Following two decades of relatively rapid growth, and a decade of liberalization, there is growing confidence within India, as well as internationally, about the state of the economy, and India's development potential. Nonetheless, and particularly since the late nineties, when India's states...

Both central and state governments have carried out significant correction of financial imbalances since 2000, through the implementation of fiscal reforms including enactment of fiscal responsibility (FR) acts. However, the improvement in the finances of all states in aggregate hides wide...

This Poverty and Social Impact Analysis (PSIA) explores the distributional effects of a package of fiscal reforms initiated by the Government of Jamaica and supported by the World Bank under the programmatic fiscal sustainability Development Policy Loan (DPL) series. The DPL series supports...

This Report discusses the challenge of budget financing of core structural reforms, within a broader framework of fiscal management reforms in Russia. It argues that explicit financing of structural reforms is fully justifiable because these are the investments in the institutional...

The overall objective of this comprehensive report is to consider Rwanda's budget support in the context of its overall public expenditure and resources to: (a) provide an overview of Rwanda's experience with budget support, reform measures, and its progress of budget harmonization, (b) provide...

The overall objective of this comprehensive report is to consider Rwandaâ??s budget support in the context of its overall public expenditure and resources. The report reviews the countryâ??s general budget support relevance, rationale, and outstanding challenges by providing a historical...

The Mongolian cashmere industry has experienced a series of booms and busts over the last decade. Unsatisfactory public sector policies contributed to this result. External factors such as the unfavorable economic environment of the early 1990s, the East Asia crisis, and weather conditions have...

Serbia needs to transition to a greener growth model for internal and external reasons. Internally, Serbia's economy is still characterized by low energy and resource productivity, with significant impacts on health and the environment. As a candidate country for EU membership, Serbia also needs...

The Economic Monitor examines four possible factors behind Tunisia's slow recovery. First, the drop in mobility related to the pandemic may have been more harmful in Tunisia. However, mobility in Tunisia has dropped to a similar extent as other countries and it has now returned to pre-pandemic...