Poverty in Brazil is disproportionately concentrated in rural areas.  Although rural households account for only 15% of the population, 45% of them fall within the nation’s poorest quartile.  A…

Caio Piza, Astrid Zwager, Isabela Furtado |

In 2017, a severe and prolonged drought had hit countries in Africa and the Middle East, bringing crop shortage, livestock death, water scarcity and disease. Food shortages escalated into near-…

Utz Pape |

The debate on whether the state should play an active role in broadening access to finance or not is one that has lingered for decades. A recent book (de la Torre, Gozzi, and Schmukler, 2017)…

Sergio Schmukler, Facundo Abraham |

The 2018 World Development Report (WDR), Learning to Realize Education’s Promise, launched this week.  While it draws on research and collective experience—both from within and outside the World…

Deon Filmer, Halsey Rogers |

Global economic growth is accelerating. After registering the slowest pace since the 2007-2009 financial crisis in 2016, global growth is expected to rise to a 2.7 percent pace this year and 2.9…

Ayhan Kose, Raju Huidrom, Franziska Ohnsorge, Naotaka Sugawara |

Developing countries made considerable gains during the 2000s, resulting in a large reduction in extreme poverty and a significant expansion of the middle class. More recently that progress has…

Margaret McMillan, Dani Rodrik, Claudia Sepúlveda |

Long one of the world’s most unequal countries, Brazil surprised pundits by recording a massive reduction in household income inequality in the last couple of decades. Between 1995 and 2012, the…

Francisco Ferreira, Sergio Firpo, Julián Messina |

Economic shocks can be painful and destructive, especially in fragile countries that can get trapped into a cycle of conflict and violence. Effective policy responses must be implemented quickly…

Utz Pape |

The World Bank’s conference on “The State of Economics, the State of the World” was an opportunity to take stock of the emergence of new paradigms for understanding economic development. …

Karla Hoff |

Red tape can be a significant barrier to having informal firms formalize and eventually benefit from any business support programs provided by governmental agencies. While the relationship between…

Caio Piza |