This report presents an analysis conducted by the World Bank to assess macro-fiscal impacts of earthquakes and floods in European Union (EU) Member States (MS), analyze the financial instruments in place to manage this risk and identify any associated funding gaps. The analysis is underpinned by...

This note analyzes the evolution of Credit Information Systems, including the emergence of new technologies that use alternative data in credit decisioning and the opportunities and risks associated with these trends. This paper also predicts the potential development effect of these disruptive...

With an increasing share of populations dwelling in cities, urban emission reduction is gaining priority at the national level. A high share of greenhouse gas (GHG) emissions in the global footprint is ultimately attributable to urban areas; as such, the effect of carbon lockin further increases...

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 main objective of this toolkit is to provide technical advice and guidance to World Bank Group staff, donor institutions, government officials and other practitioners on the implementation of secured transactions law and institutional reforms in emerging market countries. However, the...

Many emerging markets and developing economies (EMDEs) face challenges in developing a vibrant domestic bond market. Only a few have developed such markets to a level of full maturity as Malaysia has. Although the overall size of most domestic corporate bond markets in EMDEs (in terms of...

The Country Opinion Survey in Macedonia assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Macedonia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral and bilateral agencies, media, academia,...

This note examines the implications of digital innovation for market structure and attendant policies, including financial and competition regulation. There have been several surveys of regulatory responses. This note takes a step back, to look at what the economic theory of banking and...

Following a decade of conflicts, Western Balkan countries accomplished robust economic growth in the 2000s. This growth pattern was domestic demand driven and externally financed, hence was hampered significantly by the global financial crisis and subsequent euro area debt crisis. Despite modest...

This Note provides guidance to securities markets regulators in emerging market economies (EMEs) about key regulatory issues that could affect the issuance of debt instruments for infrastructure financing over which they have some control. The Note focuses on three areas (placement regime,...