MACROECONOMICS, TRADE AND INVESTMENT EQ U I TA B L E G ROW T H , F I N A N C E & I N S T I T U T I O N S N OT E S Offshore data leaks and tax enforcement in developing countries ...

Investment Rating - The report does not explicitly provide an investment rating for the industry under review. Core Insights - The report evaluates the integration of firms receiving export-oriented tax exemptions in Honduras with the local economy, presenting five stylized facts about their trade networks. It challenges the notion that these firms operate as isolated economic enclaves, indicating that they are as connected to local suppliers as non-exempt firms of similar size [13][17][18]. Summary by Sections Introduction - The report discusses the common pattern where exporting firms outperform non-exporting firms, highlighting the potential benefits of spillovers to local firms through backward linkages with suppliers [14][15]. Context of Export Exemption Regimes in Honduras - Export-oriented tax regimes have been in place for over four decades in Honduras, with total tax exemptions in 2022 estimated at L51 billion (US$2.04 billion), representing over 6% of the country's GDP [21][22]. Data - The analysis is based on administrative datasets from the Honduran Revenue Administration Service, covering corporate and personal income tax declarations from 2018 to 2021, including over 860,000 formal workers in 2021 [26][27]. Stylized Facts on Firm-to-Firm Trade Networks - **Fact 1**: Exempt firms have similar connections to local suppliers, conditional on firm size. The average number of suppliers is similar across exempt and non-exempt firms when controlling for size [42][43]. - **Fact 2**: Suppliers of firms in export-oriented regimes differ in several characteristics from those of non-exempt firms, indicating variations in sector and size of suppliers [48]. Policy Implications and Conclusions - The findings suggest that while firms in export-oriented regimes are well-connected to local suppliers, the potential for spillovers may be weak or non-existent. The report emphasizes the need for better-targeted and enforced exemption regimes to enhance local economic integration [18][19].

Private Participation in Infrastructure (PPI) 2023 Annual Report Acknowledgement & Disclaimer This report was prepared by a team comprising Deblina Saha (Task Team Leader), Seong Ho Hong (Co-Task Team Leader), Apala Bhattacharya (Consultant) with design inputs by Pablo Alfaro Chavez. The team is very grateful for the support and guidance received Aijaz Ahmad (Acting Practice Manager of PPP Group, Infrastructure Finance, PPPs, and Guarantees Global Practice, World Bank). This report describes private partici ...

Executive Brief Ghana’s portfolio-wide child labor risk management pilot: A systematic approach to managing child labor risk in the project cycle Abstract: This note summarizes a systematic approach developed in 2021-2023 by the Social Sustainability and Inclusion (SSI) team of the Ghana Country Management Unit (CMU) to strengthen the management of child labor risk in the portfolio of projects of the CMU. The approach evolved from two processes, namely a portfolio-wide risk mitigation assessment on child la ...

INTERNATIONAL FINANCE CORPORATION RESEARCH SERIES DIGITAL OPPORTUNITIES in African Businesses ...

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Policy Paper Gender-Responsive Procurement in the Caribbean: A Path to Inclusivity and Resilience with a Spotlight on Emergency Procurement Considerations dezirohtuA erusolcsiD cilbuP dezirohtuA erusolcsiD cilbuP dezirohtuA erusolcsiD cilbuP dezirohtuA erusolcsiD cilbuP © 2023 International Bank for Reconstruction and Development / The World Bank The World Bank 2 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org Disclaimer ...

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NEPAL FISCAL FEDERALISM UPDATE May 2024 © [2024] International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of the World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not g ...

SOCIAL PROTECTION & JOBS DISCUSSION PAPER No. 2402 | MARCH 2024 Scaling up social assistance where data is scarce: Opportunities and limits of ...