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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…
The Russian invasion of Ukraine threatens the uneven recovery of East Asia and Pacific. The invasion comes on top of the economic distress caused by the lingering COVID-19 pandemic, the financial…
Today, on the occasion of the World Youth Skills Day , we are pleased to announce the winners of the Blog4Dev 2021 competition.
“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…
East Asia Pacific’s (EAP) strong economic performance over the past few decades has significantly benefited and empowered women in the region, bringing better health and education and greater…
It takes a lot to do a first Public-Private Partnership (PPP) well. In the past 12 months, we witnessed the successful financial close of two landmark PPPs: the Tibar Bay Port PPP—a first for…
Students at Beijing Bayi High School in China. Photo: World Bank In 1950, the average working-age person in the world had almost three years of education, but in East Asia and Pacific (EAP), the…
Photo: UN Photo/Bernardino Suares In late 2011, as part of our Institutions Taking Root (ITR) series, my colleagues and I visited some of the most remote villages in Timor-Leste to seek feedback…
From August 2002, just months after Timor-Leste gained independence, to April 2006, I was the World Bank’s Country Manager for Timor-Leste and thus eyewitness to an unfolding state-building…
Travelling across Africa these days you are likely to run into increasing numbers of mining, oil, and gas industry personnel engaged in exploration, drilling, and extraction across the continent. …