WEEKLY DIGEST · 12–22 October 2026 · overview of key fiscal and economic developments

🟢 The World Bank presented a roadmap for increasing government revenue without raising tax rates. Tax exemptions and gaps in tax systems cause governments to lose between one-fifth and one-quarter of potential tax revenue. In Ethiopia, the introduction of electronic sales registration increased VAT collection by nearly 50%.

🟢 The OECD published a new report on improving corporate income tax systems to support business development. The report examines how tax rates, administrative costs, loss carry-forward rules, access to finance and tax incentives affect business activity.

🟢 The Asian Development Bank examined how tax administration reforms can increase government revenue without raising tax rates. According to IMF estimates, consistent reforms can generate additional revenue equivalent to 2–3% of GDP. In Georgia, tax revenue rose from 15% of GDP in 2003 to 25% in 2011.

🟢 The IMF published the Chair’s Statement following the 54th Meeting of the International Monetary and Financial Committee. The statement issued after the meeting held in Bangkok on 16–17 October outlines priorities for international cooperation on macroeconomic stability, fiscal sustainability and financial policy.

🟢 The World Bank reported that faster structural reforms in Pakistan could triple per capita incomes by 2050. GDP grew by 3.7% in fiscal year 2026, while the primary budget surplus reached 2.9% of GDP. The reforms could raise annual economic growth to between 6.2% and 6.9%.

🟢 The World Bank launched its first comprehensive digital development strategy. More than 2 billion people worldwide remained offline in 2025. Internet usage stood at 23% in low-income countries, compared with 94% in high-income countries.

🟢 The OECD examined the implications of carbon-intensity requirements for customs clearance. Effective implementation requires standardised document formats, interoperable information systems and a clear division of responsibilities among customs, environmental and certification authorities.

🟢 The OECD assessed trade facilitation reforms and the digitalisation of customs systems in Eastern Partnership countries. Armenia, Azerbaijan, Moldova and Ukraine have made progress in digitalising customs operations and improving regulatory transparency. However, challenges remain in implementing reforms and strengthening cross-border coordination.