Publications

Financial Resilience in an Age of Environmental Change: Central Banks and Financial Regulators Feel the Heat

 | 16 October 2024
Monetary, Policy Briefs | Tags: Central Banks, Climate Risks, Financial Governance, Financial Supervision, Green Finance, Systemic Risks
In an era of chronic and acute disruptions, durable price and financial stability will require not just accounting for financial hazards, but also engaging in promoting a structural transition. With time running out and the world approaching critical ecological thresholds, central banks and financial regulators ... continue reading

Principles for Addressing Climate Systemic Risks With Capital Buffers

 and | 10 October 2024
Monetary, Policy Briefs | Tags: Central Banks, Climate Risks, Financial Stability, Financial Supervision, Macroprudential Policy, Systemic Risks
Some supervisors have started exploring and assessing the different macroprudential instruments available to address climate systemic risks. Systemic capital buffers emerge as one promising option among the different instruments in their toolkits. ... continue reading

Kenya’s Tax Expenditure Reports: A Comprehensive Review

 | 9 October 2024
Fiscal, Blog | Tags: Kenya, Tax Expenditures
In Kenya, the main objectives of tax expenditures are to spur economic growth, increase investment, create employment and lower the cost of living. Other than these objectives being defined too broadly to support meaningful evaluation of tax expenditures, the government does not link the reported ... continue reading

Tax Expenditures Country Report: India

 | 7 October 2024
Fiscal, Discussion Notes | Tags: GTED, GTETI, India, Tax Expenditures
India's tax landscape is intricate, with various direct and indirect taxes administered by different bodies, such as the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). The introduction of the Goods and Services Tax (GST) in 2017 ... continue reading

Economic Policies for Affordable, Secure and Clean Energy: Insights from the UK

 and | 1 October 2024
Fiscal, Policy Briefs | Tags: Energy, Fossil Fuel Subsidies, Renewables, United Kingdom
Transitioning to a more affordable, secure and clean energy system is a key priority for the UK government. Elected in July 2024, the new government led by Prime Minister Keir Starmer aims at making the country a “clean energy superpower”. ... continue reading
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