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One objective of fiscal policy is to stabilize a country’s macroeconomic environment. Countercyclical fiscal measures intend to offset the effects of the economic cycle on a country’s economy. For…
Today, on the occasion of the World Youth Skills Day , we are pleased to announce the winners of the Blog4Dev 2021 competition.
Caribbean nations offer valuable lessons on how to mitigate the effects of shocks, like natural disasters and the COVID-19 pandemic, through more resilient public financial management (PFM)…
Effective management of state-owned enterprises (SOEs) can offer countries a layer of defense for fiscal resilience and sustainability when resources become scarce due to natural disasters.
“We are truly free, and as long as the tractor is working and helping us generate income, there’s no going back.” On my recent trip to Chad, I was impressed by the optimism and confidence of women…
As the world observes World Environment Day this week, we should be mindful that [[tweetable]]there will be more plastic in the oceans than fish by 2050 if nothing is done[[/tweetable]], according…
In Jamaica, about a quarter of electricity produced is stolen or “lost” through non-paying customers and/or accounting errors. Manual detection has failed to make a difference in reducing this…
On a recent trip to the Caribbean, I was in a meeting at the Ministry of Finance of one of the region’s largest economies. The topic under discussion was all too familiar: the difficulty of…
Photo: Simone D. McCourtie / World Bank In late June, we sent two of our bravest colleagues, Marta and Marcelo, on a daring mission into the Tundra, close to the Arctic Circle. Even though the…
Street scene in Delmas, Haiti “Plantain nu eat like rice” — a Caribbean saying roughly translated as “Make do with what is available to you” — applies to the region’s experience with public-…