Co-Authors: Aleksandra Iwulska, Javier Eduardo Báez and Alan Fuchs In April this year the Dominican Republic borrowed 1.25 billion US dollars on international markets in 30-year bonds. The DR is…

Miguel Eduardo Sánchez |

Access to formal financial services has been expanding in recent years.  But as people start to use these services for the first time, it has become clear that the challenge is not only providing…

Miriam Bruhn, Rekha Reddy |

As a counterpoint to grim forecasts coming out of Europe, I am hopeful that we can anticipate an Asian century where China will grow dynamically for another 20 years. Yet there are caveats to this…

Justin Yifu Lin |

Given the urgent need for policymakers in Europe and other advanced economies to tackle current debt challenges, there is a frantic scramble for suitable policy tools that will help resolve the…

Vamsee Kanchi |

China’s massive stimulus spending has raised widespread concerns about local government finances. Local governments have ramped up infrastructure spending since late 2008, while they are also…

Louis Kuijs |

I have received many encouraging responses to my first blog. Thank you. This time, let's look at Indonesia's budget. Last year, Indonesia's budget reached the magical threshold of…

Wolfgang Fengler |