The development objective of Second Serbia Green Transition Programmatic Development Policy Loan (DPL) Project is to support Serbia’s efforts to align fiscal management with climate change goals; accelerate...
Ratings of States Fiscal Transparency, Accountability, and Sustainability - Program-for-Results Project for Nigeria were as follows: outcome was satisfactory, Bank performance was satisfactory, and monitoring...
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...
North Macedonia’s economy is expected to show moderate growth in the medium term, with public finances continuing to be stretched. Although the country anticipates positive medium-term economic prospects...
The development objective of First Resilient Fiscal and Sustainable Development DPF Project for Montenegro is to support the government of Montenegro to: (i) strengthen fiscal sustainability and (ii) enable...
This 3rd edition of the Cameroon Economic Updates is part of a program of annual reports analyzing Cameron’s deve lopment trends and constraints. The report provides a comprehensive analysis of the country’s...
This 3rd edition of the Cameroon Economic Updates is part of a program of annual reports analyzing Cameron’s deve lopment trends and constraints. The report provides a comprehensive analysis of the country’s...
This paper provides an assessment of the fiscal and social impacts resulting from the fuel price adjustments undertaken in 2022. The note lays out policy options and their potential fiscal and social impacts...
The Gabon Economic Update is an annual World Bank publication that presents an overview of the evolving macroeconomic position in Gabon, followed by a detailed exploration of a specific topic in each edition...
Uruguay is an economy that is vulnerable to precipitation patterns, as evidenced during the country’s historic 2022/23 drought. Yet, and despite its rich macroeconomic and climate data environment, the...
The development objective of the First Fiscal Effectiveness, Competitiveness, and Green Growth Development Policy Financing for Kosovo is to enhance the effectiveness of fiscal policy, strengthen the investment...
The operation supports the government’s reform efforts to strengthen fiscal performance and diversify the economy by improving the conditions for inclusive and sustainable growth. The first pillar of the...
While countries increasingly commit to pricing greenhouse gases directly through carbon taxes or emissions trading systems, indirect forms of carbon pricing—such as fuel excise taxes and fuel subsidy reforms—remain...
This paper estimates the effects of gradually introducing a US$25/ton CO2-equivalent carbon tax in South Asian economies using the Climate Policy Assessment Tool (CPAT). The results for South Asia suggest...
The development objective of the Improving Public Financial Management (PFM) for the Green Transition Operation for Serbia is to improve core PFM functions and institutional capabilities needed for Serbia’s...
This paper examines to what extent slowdowns in economic growth after natural disasters are accompanied by widening fiscal deficits and corresponding pressures on public debt. Empirical analysis based...
Ratings for the Mato Grosso Fiscal Adjustment and Environmental Sustainability DPL for Brazil were as follows: outcomes were satisfactory, relevance of prior actions was highly satisfactory, and the bank...
Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies where emissions pricing revenues are rebated to the regulated entities. This paper analyzes the incentives created...
The development objective of the First Serbia Green Transition Programmatic Development Policy Loan for Serbia is to support the Government of Serbia’s (GoS’s) efforts to: (1) better align fiscal management...