The purpose of this report is to study the risks that are responsible for local authorities' financial difficulties. It provides both a theoretical and an empir

The purpose of this report is to study the risks that are responsible for local authorities' financial difficulties. It provides both a theoretical and an empir

Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space.

A number of member countries have expressed interest in advice regarding disclosure and management of fiscal risks (defined as the possibility of deviations of

The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reform