In the coming months, President Donald Trump could withdraw the United States from the International Monetary Fund and the World Bank or slash their funding. But such a move would disproportionately hurt the US itself, undermining its ability to shape the rules of the global financial system and pursue its strategic interests. Read More Here
After several years of multiple, continuous shocks, the global economy is finally showing signs of stabilizing. Despite the grimmest predictions, the world managed to avoid a global recession this year. However, while advanced economies have largely recovered, developing countries have yet to catch up. Low-income countries risk being left even further behind. Read More Here
Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely to limit the price effects even of a wider conflict in the Middle East, according to the World Bank’s latest Commodity Markets Outlook. Even so, overall commodity prices will remain 30% higher […]
African countries’ large and growing debt burdens have become a major obstacle to poverty reduction. Western countries must stop exacerbating the continent’s problems and offer debt relief by substituting grants for loans and forcing private lenders to settle sovereign-debt disputes in borrower-country courts. Read More Here
More than 100 countries—including China, India, Brazil, and South Africa—face serious obstacles that could hinder their efforts to become high-income countries in the next few decades, according to a new World Bank study that provides the first comprehensive roadmap to enable developing countries to escape the “middle-income trap.” Read More Here
Global carbon pricing revenue in 2021 increased by almost 60 percent from 2020 levels, to around $84 billion, providing an important source of funds to help support a sustainable economic recovery, finance broader fiscal reforms, or invest in communities as part of the low-carbon transition future, according to the World Bank’s annual “State and Trends […]
The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year. That would represent the deepest recession since the Second World War, with the largest fraction of economies […]
The World Bank has warned that a massive debt wave is building worldwide. There is no telling who will be hit the hardest, but if vulnerable countries, from the United Kingdom to India, do not act soon, they may face severe economic damage. Read Here – Project Syndicate
The ease of doing business indicator, known as EDB, is a system that ranks the regulatory environment in countries around the world. New research looks at how the World Bank’s ease of doing business index has amassed considerable influence over business regulations worldwide. The financial institution has succeeded in doing so even though it doesn’t […]
The institutions that oversee the global economy – the IMF, the World Band, and the World Trading Organization – have all derived their authority from the support of the world’s economic hegemon, the United States. With the US under Donald Trump rapidly dumping its leadership role, how will the resulting vacuum be filled? Read Here […]
looking beyond borders 