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Blog Post
September 14, 2022
In March, the World Bank estimated that a dozen developing countries could default on their debt over the next 12 months. The warning signs are everywhere. Investors have pulled $50 billion from emerging-market bond funds this year, and the debt of nearly one-third of these countries is trading at d...
Blog Post
September 28, 2020
When a society goes from broadly shared growth to a state of malaise or decline, the ensuing pain is not just economic but psychological. Now that tens of millions of people in developing countries are suffering precisely such a reversal of fortune, the political fallout is sure to be tumultuous.
Multimedia
August 21, 2020
While COVID-19 has sparked a global crisis, the developing countries hit hardest are in Latin America. If conditions worsen, Latin America could face a severe financial crisis. To stop this from happening, policymakers, donors, researchers, and multilateral organizations must cooperate to find and e...
Blog Post
June 22, 2020
A simple way to guarantee an adequate flow of long-run, sustained funding for health surveillance and disease control, and to prepare for the next novel virus in the world’s poor countries, is to create an endowment dedicated to that purpose. A $10 billion endowment could generate income of $500 mil...
Blog Post
June 08, 2020
There are two ways to look at progress in the developing world context. I think the right way to look at it is that there has been tremendous success. The downside is that, as we see with the threat of COVID as well as the risk of more natural disasters because of climate change, that they and the e...