Financial and Monetary Systems

How can developing economies recover from the pandemic?

Many developing economies are in signifcant debt due to COVID-19. Image: UNSPLASH/Visual Stories || Micheile

M. Ayhan Kose

Director, World Bank Development Prospects Group

Franziska Ohnsorge

Lead Economist, World Bank Development Prospects Group


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Financial and Monetary Systems

Global inflation has rebounded fast and early, which could help developing economies. Image: Haver Analytics, World Bank.

Emerging and developing economies: Average total external debt service. Image: International Debt Statistics and Farah et al. (2021).

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Interest rates and payments in emerging and developing economies. Image: IMF; Kose et al. (2017); World Bank.

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Related topics:

Financial and Monetary SystemsPublic Finance and Social ProtectionCOVID-19Economic Progress


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