In more than 80 percent of these countries, government debt is now higher than before the 2008-09 global financial crisis. Many of these economies need to urgently improve fiscal positions within…

M. Ayhan Kose, Franziska Ohnsorge, Naotaka Sugawara |

As we keep hearing the term “inflation” in the news every day, it’s worth revisiting what that really means for MENA countries. Here are four policies that tackle high inflation and low growth…

Nadir Mohammed, Kevin Carey, Johannes Hoogeveen, Gladys Lopez-Acevedo |

The World Bank's Global Tax Program explores the gender dimensions of tax systems, aiming to help developing countries formulate tax policies with a gender lens. Results from three countries…

Caren Grown, Ceren Ozer, Chiara Bronchi |

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 |

What are we learning from the unprecedented social protection responses to Covid-19? This blog combines analysis of large datasets with a review of about 300 papers, evaluations, and practical…

Ugo Gentilini |

Every debt crisis begins with unheeded warnings and ends with severe limits on investment in education, health, and infrastructure among other things. These crises often spark civil unrest and…

Marcello Estevão, Sebastian Essl |

Rising debt and record-high commodity prices are tempting many developing countries to pledge their natural resources to secure the financing they so urgently need. They should tread carefully: a…

Marcello Estevão, Diego Rivetti, David Mihalyi |

With the pandemic-induced economic slowdown, the impact of the war in Ukraine, and the rise of interest rates, many countries are facing severe challenges in servicing their debt.

Carmen Reinhart, Takahiro Tsuda, Nada Hamadeh, Diego Rivetti |

Beyond its potential to delay restructuring talks or even send an economy into tailspin, hidden debt also prevents borrowers and lenders from making informed and responsible financing decisions.…

Marcello Estevão |

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 |