The global economy enters 2022 in a weaker position than previously expected. The COVID-19 Omicron variant has prompted new mobility restrictions, energy price increases and supply disruptions have spurred inflation more than anticipated, and the ongoing retrenchment of China's real estate...

The fifth edition of Balance of Payments Manual, issued in 1993, presents revised and updated standards for concepts, definitions, classifications, and conventions for compilation of balance of payments and international investment position statistics that reflect the widespread changes that...

Fiscal discipline is essential to improve and sustain economic performance, maintain macroeconomic stability, and reduce vulnerabilities. Discipline is especially important if countries, industrial as well as developing, are to successfully meet the challenges, and reap the benefits, of economic...