Bhutan has shown remarkable economic performance over the last two decades. Growth during the second half of the 1990s was particularly strong, with annual Gross Domestic Product (GDP) growth averaging 6.5 percent. A large part of this performance has been supported by generous inflows of...

This report assesses the role of fiscal rules for countercyclical economic management in Kazakhstan and simulates the behavior of different types of fiscal rules. The work represents technical assistance to the ministry of economy and budget planning and has been financed by the joint economic...