Economic shocks can be painful and destructive, especially in fragile countries that can get trapped into a cycle of conflict and violence. Effective policy responses must be implemented quickly…

Utz Pape |

School children in Kingston, Jamaica. Strong public financial management affects all facets of government spending, including education. Photo credit: UN Photo/Milton Grant  Finance ministers,…

Samia Msadek |

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 |

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 |

El viaje en barco desde Port Elizabeth a Kingstown, en el país caribeño de San Vicente y las Granadinas, es un trayecto de una hora que los lugareños hacen varias veces al día. Durante uno de…

Valerie Lorena |

Prior to about 2005, for many tourists their Jamaican vacation was ruined at the last minute, by the hot and overcrowded conditions inside Montego Bay’s Sangster International Airport. Fast…

S. Brian Samuel |

The SAFE Trust Fund application (Word document) is now open until 27 February 2015.  What is SAFE?   SAFE means Strengthening Accountability and the Fiduciary Environment. It is a Trust Fund group…

Soukeyna Kane |

It’s hard to get a break in the Europe and Central Asia region, it seems – even a short one. Hit hard by the troubles in the Eurozone at the beginning of the decade, emerging and developing…

Aurora Ferrari, Ilias Skamnelos |

​Small and medium sized companies are the backbone of Latin America’s economy. They represent more than 90 percent of all enterprises in the region, generating over half of all jobs and a quarter…

Irene Arias |