-
Global Imbalances and the COVID-19 Crisis
A new IMF External Sector Report shows that overall current account deficits and surpluses in 2019 were just below 3 percent of world GDP, slightly less than a year earlier. The latest forecasts…
-
Are Conspiracy Theories Good for Facebook?
Both Democrats and Republicans directed much of their wrath at Facebook CEO Mark Zuckerberg. Congressional trustbusters blasted him for buying up Instagram and WhatsApp. Acquiring competitors to neutralize them is a classic move…
-
Corruption has Modernized, so Should Anti-Corruption Initiatives
By Jim Anderson / World Bank The World Bank’s commitment to helping countries control corruption dates to 1996 when then President James Wolfensohn made his “cancer of corruption” speech. It was the first…
-
Corruption and COVID-19
Corruption, the abuse of public office for private gain, is about more than wasted money: it erodes the social contract and corrodes the government’s ability to help grow the economy in a way…
-
The COVID-19 Gender Gap
The COVID-19 pandemic threatens to roll back gains in women’s economic opportunities, widening gender gaps that persist despite 30 years of progress.
-
Dominant Currencies and the Limits of Exchange Rate Flexibility
Faced with an unprecedented shock of collapsing global demand and commodity prices, capital outflows, major supply chain disruptions and a generalized drop in global trade, many emerging markets and developing economies’ (EMDEs) currencies…
-
COVID-19 is Reducing Domestic Remittances in Africa: What does it Mean for Poor Households?
The amount remitted by migrants from Sub-Saharan Africa (SSA) has grown tenfold in two decades, from $4.8 billion in 2000 to $48 billion in 2018. This reflects a steady increase in the number…
-
Next Phase of the Crisis: Further Action Needed for a Resilient Recovery
When G20 finance ministers and central bank governors last met in April, the world was in the midst of the Great Lockdown forced by the outbreak of COVID-19. As they meet virtually this…
-
COVID-19 Crushes Global Economy but Emerging Markets are in Bigger Troubles
By 2021, it is of high expectation that the world will return to normalcy, and economies around the world should recover from the adverse effect of coronavirus spread. However, emerging markets may continue…
-
Impact of COVID-19 on the Nigeria Real Estate and Housing Sector
It is no doubt that the commercial real estate is the hardest hit of all in the property sector during this pandemic. The hotels, retail space, convention centres were all shut down, except…
