Growth is set to slightly decelerate in 2024 partly due to the impact of the December 2023 fuel depot explosion. The fiscal deficit is projected to widen to 3.0 percent in 2024 as capital spending increases....
Type: BriefReport#: 194111Date: October 1, 2024Author:
World Bank
Rwanda’s strong economic momentum continued in 2024 with 9.7 percent growth in the first quarter - led by services, manufacturing, and food production. Inflationary pressures have eased due to improvements...
Type: BriefReport#: 194126Date: October 1, 2024Author:
World Bank
GDP growth in 2023 is at 5.3 percent and is projected to slow to 2 percent in 2024 due to weak agriculture on the back of severe drought conditions. While the introduction of a new currency, ZiG, in April...
Type: BriefReport#: 194138Date: October 1, 2024Author:
World Bank
As a Small Island Developing State (SIDS), the Republic of Maldives faces many inherent structural challenges related to its geography and vulnerable ecological profile. The Maldives, located in the Indian...
Type: Country Climate and Development ReportReport#: 192024Date: October 1, 2024Author:
World Bank
North Macedonia is an upper-middle-income country that aspires to join the European Union (EU), but its sustained growth has been achieved at high environmental and health costs. North Macedonia has been...
Type: Country Climate and Development ReportReport#: 193719Date: October 1, 2024Author:
World Bank
Big Data can empower city leaders as they work to improve policy and infrastructure decision-making to increase economic impact and foster development. Big Data application has a significant regional imbalance....
Type: Journal ArticleReport#: 193810Date: October 1, 2024Author:
Ellin Ivarsson ;
Aiga Stokenberga ;
Juan Ignacio Fulponi
Cities across the world are investing in new and improved transport systems to meet the growing challenges of urban life. While these investments have the potential to benefit the poorest urban residents...
After an expected cool-off in 2023, growth accelerated but is expected to remain weak at 1.5 percent in 2024. Fiscal consolidation to comply with the Fiscal Rule and Colombia’s long-standing low productivity...
Type: BriefReport#: 194012Date: October 1, 2024Author:
World Bank
Following weaker-than-expected growth in 2023, Malaysia is projected to grow at a higher rate of 4.9 percent in 2024. Stronger private consumption, investment, and exports will continue to support growth....
Type: BriefReport#: 193973Date: October 1, 2024Author:
World Bank
This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of Europe and Central...
Type: ReportReport#: 193962Date: October 1, 2024Author:
World Bank
With fuel import shortages unresolved and repeated power outages in 2024, economic stagnation persists, with growth projected at just 0.7 percent. In this context, the country is navigating a difficult...
Type: BriefReport#: 194094Date: October 1, 2024Author:
World Bank
Ethiopia liberalized its foreign exchange market, removing a significant obstacle to economic growth and stability. Complementary structural reforms support the transition to private sector-led growth...
Type: BriefReport#: 194107Date: October 1, 2024Author:
World Bank
DRC inaugurated a new government following reelection of President Tshisekedi for another term, reassuring investors and development partners on reforms continuity. However, a GDP slowdown is expected...
Type: BriefReport#: 194097Date: October 1, 2024Author:
World Bank
Poised for a rebound, the Dominican economy anticipates a 5.1 percent growth in 2024, fueled by monetary easing effects and public investment. However, challenges such as low revenue mobilization and socioeconomic...
Type: BriefReport#: 194015Date: October 1, 2024Author:
World Bank
Macroeconomic conditions in Syria have worsened further due to prolonged armed conflict, low crop production, soaring food prices, and diminished humanitarian aid and fiscal subsidies. Subject to extraordinarily...
Type: BriefReport#: 194053Date: October 1, 2024Author:
World Bank
Economic growth continues to be suppressed by the extended oil output cuts but is projected to gradually pick up in FY2025 given a likely increase in oil production starting in 2025. The non-oil sector...
Type: BriefReport#: 194052Date: October 1, 2024Author:
World Bank
The Country Opinion Survey in Namibia assists the World Bank Group (WBG) in better understanding how stakeholders in Namibia perceive the WBG. It provides the WBG with systematic feedback from national...
Type: ReportReport#: 195286Date: September 30, 2024Author:
World Bank
The Foundational Learning Compact Progress Report October 2023–September 2024
presents the progress made in FLC activities and highlights from its associated
trust fund, the Early Learning Partnership...
Type: ReportReport#: 195866Date: September 30, 2024
The Palestinian Authority’s (PA) fiscal position has considerably worsened since the eruption of the Middle East conflict in October 2023, and the ensuing economic recession. The Palestinian economy is...
Type: Working PaperReport#: 197679Date: September 30, 2024Author:
World Bank
Minimum wages are an essential component of a country's social protection system, aiming to protect vulnerable workers and reduce poverty and wage inequality. Yet, there are risks associated with poor...
Type: Policy Research Working PaperReport#: WPS10934Date: September 30, 2024Author:
Monica Robayo ;
Zamfir,Madalina ;
Wronski,Marcin
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