This report examines the fiscal prospects of major units of sub-national government in the voivodship (province) of Mazowieckie and proposes a series of reforms in recurrent spending and capital investment planning. Mazowieckie, the seat of Warsaw, is the heart of the Polish economy. While...

"The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...

In 2007, Montenegro was one of the world's fastest growing non-oil economies. The country reaped the benefits from its comprehensive, pre-independence reform program. After the international recognition of statehood had removed the lingering uncertainty over Montenegro's political status,...

Already one of the poorest regions in Indonesia, the island of Nias was badly affected by the twin disasters of the 26 December 2004 tsunami and a devastating earthquake that struck three months later, on 28 March 2005. Now, more than two years after the disasters and despite the significant...

Agriculture sector growth in Myanmar averaged 2.5 percent during 2009/10-2016/17. This compares to only half of the growth rate in neighboring China and Thailand at the same stage of their economic development and less than one-third of nonagricultural growth in Myanmar. This low agricultural...

"In contrast with a growing literature on the drivers of aggregate volatility in developing countries, its consequences in terms of individual incomes have received less attention. This paper looks at the impact of cyclical output fluctuations and extreme output events (crises) on unemployment,...