This is an update of a paper prepared in February 2007 which provided background data and analysis on the evolution of the global aid architecture. It reviews broad trends including data for 2006 and to...
Medium term expenditure frameworks (MTEFs) are receiving renewed attention in the context of the formulation of Poverty Reduction Strategy Papers (PRSPs). Conceptually, MTEFs are the ideal tool for translating...
This report presents the activities of the World Bank in Madagascar achieved in partnership with the government, the beneficiary populations, nongovernmental organizations, and members of civil society...
Since 1991 there has been an enormous decline in the real amount of capital formation in Russia, especially in the production sectors. At the same time, a large part of the stock of capital accumulated...
The decentralization of political, economic and fiscal power from the center to the regions is an integral and critical part of the sweeping changes that took place in Russia since end-1991. Decentralization...
In practice, conventional measures of the fiscal deficit exclude the activities of public financial institutions. As a result, fiscal policies may be applied inappropriately when these institutions - especially...