Croatia, a founding member of the former Republic of Yugoslavia and a current member of the European Union (EU), is a high-income country in Europe and Central Asia. Given that high quality financial reporting promotes good corporate governance, reduces uncertainty and risk, can help to lower...

This report was developed as part of the technical assistance program 'Phase 2 - Economics of Prevention and Preparedness (EDPP) in European Union (EU) Member States (MS) and Countries under EU Civil Protection Mechanism' (UCPM). The report has been prepared for the Directorate-General for...

The Europe and Central Asia (ECA) Education Team's vision is for education systems to empower all to reach their full potential. In line with this vision, the purpose of this guidance note is to provide recommendations and policy advice for decision-makers on potential education responses to the...

The Eastern Partnership (EaP) is a joint policy initiative, which aims to deepen and strengthen relations between the European Union (EU) and its six Eastern neighbours. One of its four priority areas is stronger connectivity which includes the extension of the Trans European Transport Network...

Governments play a critical role in the economies of Europe and Central Asia, where government expenditures are close to 40 percent of gross domestic product and the public sector accounts for nearly 27 percent of total employment, which is almost twice the global average. The public sector...

Since February 2022, geopolitical events have made clear Europe's need to diversify its energy sources and avoid excessive dependence on fossil fuel imports. The drop in Russian natural gas flows to Europe in 2022 marked the single largest supply shock in the history of global gas markets. It...

This report reviews Europe's experience in spearheading CE policy. Its aim is not only to highlight its features and accomplishments, but also identify existing barriers to future progress and key measures to overcome them. Its objective is dual: contributing to CE policy development within the...

This companion piece to the Fall 2022 ECA Economic Update provides an overview of the policy options available to countries to respond to the energy price shock and examines how this crisis could harness the clean energy transition to enhance collective energy security. The options to support...

The objective of this note is to provide insights into the potential effect of the adaptation protocol (AP) on imports of European Union (EU) agricultural, food and fisheries products into Bosnia and Herzegovina (BiH). We adapt and calibrate the Tariff Reform Impact Simulation Tool (TRIST), a...