Bracing for Climate Change: Managing the Unavoidable and Avoiding the Unmanageable

Climate change is already happening: 900 extreme events were registered across the world last year and in Bulgaria, the frequency of natural disasters has increased significantly in the new millennium – with 10 major natural occurrences recorded between 2004 and

Read More

Achieving Green Growth in FYR Macedonia

World Bank presents its FYR Macedonia Green Growth Country Assessment The World Bank today presented its FYR Macedonia Green Growth Country Assessment, a report that aims to define the outlines of a green growth path and the initial steps for the country along

Read More

Measuring Wealth to Track Sustainability

The new edition of the World Bank’s Little Green Data Book, released on World Environment Day 2014, includes a new indicator called change in wealth per capita for more than 200 countries. The World Bank Group has adopted change in

Read More

World Bank Supports SME Development with Focus on Financial Reporting in Europe and Central Asia

Ministers of Finance, business leaders, accounting professionals, and academics from Europe and Central Asia, together with representatives of the World Bank and key EU and international institutions in financial reporting and auditing, met today in Vienna for the 5th Ministerial Conference of

Read More

Turkey’s Public Finances: Time for a Fiscal Policy Pivot?

New World Bank report recommends shift to more sustainable growth model. The World Bank today launched a new report, Turkey in Transition: Time for a Fiscal Policy Pivot?, at a conference held in Ankara in partnership with the Ministry of Finance and

Read More

UN Labour Report Shows Solid Return for National Investments in Quality Jobs

Developing countries that invested in quality jobs from the early 2000s grew nearly one percentage point faster every year since 2007 and were better able to weather the economic crisis than comparable economies, according to a new report by the

Read More

Nicholas Brady: Soccer Finance and the Pragmatist Who Fixed a Debt Crisis

Back in the days when a top-scoring soccer player could be enticed for a few million, Brazilian attacker Romario set a record when PSV put down all of six million dollars to have him play for the club in Eindhoven,

Read More

John Maynard Keynes – Keynesianism to the Rescue: It Still Works Wonders

When Steve Forbes rallies against someone, as he often does, the world takes (some) note: Libertarians and conservatives are apt to make noises of approval while all others suspect the object of Mr Forbes’ ire to be a person of

Read More

Restoring Public Confidence: Industrialising Delivery of Pension and Retirement Solutions

Over the past century, governments, as well as public and private sector pension and retirement providers, focused on expanding existing and introducing new systems with a core focus on payment of benefits. Strong investment performance limited the perceived need to

Read More

Jacques Delors: Despite Design Flaws Euro Success Assured

Hindsight may offer some comfort and solace from contemporary reality. It is thus that Jacques Delors – aka Mr Euro – concludes that Europe’s much-maligned common currency suffers from a few design flaws. Those imperfections may even have doomed the

Read More