By Udaibir Das
While the digitalisation of finance advances and the potential introduction of central bank digital currency might aid finance in Africa, it is not enough.
By Julianne Smith and Lindsey Ford
American allies are rapidly transforming their relationships whether Washington likes it or not; these networks can either serve or undermine U.S. interests depending on how Washington engages with them. If the United States fails to reset ties with Asian and European partners, it risks being left on the sidelines of a rapidly changing world order.
By Udaibir Das
What began as a spread on a bond has become a spread across the sovereign balance sheet. The 2025 annual meetings have made clear that incremental adjustments will not suffice. Until new institutions and norms emerge, sovereigns will continue to pay in basis points and in ownership and discover that what the premium buys is not sovereignty, but postponement.
Background Paper No. 35
By Udaibir Das and Hansika Nath
By Udaibir Das
While the digitalisation of finance advances and the potential introduction of central bank digital currency might aid finance in Africa, it is not enough.
By Anit Mukherjee, Ubah Thomas Ubah, Brian Webster, Wendy Cunningham, and Georgina Marin
Using data from three countries, this paper finds that digital government-to-person (G2P) payments were effective in reaching urban informal sector beneficiaries quickly and safely during the COVID-19 crisis.
By Udaibir Das
The past 50 years have seen shifts in the global financial system’s behaviour. Major market crises, such as the 1997 Asian crisis and the 2008 financial crisis, have resulted in more robust financial policies focused on licensed entities.
By Anit Mukherjee, Yuko Okamura, Ugo Gentilini, Defne Gencer, Mohamed Almenfi, Adea Kryeziu, Miriam Montenegro, and Nithin Umapathi
Over the past several decades, as part of the evolving understanding of energy subsidy reforms, there has been growing recognition of the potential of targeted cash transfers to support the poor and vulnerable to help governments achieve desired policy outcomes at lower fiscal cost and in a sustainable manner.
By Anit Mukherjee & José Barrera
The Raisina Dialogue held in New Delhi in March 2023 provided a forum where officials, academics, and leaders from around the world, including Latin America, met to discuss global governance issues.
By Anit Mukherjee, Laura Bermeo, Yuko Okamura, Jimmy Vulembera, and Paul Bance
This study looks in depth at Democratic Republic of the Congo’s (DRC) approach to delivering emergency cash transfers: the Solidarity through Economic Transfers Against the Poverty in Kinshasa (STEP-KIN) program.
By Udaibir Das
While the world is preoccupied with the stability of the western banking system, China has been busy overhauling its financial regulatory architecture.
By Anit Mukherjee, Alan Gelb, and Brian Webster
This study considers the experience of the mothers with the shift to mobile money, and to the change in payments service provider that took place in 2019, through a survey of recipients and a control group.
By Anit Mukherjee
Data is a challenge, but with imaginative incentives, metrics, and solutions such as an AgriStack, we can look forward to a new agricultural revolution over the coming decade.
By Anit Mukherjee, Alan Gelb, and Brian Webster
This study surveys the payment system from the perspective of recipients, including their views on convenience and the benefits from competition.
By Terri B. Chapman, Jhanvi Tripathi & Rakesh Kumar Sinha
This report examines how India can better integrate into GVCs while building resilience.
By Terri B. Chapman & Mannat Jaspal
Who does the climate finance architecture serve most, who is left behind, and how is it shaping inequality between countries?
By Terri B. Chapman
The US lags in achievement towards several of the targets under SDG 8 and SDG 10.
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