This paper develops new error assessment methods to evaluate the performance of debt sustainability analyses (DSAs) for low-income countries (LICs) from 2005-2015. We find some evidence of a bias towards optimism for public and external debt projections, which was most appreciable for LICs with...

Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses...

Cover -- Title -- Copyright -- Table of Contents -- Chapter 1 Global Outlook: Subdued Growth, Shifting Policies, Heightened Uncertainty -- Summary -- Major economies: Recent developments and outlook -- Global trends -- Emerging and developing economies: Recent developments and outlook -- Outlook...

This study focuses on the local and regional impact of large-scale gold mining in Africa in the context of a mineral boom in the region since 2000. It contributes to filling a gap in the literature on the welfare effects of mineral resources, which, until now, has concentrated more on the...

Somalia is emerging from 25 years of political instability and economic difficulty but hard data islacking for evidence-based planning. The civil war and ongoing conflict that started in 1991 fragmented the country, undermined political institutions, and created widespread vulnerability. The...

This book proposes a renewal of 'Open Regionalism' in Latin America and the Caribbean (LAC) aimed at achieving the region's goals of high growth with stability. The LAC region experienced a growth spurt with equity during the first decade of the 21st Century. It is well understood that an...

Urbanization in East Asia and the Pacific has created enormous opportunity for many. Yet the rapid growth of cities can also create challenges as national and local governments try to keep up with the needs of their growing populations. Among these challenges is a lack of affordable housing,...

The region's growth outlook for 2017-19 remains broadly positive. China's growth moderation and rebalancing are expected to continue. In the region's other large developing economies, growth is projected to pick up slightly. Poverty has continued to decline in most countries and is projected to...

"Cover" -- "Title" -- "Copyright" -- "Table of Contents" -- "Acknowledgments" -- "Abbreviations" -- "Chapter 1 Global Outlook: A Fragile Recovery" -- "Summary" -- "Major economies: Recent developments and outlook" -- "Global trends" -- "Emerging market and developing economies: Recent...