This blog post was co-authored with Dino Merotto, Tihomir Stucka, and Tau Huang.  The benefits of debt relief have persisted, although some countries may now be borrowing too quickly. Remember…

Mark Roland Thomas, Dino Merotto |

As European leaders convened in Brussels to find solutions—yet again!—to the debt crisis in the Euro zone, Kenyans are witnessing the old continent’s woes with a mix of surprise and self-…

Wolfgang Fengler |

The impact of the global financial crisis on infant mortality is a topic of great policy importance. However, estimates of the likely impacts of the crisis, cited by international institutions and…

Norbert Schady |

When the global economic crisis hit Africa, I worried (along with others) that the continent’s economic reforms would be stalled or reversed.  Political support for these reforms may be undermined…

Shanta Devarajan |

At a recent conference that brought together African Finance and Education ministers, the keynote speaker, Tharman Shanmugaratnam, finance minister (and former education minister) of Singapore…

Shanta Devarajan |

Sub-Saharan Africa now has the highest incidence of extreme poverty, such as judged by the World Bank’s $1.25 a day poverty line. Granted, Africa has shown encouraging signs since the mid 1990s of…

Martin Ravallion |

In recent months, the external sector in South Africa has strengthened in ways that are somewhat perplexing. The strengthening has partly to do with weak import demand due to the economic slowdown…

Sandeep Mahajan |

A friend sent this photograph, with the following caption: “Don't let the recession take the flame out of your romantic lives!  There's always sunshine in Africa! Resourcefulness at its…

Shanta Devarajan |

Last Friday, the World Bank released its Country Policy and Institutional Assessment (CPIA) of low-income countries.  While the assessments are mainly used to determine the allocation of…

Shanta Devarajan |

So far the dialogue between the main political parties has failed to produce an agreement on the way forward for a return to a democratic Government. For the time being, the economy continues to…

Noro Andriamihaja |