Croatia has made significant economic progress since independence, but the global financial crisis has exposed weaknesses in its economy and growth model. While growth has resumed in 2015, income convergence has been thrown back by the crisis and by the prolonged recession that followed and is...

This report takes an in-depth look, from a policy perspective, at the trade-offs between increasing tax collection and improving the equity of the fiscal system. As part of this effort, the report places the Peruvian tax system in an international context and considers the key challenges the...

The objectives of a well-designed pension system are poverty reduction in old age and income smoothing throughout an individuals' lifetime. Over the last thirty years, changing demographic trends have caused a shift from 'pay as you go' and occupational defined benefit (DB) schemes - where the...

This report focuses on pension system greening and aims to provide data-driven recommendations to orient climate-aligned investment practices. In order to undertake a holistic analysis, this report consists of the following sections: a literature review outlining the need to green the global...

The global housing deficit in both developed and developing countries is increasing - driven by demographic and other mega-trends including urbanization and income inequality. Global pension fund assets, on the other hand, are both growing and increasingly looking for long-term, productive...

Poland's capital markets can play a crucial supporting role to the ongoing economic development and efficient allocation of credit. Capital markets will become increasingly important to meet the long-term funding needs of strategic sectors, including large, medium and small entities. Expansion...

There are compelling reasons for asset owners - in particular large pension funds and sovereign wealth funds - to adopt sustainable investment, and for governments to support them in these endeavors. First, asset owners have a key role to play in providing the capital that supports national...

The note describes Namibia's approach to support domestic economic development via mandating investment of a percentage of the large pool of local institutional capital in alternative financing vehicles within the context of an underdeveloped capital market. Namibian approach diverges from...