Fiscal Policy for an Uncertain World
When It Comes to Public Finances, Credibility Is Key
CHART OF THE WEEKPutting Public Investment to Work
For countries on the path to recovery, reviving economic activity is a major priority. And what better way to support a come-back than by creating jobs. […]
Making The Digital Money Revolution Work for All
By Tobias Adrian and Tommaso Mancini-Griffoli
History moves in uneven steps. Just as the telegraph erased time and distance in the 19th century, today’s innovations in digital money may bring significant changes in the way we lead our lives. The shift to electronic payments and social interactions brought on by the pandemic may cause similarly rapid and widespread transformations. […]
Stepping Up to Meet Low-Income Countries’ Pandemic Recovery Needs
By Christian Mumssen and Seán Nolan
عربي, 中文, Español, 日本語, Português, Русский
Low-income countries have been hard hit by the pandemic. Their large financing needs are only likely to grow as they deal with the crisis and its economic aftermath. […]
Sub-Saharan Africa: We Need to Act Now
By Kristalina Georgieva and Abebe Aemro Selassie
中文, Español, Français, Português
Sub-Saharan Africa is in the grips of a third wave of COVID-19 infections that threatens to be even more brutal than the two that came before. […]
Checking the Receipts from Pandemic-Related Spending
By Chady El Khoury, Jiro Honda, Johan Mathisen, and Etienne Yehoue
عربي, 中文, Español, Français, 日本語, Português, Русский
Governments around the world are playing a crucial role in providing lifelines to people and firms to help combat the pandemic and its economic fallout. […]
The Policymaker’s Trilemma
By Abebe Aemro Selassie and Andrew Tiffin
中文, Español, Français, 日本語, Português, Русский
Imagine you’re a policymaker in sub-Saharan Africa. You’ve been charged with lifting your country out of the worst health crisis in living memory, and nobody around you knows when it will end—the second wave that gripped the region earlier in the year has eased, but many countries are nonetheless bracing for further waves as winter approaches. […]
A Future with High Public Debt: Low-for-Long Is Not Low Forever
By Marcos Chamon and Jonathan D. Ostry
Many countries are experiencing a combination of high public debt and low interest rates. This was already the case in advanced economies even prior to the pandemic but has become even starker in its aftermath. […]