Chris Papageorgiou | Stefania Fabrizio | Davide Furceri | Q&A - Discussant: Benno Ndulu



Maxwell Opoku-Afari | Chair

Maxwell Opoku-Afari is the First Deputy Governor of the Bank of Ghana. Previously, Dr Opoku-Afari worked at the IMF in various roles, including Deputy Division Chief and Mission Chief. Before joining the IMF he worked in various roles at the Bank of Ghana including as the Special Assistant to the Governor and as a Senior Economist.

Jonathan D. Ostry | Presenter | Presentation

Jonathan D. Ostry is the Deputy Director of the Research Department of the IMF. His research focuses on domestic and international macroeconomic policy, including exchange rate regimes, capital controls, fiscal space, and income inequality. Dr Ostry has written and edited several books on international economic matters and has published numerous articles in scholarly journals. His recent work has focused on the management of international capital flows, in particular the role of capital controls.

Chris Papageorgiou | Presenter | Presentation

Chris Papageorgiou is a Deputy Unit Chief in the Low-Income Unit of the IMF’s Strategy, Policy, and Review Department. His work is primarily focused on economic growth and international macroeconomics. He has published extensively, including in the Review of Economics and Statistics, Journal of Economic Growth, Journal of International Economics, and Journal of Money Credit and Banking, among others. Dr Papageorgiou is a co-editor of the Journal of Macroeconomics, and an editorial board member of the IMF Economic Review.

Stefania Fabrizio | Presenter |  Presentation

Stefania Fabrizio is Deputy Unit Chief in the IMF's Strategy, Policy, and Review Department. Prior to joining the IMF, she was visiting professor at the University of Salamanca, Spain. Her research interests include macroeconomics, public finance and fiscal institutions, and she has worked extensively on policy issues related to the distributional implications of macroeconomic policies and reforms. Her research has been published in leading economic journals.

Davide Furceri | Presenter | Presentation

Davide Furceri is a senior economist in the IMF's Research Department. He previously worked as an economist at the European Central Bank and at the Organization for Economic Co-operation and Development. Dr Furceri has published extensively in academic journals in the area of macroeconomics, public finance and international macroeconomics. 

Benno Ndulu | Discussant

Benno Ndulu currently holds the Mwalimu Nyerere Professorial Chair in Development at the University of Dar-es-Salaam; and is an Academic Co-Director of Pathways to Prosperity: Commission on Technology and Inclusive Development hosted at the University of Oxford. He is the former Governor of the Bank of Tanzania (2008-2018) and has previously held positions as Professor at the University of Dar es Salaam; Executive Director of the AERC; and leading positions at the World Bank.