Carbon prices are needed to incorporate climate change costs into economic decision making. Carbon pricing should be included as part of a broader arsenal of tools to achieve domestic climate targets, but it is not a silver bullet: other policy instruments and investments (for example, public...

Welcome to the Spring 2019 edition of the World Bank's Madagascar Economic Update, which presents recent economic developments and our medium-term outlook. The economy has continued to perform well, with growth in 2018 estimated at 5.2 percent, above regional and global averages. External demand...

Implicit contingent liabilities, such as those generated by natural disasters, are often not quantified in the government balance sheet. However, when they materialize, they place pressure on government finances that may raise interest expenditures and financial risks. Understanding the impacts...

The Kenyan government remains committed to a planned fiscal consolidation pathway, which should help contain public debt stock at a sustainable level. Nonetheless, there are significant challenges stemming from a slowdown in revenue collection, a growing demand for transfers to county...

Breakthroughs in information and communication technology (ICT) increasingly offer new tools to support disaster risk management (DRM). Due to the rapid advancement of computing and communication devices, ICT's capacity to improve the DRM framework became a critical factor to strengthen...

The Coronavirus 2019 (COVID-19) crisis is unique and requires tough policy choices for managing the public sector wage bill to best achieve the difficult balance between fiscal consolidation, protection of lives and livelihoods, service delivery, and job restoration. In the emergency phase, the...

This document is intended for use by government agencies in emerging markets and developing economies (EMDEs), in order to assist them in incorporating climate-related risks and opportunities in the preliminary preparation stages of renewable energy (solar and wind) infrastructure projects...

This toolkit contains a set of tools covering the major climate entry points (identification of risks, incorporation of climate considerations in the project selection, and appraisal of climate effects in the project's economics), using as inputs the preliminary project data as well as readily...

The toolkit contains three modules covering the major climate entry points (i.e., alignment with climate policies; incorporation of climate considerations in the project selection; and appraisal of climate effects in the project's economics and financing), followed by a fourth module that...

In recent decades, the Chinese government has placed great importance on developing agriculture and rural areas, adopting policies, and increasing public expenditures targeting these. China's agricultural policies and support mechanisms have evolved, responding to emerging challenges and...