Happy New Year

Dear Friends,

I hope that your year is off to a good start. Like every other year that ever was, this one is full of challenges of each of us, for our country (which ever one it is) and for our world. I think that for most economies the prospects for recovery and growth are somewhat better than they were at this time last year. But for the United State and some other European countries serious public debt problems must be address sooner rather than later (actually, we are already now living in “later”).

My coming months will be largely taken up with the continuation of the work I was doing with the International Monetary Fund in Afghanistan and with Deloitte/USAID in Southern Sudan this past year. I expect to return to Kabul in a few weeks and, if all goes well with the independence referendum in Sudan starting this Sunday I will return there soon as well. For those of you interested, several articles in the Washington Post yesterday and today provide a good summary of what is going on in Sudan: “Sudan on the brink” “Sudan votes comes together after rocky Obama effort to prevent violence” Southern Sudan makes “final walk to freedom”

My role in Southern Sudan is to help them set up a new central bank and to issue a new currency and to keeps is value stable. It promises to be an active and interesting year.

My best wishes to you,


About wcoats

Dr. Warren L. Coats specializes in advising central banks on monetary policy, and in the development of their capacity to formulate and implement monetary policy. He is retired from the International Monetary Fund, where, as Assistant Director of the Monetary and Financial Systems Department, he led missions to over twenty countries. Before then, he served as Visiting Economist to the Board of Governors of the Federal Reserve System, and to the World Bank, and was Assistant Prof of Economics at the Univ. of Virginia from 1970-75. Most recently he was Senior Monetary Policy Advisor to the Central Bank of Iraq; an IMF consultant to the central banks of Afghanistan, Kenya and Zimbabwe; and a Deloitte/USAID advisor to the Government of South Sudan. He is currently a member of the Editorial Board of the Cayman Financial Review and until the end of 2013 was a member of the IMF program team for Afghanistan. His most recent book is entitled "One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina."
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