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Finance Development Economy Featured World

Three barriers to municipal finance—and how to overcome them to create jobs and growth

Cities in low- and middle-income countries are growing fast—but their ability to finance the infrastructure and services needed to support people and jobs is lagging behind. The consequences are real: without better roads, transit, water, energy, and housing, cities struggle to deliver basic services or attract investment, limiting job creation and economic opportunity. That’s because urban infrastructure […]

Economy Business Featured Finance

Amazon to spend $4bln on cloud infrastructure in Chile

Amazon’s cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company’s head of South Latin America told Reuters. Amazon Web Services (AWS) expects the cloud region, its third in Latin America after Brazil and Mexico, to be operational by the second half of 2026. […]

Economy Featured World

Resolving non-performing loans and zombie firms: A path to sustainable growth in Greece

During the Greek debt crisis, zombie firms and non-performing business loans peaked at 20% and 50%, respectively. This column examines the negative effects of ‘zombie’ firms on investment, employment, and productivity during the crisis. The findings suggest that zombie firms have a negative impact on the economy through multiple channels, but highlight heterogeneities across sectors. […]