Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
The issue of debt sustainability has been the focus of continued theoretical and practical interest over the years. In emerging markets,…
In the face of the trifecta of fiscal adversity currently facing governments as
a result of the COVID-19 pandemic, this report brings good…
Governments across the world regularly pursue reforms that achieve less than was originally expected or is needed to make the state…
The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon. At…
Book abstract: In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic…
Little is written about the critical success factors that make or break a project implementing a public financial management reform in…
Successful public sector reform is rare in Africa. Over twelve years, Ethiopia transformed its public financial management (PFM) to…