As the spread of COVID-19 expands in less developed countries, policymakers will face an additional challenge that was largely absent in more developed economies – the informal sector.

Gemechu Ayana Aga, Filip Jolevski, Silvia Muzi |

Recent World Bank investment climate surveys find that the top two constraints for small and medium enterprises (SMEs) in Africa are access to finance and access to energy. Given that SMEs…

Simon Bell, Malcolm Cosgrove-Davies, Jonathan Coony |

In a study of 137 countries, on average, firms reported that 14% of public transactions, such as dealing with utilities, permits, licenses, and taxes, involved the request of a gift or informal…

Tariq Khokhar |