For the Central Asia region, which is so commodity and remittance dependent, economic output will likely contract by 1.7 percent in 2020, according to the latest Economic Update for Europe and…

Lilia Burunciuc, Ivailo Izvorski |

Given that we appear to have reached a ’middling’ C+ PEFA rating for PFM performance across the world, can we continue to see further improvement – and how is this prospect affected by the massive…

Verena Fritz, Marijn Verhoeven, Stephanie Sweet, Parker Essick |

In 2017, the World Bank took a close look at trends in Public Financial Management (PFM) reforms to understand patterns and trends, and specifically, to explore if and how closely PFM performance…

Verena Fritz, Marijn Verhoeven, Stephanie Sweet, Parker Essick |

Nigeria is currently focused on ways to mitigate the health and economic costs of the COVID-19 pandemic and the simultaneous collapse of international oil prices.

Bayo Awosemusi, Sunday Esene Osoba |

The World Bank is supporting countries in modernizing their public financial management (PFM) and implementing financial management information systems (FMIS).

Ed Olowo-Okere |

Southern African countries had a tough 2019. The Government of Lesotho declared a national disaster as a result of the drought which left a fourth of its population facing severe food insecurity…

Barry Maher, Gracelin Baskaran |

Governments and tax authorities can use this period of tumult to demonstrate competence, fairness, and accountability to citizens and redefine the fiscal contract through smart and carefully…

Anna Custers, Roel Dom, Benjamin Holzman, Raul Felix Junquera-Varela |

Lower electricity consumption implies lower economic activity. The two are closely linked and with the help of some assumptions it is possible to provide an approximation of the economic costs…

Robert C M Beyer, Sebastian Franco Bedoya, Virigilo Galdo |

According to the World Bank’s latest economic update titled “What will be the new normal for Vietnam: the economic impact of COVID-19,” Vietnam is nonetheless in a good position to escape the…

Jacques Morisset |