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Video February 15, 2022

Will the Pandemic Lead to a Financial Crisis? | World Bank Expert Answers

On this edition of Expert Answers, we’re examining the findings of the newly-released World Development Report. As governments around the globe wind down the extraordinary economic support measures enacted during the pandemic, the World Development Report highlights the risk of a global financial chain reaction. The threat of hidden risks – especially undeclared loans – are of particular concern as slowing growth, rising rates, and mounting debt underline the need for greater transparency, early detection, and swift action.


Timestamps

00:00 Introducing Carmen Reinhart, World Bank Group Chief Economist
00:54 Global economic crisis as a consequence of the pandemic
01:43 Financial chain reaction, interconnectedness, threats
03:32 Global risks
05:49 Private debt
07:34 Hidden risks
09:41 Inequality
11:04 Addressing global challenges
12:01 Thanks Carmen Reinhart for sharing your expertise!
 

About World Bank Expert Answers

Every episode of Expert Answers sits you down with a World Bank specialist: an expert answers with expert answers. From debt relief to gender equality. From COVID-19 response to inclusive growth, and much more. Our goal is to help you understand some of the biggest issues in international development today by asking our colleagues about what works on the ground and what we can do to meet the biggest global challenges. Watch previous episodes of Expert Answers!