Introduction Chairman Addison, thank you for your remarks. And thank you, Governors, Kristalina, and distinguished guests for joining us today. I wanted to provide an update on what the World Bank Group (WBG) has accomplished since last year’s Annual Meetings, particularly our response to COVID-19 and progress made on debt transparency. The COVID-19 pandemic’s toll has be
Read More
Last weekend’s agreement notwithstanding, international cooperation over oil output stands to be short-lived as the short- and medium-term battles for market share intensify. Over the course of the Easter weekend US President Donald Trump succeeded in brokering a deal between Russia and Saudi Arabia which seemingly brought to an end the impasse in the Opec+ group over oil ou
Read More
The battle against the coronavirus is above all a public health crisis. Needless to say, the response to the crisis is having enormous economic repercussions. Some countries have imposed sweeping shutdown and isolation measures to contain the spread. As a result, businesses are closing and unemployment is soaring. Countries that are net exporters of oil and gas will perhaps
Read More
1 Introduction The effectiveness of foreign aid remains controversial. A large literature studies how aid is spent (Werker et al., 2009); how it is absorbed in the domestic economy (Temple and van de Sijpe, 2017); and how much it ultimately stimulates growth (Dalgaard et al., 2004), improves human development outcomes (Boone, 1996), and reduces poverty (Collier and Dollar, 2
Read More
PREFACE The World Investment Report supports policymakers by monitoring global and regional foreign direct investment trends and documenting national and international investment policy developments. The policy chapter of this year’s report takes stock of efforts being made towards the reform of international investment agreements and surveys new measures. Inc
Read More