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  • Agencies

    What 1919 Teaches Us About Pent-Up Demand

    Aminu Musa / January 12, 2021

    1918 should have been a great year for baseball. A young left-handed pitcher named Babe Ruth began the year by pitching an opening-day victory for the Boston Red Sox. Shortly after, Ruth lobbied…

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  • Agencies

    How the Rich Get Richer

    Adebisi Samuel / December 1, 2020

    A paper co-authored this year by economists from the IMF and other institutions confirms that wealthier people are more likely to earn higher returns on their investments. It also shows that the children…

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  • Agencies

    Time is Ripe for Innovation in the World of Sovereign Debt Restructuring

    Joshua Olorunsaiye / November 29, 2020

    When corporations have too much debt and need to restructure it, creditors often end up exchanging bonds or loans for stocks. They trade the guaranteed payout of a fixed-income investment for an equity…

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  • Agencies

    Continued Strong Policy Action to Combat Uncertainty

    Joshua Olorunsaiye / November 28, 2020

    As G20 leaders meet virtually this week, the global economy faces a critical juncture. Countries have started to climb back from the depths of the COVID-19 crisis. But the resurgence in infections in…

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  • Agencies

    Bridging the Digital Divide to Scale Up the COVID-19 Recovery

    Joshua Olorunsaiye / November 6, 2020

    Digitalization has in the past few years enabled developing countries, in particular, to leapfrog on financial inclusion. Countries like Kenya, Ghana, Rwanda and Tanzania have made great advances in connecting their citizens to…

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  • Agencies

    How COVID-19 will Increase Inequality in Emerging Markets and Developing Economies

    Aminu Musa / November 2, 2020

    Despite the pre-pandemic gains in poverty reduction and lifespans, many of the EMDEs have struggled to reduce income inequality. At the same time, they saw persistently high shares of inactive youth (i.e., not…

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    Agencies

    Fiscal Policy for an Unprecedented Crisis

    Joshua Olorunsaiye / October 25, 2020

    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. These lifelines have saved lives and livelihoods. But…

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  • Africa & World Economy

    A Long, Uneven and Uncertain Ascent

    Adebisi Samuel / October 24, 2020

    This crisis is far from over. Employment remains well below pre-pandemic levels and the labor market has become more polarized with low-income workers, youth, and women being harder hit. The poor are getting…

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  • Agencies

    Mission Impossible? Can Fragile States Increase Tax Revenues?

    Joshua Olorunsaiye / September 27, 2020

    The COVID-19 shocks are proving to be especially challenging for fragile states. Pre-COVID, fiscal revenues were low in such countries and governments were struggling to raise them. Now, COVID-19 is hitting them hard…

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  • Africa & World Economy

    China and the Burgeoning African Debt Crisis

    Aminu Musa / September 24, 2020

    Contrary to the swirling rumors on African social media and in the local press about the supposed imminent danger of Chinese asset seizures in Zambia, it’s not the Chinese that are the problem…

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