Event Materials

Governments across emerging markets and developing economies (EMDEs) face a growing fiscal challenge: how to finance essential public services at a time of rising debt burdens, higher interest costs, and uncertain external assistance. Yet the challenge is not simply about how much revenue countries collect. Tax systems in most EMDEs are also inefficient and inequitable, leading to costly economic distortions while failing to adequately support vulnerable households.

Raising Revenue Right: A Roadmap for Domestic Resource Mobilization examines how countries can raise the revenue they need in ways that are more efficient, fair, and supportive of inclusive growth.  The report introduces the concept of the fiscal frontier: the best possible combinations of efficiency and equity that a country can achieve for a given level of revenue and its underlying structural constraints. Its central finding is that many EMDEs operate well below this frontier—and that reforms can improve efficiency and equity at the same time. 

The report offers a practical roadmap for domestic resource mobilization, showing how advances in technology, transparency, and trust—the 3Ts—can help countries move toward the fiscal frontier.

Resources:

Website | Overview | Full Report


Also see!

Join us for the 8th edition of the World Bank / ODI Global / IFS Public Finance Conference, which will take place in Washington, DC, on September 24-25, 2026. This annual event brings together researchers and practitioners to discuss frontier research on public finance, with a focus on low- and middle-income countries (LMICs).

AUTHORS

Pierre Bachas

Pierre Bachas Author

Senior Economist, Development Research Group

Pierre Bachas is a Senior Economist in the World Bank’s Development Research Group. He also coordinates the Tax Evasion Program at the International Tax Observatory. His research focuses on public finance, particularly tax and transfer design, international taxation, and the role of digital technology. Previously, he was an assistant professor of finance at ESSEC Business School in Paris. He holds a PhD in economics from the University of California, Berkeley and a BSc and MSc in economics from the London School of Economics.

Oyebola Okunogbe

Oyebola Okunogbe Author

Senior Economist, Development Research Group

Oyebola Okunogbe is a Senior Economist in the World Bank’s Development Research Group, focused on public economics and political economy. Her research has studied how governments in lower-income countries can improve revenue collection, with particular attention to the role of technology, tax administration, and politics, and her work was recognized with the Best Paper award by the American Economic Journal: Economic Policy in 2023. She is on the board of management of the International Institute of Public Finance and is an affiliated researcher with the Centre for Economic Policy Research, Institute for Fiscal Studies, and International Centre for Tax and Development. A native of Nigeria, she holds a PhD in public policy from Harvard University, an MPA in international development from Harvard Kennedy School, and a BA in economics from Dartmouth College.

Mahvish Shaukat DaTax

Mahvish Shaukat Author

Economist, Development Research Group

Mahvish Shaukat is an Economist in the World Bank’s Development Research Group, with a focus on public economics and governance. Her research has studied the determinants of tax compliance, particularly tax morale, and implications for tax policy. Her work has also examined approaches to improving efficiency and fairness, as well as strengthening tax-benefit linkages, in collaboration with the tax authority in Pakistan. She holds a PhD in economics from the Massachusetts Institute of Technology, MA/MS from Stanford, and a BA from the University of California, Davis.

Raising Revenue Right

Dario Tortarolo Author

Economist, Development Research Group

Dario Tortarolo is an Economist in the World Bank’s Development Research Group, with a focus on public economics. His research has studied how public policies affect workers, businesses, consumers, and governments, with particular attention to distributional impacts. His work has also examined how governments can address tax avoidance and evasion, especially at the top of the income distribution. Prior to joining the World Bank, he was an assistant professor at the University of Nottingham and a postdoctoral fellow at the Institute for Fiscal Studies. He holds a PhD in economics from the University of California, Berkeley and a BSc and an MSc in economics from Universidad Nacional de La Plata. He received the National Tax Association’s Outstanding Doctoral Dissertation prize in 2020.

DISCUSSANT

Director of Strategy and Operations for the World Bank Office of the Managing Director of Operations

Seynabou Sakho Discussant

Regional Director, Prosperity, West and Central Africa Region

Seynabou Sakho is the Regional Practice Director for the Prosperity Department in the World Bank’s Western and Central Africa Region, covering 22 countries. She leads multidisciplinary teams working on fiscal policy, economic growth, debt management, finance, competitiveness and innovation, governance, poverty, procurement, and public financial management. Her mandate is focused on helping countries create jobs, accelerate economic transformation, strengthen public institutions, and deliver better outcomes for citizens, particularly women, youth, and vulnerable populations.

Her leadership is anchored around three priorities: advancing job-rich and inclusive growth, strengthening fiscal and debt sustainability, and building high-performing teams and partnerships capable of delivering impact at scale. Under her leadership, the Prosperity Department focuses on promoting resilient structural transformation, improving public sector effectiveness, and creating jobs at scale through firms, markets, and finance.

MODERATOR

Image

Aaditya Mattoo

Director, Development Research Group

Aaditya Mattoo is Director of the Development Research Group of the World Bank. He specializes in development, trade, and international cooperation, and provides policy advice to governments. Previously, he served as Chief Economist of the East Asia and Pacific Region. He was also Co-Director of the World Development Report 2020 on Global Value Chains and Research Manager, Trade and Integration. Before he joined the Bank, Mr. Mattoo was Economic Counsellor at the World Trade Organization and taught economics at the University of Sussex and Churchill College, Cambridge University. He holds a Ph.D. in Economics from the University of Cambridge, and an M.Phil in Economics from the University of Oxford. He has published on development, trade, trade in services, and international trade agreements in academic and other journals and his work has been cited in the Economist, Financial Times, New York Times, and Time Magazine.

The Policy Research Talks showcase the latest findings of the World Bank's Development Research Group, challenge and contribute to the institution’s intellectual climate, and re-examine conventional wisdom in current development theories and practice.

These talks facilitate a dialogue between researchers and operational staff and inform World Bank operations both globally and within partner countries.

Register here to receive email notifications about our events!

Date: September 23, 2026

Time: 12:30 PM - 02:00 PM ET

Location: Washington, DC and Online

Hybrid:

Register

Event Contact:

Michelle Chester (mchester@worldbank.org)