Coming Together

2021-08-11T10:34:32-04:00August 10, 2021|

By Vitor Gaspar and Gita Gopinath

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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. […]

Seizing the Opportunity for a Pro-Growth, Post-Pandemic World

2021-07-21T12:52:13-04:00July 20, 2021|

By Geoffrey Okamoto

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Since March 2020, governments have spent $16 trillion providing fiscal support amid the pandemic, and global central banks have increased their balance sheets by a combined $7.5 trillion. Deficits are the highest they have been since World War II and central banks have provided more liquidity in the past year than in the past 10 years combined. […]

The Benefits of Setting a Lower Limit on Corporate Taxation

2021-11-05T09:01:26-04:00June 9, 2021|

By Aqib Aslam and Maria Coelho

On June 5, 2021, Finance Ministers from the Group of Seven major industrialized nations committed to a global minimum corporate tax rate on multinationals of at least 15 percent. While there are a number of details yet to be hammered out in broader global discussions, this historic agreement heralds an important step forward on the road to international corporate tax reform. […]

Achieving the Sustainable Development Goals Will Require Extraordinary Effort by All

2021-06-03T11:36:51-04:00April 29, 2021|

by Dora Benedek, Edward Gemayel, Abdelhak Senhadji, and Alexander Tieman

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The pandemic’s impact on the world’s poor has been especially harsh. COVID-19 may have pushed about 100 million people into extreme poverty in 2020 alone, while the UN warns that in some regions poverty could rise to levels not seen in 30 years. The current crisis has derailed progress toward basic development goals, as low-income developing countries must now balance urgent spending to protect lives and livelihoods […]

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