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 |

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 |

The Russian invasion of Ukraine has triggered significant disruptions to the supply of commodities such as energy and food. This blog argues that market adjustments alongside certain government…

John Baffes, Peter Nagle |

When the COVID-19 lockdown measures began, international organizations predicted a massive decline in remittances to developing countries. However, when the first 2020 figures became public…

Lelys Dinarte-Diaz, David Jaume, Eduardo Medina-Cortina |

Creating new jobs is one of the biggest challenges facing low- and middle-income countries. This blog assesses the short-term impacts of two innovative interventions to enhance private sector…

Michael Grimm, Michael Weber, Sidiki Soubeiga |

This World Bank report suggests that, in many countries, policy-makers ability to stabilize their public debt ratios through fiscal tightening may be restrained by budget rigidities that predated…

Marcello Estevão, Santiago Herrera Aguilera, Eduardo Olaberria |

Lessons learned from other countries show that successful fuel subsidy reform requires 3 Cs: credible commitment, consensus, and coordination – and underpinned by a 4th C – communications.

Apurva Sanghi, Jevgenijs Steinbuks |

One objective of fiscal policy is to stabilize a country’s macroeconomic environment. Countercyclical fiscal measures intend to offset the effects of the economic cycle on a country’s economy. For…

Jose Luis Diaz Sanchez, Joana Monteiro da Mota |

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 |