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World Bank Group: A Promising New Resource for Development – The Potential of Sovereign Wealth Funds

Mobilizing finance for long-term, large-scale direct investment in development is a daunting global challenge. However, a growing and potentially vast source of capital seems poised to transform the process of financing development, reducing poverty and building shared prosperity in some

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The World Bank: Local Currency Bonds Catch On as Countries Aim to Catch Up

Two years ago, the World Bank Group’s International Finance Corporation tried something that had never been done in the Dominican Republic. In a bid to increase access to finance to entrepreneurs and home-buyers, the Bank Group’s private sector arm became

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MIGA (World Bank) – A New Boon for Emerging-Market Financing: Achieving Investment-Grade Bonds with MIGA’s Credit Enhancement

Many investors, lenders, and government officials are familiar with the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group. For 25 years, the agency has insured investments in developing countries against political risk. This insurance facilitates productive foreign direct

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Otaviano Canuto, World Bank Group: Macroeconomics and Stagnation – Keynesian-Schumpeterian Wars

Policy makers in the advanced economies at the core of the global financial crisis can make the claim that they prevented a new “Great Depression”. However, recovery since the outbreak of the crisis more than five years ago has been

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World Bank: Helping Electrification Efforts in DRC

Sub-Saharan Africa is blessed with large hydropower resources that can bring electricity to homes, power businesses and industry, light clinics and schools, and spur economic activity, creating jobs and improving human well-being. Yet, only 10% of this hydropower potential has

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World Bank Support to Promote Transparency, Accountability and Job Creation in Jordan

A US$250 million loan, approved last week, will ease Jordan’s fiscal strains, which have been deepened by the influx of Syrian refugees and by regional turmoil that has disrupted its hydrocarbon supplies from Egypt. The World Bank’s support to Jordan

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The World Bank: Accelerating Africa’s Aspirations

As Sub-Saharan Africa develops rapidly, it is estimated that the continent will need millions of engineers just to reach a single Millennium Development Goal, that of access to safe water and improved sanitation. However, there is a serious shortage of

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World Bank Group: Financial Inclusion – Banking on Low-Income Households

Financial exclusion restricts economic opportunity and constrains poverty reduction. Yet today there are an estimated 2.5 billion adult people worldwide who go about their lives without any formal financial services such as bank accounts. According to the World Bank’s Global

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World Bank Group: Spurring Job Growth in the Western Balkans – Research and Innovation

By Paulo Correa and Christopher Colford Promoting economic growth and job creation requires innovative industries that can make imaginative use of business opportunities springing from new technologies and research and development (R&D) activities. But not every economy can develop a Silicon Valley

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Otaviano Canuto, World Bank Group: Walking on the Wild Side – Monetary Policy and Prudential Regulation

Global financial integration and the linkages between the financial and the real sides of economies are sources of huge policy challenges. This is now beyond doubt, after what we saw in the run-up to and the unfolding of the 2008

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