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 |

According to a new World Bank report, world trade will drop by one percent, lowering global GDP by just under one percent. This blog dives into how the war in Ukraine is reshaping world trade and…

Michele Ruta |

It took 34 years from 1988 for the Policy Research Working series to publish its first 10,000 working papers. This blog represents a milestone along the path of over 50 years of economic policy…

Aart Kraay |

The war in Ukraine could not have come at a worse time, eroding global economic prospects as much of the world struggles to emerge from the COVID-19 pandemic. Among the immediate impacts of the…

Mari Elka Pangestu |

In 2016, the discovery of previously undisclosed debts upended Mozambique’s development trajectory. Mozambique was one of the world’s 10 fastest-growing economies for two decades.

Fiseha Haile Gebregziabher, Albert Pijuan Sala |

In this blog you can find out more about: our featured guests; our events on digital development, climate action, trade and subsidies, fragility, and Human Capital; learn how you can participate…

John Mackedon |