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...

The Palestinian health system suffers from chronic challenges related to protracted conflict and limited health system inputs, coupled with a high burden of non-communicable diseases (NCD). Over 75 percent of the disease burden is attributable to NCD, particularly cancers, diabetes,...

This note attempts to identify the factors associated with differences in overall school performance and efficiency. It draws on data from the Philippines Public Education Expenditure Tracking and Quantitative Service Delivery Study (PETS-QSDS), which tracked public education spending and...

The report summarizes the findings of an allocative efficiency analysis to support Senegal's national HIV response. Senegal has recently developed a National HIV Strategic Plan (NSP) (2014-17) and a Global Fund concept note (2015-17). The Government of Senegal would like to mobilize additional...

In 2016, the Government of Bulgaria (GoB) decided to initiate spending reviews (RS) to improve the efficiency and effectiveness of its spending in the context of a moderate fiscal consolidation process. Although Bulgaria has one of the lowest overall spending in the European Union (EU), spending...

This report, the full PER, aims to undertake a detailed analysis of the recent trends in publicexpenditures and revenue with a view to helping Mongolia's policy makers and opinion leaders identify the main priorities for a successful implementation of its ongoing recovery program. It also...

Armenia's fiscal performance has improved during the past two decades, supported by reforms. Revenue collection has converged with income and regional peers, overall spending levels have remained prudent, and debt levels remain sustainable. Fiscal policy has been counter-cyclical and progressive...

Eswatini's economy has been characterized by persistent low growth, high fiscal deficits, and unprofitable state-owned enterprises (SOEs). Without significant reform, the country is unlikely to achieve its socioeconomic aspirations, and poverty and unemployment are likely to remain high. These...