Overview

  • Macroeconomics is the system that connects the countless policies, resources, and technologies that make economic development happen. Without proper macro management, poverty reduction and social equity are not possible.

    Experts within the World Bank Group’s Macroeconomics, Trade & Investment Global Practice (MTI) are working with countries around the world on issues such as taxation, growth strategies, public expenditures, public debt and sovereign wealth funds management. We provide analysis for sound policy making so that governments can develop and nurture their economies, with the aim target of reducing poverty and promoting share prosperity for all its citizens.

    While MTI experts cover many areas of macroeconomics, we specialize in several areas:

    Updated March 29, 2019

  • The World Bank Group’s Macroeconomics, Trade & Investment Global Practice (MTI) looks at macro and fiscal issues through the lens of poverty, structural transformation, long-term development, and the interplay between national and local governments. We offer technical advice (from big, comprehensive reports to short, just-in-time notes), budget financing (to smooth the impact of reforms), and convening power (so reforms can be owned by their stakeholders).  Above all, we are the professional home of 300-plus passionate “Country Economists”, located in over 100 countries, who follow the day-to-day economic realities of each client as much as its historical, political, and social trends. They leverage their deep, sometimes unparalleled, country-specific knowledge with their peers around the world by sharing information, comparing experiences, and identifying best-practices. These economists are “country” and “global” at the same time.

    Our products:

    • We produce over 200 pieces of analytical and advisory services a year.
    • We deliver annually some $7 billion in fast-disbursing loans ($1 billion of which come from our concessional “IDA window”). 
    • We do real-time macro monitoring and country-risk assessments, publishing our trademark “Country Economic Updates” twice a year for most countries. 
    • We aggregate country-based data and information into our global macroeconomic model (“MFMod”), which helps us project world-wide and regional trends, and simulate the impact of unexpected events—like a collapse in oil prices.
    • For countries that struggle with debt, we offer national debt management services.
    • Our most sought-after products include Country Economic Memoranda, Policy Note Collections for Presidential Transitions,Public Expenditure Reviews, Tax Policy Analyses, Job Diagnoses, Global Position Papers, Systematic Country Diagnostics, Global Conferences, Development Policy Loans, Poverty Reduction Support Credits, Heavily Indebted Poor Countries and Multilateral Debt Relief Initiatives, and Subnational Budget Support Operations. 

    We work closely within the World Bank Group as well as with, the International Monetary Fund, the Organization for Economic Co-operation and Development (OECD), regional banks, and bilateral aid agencies.

    Our team provides a one-stop, locally-based, and globally-connected shop for analysis, technical assistance, financing, and innovation in macroeconomic and fiscal management.

     

    Updated 3/29/19

  • The three examples below give a quick but telling glance at our global and country-based products, and how they benefit our clients.

    Drivers of Growth in Rwanda: The Rwanda Drivers of Growth Study brought new ideas to fundamentally shift the mindset toward long term economic development and reform in Rwanda. The Study has strong ownership in Rwanda and has informed Rwanda's Vision 2050 and the Government's 2018-2024 Seven-Year Plan.

    Fiscal Policies for Development and Climate Action: While climate change is often viewed solely as an environmental problem, it poses serious risks to every aspect of society. Well-designed fiscal policies can mitigate climate change while raising well-being. The World Bank Group is working with coalition of finance ministers to spur ambitious and collective action on climate, with fiscal policy at the center.

    Reforming Vietnam’s fiscal management: Through proper fiscal policy and management Vietnam was able to prioritize government spending to deliver public services in the past 20 years. However, new challenges have emerged in the last few years that have called for reforms to ensure that the State Budget can keep pace with Vietnam’s rapidly changing economy. We provided technical advice and prepared a series of targeted inputs to influence the debate on the amendment of the State Budget Law. Following extensive study and consultation over five years, Vietnam amended its State Budget Law to modernize fiscal management to meet emerging fiscal policy, public service delivery, and government accountability challenges in a fast growing, middle income country.

     

    Updated March 29, 2019

Api



PHOTO GALLERY

More Photos Arrow

In Depth

image

Global Economic Prospects

The semi-annual Global Economic Prospects (GEP) report assesses the global outlook for growth and stability in emerging and developing countries.

image

Trade

Trade is an engine of growth that creates jobs, reduces poverty and increases economic opportunity.

image

Debt Sustainability Analysis

The DSA helps donors and countries mobilize critical financing for low-income countries without building up excess debt.

image

Debt

Good debt management is essential to economic development. It is important as developing countries finding it easier to issue debt.

Additional Resources

Contacts

Washington
Joe Rebello
jrebello@worldbankgroup.org
View All Contacts Arrow