Liza (center) with her classmate Recently I met an inspiring student: 12-year-old Song Liza, who told me about her goal of becoming a doctor. Her reasoning is simple: one, because the shortage of…

Saroeun Bou |

It has been almost four years since I first became involved with the regional public-private dialogue initiative, the Caribbean Growth Forum (CGF). In June 2012, I walked into the conference room…

Israel Mallett |

Also available in: Français A public faucet that serves 1, 000 families in el Alto, Bolivia. Photo credit: Stephan Bachenheimer / World Bank Small towns* typically have not been well served by…

Fadel Ndaw |

The Middle East and North Africa region has never faced such significant stress on its ageing infrastructure like it does today, with one of the most telling being the substantial increase in the…

Sameh Mobarek, Moëz Cherif, Fanny Missfeldt-Ringius |

In our one-year-at-a-time celebration of the 25 year partnership between Mongolia and the World Bank, today we look at 2005.  Growth remained a robust 7.3% and industry, which includes mining,…

Jim Anderson |

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 |

Also available in: Arabic | French | Spanish In 2015 the world saw great momentum for climate action, culminating in a historic agreement in December to cut carbon emissions and contain global…

Andy Shuai Liu |