Economic policies over past years and decades have had negative impacts on living standards, the private sector and the environment, driving a deep crisis that is hitting ordinary Pakistanis…
The world’s 28 poorest countries are facing growing social, economic, and political distress, owing to rising debt burdens, diminishing development prospects, and chronic underinvestment. The…
Wealthiest economies have proved to be remarkably resilient in the face of the steepest rise in interest rates in decades. In the U.S., inflation has been whittled down, so far without much harm…
Much has been written about the looming debt crisis in low- and middle-income countries. A series of global shocks and a worsening climate crisis have created an unprecedented challenge for many…
Amidst the diverse landscape of debt policy and management in Sub-Saharan Africa (SSA), Benin has emerged as a country demonstrating strong progress in its approach to financial governance.
In many developing countries COVID-19 pandemic recovery policies were partly financed by external debt, raising concerns about debt sustainability. This study investigates how fiscal consolidation…
During the pandemic, multilateral organizations like the World Bank contributed an extraordinary level of support to LMICs. Those commitments expanded the ability of these countries to respond to…
The World Bank’s 2023 Atlas of Sustainable Development Goals, published today, offers powerful data insights on the progress and setbacks in our efforts to achieve the Sustainable Development…
World Bank guarantees play a vital role in addressing global challenges, attracting private sector expertise, and mobilizing capital for development projects. Explore the impact of guarantees in…
The Global Economic Outlook June 2023 summarized in five charts