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Which countries face corporate balance sheet vulnerabilities? a novel monitoring framework

Erik Feyen's picture

The debt of the nonfinancial corporate sector in emerging and developing economies (EMDEs) has risen significantly since the global financial crisis, raising concerns about financial stability and spillover risks. While monetary easing in developed economies has allowed EMDE corporates to raise substantial financing from global capital markets, the sharp decline in commodity prices since 2014 and lower growth prospects across EMDEs have weighted on their firms’ profitability and debt service capacity.

The current global environment raises questions. How vulnerable is the current financial situation of the EMDE corporate sector?  How has it evolved since the global financial crisis?

Seeking agriculture related solutions for obesity, an increasing problem within malnutrition

Aira Htenas's picture
Also available in: Español | Français 

Rising obesity rates are in the headlines – with increasing recognition of the major role that agriculture and food systems play in the epidemic.  As agriculture economists interested in human nutrition, we wanted to take a look at what it all means, to look at how agriculture and food systems are part of the problem and how they are part of the solution. While conducting research for a recent report, a few things stood out to us.

Resilient Haitian cities – live today but think about tomorrow!

Sameh Wahba's picture


Landing in Port-au-Prince awakens your senses. Exiting the airplane, you are re-energized by the explosion of colors, the welcoming smiles, and the warm weather – particularly when coming from a cold January in Washington, D.C.  Loud honking, a high density of houses and buildings, and streets bustling with pedestrians and small informal businesses are all evidence of the rapid urbanization process in Haiti.
As soon as you land, the challenges of the city are evident; Port-au-Prince expands to the ocean on flat plains exposed to flooding and quickly rises on steep hills with challenging access and risks of landslides and flash floods.  The reconstruction efforts after the earthquake in 2010 are still ongoing, and many of the houses seem to be hanging from the sky, perched on steep slopes. If you look at the houses from afar they appear as a single skyscraper, as distance makes the houses seem as if they are built on top of the one another. These false skyscrapers are highly exposed to landslides, flooding and earthquakes.

Be the generation that ends FGM

Sandie Okoro's picture
© UNFPA
© UNFPA

Female genital mutilation/cutting (FGM/C) is an everyday reality for millions of girls and women around the world. I am no longer shocked when a woman confides in me that she has been “cut,” or tells me the consequences she lives with. Recently, I have had the privilege to meet with FGM survivors who are also activists, and they are fighting to stop the practice in a generation, reminding me that one person can make a difference in ending FGM. 

As we mark the International Day of Zero Tolerance for Female Genital Mutilation, on Feb. 6, we are supporting #EndFGM, a survivor-led movement gaining momentum and power around the world.

FGM/C, known as cutting, is a form of violence affecting at least 200 million girls and women worldwide. Every day, about 6000 women and girls suffer the practice, enduring prolonged and irreversible consequences during their entire lives

FGM/C is inextricably linked with ending extreme poverty; girls who experience it are more likely to be forced into child marriage, more likely to be poor and stay poor, and less likely to be educated. Beyond the data and the statistics, researchers have shown that FGM deprives women of sexual health and psychophysical well-being. 

Eco-Industrial Parks 2.0: Building a common global framework

Sinem Demir's picture
Eco-Industrial Park in Republic of Korea. @KICOX
Eco-Industrial Park in Republic of Korea. @KICO

Eco-industrial parks (EIP) refers to putting in place serviced industrial infrastructure conducive to attracting new investments, especially in manufacturing, while at the same time promoting environmental sustainability.
 

Latin America: Is better technical and technological higher education the answer?

Diego Angel-Urdinola's picture
 
A new World Bank study finds that some Chilean technicians with a two-year degree have education returns that are only slightly lower than those of professionals. (Photo: Dominic Chavez/World Bank)



Two years ago, 23-year-old Pedro Flores became a technician specializing in renewable energy—all thanks to a degree from a technical institute in Maule, located in one of Chile’s poorest regions. After completing his degree in just two years, Flores became the only person in his family to obtain an advanced degree. Today, he lives in Santiago and works for a private solar energy multinational corporation, where he earns a competitive salary that is only slightly below the average for entry-level professionals in his field, most of whom spent over five years in university.

Walking in the Footsteps of History – Towards the Social Fund for Development in Iraq

Ghassan Alkhoja's picture


It had rained a couple of days ago. Our footsteps almost float on soil that feels soft, almost spongy. We see footprints of wolves that roam the lands at night. The sun is low in the sky, and a slight breeze wafts all around us. There is serenity in the air, as if history itself is imprinted in the consciousness of this land. This is Uruk, some 300 kilometers south of Baghdad, and some 7,000 years from the start of civilization. 

Last year in May, I authored a blog about the Iraq Social Fund for Development (SFD) project. I wrote about Iraq’s glorious history, its abundant natural resources, its profound cultural heritage, and its vast human capital. I wrote about the cradle of civilization and the great rivers, embodied by the city of Uruk, one of the earliest urban centers in civilization, which many believe lent its name to modern day “Iraq”. I also wrote of the deep challenges that are facing the people of Iraq. Successive years of conflict, violence and displacement have significantly eroded or destroyed much of what the people of this land have built. Today, I write about the promise of history, the optimism of the present, and the potential for a more promising future. 

Most commodity prices surged in January, led by energy–Pink Sheet

John Baffes's picture
Energy commodity prices surged 9 percent in January, the seventh monthly gain in a row, led by an almost 30 percent increase in U.S. natural gas prices, the World Bank’s Pink Sheet reported.

Non-energy prices made solid advances as well, with metals and minerals prices gaining more than 5 percent, also the seventh consecutive monthly increase, and a five-year high. Nickel and zinc, up 12 and 8 percent respectively, led the rise.

Precious metals climbed nearly 6 percent, with similar gains in gold and silver.

Agricultural prices, which had been stable for nearly 2 years, increased more than 2 percent, led by advances in rice (+9 percent) and cotton (+5 percent). Fertilizer prices rose over 1 percent, led by DAP (+3 percent) and Urea (+2 percent).

The Pink Sheet is a monthly report that monitors commodity price movements.
 
All commodity price indexes gained in January, led by energy
Source: World Bank.

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