After Uganda enjoyed two decades of strong growth and poverty reduction in the 1990s and early 2000s, its economy slowed down, and social progress decelerated amid a steady increase of the population. Several constraints continue to undermine progress and social and economic transformation in...

Over the past twenty years, fiscal policy has become one of the three pillars of macroeconomic stability for Colombia, the other two being the flexible exchange rate and inflation targeting. The credibility and sustainability of fiscal policy is the result of strong institutions (in particular,...

The Ecuador public finance review (PFR) series responded to a request from the Ecuadorian Ministry of Economy and Finance (MEF) to assess the efficiency and effectiveness of public spending. The PFR series offers a combination of analysis, capacity building, and options for reform in selected...

Bulgaria has traditionally adhered to fiscal discipline and prudent fiscal policy since the introduction of its currency board arrangement in mid-1997. After a gradual decline in the 2000s, public debt has remained among the lowest in the European Union (EU), hovering in a narrow band between 17...

The images of flattened buildings and tent cities that dominated the news following the Haitian earthquake of January 12, 2010 triggered an emergency response from the global aid and development community. Foreign governments, multilateral organizations including the World Bank, and NGOs...

Following general elections in Liberia in 2017, a new government was formed with a mandate to achieve ambitious development objectives. Following a nationwide consultative process, the new medium-term national development plan, Pro-Poor Agenda for Prosperity and Development (PAPD)-2019-2023 was...

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...

Carbon pricing is increasingly recognized as an important source of government revenue. Carbon revenues can be crucial in supporting cost-effective climate mitigation, industrial competitiveness and other economic and development objectives. How carbon revenues are used and how these uses are...

Having implemented a substantial fiscal response to COVID-19, Thailand's government now faces the medium-term challenge of reducing elevated deficit and debt levels, and the structural challenge of meeting rising spending needs, including those associated with an aging population, while...

This Public Expenditure and Revenue Review (PERR) identifies Burkina Faso's key public spending and revenue challenges and proposes solutions to develop more effective and transparent fiscal policies. The review, carried out by a World Bank team with inputs from the Government of Burkina Faso,...