The contribution of capital flows to sustainable growth in emerging markets
11 July 2023 · Lesetja Kganyago , Governor of the South African Reserve Bank (South Africa)
Summary written by Dark Majestic in its own words · topics: public finances and debt , development and emerging economies , growth, investment and productivity
LK 11 Jul 2023 · Lesetja Kganyago Wiki · South African Reserve Bank Wiki The contribution of capital flows to sustainable growth in emerging markets Context Text of the 2023 Michel Camdessus Central Banking Lecture by Lesetja Kganyago, Governor of the South African Reserve Bank, at the International Monetary Fund, Washington DC, 11 July 2023.
Why it matters Kganyago argues credible policy frameworks help emerging markets withstand capital flow swings.
Problems raised Capital flows can be volatile for emerging markets. Sudden stops harm growth. Policy frameworks may be weak. Solutions proposed Build credible monetary and fiscal frameworks. Use capital flows to support sustainable growth. Strengthen buffers against volatility. Read full speech on bis.org ↗ More from Lesetja Kganyago · South African Reserve Bank · all speeches
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