International standards and best practice supports the implementation of a risk-based solvency regime in the regulation and supervision of insurers. Several emerging market and developing economies are transitioning to such a solvency regime or planning to do so. This paper discusses Kenya,...

Economic activity is decelerating, and inflation pressures are receding. The fiscal deficit is expected to register a substantial increase in 2024. Mexico maintains sizable buffers, a strong external position, and effective financial oversight. A range of supply-side reforms will be needed to...

We study the impact of fossil fuel subsidy removal on presidential popularity using difference-indifference approaches and a stylized theoretical model. Analyzing macro level data for two subsidy removal events in Mexico and Bolivia in the early 2010s, we find evidence of a negative impact on...

This document evaluates the impact of electricity subsidies on electricity consumption in Brazil, Argentina, Colombia, and Peru. To do this, this paper uses a Regression Discontinuity Design (RDD) to estimate the impact of the social tariff coverage policy on household electricity expenditure....

Evidence that information campaigns help voters select better politicians is mixed. We propose that comparative performance information and public dissemination may moderate information's effects on electoral accountability, by respectively helping voters to identify malfeasance incumbent...

Dishonesty harms economic performance and growth. However, the literature on dishonesty has used almost exclusively samples from developed countries. In addition, previous studies present non-conclusive results on how concerns for others affect lying behaviour. In view of this gap in the...

Over the last three decades, Total Factor Productivity growth in Latin America has disappointed and informality persisted. To shed light on this outcome, we exploit a unique database (by Latin American standards) for Mexico, a country where manufacturing exports grew from 7 to 33 per cent of...