Macroeconomics and Fiscal Management

When the COVID-19 lockdown measures began, international organizations predicted a massive decline in remittances to developing countries. However, when the first 2020 figures became public…

Creating new jobs is one of the biggest challenges facing low- and middle-income countries. This blog assesses the short-term impacts of two innovative interventions to enhance private sector…

This World Bank report suggests that, in many countries, policy-makers ability to stabilize their public debt ratios through fiscal tightening may be restrained by budget rigidities that predated…

Lessons learned from other countries show that successful fuel subsidy reform requires 3 Cs: credible commitment, consensus, and coordination – and underpinned by a 4th C – communications.

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…