Page: 1 of 336 1 2 3 4 5 6 7 8 9 10

Macroeconomic Developments and Prospects in Low-Income Countries - 2022

December 8, 2022
Russia’s war in Ukraine and the related fallout have created a challenging external environment for the post-pandemic recovery of low-income countries (LICs). Food and commodity prices linger at elevated level with worsening food security. Global financial conditions tighten as major economies are fighting against inflation. The delay in LICs’ income per capita convergence to that of advanced economies (AEs) is expected to last into the medium term.

How to Make the Management of Public Finances Climate-Sensitive–“Green PFM”

December 8, 2022
This How to Note develops the “green public financial management (PFM)” framework briefly outlined in an earlier Staff Climate Note (2021/002, published in August 2021). It illustrates, how climate change and environmental concerns can be mainstreamed into government’s institutional arrangements in place to facilitate the implementation of fiscal policies. It provides numerous country examples covering possible entry points for green PFM – phases in the budget cycle (strategic planning and fiscal framework, budget preparation, budget execution and accounting, control, and audit), legal framework or issues that cut across the budget cycle, such as fiscal transparency or coordination with State Owned Enterprises or with subnational governments. This How to Note also summarizes practical guidance for implementation of a green PFM strategy, underscoring the need for a tailored approach adapted to country specificities and for a strong stewardship role of the Ministry of Finance.

Venezuela’s Migrants Bring Economic Opportunity to Latin America

December 7, 2022
By promptly integrating migrants, the economies of host countries stand to increase their GDP by as much as 4.5 percentage points by 2030.

Page: 1 of 336 1 2 3 4 5 6 7 8 9 10