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© Dominic Chavez/Global Financing Facility [[tweetable]]Still today, in almost all societies around the world, women are less well-off than men.[[/tweetable]] Women are still paid less than men;…
Second Annual Carbon Pricing Leadership Coalition High-Level Assembly. Photo: World Bank When the world united around the historic Paris climate agreement, in 2015, the message was clear: It’s…
Myanmar in 2012, when we started our financial sector engagement, and Myanmar today seem like two different worlds. Back then, sim cards cost close to US$500, visitors carried wads of crisp, new…
Photo © Dominic Chavez/World Bank Performance budgeting (PB) has a deep and enduring appeal. What government would not want to allocate resources in a way that fosters efficiency, effectiveness,…
Available in Myanmar version
Understanding Macroeconomic Volatility: Part 5. Read parts 1-4 here
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…
Globally, around 2 billion people do not use formal financial services. In Southeast Asia, there are 264 million adults who are still “unbanked”; many of them save their money under the mattress…