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© ThickStock.com/Getty Images The first green bond issued by the World Bank 10 years ago created the blueprint for today’s US$500+ billion labeled bond market. This blog post looks at how green…
It is an unfortunate but fact of life that Indonesia often deals with the impacts of natural disasters. It was sadly evident again this week when I arrived in Jakarta to the unfolding disaster…
People in Saint-Louis, Senegal. © Ibrahima BA Sané/World Bank [[tweetable]]Massive investment is needed to meet the ambitious goal of ending extreme poverty and boosting shared prosperity by 2030…
Photo: Pierre-Yves Babelon/Shutterstock In an effort to harness the benefits of urbanization and improve the living conditions of the urban poor, Latin American countries have experimented with…
Understanding Macroeconomic Volatility: Part 5. Read parts 1-4 here
This blog was previously published in The World Post.
Talk about ‘growth’ in Latin America has become less upbeat today than a few years ago. That’s no surprise. For over a decade, average…
Understanding macroeconomic volatility part 3Read parts 1 & 2
There’s good evidence that a country’s level of financial development affects the impact of volatility on economic growth,…
Understanding Macroeconomic Volatility: Part 2 The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government…
Volatility in financial markets gets wide attention in the public eye. Less noticed is what we in the development world call macroeconomic volatility—faster-than-desired swings in the broad forces…
Increasing financial access and financial inclusion have proven to be effective in reducing poverty and accelerating economic growth, and are prominent in the new Sustainable Development Goals.…