Many poor countries are now discovering valuable non-renewable natural resources. Unlike most other sources of tax revenue, the government revenues from the depletion of these resources are both unsustainable and volatile. Each of these features implies that the savings rate appropriate for...

The financial sector is becoming more important because of the natural resource booms. The taxation of natural resource exports will generate large increases in revenues and this will transform the ability of governments to borrow in the markets for sovereign debt. These constitute temporary...

The financial sector is becoming more important because of the natural resource booms. The taxation of natural resource exports will generate large increases in revenues and this will transform the ability of governments to borrow in the markets for sovereign debt. These constitute temporary...

In many African countries a market for private provision of formal sector mass housing is largely absent. This is not inevitable, but is the consequence of policy failure surrounding five key issues. The affordability of housing, with costs often inflated by inappropriate building regulations...

In many African countries a market for private provision of formal sector mass housing is largely absent. This is not inevitable, but is the consequence of policy failure surrounding five key issues. The affordability of housing, with costs often inflated by inappropriate building regulations...

1. IntroductionNecessarily, all donors will focus increasingly on fragile states. The more successful countries in Africa have achieved growing tax bases and are consequently now gaining access to global capital markets.  For such countries, aid is becoming marginal. In contrast, fragile...

1. IntroductionNecessarily, all donors will focus increasingly on fragile states. The more successful countries in Africa have achieved growing tax bases and are consequently now gaining access to global capital markets.  For such countries, aid is becoming marginal. In contrast, fragile...