Policy makers have long used investing in public infrastructure as a means of reducing geographical disparities and promoting growth. The goal of this paper is to provide insights to development practitioners on designing interventions to maximize the development impact of infrastructure. For...

The systematic country diagnostic (SCD) covers a group of nine small Pacific Island countries (PIC-9) - Kiribati, Marshall Islands, the Federated States of Micronesia, Nauru, Palau, Samoa, Tonga, Tuvalu, and Vanuatu. The document updates the previous SCD, completed in 2016, and assesses the...

Ce Mémorandum économique du pays (CEM) contribue au programme de diversification dugouvernement dans la mesure où il définit et préconise des politiques et des réformes clés pour jeterles bases d'un « développement plus diversifié » au Congo en appui à une croissance économique...

Kenya's economic performance softened in 2022, steering towards country's long-term growth rate. Real GDP expanded by 4.8 percent in 2022, a deceleration compared with the strong rebound from the Covid-19 crisis at 7.5 percent annual growth in 2021 but broadly aligned with growth rates of...

What does the macroeconomy look like in the aftermath of tariff changes This study estimates impulse response functions from local projections using a panel of annual data that spans 151 countries from 1963 to 2014. Tariff increases are associated with persistent, economically and statistically...

This document begins with a description of HECCA. This is followed by an overview of the private sector enabling environment in Rwanda and a review of the private sector's, current and potential roles in the country's water sector. Next, the report describes in detail the development and...

This paper studies the volatility of fiscal policy in a large sample of countries with a focus on emerging markets and developing economies and commodity exporters over 1990-2021. The findings show that fiscal policy has been more volatile in emerging markets and developing economies than in...

This paper examines the role of a country's data transparency in explaining gross domestic product growth forecast errors. It reports four sets of results that have not been previously reported in the existing literature. First, forecast errors-the difference between forecasted and realized...

This regional analytical activity will contribute to knowledge on the technical, operational, and financial viability and strategic partnership required among ASEAN countries to strengthen coordinated investments on the vaccine value chain. The ASA has three major activities: i) A deep-dive...