Security and development remain inextricably linked in Afghanistan, with the poor security environment continuing to exert a significant constraint on confidence, investment, and growth. As a result, in 2015, the economy grew at only 0.8 percent. In addition to the security situation, adverse...

In Madagascar, donors have traditionally counted for almost half of the government's budget and have been, by far, the main source of funding in social sectors. Since the beginning of the crisis, official aid toward education, health, and social protection surged, reaching almost US

Russia has seen even higher oil windfall in the past few months, which translates into likely fiscal surpluses this year and next. The government should not miss the opportunity provided by a large oil windfall to substantially improve its long-term fiscal position, further reduce inflation,...