Reform of the International Debt Architecture is Urgently Needed

2020-10-06T09:12:59-04:00October 1, 2020|

By Kristalina Georgieva, Ceyla Pazarbasioglu, and Rhoda Weeks-Brown

عربي, 中文, Español, Français日本語, Português, Русский 

The COVID-19 pandemic has pushed debt levels to new heights. Compared to end-2019, average 2021 debt ratios are projected to rise by 20 percent of GDP in advanced economies, 10 percent of GDP in emerging market economies, and about 7 percent in low-income-countries. […]

COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond

2020-08-14T10:32:05-04:00August 6, 2020|

By Martin Mühleisen, Tryggvi Gudmundsson, and Hélène Poirson Ward

عربي, 中文, Español, Français, 日本語, Português, Русский 

The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. […]

A Global Crisis Like No Other Needs a Global Response Like No Other

2020-04-27T10:59:36-04:00April 20, 2020|

By Kristalina Georgieva

عربي,  中文, Español, Français日本語,  Português, Русский

I have been saying for a while that this is a “crisis like no other.” It is:

  • More complex, with interlinked shocks to our health and our economies that have brought our way of life to an almost complete stop;

  • More uncertain, as we are learning only gradually how to treat the novel virus, make containment most effective, and restart our economies; and

  • Truly global. Pandemics don’t respect borders, neither do the economic shocks they cause.

[…]

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