Vitor Gaspar, a Portuguese national, is Director of the Fiscal Affairs Department of the International Monetary Fund. Prior to joining the IMF, he held a variety of senior policy positions in Banco de Portugal, including most recently as Special Adviser. He served as Minister of State and Finance of Portugal during 2011-2013. He was head of the European Commission’s Bureau of European Policy Advisers during 2007-2010 and director-general of research at the European Central Bank from 1998 to 2004. Mr. Gaspar holds a Ph.D. and a post-doctoral agregado in Economics from Universidade Nova de Lisboa; he also studied at Universidade Católica Portuguesa.
The authors of the latest IMF Fiscal Monitor report discuss how exceptional economic conditions since the pandemic have shaped Fiscal policy outcomes.
2020 saw the largest one-year debt surge since World War II as a result of the COVID-19 pandemic and a deep recession.
Global debt has reached a record-high with the pandemic, presenting the need for fiscal policies to support the world's recovery, both private and public.
Disparities in vaccine access and policy support in different countries is creating a divide between more advanced economies and less advanced economies.
A new paper from IMF staff proposes scaling up global carbon pricing arrangement that complements the Paris Agreement, to cut back global CO2 emissions.
Governments must tailor their fiscal policy response to COVID-19, with the IMF recommending targeted support to vulnerable homes and focused support to viable firms.
The IMF's January 2021 Fiscal Monitor Update outlines what more governments can do to achieve a greener, fairer, and more durable recovery from COVID-19.
Cuando el Gran Cierre termine, una fuerte recuperación económica que beneficie a todos dependerá de la mejora de las redes de seguridad social y de un amplio apoyo fiscal, dice el FMI.
When the Great Lockdown finally ends, a strong economic recovery that benefits everyone will depend on improved social safety nets and broad-based fiscal support, says the IMF.
With many countries around the world off-target for meeting their Paris climate commitments, and looming climate change, can carbon pricing offer us hope?
El cambio climático es el gran reto existencial de nuestro tiempo. Es un reto que afecta a todas las regiones y que tiene consecuencias especialmente graves en los países de bajo ingreso....
Amid slowing economic growth and high public debt across the world, demographic changes and technological advances are reshaping the global economy.
Corruption harms education and takes funds away from roads and hospitals - but there are ways to help governments fight back.
New research indicates that most governments don't know how much they own - and putting their assets to better use could boost GDP.
As Asia's digital presence grows at an exponential rate, policy-makers must create new opportunities for those wishing to connect.
