Ideas to action: independent research for global prosperity
Women's Underrepresentation in IFI Leadership
November 27, 2023
EU-Africa Strategy: State of Play
November 24, 2023
The Future of Official Aid Flows
November 02, 2023
There is a non-trivial chance that ODA for non-humanitarian and climate finance will fall in absolute terms over the coming years and that aid will become increasingly focused on richer countries. The most promising strategy for bilateral ODA flows may be to increase the generosity of traditional do...
Climate Change and Government Borrowing Costs: A Triple Whammy for Emerging Market Economies
October 24, 2023
Climate change is a systemic risk to the global economy. While there is a large body of literature documenting the potential economic consequences of climate change, there is relatively little research on the link between vulnerabilities to climate change, the buildup of climate debt by countries wi...
Country Transition Projections up to 2040: Gavi, the Global Fund, and the World Bank’s IDA
October 11, 2023
Many countries are facing a much harsher budgetary prospect than a few years ago. For low- and middle-income countries in particular, domestic health expenditure is expected to plateau or contract (in real terms) for many until 2027, development assistance for health has already plateaued, and a deb...
Public Spending and Inclusive Growth in Developing Asia
August 30, 2023
Higher levels of fiscal redistribution, through income taxes and direct transfers, increase the probability of achieving inclusive growth. To spur inclusive growth in the aftermath of the COVID pandemic, countries with limited fiscal space will need to focus on improving efficiency and reallocate ex...
Policies at the End of the Global Value Chain Rainbow: What Has the World Bank Discovered?
June 29, 2023
The concept of global value chains (GVCs) has become a workhorse of trade analytics. But conceptual attractions aside, the use of GVCs for analytic purposes has not enlarged the policy toolkit, expanded the spectrum of usable policies, or enhanced their efficacy.
Corporate Quantitative Easing in Europe during the COVID-19 Crisis and Debt Overhang
April 26, 2023
This paper finds that shareholders of highly leveraged firms benefit relatively less compared to bondholders from the corporate quantitative easing (QE) announcements by the European Central Bank and the Bank of England in March 2020, as evidence of debt overhang. Firms more heavily impacted by the ...
Ministerial Turnover and Performance of World Bank Education Projects
April 25, 2023
This paper examines the link between ministerial continuity in borrower governments and the performance of World Bank education projects implemented between 2000 and 2017 in 114 countries. I use a combination of quantitative and qualitative methods to trace the link between number of ministers durin...