Hitting the Mark: Design Choices in Targeted Refinancing
Muhammad Qaisar | 17 April 2025
Monetary,
Blog | Tags:
Central Banks,
Targeted Refinancing Lines
To target their objectives, central banks have a broad toolbox. Each of their instruments has impacts on a range of their goals and must be calibrated accordingly. The critical role of design choices in targeted refinancing operations is a case in point.
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A Renewed Urgency to Rationalize Tax Expenditures in Low- and Low-Middle Income Countries
Sanjeev Gupta and
Agustin Redonda | 16 April 2025
Fiscal,
Blog | Tags:
Domestic Revenue Mobilization,
Tax Expenditures,
Tax Reform
In this blog, we argue that the case for streamlining and reforming TEs has become even more urgent. This urgency arises from recent developments including the decisions by the United States and the United Kingdom to significantly reduce their international aid budgets...
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Wang’s Café Goes Green: Innovative Finance Solutions for Small Companies
Peter Knaack | 27 March 2025
Monetary,
Blog | Tags:
China,
Entrepreneurship,
Financial Inclusion,
Green Finance
Financial markets have mobilized a large and growing amount of money for climate action – but most of it goes to large firms. Small companies (micro, small, and medium-sized enterprises or MSMEs in the jargon) struggle to access the finance needed to green their activities.
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Clearing the Air: Lessons from the EU ETS for Low Carbon Aviation
Patrick Lenain and
Leila Sahib | 6 March 2025
Fiscal,
Blog | Tags:
Carbon Pricing,
Energy,
Fossil Fuels,
Tax Expenditures,
Transport
Aviation has long enjoyed a special tax status. Airline fuel for international flights is generally exempt from excise duties. International air travel also benefits widely from VAT exemption or zero-rated VAT.
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