Growth remained strong in 2023 and the first quarter of 2024, bolstered by rising industrial and agricultural production, along with resilient services. Inflation has been contained, and the fiscal deficit...
Type: BriefReport#: 194088Date: October 1, 2024Author:
World Bank
Djibouti's economic activity showed modest improvement in 2024H1, leading to an upward revision of real GDP growth to 5.9 percent in 2024 - 0.8 percentage points higher than in the spring forecast. This...
Type: BriefReport#: 194038Date: October 1, 2024Author:
World Bank
As the economy is stagnating due to extended OPEC+ production quotas, an expansionary fiscal stance and strong imports are expected to transform the surpluses of fiscal and external accounts into deficits....
Type: BriefReport#: 194042Date: October 1, 2024Author:
World Bank
Progress toward comprehensive debt restructuring and wide-reaching reforms under the macroeconomic stabilization program has put Ghana on a path to fiscal sustainability. Currency stabilization and tight...
Type: BriefReport#: 194110Date: October 1, 2024Author:
World Bank
Growth is expected to remain robust in 2024 after a strong performance in 2023. The fiscal and external positions are projected to improve. Monetary policy tightening and lower food and energy prices supported...
Type: BriefReport#: 194119Date: October 1, 2024Author:
World Bank
Malawi’s economic situation remains challenging. A severe drought in 2024 has exacerbated macroeconomic imbalances and added to successive poor harvests and high food prices. Food insecurity is hindering...
Type: BriefReport#: 194117Date: October 1, 2024Author:
World Bank
This paper examines how procurement rules affect international trade, leveraging a novel dataset that characterizes national laws across 141 countries. Text analysis of national laws on government procurement...
Type: Policy Research Working PaperReport#: WPS10937Date: October 1, 2024Author:
Barreto Cifuentes,Carlos Sebastian ;
Beshkardana,Katayoon ;
Majed M. El-Bayya ;
Rotunno,Lorenzo
The growing use of drones is a source of both excitement and apprehension. The excitement is among businesses and beneficiaries across sectors who are anticipating, or already realizing, substantial benefits...
Type: Journal ArticleReport#: 193811Date: October 1, 2024Author:
Catalina Ochoa ;
Edward Charles Anderson ;
Gregor Engelmann ;
David Roy Guerin
The global shift toward electric mobility is driven by environmental and economic goals. Pakistan is no exception. Recognizing the potential benefits of electric vehicles (EVs) to curb emissions, lessen...
Type: Journal ArticleReport#: 193817Date: October 1, 2024Author:
Shyam Srinivasan ;
Aftab, Fatima Noor ;
Pablo Claudio Armando Mollinedo Trujillo ;
Lincoln Flor
After a decade among the fastest-growing economies in Sub-Saharan Africa, the combined impact of the COVID-19 pandemic and Russia’s invasion of Ukraine slowed economic growth in Côte d’Ivoire in 2020....
Type: BriefReport#: 196069Date: October 1, 2024Author:
World Bank
The onset of the COVID-19 pandemic led to a spike in poverty as measured by the upper middle-income $6.85 2017 PPP per day international poverty line, from 14.7 percent in 2019 to 15.5 percent in 2020....
Type: BriefReport#: 196094Date: October 1, 2024Author:
World Bank
The latest EPCV 2019 poverty survey indicates that poor households depend largely on the agricultural sector and are highly vulnerable to food price changes, as 45 percent of their income comes from agricultural...
Type: BriefReport#: 196105Date: October 1, 2024Author:
World Bank
Before the COVID-19 pandemic, Croatia significantly reduced poverty, with the share of people living on less than $6.85/day (2017 PPP) dropping from 6.7 percent to 2.4 percent between 2014 and 2019. This...
Type: BriefReport#: 196110Date: October 1, 2024Author:
World Bank
At the national level, the incidence of poverty in Chad has increased by 2.5 percentage points, rising from 42.3 percent in 2018 to 44.8 percent in 2022. This increase indicates that the poor population...
Type: BriefReport#: 196158Date: October 1, 2024Author:
World Bank
Plastic pollution is a significant global issue impacting ecosystems, livelihoods, and human health, prompting international efforts to create a legally binding instrument known as the Plastic Treaty....
In Kiribati a large pre-election increase in public sector wages will support growth. In Tuvalu, development priorities are being shaped by the 2024 Falepili Union Treaty, which allows Tuvaluans to emigrate...
Type: BriefReport#: 193968Date: October 1, 2024Author:
World Bank
Growth slowed in 2023 due to low budget execution during the government transition. Inflation fell to 3.4 percent in early 2024, driven by non-food prices, though food prices remain high. Labor market...
Type: BriefReport#: 193983Date: October 1, 2024Author:
World Bank
Economic growth rose to 5.3 percent in FY23/24 and is projected to increase further in the short to medium term due to the commissioning of new hydropower plants and recovery of the tourism sector. Fiscal...
Type: BriefReport#: 194062Date: October 1, 2024Author:
World Bank
Albania, a small upper-middle-income country aspiring to join the European Union, has made significant strides in reducing poverty and in narrowing its income gap with the EU. However, energy poverty remains...
Type: Country Climate and Development ReportReport#: 194438Date: October 1, 2024Author:
World Bank
In the region of the Americas, non-communicable diseases (NCDs) constitute a major disease burden, accounting for approximately 80 percent of all deaths (PAHO 2019). Mental and neurological disorders,...
Type: BriefReport#: 194760Date: October 1, 2024Author:
Anne-Sophie Jung ;
Jeremy Veillard ;
Timothy A. Johnston
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