Does issuer composition change as stock markets grow, and, if so, how? An increase in market capitalization may be driven by growth on the intensive or extensive margin. Such growth may also influence...
Sustainability-Linked Bonds—an innovative debt product that incorporates incentivized sustainability targets—are becoming increasingly popular to encourage issuers to improve their sustainability performance...
This paper exploits a novel and comprehensive dataset on power market structure over 1989–2020 to analyze the relationship between power market sophistication—defined as the move toward a more competitive...
This study highlights how COVID-19 has affected small and medium enterprises, drawing on newly released World Bank Enterprise Surveys in 13 countries. The study shows that firms of all sizes are severely...
How big is the financing gap to achieve the 2030 sustainable development goals (SDGs)? Can private capital fill the gap? This note provides an updated overview of estimates of SDG financing in low- and...
This paper analyses the role of good governance in fostering pro-poor and inclusive growth. Using a sample of 112 countries over 1975–2012, it shows that growth is generally pro-poor. However, growth has...
This paper uses 1-2-3 survey data on the Democratic Republic of Congo to analyze heterogeneity in the informal sector. It empirically identifies three types of entrepreneurs in the sector. The first group...
This paper uses 1–2–3 survey data on the Democratic Republic of Congo to analyze heterogeneity in the informal sector. It empirically identifies three types of entrepreneurs in the sector. The first group...
The strong economic performance of Sub-Saharan Africa’s resource-rich countries since the start of the 21st century has been celebrated as a return to more buoyant growth and renewed convergence with the...