The market seems to impose a high-risk premium on infrastructure loans to countries with high inflation and to projects in the road sector. The success with which middle-income indebted developing countries have gained access to private international finance in the 1990s is a tribute to their...

The commission on growth and development was established in April 2006 as a response to two observations. While the author felt that the benefits of growth were not fully appreciated, the author recognized that the causes of growth were not fully understood. Growth is often overlooked and...

Efforts to reform utilities can affect poor households in varied, often complex, ways, but it is by no means certain that such reform will hurt vulnerable households. Many myths have been perpetuated in discussions of utility reform - and in many cases poor households have benefited from reform....