En el Día Mundial de los Refugiados, rendimos homenaje a los rostros de la resiliencia: madres, padres, esposos, esposas y niños, que huyeron de horribles circunstancias, y que continúan luchando…

Jim Yong Kim |

On World Refugee Day, we pay tribute to faces of resilience – mothers, fathers, husbands, wives, and children, who fled horrific circumstances as refugees, but who continue to strive every day to…

Jim Yong Kim |

[[tweetable]]Soixante-cinq millions d’individus dans le monde sont des déplacés, à cause d’un conflit ou d’une guerre.[[/tweetable]] Les pays en développement accueillent 95 % d’entre eux (a). Les…

Ceyla Pazarbasioglu |

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…

Nagavalli Annamalai |

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 |

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…

José de Luna-Martínez |