Publication: Finance and Prosperity 2024
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Date
2024-08-29
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Published
2024-08-29
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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.
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Citation
“World Bank. 2024. Finance and Prosperity 2024. Finance and Prosperity. © Washington, DC: World Bank. http://hdl.handle.net/10986/42075 License: CC BY 3.0 IGO.”