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World Bank Vice President for Europe and Central Asia: Interview with Anna Bjerde
Congratulations with your Mayday promotion as World Bank Vice President for Europe and Central Asia. Are you excited to lead the World Bank’s strategic, analytical, operational and knowledge work in the region? Thank you! I am delighted to be returning
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World Bank Readies $160 Billion Emergency Aid Package
World Bank President David Malpass has joined IMF Managing Director Kristalina Georgieva in urging bilateral creditors to extend debt relief to poor countries struggling to cope with the corona virus. “Many countries will need debt relief. This is the only
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Business in Times of Corona: World Bank and IMF Ready to Assist Low- and Middle-Income Countries
As concerns grow over the impact of the pandemic on less resilient economies, multilaterals such as the World Bank Group (WBG) and the International Monetary Fund (IMF) are readying and deploying emergency response packages. Earlier this week, Kenya received a
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World Bank on Social Protection in Africa: Can Safety Nets Close the Poverty Gap in Burkina Faso and Ensure Family Welfare?
With focused and courageous policy decisions, Burkina Faso’s government can cover the country’s poor with an effective and efficient safety net. This end is achievable simply by realigning and better targeting existing expenditures. The reallocation of energy subsidies that mainly
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World Bank on Social Protection in Africa: Burkina Faso Mobile Childcare Scheme Could Transform Public Works
Children put to sleep on the ground, exposed to sun, wind and rain near dangerous construction sites – while their mothers work. Women without childcare facilities are falling ever deeper into poverty. Their children are missing school and sometimes watching
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Otaviano Canuto, World Bank: Making Returns on Knowledge – How Innovation Can Flow from Globalisation
The April issue of the International Monetary Fund’s World Economic Outlook (WEO) included a chapter on how globalisation has helped technology leaders’ knowledge spread faster. Cross-border technological diffusion has not only contributed to rising domestic productivity levels in advanced and
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World Bank Group Unveils New Initiatives in Investment Policy and Promotion
For many developing countries, foreign direct investment (FDI) has become the largest source of external finance, surpassing official development assistance, remittances, or portfolio investment flows. In 2016, more than 40% of the nearly $1.75 trillion of global FDI flows was
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Otaviano Canuto, World Bank: Can Services Replace Manufacturing as an Engine for Development?
Manufacturing expansion has been a vehicle for job creation, productivity increases, and growth in non-advanced economies since the second half of the last century. First in Latin America, followed by Asia, and a renewal of production systems in Eastern Europe,
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Otaviano Canuto, IMF: Trade Opening Could Be a Source of Growth for Brazil
International trade has undergone a radical transformation in the past decades as production processes have fragmented along cross-border value chains. The Brazilian economy has remained on the fringes of this production revolution, maintaining a very high density of local supply
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MIGA (World Bank): FDI – Treading Carefully into Fragile and Conflict-Affected Situations
More than 1.5 billion people – about one in five of the global population – live in what the World Bank Group terms “fragile and conflict-affected situations” (FCS). For many investors, these countries are “no-go” zones due to their weak
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