Over the past decade, a large number of low- and lower-middle income 'frontier economies' have begun to access international private capital markets to meet fiscal financing needs. In this paper we seek to identify drivers of this trend, identify associated risks, and present policy implications...

This note outlines some of the major gains that have been achieved in Afghanistan since the US-led intervention in 2001. The analysis is informed by comparisons to development progress and outcomes in other low-income countries over the same period. Afghanistan remains mired in conflict and...