GECMagz

International Debt Report 2024: Low- and middle-income countries’ debt stock increased by US$205.9 billion in 2023

External debt of low- and middle-income countries (LMICs) touched a record US$8.8 trillion in 2023, while debt servicing costs for…

1 year ago

A green dilemma for monetary policy

Accelerating the transition to a green economy is a necessity. This column argues that the green transition will create trade-offs…

1 year ago

Beyond energy: Inflationary effects of metals price shocks

The shift from fossil fuels to renewable technologies may render the global economy less oil-intensive and more metals-intensive. This column…

1 year ago

Breaking banks’ information monopoly: The case for deposit data sharing

Incumbent banks often maintain an informational monopoly over their borrowers, making it difficult to switch to competing lenders or negotiate…

1 year ago

Six Strategies to Safeguard Tourism and Health Systems from Climate Change

Tourism, health, and climate change are intertwined in Asia and the Pacific, where rising temperatures and extreme weather threaten livelihoods…

1 year ago

Three Ways Capital Markets Can Accelerate Climate Finance in Asia and the Pacific

Asia and the Pacific is central to global climate change efforts, but robust capital markets are needed to mobilize private…

1 year ago

World Sustainable Transport Day: Transforming Mobility to Transform Development

Transport means much more than simply getting from point A to B. When planned and operated properly, transport systems can…

1 year ago

Uneven local business climates: Six EU countries show gaps in public service delivery and operational efficiency

New data on the subnational business climate in six EU member states reveal that each of the 40 measured cities…

1 year ago

On urban heat, India offers lessons to the world

Each January, Ahmedabad’s skyline transforms into a sea of vibrant kites flown joyfully from rooftops — many crafted by skilled artisans…

1 year ago

Generative AI as a replacement for human coders in large-scale complex text analysis: New evidence from large language models

Despite its immense potential, text analysis at scale presents significant challenges. This column benchmarks several state-of-the-art large language models against…

1 year ago