The Way Forward: A Conversation with Mohamed El-Erian. Plus: World Bank Regional Economic Updates.

EDITOR’S PICKS

WATCH REPLAY: The Way Forward: A Conversation with Mohamed El-Erian . How can developing countries address rising interest rates, depreciating currencies, and stagnant growth? What can central banks and other financial institutions do to manage these crises? World Bank Group President David Malpass and President of Queens' College, Cambridge University, Mohamed El-Erian had a conversation about global macroeconomic trends and their effects on development. Watch Replay.

IN FOCUS

World Bank Regional Economic Updates. Find out more about the macro-economic trends in each region in our latest economic updates for Africa, East Asia and the Pacific (EAP), Europe and Central Asia (ECA), Latin America and the Caribbean (LAC), the Middle East and North Africa (MENA), and South Asia (SAR). Explore.

BLOG

Unlocking SME finance in fragile and conflict affected situations. Small businesses can play an impactful role in fragile and conflict affected situations (FCS). They can create jobs and directly provide necessity goods and services such as food, water, health, education, and transportation. They can also contribute to the resilience of local populations during periods of conflict.However, small businesses operating in FCS countries endure numerous setbacks to their activity, from frequent electricity cuts to bribery to armed attacks. Surviving and growing in these situations is difficult. Navigating daily challenges without access to affordable credit is almost impossible.

EVENTS

The Way Forward: Building Resilience and Reshaping Development (Apr. 10). Three years since the pandemic started, uncertainties and risks still weigh heavily on the global economy. Stubborn inflation, the cost-of-living crisis, and slower growth effects all of us, but especially hurts the poor and most vulnerable. World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will kick off the Spring Meetings with a discussion on the complex challenges facing the global economy. ?? Add to calendar.

NEWS

Africa’s Growth Remains Low, Region Looks to Tap Resource Wealth for Sustainable Development and Transition to Low-Carbon Economies

Global Economy Trends in Nearshoring and Green Industry Can Help Boost Growth in Latin America and the Caribbean

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DATAVIZ

Sub-Saharan African Countries' Long-term External Debt Owed to Private Creditors, 2010-2021

Over the past decade, SSA countries’ private external debt has always been higher than external debt owed to official creditors. Still, increases in external debt were not reflected in the overall PNG debt level of the region. The region’s long-term PNG debt and public and publicly guaranteed (PPG) debt stock from private creditors, remained almost unchanged throughout the COVID-19 pandemic in 2020 and 2021[1]. SSA countries relied on official creditors, increasing their borrowing by 12% in 2020 and 4% in 2021. More data.