Recognizing the important progress with structural reforms so far, on October 12, 2011, the European Commission recommended the opening of formal membership negotiations for Montenegro. Further, in December 2011, Montenegro was granted the membership in the World Trade Organization (WTO), and in...

This Public Expenditure Review (PER) analyzes the Government of Madagascar's efforts to meet the challenge of poverty reduction. The report first evaluates the macroeconomic and fiscal framework within which the Government is implementing its Poverty Reduction Strategy (PRS). Secondly, reviews...

As a highly indebted poor country, Honduras faces a dual challenge of reducing poverty while ensuring medium-term sustainability of its public spending to avoid recurrence of over indebtedness. This Public Expenditure Review (PER) is intended to contribute to the government's overall poverty...