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Zim tops exchange rate troubled states

Zimbabwe has been named among 24 countries that are most affected by economic challenges rooted in the distortionary impact of the parallel market for foreign currency, causing persistent macroeconomic instability. According to a report released by the World Bank last week, as of March 31, 2023, the Southern African country was ranked seventh on the…
United Kingdom Mashonaland East United States David Malpass Carmen Reinhart World Bank

Congress Should Support Free Trade with Central America and the Dominican Republic

The Dominican Republic-Central American Free Trade Agreement wouldexpand markets for Central America, the Dominican Republic, and theUnited States; help to integrate these countries into the globaleconomy; encourage needed economic reforms; bolster positivepolitical trends; and signal the entire hemisphere that Washingtonis serious about market integration and helping its neighbors todevelop.
United States San Antonio Costa Rica Dominican Republic New Zealand El Salvador

Parallel Exchange Rates: The World Bank's Approach to Helping People in Developing Countries

David Malpass discusses parallel exchange rates in this blog, showing they are expensive, highly distortionary for all market participants, are associated with higher inflation, impede private sector development and foreign investment, and lead to lower growth.
South Sudan Sri Lanka Carmen Reinhart World Development Indicators World Bank Group World Bank

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