International Monetary Fund

As our chart shows, four fragile states (Liberia, Malawi, Nepal, and Solomon Islands) achieved sizable increases in tax revenues over a decade—by between 7 and 20 percentage points of GDP. These experiences emphasize the importance of sustained tax r...

Last week, the President of the European Commission Ursula von der Leyen made an ambitious proposal. These goals are appropriately ambitious, while also realistic and achievable. To limit global warming to 1.5°C above pre-industrial levels—a level co...

Small and medium-sized enterprises dominate the business landscape in the Middle East and North Africa region. At the same time, easing labor restrictions to facilitate expatriates in highly technical areas can reduce the skill gaps in the near term....

In the face of unprecedented uncertainty and the severe economic impact triggered by COVID-19, the Fund continues to adapt its lending. However, some other measures—such as monetary budget financing—may risk undermining hard-won gains in policy makin...

Perhaps first among the many lessons of 2020 is that the notion of so‑called black swan events is not some remote worry. In other words, a recovery that raises resilience will not just save lives, but will also translate into higher living standards,...

As economies now look for paths to recovery from the COVID-19 crisis, new evidence reaffirms that policies for more open and trade-integrated economies could significantly benefit domestic competition and ultimately may help lower costs for consumers...