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Biden and the World – Part 6: Biden Knows Central Europe and It Knows Him

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The election of Joe Biden as forty-sixth president of the United States is good news for strategic U.S.-European relations and good news for Polish-U.S. relations. The threat of a U.S. withdrawal from the North Atlantic Treaty Organization (NATO) and disengagement from Europe will no longer hang over the transatlantic relationship, freeing these two fundamental elements

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A Bridge to Economic Recovery: Be Aware of Financial Stability Risks

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Despite a global economic crisis comparable only to the Great Depression, near-term financial stability risks have been contained with the help of unprecedented monetary policy easing and massive fiscal support across the globe. But many economies had pre-existing vulnerabilities—which are now intensifying, representing potential headwinds to the recovery.

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Stress-testing banks during the Covid-19 pandemic

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When the Covid-19 pandemic struck, the official sector responded by implementing support measures and adopting expansionary monetary and fiscal policies. Prudential authorities provided regulatory relief
in various ways,2 with the aim of maintaining an adequate flow of credit to the real economy, while preserving financial stability.

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Remarks by World Bank Group President David Malpass at the Fourth Ministerial of the Coalition of Finance Ministers for Climate Action

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The COVID-19 pandemic is not just impacting health, livelihoods, and economies. It has demonstrated—with deadly effect—that national borders offer little protection against some calamities. The pandemic has underscored the deep connections between economic systems, human health, and global well-being. And it has focused our efforts on building systems in countries that will better protect all

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