This paper reviews the fiscal reform of the Czech Republic, its key reform measures, and structural implications. The study also focuses on key challenges and demographic pressures facing the Czech economy, and describes the analytical framework of Global Fiscal Model (GFM) with technical...

This technical paper focuses on the challenges faced by Paraguay’s budget resources. Paraguay’s government should adopt a forward-looking fiscal strategy. The strategy’s main goals should be to contain budget dependence on Itaipu revenues, preserve fiscal discipline, and...

Poverty and unemployment remained high in Botswana. The shortcomings of the labor market policies are responsible for a high unemployment rate. This selected issues paper sheds considerable light on ways that Botswana can enhance inclusive growth and reduce the high level of structural...

The paper discusses the Joint Staff Assessment (JSA) of the Poverty Reduction Strategy Paper (PRSP) Progress Report for Honduras. The first PRSP Progress Report of the Government of Honduras presents a complete review of the government’s implementation of the PRSP to date and updates the...

This Poverty Reduction Strategy Paper (PRSP) was developed based on a long participatory process based on an institutional mechanism involving all socioeconomic development actors in the country. The annual review of the PRSP seeks to assess the results achieved in the implementation of the...

This book is intended to provide the user of debt statistics with a comparative description fo the statistics collected by the Bank for International Settlements, the International Monetary Fund, the Organization for Economic Cooperation and Development, and the World Bank. It discusses how...

This study takes stock of the institutional reform of monetary policy in Latin America since the early 1990s. It argues that strengthening the legal independence of central banks, together with macroeconomic policies, was instrumental in reducing inflation from three-digit annual rates in the...