The period of the COVID-19 pandemic will be marked and remembered. It will certainly be known for the ongoing health crisis that has reverberated across the world, leading to significant social impacts...
This paper reviews the performance of fiscal rules across the world and provides some evidence oftheir effectiveness in improving fiscal performance. Moving beyond the usual approach, the analysisconsiders...
Following the collapse of commodity prices in Latin America and the Caribbean (LAC) in 2014-15, many countries in the region were unable to cushion the impact of the shock in order to experience a more...
Targeted reductions in corporate income tax rates may in some cases increase investment by firms, which can increase employment and the incomes of employees and suppliers, improve the availability of goods...
This Public Expenditure Review (PER) was prepared by the World Bank at the request of the Ministry of Finance of Cabo Verde. With a debt-to-GDP ratio of 126 percent in 2017, Cabo Verde is the most indebted...
This Public Expenditure Review (PER) was prepared by the World Bank at the request of the Ministry of Finance of Cabo Verde. With a debt-to-GDP ratio of 126 percent in 2017, Cabo Verde is the most indebted...
The 2008 crisis marked the beginning of a lost decade for many countries - and many people - in the European Union (EU). The crises of 2008 and 2012 halted, and in some countries undid, a decade of growth...
The purpose of this position paper is to: (i) assess key interventions in innovation policy indicated in the strategy for responsible development (SRD) endorsed in 2017, and (ii) identify and analyze areas...
Regulatory policy is essential for economic growth and social welfare. Regulations are the rules set by the state to govern the daily life of citizens and businesses. Regulatory policy, the prerogative...
This report discusses Poland’s experience along five dimensions. These five dimensions - a pentagon of policies and institutions are governing, sustaining, connecting, growing, and including. The main...
Poland is facing an enormous demographic change as the population age at unprecedented pace. Life expectancy is steadily increasing while birth rates for years have remained below simple replacement rate...
Latvia's Ministry of Finance requested the World Bank to collaborate on a review of the country's tax system as input for the design a medium-term tax strategy. The motivation behind the tax review is...
Latvia’s Ministry of Finance requested the World Bank to collaborate on a review of the country’s tax system as input for the design a medium-term tax strategy. The motivation behind the tax review is...
This report discusses Poland’s experience along five dimensions. These five dimensions - a pentagon of policies and institutions are governing, sustaining, connecting, growing, and including. The main...
Forced displacement is emerging as a major development challenge in the Sahel region, and especially around the Lake Chad basin. The Sahel has recently experienced political upheaval and insecurity due...
Agriculture is vital to Moldova’s economy. It accounts for 14 percent of gross domestic product (GDP) and employs 25 percent of the labor force; together with agro-processing, it generates more than 20...
Aging may be one of the most far-reaching processes defining the economic, fiscal, and social changes societies are likely to experience over the next 40 years. The demographic consequences of aging will...