Kazakhstan and Uzbekistan. Rapid increase in defaults poses a threat to financial stability of the two economies. From a social standpoint, excessive debt can decrease households’ disposable…
State-owned financial institutions (SOFIs) are often associated with poor corporate governance, political interference, crowding out of private sector resources, higher non-performing loans (NPLs…
Catastrophe bonds, also known as #catbonds, brings diversification to investment portfolios and provides robust performance in good and bad times. What could a cat bond for a Central Asian country…
Banking supervisors in Central Asia need to be prepared for a potentially sharp rise in NPLs. A recent World Bank policy paper assesses the NPL resolution framework in four Central Asian countries…
In a striking example, Albania has shown how the tourism sector can drive economic development. Following the country’s turbulent economic and political transition in the 1990s, tourism was…
What happens if Kazakh oil and fossil fuel extractive industries cannot refinance their debt in the greening offshore markets? And what could be the implications of that for the country’s just…
Learn more about the potential of the sovereign green, social and sustainability bond market to mobilize private capital.
The 4th World Bank Tax Conference exposed the magnitude of the challenge to build equitable tax systems via policies that improve compliance of the very wealthy. This blog highlights a summary of…
Kazakhstan can set the foundations for green finance that would serve its carbon emission goals—helping to ensure a more sustainable and inclusive future for all Kazakhstanis.
In this blog, we highlight two projects that leveraged data-driven policymaking processes and simulations.