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…

Gunhild Berg, Mario Guadamillas |

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…

Raha Shahidsaless, Fernando Blanco, Stefka Slavova, Laureta Qorlazja |

The sharp rise in U.S. interest rates over the past year poses a significant threat to emerging markets and developing economies (EMDEs). Its monetary tightening on financial conditions and…

Carlos Arteta, Steven B. Kamin, Franz Ulrich Ruch |

This blog is a biweekly feature highlighting recent working papers from around the World Bank Group. It introduces 4 papers published from December 1-15 on various topics, including the impact of…

Marcelo Buitron, Policy Research Working Paper team |

Learn more about the potential of the sovereign green, social and sustainability bond market to mobilize private capital.

Farah Imrana Hussain, Helena Dill, Banu Turhan Kayaalp |

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…

Pierre Bachas, Chiara Bronchi, Thiago Scot, Claudia Vargas |

In this blog, we highlight two projects that leveraged data-driven policymaking processes and simulations.

Kerina Wang, KCP Program Management Unit (KCP PMU) |

In the presence of credit constraints, the effect of increased trade openness on wealth distribution depends on financial development in the economy.

Dheeraj Chaudhary |

This blog discusses the debate about the trade-off between investor protection in the private market and promotion of entrepreneurial activity.

Jiajie Xu |

Stock market participation decision in socially-connected counties could affect the focal county’s stock market participation decision.

Tim C. C. Hung |