The World Bank and IMF Can Help Tackle the Global Cost-of-Living Crisis

The World Bank and IMF Can Help Tackle the Global Cost-of-Living Crisis
Kenyans protest against inflation and the cost of living, especially higher prices of basic foodstuffs, in downtown Nairobi, Kenya, July 7, 2022 (AP photo by Brian Inganga).

The global economic situation is dire, particularly for low- and middle-income countries. Yet, when it comes to solutions, relatively little thought has gone to the role that might be played by international financial institutions and tools—like debt relief—that could support countries in their fight against inflation.

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