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WORKING PAPERS
February 23, 2024
As the politics of polarization gain traction and electoral support, a new vintage of populism is emerging in Latin America. This new version shares some aspects with the type of cultural populism now common in advanced economies that divides societies into antagonistic camps. But there are also imp...
Blog Post
December 18, 2023
The Lancet Investing in Health Commission, led by Larry Summers and Dean Jamison in 2013, envisioned a grand convergence in key health indicators by 2035 between low-income and low-middle-income countries and the best-performing middle-income countries. Given significant global changes since the rep...
Blog Post
November 29, 2023
At the start of the COVID pandemic, we examined how major deteriorations in low-income country (LIC) debt levels could influence the grant funding requirements for IDA, the World Bank’s low-income-country lending arm. IDA provides a mix of concessional credits (which need to be repaid) and grants (w...
Blog Post
November 29, 2023
Sovereign debt issues for emerging markets and developing economies (EMDEs) were a predictable subject of many conversations at the World Bank and IMF Annual Meetings in Marrakech. Here are our main takeaways on the state of play and how to make progress to address urgent needs amidst slow-moving pr...
Blog Post
November 15, 2023
Low-income and many emerging market economies face a challenging outlook for maintaining, let alone increasing, health and other social expenditures (as noted in these recent blogs here and here). This predicament is primarily attributed to these nations channeling a growing proportion of their reve...
Blog Post
November 13, 2023
The creation of a “forest carbon economy,” where countries reap the economic benefit of the emission reduction contributions of their forests, is increasingly seen as an important source of income for countries in Africa, Latin America, and Asia-Pacific. Brazil’s President Lula is promoting the cre...
Blog Post
October 11, 2023
Budget support offers direct financing to a country’s treasury to create more “fiscal space” for public programs. It has constituted some 14 percent of ODA on average, increasing to over 20 percent in times of crisis. No aid modality is more controversial. Critics argue that, without earmarking fund...
Blog Post
August 22, 2023
In an earlier paper (and blog) published in March, we assessed the initial five programs supported by the IMF’s the Resilience and Sustainability Trust (RST), a new financing vehicle designed to help countries address climate change and pandemic preparedness. Among our findings, four stood out. Firs...