Finance and Prosperity 2024

World Bank

No 42075, World Bank Publications - Reports from The World Bank Group

Abstract: While financial sector risks in the larger and higher per capita countries are moderate, half of lower-income countries face significant risks over the next 12 months. Nearly 70 percent of countries facing high financial sector risks are currently not adequately prepared to handle financial stress. The report also identifies a particular risk facing financial sectors in several countries: a large and growing exposure to sovereign debt. This exposure surged to its highest level in the past decade. Finally, the report looks at how countries can enable more climate finance through the banking sector without compromising on the important goals of financial sector stability and inclusion for underserved people.

Keywords: Finance; and; Financial; Sector; Development-Banks; &; Banking; Reform; Finance; and; Financial; Sector; Development-Financial; Crisis; Management; &; Restructuring; Macroeconomics; and; Economic; Growth-Climate; Change; Economics (search for similar items in EconPapers)
Date: 2024
Note: ISBN 978-1-4648-2060-1
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