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Getting to 15 percent: addressing the largest tax gaps

Raul Felix Junquera-Varela's picture
Photo: Tony Webster/Flickr. Graphic: Nicholas Nam/World Bank
Tax revenues above 15 percent of a country’s gross domestic product (GDP) are a key ingredient for economic growth and, ultimately, poverty reduction.

Achieving trillions out of billions

Bertrand Badré's picture


The release of the joint statement “From Billions to Trillions: Transforming Development Finance” at the World Bank-IMF Spring Meetings is one of the most satisfying moments during my two-year tenure as Managing Director and World Bank Group CFO.

My one regret is that the title should have been Billions for Trillions.

Why?