Emerging Economies Must Prepare for Fed Policy Tightening
Policymakers may need to react by pulling multiple policy levers, depending on Fed actions and their own challenges at home.
Fiscal Policy for an Uncertain World
As public debt rises to record levels, countries need to calibrate fiscal policies to their own unique circumstances.
When It Comes to Public Finances, Credibility Is Key
Raphael Espinoza, Vitor Gaspar, and Paolo Mauro
Ending the health crisis and addressing its immediate fallout remains the top priority, but governments would also benefit from committing to fiscal responsibility.
Coming Together
By Vitor Gaspar and Gita Gopinath
عربي, Español, Français, Português, Русский
Differences in vaccine access and the ability to deploy policy support are creating a growing divergence between advanced economies from many emerging market and developing economies. Faced with high deficits and historic levels of debt, countries with limited access to financing are walking a fiscal tightrope between providing adequate support and preserving financial stability. […]
Tailoring Government Support
By Vitor Gaspar, W. Raphael Lam, Paolo Mauro, and Mehdi Raissi
عربي, 中文, Español, Français, 日本語, Português, Русский
The race to vaccinate against COVID-19 continues, but the pace of inoculation varies widely across countries, with access unavailable to many. […]
Giving Everyone a Fair Shot
By David Amaglobeli, Vitor Gaspar, and Paolo Mauro
عربي, 中文, Español, Français, 日本語, Português, Русский
The COVID-19 pandemic is intensifying the vicious circle of inequality. To break this pattern and give everyone a fair shot at prosperity, governments need to improve access to basic public services—such as health care (including vaccination) and education—and strengthen redistributive policies. […]
Government Support Is Vital as Countries Race to Vaccinate
By Vitor Gaspar, Raphael Lam, Paolo Mauro, and Mehdi Raissi
عربي, Español, Français, 日本語, Português, Русский
The COVID-19 pandemic is accelerating in many countries and uncertainty is unusually high. […]
Fiscal Policy for an Unprecedented Crisis
By Vitor Gaspar, Paulo Medas, John Ralyea, and Elif Ture
عربي, 中文, Español, Français, 日本語, Português, Русский
The COVID-19 crisis has devastated people’s lives, jobs, and businesses. Governments have taken forceful measures to cushion the blow, totaling a staggering $12 trillion globally. […]
Public Investment for the Recovery
By Vitor Gaspar, Paolo Mauro, Catherine Pattillo, and Raphael Espinoza
عربي, 中文, Español, Français, 日本語, Português, Русский
Governments around the world are taking extraordinary measures to respond to the COVID-19 crisis. While maintaining the focus on addressing the health emergency and providing lifelines for households and businesses, governments need to prepare economies for the transition to the post-COVID-19 world—including by helping people get back to work. […]
How Strong Infrastructure Governance Can End Waste in Public Investment
By Gerd Schwartz, Manal Fouad, Torben Hansen, and Geneviève Verdier
عربي, 中文, Español, Français, 日本語, Português, Русский
COVID-19 has had a profound impact on people, firms, and economies all over the world. While countries have ramped up public lifelines to individuals and firms they will face enormous challenges to recover from the pandemic, amidst low economic activity and unprecedented levels of debt. […]