Using new data from the European Banking Authority on loan recovery outcomes, we examine how variation in loan recovery efficiency affects the transmission of financial sector and overall economic weakness to firm-level financial and real outcomes. We find that firms linked to under-capitalized bank...

In our final working group report, we outline the principles of a Grand Bargain that we believe all stakeholders can and should sign up to during the UN General Assembly's High-Level Meeting on antimicrobial resistance in 2024. Explore our recommendations on increasing the availability of critically...

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...

The war in Ukraine was associated with large changes in the prices of key food and fuel commodities in 2022 which produced macroeconomic gains for exporters and losses as import costs increased. Across 49 countries benefitting, these gains averaged about 8 percent of GDP and reach up to 36 percent o...

Can at-scale, government-implemented parent training programs improve parenting practices and child development outcomes? This paper presents evidence on the effects of a low-cost, group-based early childhood education program that provided parent training and direct child stimulation in rural commu...

Around half of children in low-income countries have elevated blood lead levels. What role does lead play in explaining low educational outcomes in these settings?

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.