Illicit trade in tobacco products undermines global tobacco prevention and control interventions, particularly with respect to tobacco tax policy. From a public health perspective, illicit trade…

Sheila Dutta |

We’re pleased to announce support for 12 projects which seek to improve the way development data are produced, managed, and used. They bring together diverse teams of collaborators from around the…

World Bank Data Team |

The Asia-Pacific region, comprised of 58 economies, is geographically expansive and a picture of diversity. The trends for sustainable energy in Asia-Pacific, which mirror the region’s economic…

Sharmila Bellur |

Kazakhstan. Photo: Kubat Sydykov / World Bank How large is the share of public procurement to GDP in middle-income and low-income countries and how it is evolving? If sizable, can public…

Simeon Djankov, Federica Saliola, Asif Islam |

Port Vila, Vanuatu. Photo credit: Phillip Capper Overjoyed at the emergency rehabilitation of Bauerfield International Airport, Vanuatu’s gateway for travelers, Linda Kalpoi, the general manager…

Christopher J. De Serio, Cristiano Costa e Silva Nunes |

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…

Sri Mulyani Indrawati |

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 |