"In this paper the authors reconsider the idea of an earnings-related pension system with reserves invested in indexed government bonds as a mechanism to both ensure financial sustainability and improve security. They start by reviewing the characterization of the sustainable rate of return of...

Policymakers and development experts seeking to improve the quality of education are interested in the role technology can play. Not only do they want to use technology to directly aid learning, but they also want to ensure that students in developing countries - and poor communities everywhere...

The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...

This learning note prepares policymakers to engage with their technical experts and staff in designing and implementing an evidence-informed response to the challenges of existing and future slum settlements. To that end, the note discusses a set of indicators and data analysis techniques needed...

"The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more...

Russia is reforming its education system to meet the needs of the country's evolving economic structure with its changing focus on information and services. This is known as the information - or knowledge - economy. The reform effort is now being expanded to incorporate the support that...

This report proposes a preliminary guiding framework to define and deploy blended learning models at the K-12 level in the Kingdom of Saudi Arabia. Drawing lessons from international examples and good practices, the proposed framework aims to provide key considerations for the strategic and...