Since 2014, when the European Union last adopted its seven-year budget, the governments of Poland and Hungary have been captured by populists who have little regard for EU values and institutions. But while it stands to reason that the EU is considering a suspension of both governments’ funding, whether it should do so is not straightforward.
Most financial policy decisions are based on observed regularities in data, which makes the World Bank’s Global Findex database a goldmine for analysis. Beyond supporting evidence-based policymaking, the report also spurs healthy competition among countries in areas that ultimately improve citizens’ wellbeing.
Even before Russian President Vladimir Putin won reelection to another six-year term, there was growing speculation about how he intends to preserve his power and legacy after 2024. But with the nomination of Alexei Kudrin to the government’s central budgeting body, Putin’s long-term plan seems to be taking shape.
A driving force behind Donald Trump’s election as US president was the median household’s perception that it had been left behind by globalization and technological change. Fortunately, from an economist’s perspective, it isn’t difficult to think of proposals that would expand the economic pie and distribute the slices more equitably.
As in most other regions, trucks reign supreme on freight transport across the Western Balkans, a region that encompasses six countries including: Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro, and Serbia.
Like many African cities, Bamako’s population of 2.3 million is growing rapidly by roughly 5% a year. As people increasingly flock to the city, its road network is coming under increased pressure, especially when it comes to public transportation.
“The World Bank is one of the world’s largest producers of development data and research. But our responsibility does not stop with making these global public goods available; we need to make them understandable to a general audience.
When both the public and policy makers share an evidence-based view of the world, real advances in social and economic development, such as achieving the Sustainable Development Goals (SDGs), become possible.” – Shanta Devarajan
The recent joint UN-WB report on preventing violent conflict, Pathways for Peace, highlights the need for more inclusive efforts to proactively manage the risks of violence.
In the first part of this blog, I went down memory lane and told you about my teenage years and how my parents had managed to make sure I abstained from tobacco by offering to pay for a high school graduation trip if I did not take up smoking.