Corruption poses a significant threat to development and has a disproportionate impact on the poor and most vulnerable. Government agencies struggle to identify fraud and corruption in public expenditures. Risk assessments usually rely on manual analysis and follow-up on specific complaints or...

Since the global economic and financial crisis of 2008, Serbia has struggled with a weak economy and a deteriorating fiscal position. Until 2008, fiscal deficits were moderate and public debt declined significantly. Since the start of the global economic and financial crisis in 2008, however,...

The Lao People's Democratic Republic (Laos) is facing economic challenges. The country is experiencing a growth slowdown with high levels of public debt. Growing current expenditure and debt service obligations amid sluggish tax revenue led to a widening fiscal deficit in the early 2010s, which...

Natural disasters in APEC (Asia-Pacific Economic Cooperation) economies have significant impacts on the economy and daily lives of the population. To minimize those impacts, a comprehensive policy package is required, which covers the key strands of prevention, preparedness and response. The...

In recent years, as more and more regulators have begun to assume the role of supervision and oversight over credit bureau(s), the World Bank Group has supported supervisors in understanding and carrying out their duties as it relates to this role. The WBG has supported the development of the...

The World Bank (WB) has been monitoring closely the developments of fast payment systems (FPS) by central banks and private players across the globe. This comprehensive study of FPS implementations across the world has resulted in the design of a policy toolkit on the implementation of FPS, in...