For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the…
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,…
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…
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…
Let me explain why the World Bank is optimistic for Moldova. Reason for optimism number 1. On the edge of the largest market in the world - the European Union - and with labour costs a tiny…
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…
The SAFE Trust Fund application (Word document) is now open until 27 February 2015. What is SAFE? SAFE means Strengthening Accountability and the Fiduciary Environment. It is a Trust Fund group…
It’s hard to get a break in the Europe and Central Asia region, it seems – even a short one. Hit hard by the troubles in the Eurozone at the beginning of the decade, emerging and developing…
The Debate .asset-video strong{display:none} Governments in the Arab world have long subsidized the price of energy. This gives citizens throughout the region access to cheap petrol and diesel,…
What does it take to make reforms work in small island countries? At the end of June 2013, twelve Caribbean countries presented a roadmap for growth in three areas -logistics and connectivity,…