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Finance Banking Featured News World

Beyond fragmentation: Building self-reliance in a shifting aid landscape

The global development landscape is undergoing seismic shifts. Foreign aid, a critical lifeline for billions, is shrinking, after becoming fragmented at an alarming rate over the last two decades. At the same time, more than half of low-income countries are deep into or teetering on the brink of debt distress, with median public debt soaring from 20 […]

Economy Featured Finance News

Do governments adhere to their approved budgets? Insights from PEFA assessments

Why budget reliability matters Accurate revenue and expenditure forecasting is crucial for effective budgeting to ensure that governments can adequately plan for public services, infrastructure projects, and social programs without unexpected shortfalls. When forecasting is not accurate, governments may not be able to achieve fiscal stability and deliver on policy priorities. In this blog, we try […]