World Governments Summit highlights AI’s transformative role in government-led climate action
The report comes at a pivotal time, as countries grapple with rising global temperatures and increasingly complex environmental challenges. The World Governments Summit Organisation, in
Gold holds steady as Fed rate cut bets offset dollar strength
Traders see 75% chance of US interest rate cut next month. Gold prices held steady on Monday, as growing expectations of a Federal Reserve rate
Saudi Arabia to sign $30bln worth of energy deals with US, says Aramco CEO
Saudi Arabia will sign energy sector agreements with the U.S. worth $30 billion, the CEO of Saudi state oil giant Aramco, Amin Nasser, said. Saudi
The granular origins of inflation
Textbook monetary economics views inflation as fundamentally driven by aggregate shocks, such as money supply or policy rates. This column presents empirical evidence that inflation
Is AI making us smarter or just making us look smart?
Here’s an uncomfortable truth: Students can ace every assignment in class and learn virtually nothing. Conversely, they can struggle through tasks and learn quite a
Exploring how AI can boost people-centered development
With AI’s potential to transform and improve lives globally, we should consider what really works to leverage AI for people. At the World Bank, we are
The (un)intended consequences of export restrictions
Export restrictions on industrial raw materials are increasingly used by developing economies to climb value chains. This column explores whether Indonesia’s 2014 ban on nickel
How financial authorities best respond to AI challenges
Artificial intelligence is transforming finance faster than the authorities can adapt. This column argues that while AI enhances the financial system’s efficiency, it also poses
Efficiency and distribution in the European Union’s digital deregulation push
A new framework shows how EU digital reforms must balance efficiency with transparent recognition of distributive consequences. To boost the European Union’s digital economy, the European
What will it take to stabilise debt in advanced countries?
Debt can be stabilised across advanced economies yet many face sizeable fiscal adjustments and rising vulnerability to market shifts. This paper analyses the prospects for
