The focus of the paper is on five key financial stability issues in Emerging market and developing economies (EMDEs), which have been selected on the basis of their degree of materiality for a reasonably broad range of EMDEs; their implications for regulatory, supervisory or other financial...

Mali is a vast, land-locked country in West Africa with a population of approximately 14.9 million, and a GDP per capita of USD 480. The economy is largely rural, with over two-thirds of the population living off agriculture, notably cotton. Gold is the country's largest export, though...

This study assesses the main spillover effects of the Libyan crisis on the Tunisian economy and estimates the crisis' overall social welfare and fiscal impacts on Tunisia. The authors consider four main effects on Tunisia: (i) the increased presence of Libyans in Tunisia (both short- and...

Strong poverty reduction in Latin America resumed with the growth rebound in 2010, as both moderate and extreme poor households benefitted from the recovery, accelerating poverty reduction to rates similar to those witnessed between 2003-2006 despite a 2.8 percent decline in Gross Domestic...

After falling out of fashion somewhat (Schmitz, 2006) there has been a resurgence of interest in conditional or results-based instruments over the last few years. Faced with increasing pressure on budgets and sometimes frustrated with the perceived ineffectiveness of development spending, policy...

This strategic framework serves to guide and support the operational response of the World Bank Group (WBG) to new development challenges posed by global climate change. Unabated, climate change threatens to reverse hard-earned development gains. The poorest countries and communities will suffer...