Global economic growth has picked up in 2021 and has now surpassed its pre-pandemic level. The National Bank of Rwanda (NBR) has maintained an accommodative monetary stance and other measures to support the recovery, taking advantage of low inflation. The government's continued fiscal expansion...

Intro -- Contents -- Preface -- Observations on social capital -- Notes on social capital and economic performance -- Social capital in the creation of human capital -- Defining social capital: an integrating view -- Formal and informal institutions -- Creating and harnessing social capital --...

Cover -- Table of contents -- Foreword -- Acknowledgments -- Executive Summary -- Abbreviations -- Chapter 1 Global Outlook: Disappointments, Risks, and Spillovers -- Summary and key messages -- Major economies -- Global trends and spillovers -- Developing countries -- Risks to the outlook --...