Fiscal transparency is a vital requirement for effective fiscal policymaking. Budgets, including their underlying fiscal forecasts, must provide a clear statement of the government’s budgetary objectives and policy intentions. Credible budgets also require comprehensive, timely, and reliable...

Transparency and accountability in sector governance are basic and essential requirements to leverage the extractives (oil, gas, and mining) sector as an engine of economic growth in fragility, conflict, and violence (FCV) affected settings. Enabling them involves two vital steps. Transparency...

The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Economists, public finance professionals, and policy makers working in such countries are frequently confronted with issues that require an in-depth understanding of the sector; its...

El sector de las industrias extractivas (IE) ocupa un lugar considerable en las economias de muchos paises en desarrollo. Los economistas y los profesionales de las finanzas publicas que trabajan en estos paises suelen enfrentarse a problemas que exigen un entendimiento profundo del sector, su...

Le secteur des industries extractives (IE) occupe une place demesuree dans les economies de nombreux pays en developpement. Les economistes et les specialistes des finances publiques qui y travaillent sont frequemment confrontes a des problemes qui requierent une connaissance approfondie du...

The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Economists, public finance professionals, and policy makers working in such countries are frequently confronted with issues that require an in-depth understanding of the sector. The...

The Mashreq region and, in particular, the countries of Iraq, Jordan, and Lebanon are facing major policy and fiscal challenges to growth and job creation. The Maximizing Finance for Development (MFD) approach aims to optimize the relationship between the public and the private sector.It would...

The PIM Assessment resulted in the establishment of an Action Plan to strengthen the system. Given weak institutional capacity and limited resources, the Plan should include quick-win options where possible, particularly in the early recovery phase. Evidence shows that the process by which...

A government's provision of complementary public goods, such as roads and bridges, facilitates the development of markets leading to long-term economic growth. Private enterprise, by itself, is unlikely to provide such public works. Likewise, a government's investment in social infrastructure,...