Bond financing has replaced bank loans and other sources of capital flows as a major source of funding for emerging markets. This shift has been particularly impressive in Latin America. Disentangling the dynamics of emerging bond markets and the information flow about them has attracted the...

Growth will accelerate for net oil exporters and weaken slightly for oil importers, strengthening the trends projected in African Economic Outlook 2006. For the oil importers, moreover, inflation is moving to double-digit levels. Budget deficits in oil-importing countries appear to have...

The Centre has highlighted in particular four areas where OECD countries can make a difference: maintaining a stable macroeconomic environment with affordable interest rates; helping to mitigate risks; enhancing trade opportunities through improving the coherence of their own policies ;and...

Education is one of the most important drivers of economic growth. The benefits of education go beyond the academic, contributing to economic objectives such as growth and productivity, as well as to social goals such as health and social cohesion. In a highly competitive, globalised world...

Transport infrastructure has been dangerously neglected in recent times. Lack of transport infrastructure impedes economic integration and poverty reduction. Involving the private sector in financing the transport infrastructure is proving harder than anticipated.

Fast-growing African countries are attracting private equity and risk capital as never before. The conditions attracting private investors are likely to improve.

The financial crisis should give a new impetus to governments’ efforts to improve aid effectiveness. Over the last few months, the governments of OECD countries have pledged trillions of dollars in loans, guarantees, capital injections, and other assistance in their coordinated effort to prop...

With concern about how to finance the Millennium Development Goals (MDGs) widespread, recent donor pledges to raise aid volumes are welcome. However, aid alone will not suffice – bringing in new actors and sources of development finance will be essential. In many developing countries, this is...

. Political commitment is the key ingredient needed for economic take-off and long-term growth. Poor countries will be unable to escape the vicious circle of poverty unless they and the international community join forces. . Inappropriate financial policies can lead to a decline in and poor...

• There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in...