This paper analyzes fiscal policy cyclicality, with a specific focus on the Middle East and North Africa region, which is known for its significant output volatility. The paper provides new and more granular...
The short note analyzes the capacity of the Philippine financial market to meet the government's fiscal needs amidst efforts to reduce the fiscal deficit. The fiscal deficit increased significantly due...
Ratings of Strengthening Fiscal and Financial Stability Project for Mongolia were as follows: outcome was moderately satisfactory, Bank performance was satisfactory, and monitoring and evaluation quality...
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working in more than 100 countries, IFC committed a record 43.7 billion...
Building on an impressive performance in 2022, public revenues continued to improve in the first quarter of 2023. This assessment is the section is based on progress made by the Palestinian Authorities...
A large literature has documented that fiscal policy is procyclical in emerging markets and developing economies and acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality...