Ideas to action: independent research for global prosperity
Does SDR Recycling Impair Reserve Management?
November 14, 2023
Improving School Management of Violence in Peru
November 22, 2023
What Do Middle-Income Countries Want from the IMF as They Look to Recover from the Pandemic?
November 01, 2021
After more than a year of grappling with the economic effects of the COVID-19 pandemic, many middle-income countries (MICs) will continue to experience health and economic dislocation for some time to come. While much of the global financial community’s attention has focused on supporting low-income...
A Decision Tree for Digital Payment Services: The Case of Mexico
July 06, 2021
This paper explores the reasons why digital payment services in Mexico are used to a much lower extent than would be expected considering the country’s level of development and the authorities’ efforts to expand these types of services during the past two decades.
Fiscal Policy at a Time of Polarization: Addressing Latin America’s Tough Dilemmas
June 29, 2021
These challenges notwithstanding, Latin America is beginning to benefit from a more benign global economic outlook that is anchored, among other factors, in an expansion in global demand, a resumption of capital flows to emerging markets, and a boom in commodity prices. In this context, the Committe...
How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments
March 31, 2021
China is the world’s largest official creditor, but we lack basic facts about the terms and conditions of its lending. Very few contracts between Chinese lenders and their government borrowers have ever been published or studied. This paper is the first systematic analysis of the legal terms of Chin...
Social Protection During the Pandemic: Argentina, Brazil, Colombia, and Mexico
February 04, 2021
The pandemic, people’s response to fend off contagion, and the measures designed to contain the spread of the virus took an enormous toll on the region’s living standards. Governments faced the challenge of reaching three groups of people: formal sector workers in social security (and their dependen...
Fiscal Devolution and Health Financing Reform: Lessons for India from Brazil, China, and Mexico
December 01, 2016
In 2015, India's system of fiscal devolution underwent a radical transformation. This paper uses the experience of Brazil, China, and Mexico to draw important lessons on how India can use the opportunity of fiscal devolution to create a better system of health financing through better policy coo...
Banking the Unbanked: Evidence from Three Countries - Working Paper 440
November 10, 2016
We experimentally test the impact of expanding access to basic bank accounts in Uganda, Malawi, and Chile. Over two years, 17 percent, 10 percent, and 3 percent of treatment individuals made five or more deposits, respectively. Average monthly deposits for them were at the 79th, 91st, and 96th perce...