The 2017 Hurricane season was the most devastating season on record in terms of cost. For many, it was a stark reminder of how the entire economy of a small nation can be wiped out in a few hours…

Christelle Chapoy, Mariana Ceratti, Brune Andre |

A man walks amid destruction on a street in Roseau on the Caribbean island of Dominica following passage of Hurricane Maria. © CEDRICK ISHAM CALVADOS/AFP/Getty Images [[tweetable]]In the Caribbean…

Kristalina Georgieva |

In recognition of the vulnerabilities of small island states, we are responding to their aspirations and supporting their recovery and resilience building efforts in five inter-connected ways.

Tahseen Sayed, Christelle Chapoy |

A detailed map of the Kibera slum in Nairobi, Kenya. Open Street Map Amateur mappers the world over have long known that they can support global development, from the comfort of their homes,…

Charles Fox, Benjamin Stewart |

A prevention program against crime and violence in Zacatecoluca, El Salvador, supports sporting activities for the children from this municipality. Photo: Victoria Ojea/World Bank

Jorge Familiar |

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,…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

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…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

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…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Also available in: Français | العربية   A boat trip from Port Elizabeth to Kingstown, in the Caribbean country of Saint Vincent and the Grenadines, is a one-hour trip that locals take several…

Valerie Lorena |