This paper analyzes results of a survey on debt management strategies conducted by the Banking and Debt Management Department of the World Bank. The analysis focuses on (1) whether a public debt management strategy exists in a given country, (2) whether it is made public, and (3) in which form...

The authors investigate the impact of the menu approach to debt rescheduling on the market value of two major creditors: U.S. and Japanese banks. They try to understand how major creditor banks are affected by debt reschedulings and the menu choices they make, so that debt deals can be...

Developing countries have been quite successful at expanding school enrollment, especially at lower levels. But for any given level of educational efficiency, increased enrollments require inreased resources, in order to maintain quality. If those resources are not forthcoming, the increase in...

The author constructs a model that captures the two-way nature of the relationship between financial and economic development - and allows societies at different levels of economic development and with different policies to choose different financial services. In this model, various types of...

The authors present new estimates of educational attainment in 71 developing countries for the years 1985, 1990 and 1995. They also project levels of educational attainment through the year 2020 by using the United Nations Educational, Scientific, and Cultural Organization's projections of...

The widespread financial crisis in East Asia caused large economic shocks, which varied by degree across the region. That crisis provides a unique opportunity for investigating the factors that determine the use of bankruptcy processes in a number of economies. The authors study the use of...

This paper evaluates the Profamilia's outreach effort of 1986. Profamilia is an affiliate of the International Planned Parenthood Federation and provides more than 60 percent of Colombia's family planning services. This paper focuses around the question of Profamilia's ability to provide more...

This report analyzes the equity effects of public subsidization of private schools in Cote d'Ivoire, updates previous analyses, and attempts to assess how efficiently public spending is targeted. The subsidy per student in private (and public) schools increases at higher quintiles. Students from...

What are the prospects for economic development in lagging sub-national regions? What are the roles of public infrastructure investments and fiscal incentives in influencing the location and performance of industrial activity? To examine these questions, the authors estimate a spatial profit...

Because of concern that OECD tariff reductions will translate into worsening export performance for the least developed countries, trade preferences have proven a stumbling block to developing country support for multilateral liberalization. The authors examine the actual scope for preference...