low income countries

Members of the Bolivian army guard the entrance to Plaza Murillo while President Luis Arce "denounced the irregular mobilization" of some units of the country's army in La Paz, Bolivia, June 26, 2024. REUTERS/Claudia Morales
Global Economy

Kenya clashes and Bolivia's failed coup show perils of economic hardship

Around the world, low income nations were sucked into economic crisis - and in some cases, debt default - after the 2020 COVID-19 pandemic decimated parts of the global economy. 

Indermit Gill is Chief Economist and Senior Vice President for Development Economics at the World Bank. M Ayhan Kose is Deputy Chief Economist and Director of the Prospects Group at the World Bank. Illustration: TBS
Panorama

A tragedy is unfolding in the poorest countries

Pakistan adopts painful economic path to secure IMF bailout. The photo was taken in Karachi as citizens reach out to buy subsidised flour sacks from a truck, 10 January 2023. Photo: REUTERS
World+Biz

How financing can boost low-income countries' resilience to shocks

Every year 2 million youth enter the labour force in Bangladesh. Photo: Mumit M.
Global Economy

Low-income countries to be left behind without action on jobs - ILO

A cargo ship sails towards Colombo Harbour as a Sri Lankan national flag is seen, amid the country's economic crisis in Colombo, Sri Lanka, July 23, 2022. REUTERS/Adnan Abidi
Sri Lanka Crisis

Sri Lanka to keep 'middle-income' status but seek concessional loans

PHOTO: ZOHRA BENSEMRA/REUTERS/NEWSCOM
Global Economy

Stepping up to meet low-income countries’ pandemic recovery needs

FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, US, April 20, 2018. REUTERS/Yuri Gripas
Global Economy

Low-income countries developing sustainable financial systems: IFC