This panel — a part of the Civil Society Policy Forum of the IMF’s Spring Meetings — will examine how IMF surveillance overlooks private-sector foreign asset accumulation and capital flight in its External Sector Assessment framework. While current accounts, reserve adequacy, and net international investment positions receive significant attention, resident capital outflows are often treated as residuals rather than analyzed as objects of policy. This has real consequences for assessing external vulnerability and designing adjustment policies.
Panelists will explore the implications for developing countries, discuss ways to improve data integration, and highlight opportunities for multilateral cooperation and more coherent policy responses.
Moderator: Andrés Arauz | Senior Research Fellow, CEPR
Panelists:
Andrés Knobel | Lead Researcher, Tax Justice Network
Getachew Teklemariam | Senior Program Officer, Coalition for Dialogue on Africa (CoDA) / African Union High Level Panel on Illicit Financial Flows Secretariat
Ivana Vasic-Lalovic | Senior Research Associate, CEPR
IMF Staff Member (External Sector Assessment expert), TBD
Co-Sponsors: Tax Justice Network; Latindadd; Coalition for Dialogue on Africa; Bretton Woods Project; MenaFem Movement for Economic and Ecological Justice