The COVID-19 pandemic and the global shocks that followed have worsened fiscal and debt positions in small states, intensifying their already substantial fiscal challenges—especially the need to manage more frequent climate change–related natural disasters. Forty percent of the 35 emerging market and developing economies (EMDEs) that are small states are at high risk of debt distress or already in it, roughly twice the share for other EMDEs. Larger...
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2024/09/17
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Policy Research Working Paper
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WPS10913
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1
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2024/09/17
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Disclosed
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Fiscal Challenges in Small States : Weathering Storms, Rebuilding Resilience
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Citation
Samuel Christopher Hill; Jeetendra Khadan.
Fiscal Challenges in Small States : Weathering Storms, Rebuilding Resilience (English). Policy Research working paper;COVID-19 (Coronavirus);PROSPERITY Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099434409172423992