In the aftermath of the 2007/08 financial crisis, and lacking sufficient coordinated guidelines or legislation, measures to address failing financial institutions in European Union (EU) Member States were taken at national level. In an effort to improve cross border coordination as well as to...

There is growing awareness globally about the potential impacts of climate change on financial stability. Climate-related financial risks can be broadly grouped into two categories: (i) climate physical risks, which are financial risks stemming from the gradual and abrupt impacts of climate...

The countries of the Gulf Cooperation Council (GCC) have articulated a vision for sustainable economic development that highlights the need to diversify the productive base to reduce dependence on the hydrocarbon sector and create more employment opportunities for their young and growing...

The decline in commodity prices that began with metals and agriculture four years ago—joined by crude oil in mid-2014—continued in 2015Q1 (Figure 1). Energy, metals, and agricultural prices were down 28, 11, and 5 percent, respectively, from the previous quarter. Increasing supplies, bumper...

Liberia had an estimated 4.3 million hectares of forests in 2011, comprising approximately 50 percent of Liberia’s landmass. These forests support very high levels of biodiversity, provide a wide range of ecosystem services (for example, bush meat, medicines, construction materials, and...