Economic literature shows that financial systems support livelihood enhancement and economic development by offering savings, payment, credit and risk management services to households and firms.…

Raian Divanbeigi, Rong Chen |

Technological innovation in the financial industry has reached the wealth management services industry where automated financial advisors, known as robo-advisors, are starting to compete with…

Facundo Abraham, Sergio Schmukler, José Tessada |

Download the January 2019 Global Economic Prospects report. Since 2013, median government debt in low-income countries has risen by 20 percentage points of GDP and increasingly comes from non-…

Patrick Kirby, Sinem Kilic Celik, Sebastian Essl, Andre Proite |

In 2014, the World Bank issued a highly relevant and timely report titled Risk and Opportunity:  Managing Risk for Development. This report analyzed the growing number of heterogenous risks and…

Carlos Végh, Guillermo Vuletin, Daniel Riera-Crichton |

Tax avoidance by the world’s wealthiest people and largest companies is widespread. The excuse is that such avoidance is legal. Rich individuals and corporations look for jurisdictions that have…

Davida Connon, Simeon Djankov |

Achieving sustainable development depends on incremental investments in six priority transformations: building human capacities (health, education, new job skills); decarbonising energy; promoting…

Jeffrey D. Sachs |

Growing a business is not easy, and for women firm owners the challenges can be acute, especially when they are poor and run subsistence level firms. In developing countries, 22 percent of women…

Mayra Buvinic, Joao Montalvao, Amy Copley |

It is widely accepted that corporate tax avoidance is commonplace, but experts disagree over the precise amount of tax that corporations successfully avoid. One estimate for 2012 suggests that 50…

Davida Connon |