The COVID-19 pandemic and oil price slump could result in an economic contraction in 2020 and slow recovery afterwards. Policy priorities should include addressing macroeconomic management challenges and financial sector fragilities, while protecting the poor.
TANAP will transport natural gas from a gas field in Azerbaijan to and across Turkey, and further to Europe, aiming to diversify Azerbaijan’s gas export markets and improve the security of the energy supply in Turkey and South Eastern Europe.
The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Countries can use it to assess how much income they are foregoing because of human capital gaps, and how much faster they can turn these losses into gains if they act now.