Tax and Fiscal Policy in Response to the Coronavirus Crisis
Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so...
Ukraine’s Progress in Public Financial Management-Report
The 2019 Ukraine Public Expenditure and Financial Accountability (PEFA) Assessment report was published today. The assessment was carried out by the World Bank as...
Europe and Central Asia: Health Systems, Safety Nets, and Support to Businesses All Critical
Decisive policy measures that prioritize investments in health care systems and provide safety nets for people, especially the most vulnerable, are critical to mitigating...
Transparency is Key to Weathering Shocks, Investing in Growth, and Enhancing Trust in Government
— Transparency about critical economic issues — such as public debt and employment — will be the key to driving growth and enhancing trust...
COVID-19 Drives Sub-Saharan Africa Toward First Recession in 25 Years
Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to...
Coronavirus-driven debt crisis threatens poor countries already at risk
As governments struggle to cope with the COVID-19 pandemic, billions of people living in countries teetering on the brink of economic collapse are being...
Renewables Account for Almost Three Quarters of New Capacity in 2019
The renewable energy sector added 176 gigawatts (GW) of generating capacity globally in 2019, marginally lower than the (revised) 179 GW added in 2018....
South Sudan Economic Analysis Shows Growth Promise Amid Fragility
After a four-year contraction, South Sudan’s economy appears to be recovering and reached 3.2 percent in FY18/19. However, according to the World Bank’s latest...
Less Than Half Pay for Media, News and Entertainment, But Willingness to Pay Is Rising
Less than half of consumers pay for media, with 16% paying for news and 44% paying for entertainment – but a willingness to pay...
East Asia and Pacific: Countries Must Act Now to Mitigate Economic Shock of COVID-19
The virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP),...