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IFC: Addressing Climate Change Can Unlock $23 Trillion-Dollar Investment Opportunities in Emerging Markets

By Christian Grossmann and Thomas Kerr The historic Paris climate change agreement entered into force in record speed last November, committing countries to a decarbonized future.  This means that new markets for climate-smart investments are set to grow, as governments

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Otaviano Canuto, World Bank: What’s Ailing the Brazilian Economy?

Brazil’s GDP is poised to decline by close to 7% in 2015-2016. Per capita GDP in 2016 is likely to shrink by more than 10% as compared to three years ago. We argue here that a double malaise has been

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Venezuela: As the Economy Sinks, Bond Markets Take Heart

The country may be unable to buy food or medicine; Venezuela continues to meet with clockwork precision all its obligations to bondholders. Struggling with triple-digit inflation and deploying the army to supress food riots, the monumentally inept government of President

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UNCTAD: A Policy Compact to Get Investment Flowing Again

James Zhan suggests world leaders make a joint effort to formulate effective investment policies to help build investment firepower to face 21st Century development challenges. Forecasts of deeper global economic gloom are tumbling one over the other. The global economy

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Otaviano Canuto, IMF: China’s Spill-Overs on Latin America and the Caribbean

The Chinese economy is rebalancing while softening its growth pace. China’s spillovers on the global economy have operated through trade, commodity prices, and financial channels. The global reach of the effects from China’s transition have recently been illustrated in risk

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Venezuela: Economic Decline Too Steep to Tabulate

Venezuelan social media is a curious thing. There are few pictures of parents proudly showing off their kids, or of people buzzing with their hazy pictures of a boozy Friday night out littered with endless LMAOs and LOLs. Instead, the

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Otaviano Canuto, IMF: What Happened to World Trade?

World trade suffered another disappointing year in 2015, experiencing a contraction in merchandise trade volumes during the first half and only a low recovery during the second half (Figure 1). While last year’s trade performance can be associated to the

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Ann Low, US Department of State: Good Corporate Governance is Good Business

OECD Guidelines on Corporate Governance of State-Owned Enterprises. Over the past decade, cross-border trade and investment by state-owned enterprises (SOEs) has surged. According to the OECD, whereas in 2005, there were only three SOEs in the Fortune Global 50 list

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Otaviano Canuto, IMF: Whither Emerging Markets Foreign Exchange Reserves

After a exponential rise in foreign exchange reserves accumulation by emerging markets from 2000 onwards, the tide seems to have turned south since mid-2014. Changes in capital flows and commodity prices have been major factors behind the inflection, with the

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From the editor: The Art of the Doomsayer – Crisis? What Crisis?

Just as a broken watch still tells the right time twice a day, the persistent doomsayer will eventually be vindicated. In the financial world, entire reputations are built on predicting recessions, if not depressions: keep it up long enough and

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