The Kenyan government remains committed to a planned fiscal consolidation pathway, which should help contain public debt stock at a sustainable level. Nonetheless, there are significant challenges stemming...
The objective of capital budgeting institutions and practices is to ensure linkages between key policy objectives and actual budget resource allocation related to public investments.The report serves to...
The population in East Asia and Pacific is aging rapidly, raising concerns about the implications for the region’s economic future. This report aims to crystallize what is known about the rapidly changing...
The population in East Asia and Pacific is aging rapidly, raising concerns about the implications for the region’s economic future. This report aims to crystallize what is known about the rapidly changing...
The World Bank prepared this policy note at the request of the Montenegrin Ministry of Finance (MoF) to formulate a diagnostic of the current situation of local self-governments in Montenegro - with a...
This work presents a stochastic framework for assessing public debt sustainability and applies it to the case of Mauritania. The sustainability assessment projects solvency and liquidity indicators --...
This paper introduces a new data set on the stock and structure of domestic debt in 36 low-income countries over the period 1971-2011. It characterizes the recent trends regarding the do-mestic public...
This paper introduces a new dataset on the stock and structure of domestic debt in 36 low-income countries (LICs) over the period 1971-2011. The authors characterize the recent trends regarding LICs domestic...
This paper explores the building blocks of an institutional framework to govern borrowing by subnational entities to finance infrastructure investment. The framework should help in achieving sustainable...