Closing Plenary of the Investor Forum. © World Bank “Private capital is often an important source of sustainable finance. Public finance alone may not be sufficient to meet the demands for…

Ceyla Pazarbasioglu |

© Maria Fleischmann/World Bank Sustainability is the holy grail of development. There are many interventions that yield positive results in the short term but somehow fail to be sustained over…

Oscar Calvo-González, Abel Cruz, Marco Hernandez |

Photo: HAC/Croatian Motorways The state of Croatia’s road sector poses a unique challenge compared with more typical World Bank projects where road assets either need to be developed or require…

Prajakta Chitre, Sebnem Erol Madan, Ioannis Dimitropoulos |

I had the privilege recently to spend an unscheduled hour of discussion with a group of young Tunisians who were visiting our offices. As often, on these occasions it is hard not to get captured…

Antonius Verheijen |

Registered nurses look after newborns at a maternity hospital in Freetown Sierra Leone. © Dominic Chavez/World Bank Last week on World Population Day, I was thinking of the joy of children and the…

Kristalina Georgieva |

To reinvigorate growth in Europe, European Central Bank President Mario Draghi called for more common projects in the European Union (EU). And he emphasized that these efforts need to meet a set…

Doerte Doemeland, Arup Banerji, Sanja Madzarevic-Sujster |

What would be a game-changer for achieving some of the world’s most difficult goals — such as ending poverty and hunger and making sure every child gets a quality education? Billionaire…

Donna Barne |

When development practitioners such as ourselves think of poverty, the EU is not what comes to mind first. While it is true that average incomes are higher in Europe than in most regions of the…

Doerte Doemeland, Gabriela Inchauste |

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 |