The finances of the Czech Republic pension system have deteriorated markedly in recent years and the aging population will add further strains in the future. The system is also burdened by significant distortions anf disincentive effects. This paper assesses the current pay-as-you go (PAYG)...

This paper describes the characteristics of public investment management (PIM) in seven EU countries as it applies to a single sector-transport infrastructure. The report highlights some of the common challenges that four relatively new EU member states-Poland, Slovakia, Slovenia, and...

This report concerns recent pension reforms in Europe. Over the last decade, pension reform has been a major issue on the political agenda across Europe. All European countries are profoundly affected by aging populations resulting from lower fertility and increased life expectancy. In order to...

In this paper we review the theory and international evidence on the links between public finances and growth, including through the link between taxation, employment, and investment, and look at the evidence on these relationships in the EU8 countries over the past decade - both at the...

This report concerns recent pension reforms in Europe. Over the last decade, pension reform has been a major issue on the political agenda across Europe. All European countries are profoundly affected by aging populations resulting from lower fertility and increased life expectancy. In order to...

Egypt is in a precarious economic situation reflecting a difficult external environment, political uncertainty, and weak economic policies. International reserves have been declining rapidly to a low level, driven by a sizeable current account deficit and large capital outflows. Large spending...