The International Monetary Fund has said advanced economies such as Britain, the US and Japan risk being overwhelmed by their ageing populations, and calls on them to throw open their borders to more migrant workers in response. ​Most funds for IMF loans are provided by members via payments based on their position in the world economy, although the IMF can also borrow. Photograph: Yuri Gripas/X00866The analytical chapters of its report, published on Monday, said: “Dramatic shifts in demographic structure projected in advanced economies could overwhelm the ability of policies to offset the forces of ageing. The IMF said for the median advanced economy, the female labour force participation rate had increased by close to 10% since 1985. It said, however, that more women and older workers alone may not be enough for economies to solve the problem.

Source: The Guardian April 09, 2018 16:28 UTC