Economic policies over past years and decades have had negative impacts on living standards, the private sector and the environment, driving a deep crisis that is hitting ordinary Pakistanis…
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…
South Asia has a rich history of informal foreign exchange markets such as the well-known Hundi and Hawala . These informal networks play a significant role in traditional societies and informal…
South Asia, battered by three years of upheaval from the COVID-19 pandemic and spillovers from Russia’s invasion of Ukraine, faces a combination of good and bad news for its economies. On the…
The average Pakistani worker produces 40 percent more value added today than 30 years ago. Compare that to the average Vietnamese worker, who is 328 percent more productive today. Put differently…
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…
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…
In this blog, we highlight two projects that leveraged data-driven policymaking processes and simulations.
The World Bank's Global Tax Program explores the gender dimensions of tax systems, aiming to help developing countries formulate tax policies with a gender lens. Results from three countries…