This paper explores that in developing economies, sufficient tax revenue is necessary to finance spending on health care, education, and infrastructure-all of which are prerequisites for economic growth and development. However, it is not simply the revenue ratio that matters; the quality of the...

This note highlights commonly observed weaknesses in the management of government guarantees, good practices, and measures governments could take to strengthen: (i) the evaluation of guarantee proposals; (ii) the quantification of risks arising from guarantees and their mitigation; and (iii) the...