The Pandemic’s Extensive Reform Agenda : How Can the Development Community Contribute?

The Pandemic’s Extensive Reform Agenda : How Can the Development Community Contribute?

The COVID-19 crisis requires policy reforms on many fronts, from debt sustainability to climate-smart recovery. This Research & Policy brief draws on theory and empirical evidence to explore the opportunities for the international development c...

Full description

Bibliographic Details
Main Authors:	Smets, Lodewijk, Record, Richard James Lowden
Format:	Publications and Research
Language:	English
Published:	Washington, DC: World Bank 2022
Subjects:	POLITICAL ECONOMY OF REFORM POST COVID REFORM ECONOMIC RECOVERY FISCAL POLICY REFORM PERFORMANCE ASSESSMENT PUBLIC FINANCIAL MANAGEMENT PANDEMIC REFORM AGENDA CONDITIONAL FINANCE ISOMORPHIC MIMICRY
Online Access:	http://documents.worldbank.org/curated/en/806641644586876826/The-Pandemic-s-Extensive-Reform-Agenda-How-Can-the-Development-Community-Contribute http://hdl.handle.net/10986/37088

Description
Summary:	The COVID-19 crisis requires policy reforms on many fronts, from debt sustainability to climate-smart recovery. This Research & Policy brief draws on theory and empirical evidence to explore the opportunities for the international development community to support policy and institutional reform. The focus is on four dimensions of support: conditional financing, policy dialogue, analytical work, and political institutions. While budget support is important to close financing gaps, the Brief argues that high-quality analytical work and policy dialogue may be needed for sustained reform success. Although political institutions determine public policy, the Brief cautions that supporting changes in the political system may lead to unintended consequences. The Research & Policy brief concludes with a discussion and some avenues for future research in this field.