The study addresses the disincentive features of direct tax revenue mobilization in Kenya. The primary objective was to undertake a broad review of existing income tax laws using the UNECA-developed analytical framework. The aim was to identify key distinctive features and tax base broadening policy options.

This paper reviews the personal income tax, business income taxes, and property tax in Ethiopia using the framework developed by UNECA (2021) and in light of peer countries' and global best practices. Based on identified gaps in the review, we propose changes to the tax law and sketch their associated revenue gains and losses. The study has assessed the prevailing direct tax system in Ethiopia and moreover, identified opportunities and challenges that the system is currently facing to maximize its revenue collection potential.

Sovereign financing is one of the most underdeveloped areas of international law as sovereign debts are mainly governed by domestic laws.  As a result, there are no clear boundaries relating to creditor and borrower behavior - or indeed expectations as to such behavior.

The COVID-19 crisis has exacerbated the many challenges that developing and emerging economies are confronted with. With the background of the War in Ukraine, and  in the face of the unwinding of emergency policy measures, such as the G20 debt service suspension initiative, and the tightening of monetary conditions to curb inflation in the North, the global South is bracing itself for new turbulences in international capital markets.

This paper presents a novel conceptual and methodological approach to measuring financial conditions in developing countries drawing on dynamic factor analysis. Our theoretical foundation to construct and interpret the model is based on a Minskian framework of financial instability. Conceptually, instead of analysing financial conditions for individual economies, we cluster various countries with similar financial dynamics into different groups. This has the advantage of alleviating data scarcity and data quality problems.

This study assesses Samoa’s fiscal stimulus response to the COVID-19 pandemic and its plans to ensure a sustainable, green, and forward-looking path towards recovery. Though less directly impacted by the health consequences of the pandemic, Samoa’s economy has been heavily affected due to its border containment strategy and the loss of tourism and exports.

This study assesses Kyrgyzstan’s fiscal stimulus response to the COVID-19 pandemic and its future plans to ensure a sustainable, green and forward-looking path towards recovery. As a country reliant on remittances and trade, the country experienced significant economic contraction and a rise in fiscal deficit due to both the health impact of the pandemic and the consequences of mitigating measures including lockdowns.