Publications

How to Move Forward with Green Hydrogen

and | 28 August 2025
Fiscal, Blog | Tags: Energy, Renewables, Tax Expenditures, Vietnam
Green hydrogen is hoped to be a key solution for decarbonising hard-to-abate sectors, notably steel, petrochemicals, and long-haul transport, all large consumers of fossil fuels in Vietnam. ... continue reading

Bringing Tax Expenditures Into the Debate on Financing for Development

| 23 July 2025
Fiscal, Blog | Tags: Development, Domestic Revenue Mobilization, Tax Expenditures
Tax expenditures have traditionally been considered an issue governments are supposed to deal with by themselves. This, however, is changing. The recent Conference on Financing for Development (FfD4) FfD4 explicitly refers to tax expenditures in its Outcome Document. ... continue reading

Tax Expenditures Country Report: Morocco

| 27 June 2025
Fiscal, Discussion Notes | Tags: GTED, GTETI, Morocco, Tax Expenditures
This country report identifies the main limitations and makes recommendations for improving the transparency and effectiveness of tax expenditure policies. ... continue reading

Central Banking and Asia’s Energy Future: The Role of Targeted Refinancing in ASEAN+3

| 12 June 2025
Monetary, Policy Briefs | Tags: ASEAN+3, Central Banks, Energy, Targeted Refinancing Lines
The pursuit of sustainable prosperity in ASEAN+3 critically hinges on the availability of affordable, secure, and clean energy. ... continue reading

U.S. Energy Policy at a Crossroads

and | 28 May 2025
Fiscal, Blog | Tags: Energy, Fossil Fuel Subsidies, Renewables, United States
U.S. energy policy is at a crossroads. While both the Biden and Trump Administrations have made energy affordability and security a key priority, their strategies differ drastically. ... continue reading

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

and | 28 May 2025
Fiscal, Policy Briefs | Tags: Energy, Fossil Fuel Subsidies, Renewables, United States
In the United States, a diverse range of policy initiatives, many of which can be implemented at the state and local levels, are available to continue the transition towards an affordable, secure, and clean energy system. ... continue reading

Shedding Light on the Use of Tax Expenditures for Social Spending

and | 5 May 2025
Fiscal, Blog | Tags: Inequality, Social Protecion, Tax Expenditures
When we think of government spending on social programmes, we generally picture direct cash transfers, public healthcare, education and subsidized housing. Yet a significant portion of social spending happens outside the traditional budget. ... continue reading

Hitting the Mark: Design Choices in Targeted Refinancing

| 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. ... continue reading

FfD4 Countdown: A Watered-Down Proposal on Tax Expenditures Risks Undermining Countries’ Domestic Revenue Mobilization

, , , and | 17 April 2025
Fiscal, Blog | Tags: Domestic Revenue Mobilization, Investment, Tax Expenditures
At the Fourth Conference on Financing for Development in June, countries must commit to greater oversight of tax expenditures, including implementing minimum reporting standards, and rationalizing ineffective or harmful tax expenditures. ... continue reading

A Renewed Urgency to Rationalize Tax Expenditures in Low- and Low-Middle Income Countries

and | 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... ... continue reading