Lebanon is passing through the toughest economic and financial crisis of its history, starting in October 2019 and still ongoing. The country’s GDP has shrunk from $52 billion in 2019 to $22 billion in 2021, due to the combined impacts of regional politics, high levels of public waste and corruption, COVID-19, and the 2020 Beirut…
More than 2 million Venezuelans have migrated to Colombia since 2016, fleeing social, economic, and political hardship in search of employment and essential services. This massive population influx, coupled with sizeable numbers of Colombian returnees displaced by 50 years of armed conflict, has acutely strained public and private services and systems, particularly in urban areas…
Nora Kokaj is an applied economist experienced in economic policy research, public financial management, and tax policy and administration. She currently leads the public financial management improvement component of the Chemonics-implemented USAID Kosovo Economic Governance Activity. She previously served as an economic policy officer for the European Union Office in Kosovo, as well as an…
With today’s incredible advancements in technology, medicine, and industry, there has never been a better time in history to be alive. Yet universal gaps in income and wellbeing persist to a staggering degree, especially compared to the relative wealth and resources generated by the world economy. According to reporting by the World Economic Forum, the richest…
This post originally appeared in Foreign Policy’s April Issue. Mert Tangonan was stuck. It was 2017, and Tangonan, a native of the Philippines, wanted to persuade the country’s largest banks to accept digital payments. With 99% of the transactions conducted in cash or checks across the nation’s 7,000 islands, the banks had little incentive to…
The Pakistan Investment Promotion Activity (IPA) is funded by USAID to support investment in Pakistan by attracting investors, assisting their entry and establishment in the country, securing their retention, and fostering links internally. The activity has four principal objectives. These include addressing the business-enabling regulatory environment for investment promotion, reforming institutional policies including the ease…
From reversing deforestation to phasing out inefficient fossil fuel subsidies, COP26’s commitments unlocked new pathways for the development community to spur climate action. However, the success of these financial and policy commitments depends on climate-vulnerable countries’ ability to attract and deploy climate finance effectively. Underdeveloped fund management systems and limited financial expertise are common roadblocks…