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trade Featured News World

How to manage the economic trade-offs of public procurement policies in developing economies

Government procurement—the process in which public entities buy goods and services from private companies—represents between 5% and 20% of a country’s GDP, depending on the country. Public procurement policies allow governments to strategically support certain firms and sectors, for example, small businesses or eco-friendly products. In using public procurement systems, policymakers must navigate a trade-off: […]

Climate Banking Featured World

What the financial sector needs to know about climate-related risks in the next five years: Navigating the new NGFS short-term scenarios for Europe

The immediate effects of climate-related risks are particularly relevant for the financial sector. Climate stress tests, which are often carried out over three to five-year periods, have become crucial for assessing the impact of shifting weather patterns and evolving climate policies on both the economy and the financial system. This column highlights the key findings […]