India's financial system has withstood the pandemic well and has become more resilient since the 2017 FSAP. Nonbank financial institutions (NBFIs)-especially nonbank financial companies (NBFCs) providing credit with wholesale financing-and market financing have grown, making the financial system...

This paper examines the redistributive impact of fiscal policy-specifically taxes and transfers-on poverty and inequality in eight countries in the Middle East and North Africa: the Arab Republic of Egypt, Djibouti, the Islamic Republic of Iran, Iraq, Jordan, Morocco, Tunisia, and the West Bank...

This study uses the 2021 wave of the FINRA National Financial Capability Study dataset to examine the association between large and unexpected income drops experienced by individuals during the COVID-19 pandemic and an individual's use of stimulus checks to settle debt obligations. This study...

This paper focuses on the Republic of Azerbaijan's Financial Sector Assessment Program as part of Financial System Stability Assessment. Azerbaijan's economy has recovered from two downturns prompted by the collapse of global oil prices in 2015 and coronavirus disease 2019 pandemic in 2020. An...

With the Green Deal and the energy crisis caused by Russia's war in Ukraine, the EU has accelerated the transition towards importing renew able energy, including green hydrogen, from North Africa. EU decision-makers portray the energy transition as a win-win situation, while civil society actors...