Food-import bills are surging fastest for poor countries that are already in debt distress. The danger of an overlapping food and debt crisis is greatest those at high risk of debt distress or…

Marcello Estevão |

The worst global food crisis in a decade was one of the top issues discussed at the 12th ministerial meeting of the World Trade Organization last month. It is a crisis made worse by the growing…

Mari Elka Pangestu, Axel van Trotsenburg |

Today, 4.4 billion people— just over half the world’s population—live in cities. In just the next three decades, two out of every three people on the planet will live in cities. Cities are the…

Juergen Voegele |

Earlier this month, I had an opportunity to visit the World Bank-UNHCR Joint Data Center on Forced Displacement (JDC) in Copenhagen, Denmark. The UNHCR has just documented a record 100 million…

Soukeyna Kane |

This blog analyses the consequences of an energy shock on global growth. It puts the current rise in energy prices into historical context, presents model-based estimates of its growth impacts,…

Justin-Damien Guénette, Jeetendra Khadan |

Developing countries are at a critical crossroads. They are facing multiple, overlapping, and compounding crises from the lingering COVID-19 pandemic, growing impacts of climate change, economic…

Ed Mountfield |

In recent months, however, the war in Ukraine has led to a rise in coal use, as a short-term replacement of Russian oil and gas. But in the medium term, both advanced and developing economies will…

Michal Rutkowski, Elizabeth Ruppert Bulmer |

The war has delivered the largest commodity-price shock we’ve experienced since the 1970s. It will likely shave a full percentage point off global growth in 2022.

Indermit Gill, M. Ayhan Kose |

The war in Ukraine has dealt a major shock to commodity markets and disrupted production and trade. In this scenario, price increases come on top of already tight commodity markets due to a solid…

John Baffes, Peter Nagle |

The pandemic recovery has always been uneven. According to analysis based on the International Monetary Fund’s most recent World Economic Outlook, per capita income hit a new high in almost 37% of…

Carmen Reinhart, Leora Klapper |