The European Union's Cohesion Policy is its biggest investment instrument. It supports the Europe 2020 strategy of smart, sustainable, and inclusive growth. With a budget of EUROS 351.8 billion for 2014-2020, the Cohesion Policy accounts for around one-third of the EU budget. The Cohesion Policy...

News headlines over the last few years have been filled with global scandals involving corruption on an unprecedented scale. They touch virtuallyevery continent, from Asia to Africa, Europe, and the Americas. The scale, magnitude, and sophistication of the operations has increasingly risen to...

Public expenditure reviews are one of the World Bank's core diagnostic tools for informing various stakeholders about the state of education financing in a country. Such reviews assess the efficiency, effectiveness, and equity of expenditures on education and their adequacy and sustainability...

The 2013 Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR5) advised that warming of the climate system is unequivocal and said that since the 1950s many of the observed changes are unprecedented over decades to millennia. Climate change is one of the greatest...

Implicit contingent liabilities, such as those generated by natural disasters, are often not quantified in the government balance sheet. However, when they materialize, they place pressure on government finances that may raise interest expenditures and financial risks. Understanding the impacts...

This document is intended for use by government agencies in emerging markets and developing economies (EMDEs), in order to assist them in incorporating climate-related risks and opportunities in the preliminary preparation stages of renewable energy (solar and wind) infrastructure projects...

This document is intended for use by government agencies in emerging markets and developing economies (EMDEs), in order to assist them in incorporating climate-related risks and opportunities in the preliminary preparation stages of renewable energy (solar and wind) infrastructure projects...