To reinvigorate growth in Europe, European Central Bank President Mario Draghi called for more common projects in the European Union (EU). And he emphasized that these efforts need to meet a set…

Doerte Doemeland, Arup Banerji, Sanja Madzarevic-Sujster |

When development practitioners such as ourselves think of poverty, the EU is not what comes to mind first. While it is true that average incomes are higher in Europe than in most regions of the…

Doerte Doemeland, Gabriela Inchauste |

Understanding Macroeconomic Volatility: Part 2 The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Volatility in financial markets gets wide attention in the public eye. Less noticed is what we in the development world call macroeconomic volatility—faster-than-desired swings in the broad forces…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

[[tweetable]]What’s a major challenge for Romanian taxpayers?[[/tweetable]] They spend hours waiting in line at tax offices.   In March 2014, with support of the World Bank, a Delivery Unit (DU)…

Andrea Sitarova, Alberto Leyton |

A team of NAFA young professionals receives an award in recognition for their work to help Romanians register and pay taxes online [[tweetable]]Nobody likes paying taxes.[[/tweetable]] But taxes…

Ismail Radwan |

Also available in: Français | العربية   A boat trip from Port Elizabeth to Kingstown, in the Caribbean country of Saint Vincent and the Grenadines, is a one-hour trip that locals take several…

Valerie Lorena |

Sovereign difficulties have divided financial markets in the Euro area, thereby increasing differences in bank lending rates across countries. Policy makers in both Brussels and Frankfurt are…

Matija Laco |

Photo: ElishaCasas, Flickr Creative CommonsAn increasing number of countries are developing national strategies for financial education and implementing programs to enhance people’s financial…

Siegfried Zottel |

Eleven of the less prosperous members of the European Union – Bulgaria, Croatia1, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia (EU11…

Gallina Andronova Vincelette |