This paper, Policy Trade-Offs in Building Resilience to Natural Disasters: The Case of St. Lucia, uses a dynamic general equilibrium model that incorporates natural disasters to assess the macroeconomic impact of financial protection and structural protection, and the associated policy trade-offs.
This paper integrates into the IMF Fiscal Transparency Code (FTC) a new fourth pillar (Pillar IV) on natural resource revenue management. The newly completed FTC integrates transparency principles for natural resource revenue management in a unified four-pillar framework.
Belize is exceptionally vulnerable to natural disasters and climate change. This report, Belize: Climate Change Policy Assessment, takes stock of Belize’s plans to manage its climate response, from the perspective of their macroeconomic and fiscal implications. It suggests macroeconomically relevant reforms that could strengthen the likelihood of success of the national strategy and identifies policy gaps and resource needs.
Self-insurance Against Natural Disasters: The use of pension funds in Pacific Island countries provides a normative analysis of the use of early pension withdrawals after disasters, by setting up a life-cycle saving model with myopic households facing large natural disaster shocks
It is becoming increasingly clear that fossil fuels impose a high price on society through local environmental pollution and Africa’s particular vulnerability to climate change. By comparing results from state-of-the-art Integrated Assessment Models, this report find different options for achieving a sustainable energy supply in Africa.
This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits (leaving aside the global climate benefits).
This paper focuses on how to undertake energy subsidy reform in light of country experiences. The paper reviews the challenges arising from energy subsidies, emphasizing their fiscal costs, adverse macroeconomic and environmental impacts, and the regressive distribution of subsidy benefits.