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Technology Featured Innovation Productivity World

Task-based returns to generative AI: Evidence from a central bank

How does generative AI affect real workplace productivity? This column reports results from an experiment at the National Bank of Slovakia, where staff were randomly assigned GPT-4o access while completing routine and non-routine tasks. The model improved output quality by up to 44% and cut completion time by 21%, with the largest gains on non-routine, […]

World Economy Environment News

Africa’s path to claiming the 21st century runs through its cities

In their recent blog Can Africa Claim the 21st Century?, Andrew Dabalen and Chorching Goh rightly highlight Africa’s moment of opportunity: a convergence of global attention, demographic momentum, and natural resource wealth. But whether this century can truly be Africa’s depends on whether its cities are able to generate enough good jobs to employ its growing population. […]

Economy Featured Finance News World

Lessons for rebuilding Ukraine from economic recoveries after natural disasters

Although the source and duration of the destruction differ, wars and natural disasters disrupt economies in similar ways. This column examines the effects of natural disasters and the impact of government rebuilding policies by focusing on the impacts of Hurricane Maria, which struck Puerto Rico in 2017. The findings underscore how the scale and design […]

Finance Banking Featured News World

US dollar stablecoin mercantilism is an opportunity to promote payment multilateralism and the international role of the euro

The EU and the US have taken starkly different approaches to the regulation of new monies issued using distributed ledger technology. The current US administration prefers dollar-backed stablecoins, with the aim to reinforce dollar dominance worldwide. This column argues that dollar-pegged stablecoins pose a risk for the EU, but the current legal framework can ensure […]

Education Featured News World

The world needs radical debt transparency

Over the past two decades, many developing countries have made remarkable progress in reducing poverty, expanding access to education and health care, and investing in infrastructure. These gains were the result of sound national policies and coordinated efforts by the international community, often financed through responsible borrowing. But the road ahead looks more precarious. Debt […]

World Economy Featured Finance News

Global growth concerns to weigh on metal prices

The World Bank’s metals and minerals price index edged up by 3 percent in May, partially recovering from an 8 percent plunge in April that had erased gains from early 2025. Metal prices have recently been shaped by rising global economic uncertainty and intensifying trade tensions. Prices are expected to decline through 2025 and 2026, […]

Energy Featured News Technology World

Home charging and plug-in hybrid electric vehicles: A strategy for real-world emissions reductions

Plug-in hybrid electric vehicles can use either fossil fuels or electricity and offer potential emission reductions, depending on the driver’s usage. This column examines how access to charging at home influences the share of driving that employees with company cars in Germany do using electricity. Access to home charging reduces the users’ fossil fuel consumption […]

Economy Featured Finance Lifestyle News

Improving access to quality data in fragility and conflict contexts: The case of Central Sahel countries

Generally speaking, political instability, armed conflicts, and low population density create significant challenges to collecting, accessing, and disseminating quality data. This is especially true in central Sahel countries (Burkina Faso, Chad, Mali, and Niger), which are relatively vast with low population densities, ranging from 65 inhabitants per km² in Burkina Faso to 14 inhabitants per km² in […]