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...
Do fiscal rules help suppress sovereign spreads during periods of global financial stress? Yes! This paper examines whether fiscal rules contribute to mitigating sovereign spreads in emerging markets and...
Таджикистан демонстрирует высокие темпы роста с конца 1990-х годов: в период с 1998 по 2019 годы экономика страны росла в среднем более чем на 7 процентов в год, восстанавливаясь после разрушительных последствий...
Public-private partnerships are used to procure public infrastructure. Despite involving private investors and concessionaires, they impact the public budget like traditional provision and create fiscal...
This paper extends the World Bank's Long-Term Growth Model (LTGM) with the addition of a natural resource sector to analyze how long-run growth evolves in resource-rich countries and the growth impacts...
Ratings of Public Expenditure and Fiscal Risk Management Project for Peru were as follows: overall outcome was satisfactory, relevance of prior actions was satisfactory, and achievement of objectives was...