Download the January 2019 Global Economic Prospects report. Since 2013, median government debt in low-income countries has risen by 20 percentage points of GDP and increasingly comes from non-…

Patrick Kirby, Sinem Kilic Celik, Sebastian Essl, Andre Proite |

Also available in: Français | العربية Growth in the Middle East and North Africa region is estimated to have slowed sharply in 2017 and is forecast to recover to 3 percent in 2018. Regional…

Lei Sandy Ye |

According to conventional wisdom, capital flows are fickle. They are fickle more or less independent of time and place. But different flows exhibit different degrees of volatility: FDI is least…

Poonam Gupta, Barry Eichengreen, Oliver Masetti |

Sovereign credit ratings assigned by the major rating agencies (such as Fitch, Moody’s and Standard and Poor’s) play a major role in determining the government’s access to international capital…

Dilip Ratha |

With spectacular growth of microfinance institutions (MFIs) in Bangladesh, there is a growing concern that borrowers might be borrowing from multiple sources and more than they are able to repay,…

Shahid Khandker, Hussain Samad |

The crisis in Greece and the Eurozone has escalated as depositors flee banks in fear not only of the consequences of sovereign default but also of Greece abandoning the Euro. Unfortunately, this…

Sergio Schmukler, Maria Soledad Martinez Peria |

The current policy debate on spurring growth is sometimes couched as a choice between fiscal stimulus and structural reform. In the context of the euro zone, this gives an incomplete picture. Two…

Zia Qureshi |

As a counterpoint to grim forecasts coming out of Europe, I am hopeful that we can anticipate an Asian century where China will grow dynamically for another 20 years. Yet there are caveats to this…

Justin Yifu Lin |

According to Nobel-winning economist Joseph Stiglitz, creating jobs amidst today’s low-demand, high-debt environment is a tall order. It will require viable structural employment policies,…

Merrell Tuck-Primdahl |

Jackson Hole was abuzz last week as top economists rubbed shoulders with central bankers, but the stuffed bears in the lobby of the venue seemed symbolic of the angst permeating world markets. In…

Justin Yifu Lin |