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Blog: A COVID-19 Recovery Contribution

April 16, 2021
By Vitor Gaspar, Michael Keen, Alexander Klemm, and Paolo Mauro The economic costs of the pandemic have fallen most heavily on those least able to bear them. Governments have taken steps to support people and firms through wage subsidies, unemployment benefits, and other fiscal measures. But more investment in health care, education, and other basic [...]

The Ascent of Digital Money

April 16, 2021
Can digital money reshape the architecture of the global financial system? Chief Economist Gita Gopinath will join the Bloomberg New Economy Forum panel discussion on the economic implications of digital money.

Georgia : Eighth Review Under the Extended Fund Facility Arrangement-Press Release; and Staff Report

April 16, 2021
Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The lockdowns drove a contraction of around 6.2 percent of GDP in 2020, and a recovery is expected to take hold in the second quarter of 2021.

Blog: Short-term Shot and Long-term Healing for Latin America and the Caribbean

April 15, 2021
By Alejandro Werner, Takuji Komatsuzaki, and Carlo Pizzinelli Growth in Latin America and the Caribbean recovered briskly in the second half of 2020, yet still more slowly than the global economy and other emerging markets. That’s despite unprecedented policy support, strong performance of trading partners, soaring commodity prices and accommodative global financial conditions. The persistence [...]

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