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Blog Post
October 05, 2023
A year ago, the International Monetary Fund (IMF) announced that an alarming 60 percent of developing countries and 25 percent of emerging market economies were either in debt distress or at severe risk of default. The confluence of severe shocks in the period 2020-22, starting with the COVID-19 pan...
WORKING PAPERS
October 05, 2023
This paper uses a straightforward Resilience Indicator, constructed from a small set of economic and institutional variables, to show that by 2019, prior to the COVID-19 pandemic and subsequent global shocks, it was possible to identify emerging markets and developing countries that would encounter ...
Blog Post
July 11, 2023
Even prior to the pandemic, the educational achievements of Bangladeshi children were below desired levels. The prolonged disengagement from learning during the pandemic raised concerns about learning gaps or even learning loss. But there are limited data on children’s learning status (foundational ...
Blog Post
June 14, 2023
When Senegal closed schools for nearly seven months because of COVID, it disrupted education for over 3.5 million learners. In our multi-phase study, we fill the gaps in understanding the impacts of these closures on students and the education sector broadly. In the first part of the study, we descr...
CGD NOTES
March 16, 2023
The the wake of the Silicon Valley Bank collapse, bank regulators and supervisors in emerging markets should be looking closely at their own banking systems with lessons from Silicon Valley in mind. For most emerging markets, where previous banking crises were devastating and turned back the clock o...
Blog Post
March 03, 2023
The COVID-19 pandemic led to a deep global recession as the virus rapidly spread and governments restricted movements. The economic shock was compounded by widespread uncertainty among businesses and concerns about the risks of increasing financial sector distress limiting access to credit.
WORKING PAPERS
March 03, 2023
This paper examines the impact of the COVID-19 crisis on the reallocation of economic activity across firms, and whether this reallocation depends on the competition environment. The paper uses the World Bank’s Enterprise Surveys COVID-19 Follow-up Surveys for about 8,000 firms, including both small...
Blog Post
February 28, 2023
Sri Lanka's default on its debt in 2022 caused alarm among investors and development economists alike, and raised questions about the factors underlying the country's economic downfall. In this blog, we examine the reasons for Sri Lanka's default and the challenges that lie ahead.
Blog Post
February 17, 2023
The state of learning in Malawi post-COVID-19 has been deemed a crisis, with primary school-aged learners unable to read basic text or perform foundational numeracy skills. In the first phase of our study, we found that students struggled to access remote learning during pandemic-related school clos...