"The benefits of financial development and globalization have come with continuing fragility in financial sectors. Periodic crises have had real but heterogeneous welfare impacts and not just for poor people; indeed, some of the conditions that foster deep and persistent poverty, such as lack of...

The benefits of financial development and globalization have come with continuing fragility in financial sectors. Periodic crises have had real but heterogeneous welfare impacts and not just for poor people; indeed, some of the conditions that foster deep and persistent poverty, such as lack of...

The global economic crisis seriously threatens the economic growth and poverty reduction that Armenia achieved in recent years. The most recent data indicate that the economy is now shrinking, with prospects worsening in 2009 and 2010 when the full impact of the crisis is expected to unfold....

Section one provides a brief background on the recent macroeconomic developments, starting with the immediate positive past, the growth payoffs in terms of poverty reduction and concluding with a description of persistent and emerging vulnerabilities. Section two continues with the story of the...

There are visible signs that the global financial crisis is affecting economic growth and poverty reduction in Bulgaria. After a period of strong economic growth through 2008, Gross Domestic Product (GDP) in 2009 is projected to shrink by 3.5 percent due to the crisis, with important...

The financial crisis of 2008-09 has considerably slowed the pace of economic growth in Mongolia. When combined with the Dzud (severe winter storm) of 2009-10, which occurred just as the economy was beginning to recover and killed over one million heads of livestock, the slowdown is likely to...

FYR Macedonia has experienced a decline in poverty in the post global financial crisis period (2009-2013) in spite of a weak macroeconomic performance. In contrast to the pre-crisis period when growth was robust but poverty stagnant, poverty indicators indicate an improvement on the living...

Strong poverty reduction in Latin America resumed with the growth rebound in 2010, as both moderate and extreme poor households benefitted from the recovery, accelerating poverty reduction to rates similar to those witnessed between 2003-2006 despite a 2.8 percent decline in Gross Domestic...