Giving Everyone a Fair Shot

By David Amaglobeli, Vitor Gaspar, and Paolo Mauro The COVID-19 pandemic is intensifying the vicious circle of inequality. To break this pattern and give everyone a fair shot at prosperity, governments need to improve access to basic public services—such as health care (including vaccination) and education—and strengthen redistributive policies. For most countries, this would require […]

Read More

Government Support Is Vital as Countries Race to Vaccinate

By Vitor Gaspar, Raphael Lam, Paolo Mauro, and Mehdi Raissi The COVID-19 pandemic is accelerating in many countries and uncertainty is unusually high. Decisive government actions are necessary to ensure swift and extensive vaccine rollouts, protect the most vulnerable households and otherwise viable firms, and foster a durable and inclusive recovery. Most countries will need […]

Read More

Fiscal Policy for an Unprecedented Crisis

By Vitor Gaspar, Paulo Medas, John Ralyea, and Elif Ture 中文, 日本語 The COVID-19 crisis has devastated people’s lives, jobs, and businesses. Governments have taken forceful measures to cushion the blow, totaling a staggering $12 trillion globally. These lifelines have saved lives and livelihoods. But they are costly and, together with sharp falls in tax […]

Read More

Public Investment for the Recovery

By Vitor Gaspar, Paolo Mauro, Catherine Pattillo, and Raphael Espinoza Governments around the world are taking extraordinary measures to respond to the COVID-19 crisis. While maintaining the focus on addressing the health emergency and providing lifelines for households and businesses, governments need to prepare economies for the transition to the post-COVID-19 world—including by helping people […]

Read More

How Strong Infrastructure Governance Can End Waste in Public Investment

By Gerd Schwartz, Manal Fouad, Torben Hansen, and Geneviève Verdier COVID-19 has had a profound impact on people, firms, and economies all over the world. While countries have ramped up public lifelines to individuals and firms they will face enormous challenges to recover from the pandemic, amidst low economic activity and unprecedented levels of debt. […]

Read More