Resolved that the Board of Governors of the Corporation consider the Consolidated Financial Statements and Independent Auditor’s Report included in the 2025 Annual Report and the Administrative Budget...
Resolved : 1. THAT the Report of the Board of Directors dated September 22, 2025 on “Allocation of FY25 Net Income” is hereby noted with approval 2. THAT US$1,362 million from the Corporation's FY25 Net...
Public opposition is a major barrier to economic reforms, such as subsidy removal. Using multilayered, randomized survey experiments with 10,000 respondents across ten surveys in five countries, this paper...
This paper examines the untapped fiscal potential of natural resources in the Central African Republic, focusing on the forestry and mining sectors. The paper analyzes current production levels, tax systems...
This paper utilizes the unique dynamics of fiscal budgeting in countries with a large hydro-carbon sector to estimate fiscal multipliers. The main identifying assumption rests on the idea that exogenously...
This study explores the short-term welfare and distributive effects of selected fuel tax and subsidy reforms in six countries in the Latin America and Caribbean (LAC) region that are aimed at promoting...
The global economic context improved modestly in 2024, supported by easing inflation and a rebound in global trade. Kenya’s economy has slowed despite several improving macroeconomic indicators. The external...
This paper examines the redistributive impact of fiscal policy—specifically taxes and transfers—on poverty and inequality in eight countries in the Middle East and North Africa: the Arab Republic of Egypt...
This paper documents new facts on corporate taxation and the revenue potential of corporate minimum taxes, leveraging firm-level tax returns from 16 countries. First, effective tax rates follow a humped-shaped...
Fiscal rules have been shown to support fiscal discipline by improving government budget balances and restraining the growth of debt. However, questions remain about what enhances their effectiveness and...
The Debt Sustainability Analysis (DSA) assesses Comoros’ external and overall debt as sustainable including in the medium term but continuing to remain at high risk of debt distress. Although debt indicators...
On December 18, 2024, International Finance Corporation (IFC) Board of Governors adopted resolution number two hundred and eighty-three. It was resolved that: (i) the transfer of the Corporation’s FY24...
The Gulf Economic Update (GEU) is the product of the Economic Policy unit for Middle East and North Africa at the World Bank Group. It provides an update on key economic developments and policies in the...
The impacts of climate change on developing economies are becoming increasingly severe, creating challenges for risk management and requiring enhanced levels of resilience. This paper explores how to mitigate...
The paper examines the macroeconomic effects of public investment in emerging market and developing economies. To this end, the analysis develops a new measure of public investment shocks based on cyclically...
The Nigeria Development Update (NDU) is a World Bank report series produced twice a year that assesses recent economic and social developments and prospects in Nigeria, and places these in a longer-term...
The development objective of the Supporting Reconstruction Through Smart Fiscal Governance: Surge Program for Results for Ukraine is to establish the institutional foundations for implementation and financing...
