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
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
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
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:
Johnston, Timothy A. ;
Jung, Anne-Sophie ;
Veillard, Jeremy
Driven by agriculture growth, a positive trade balance, and strong private consumption, 2023 Brazil’s GDP growth was 2.9 percent, higher than expected at the beginning of the year but lower than in 2022...
Type: BriefReport#: 196061Date: October 1, 2024Author:
World Bank
Uzbekistan has made notable progress reducing poverty since 2021. The poverty headcount rate based on the national poverty line fell from 17 percent in 2021 to 11 percent in 2023. Robust real wage growth...
Type: BriefReport#: 196066Date: October 1, 2024Author:
World Bank
Economic and political stability and investment in human capital have fueled decades of economic growth in Costa Rica. The successful expansion of forest coverage has supported a thriving eco-tourism sector...
Type: BriefReport#: 196076Date: October 1, 2024Author:
World Bank
The latest Household Income and Expenditure Survey (HIES) used to estimate poverty in the Federated States of Micronesia (FSM) was conducted in 2013-2014. Using the World Bank's definitions for data deprivation,...
Type: BriefReport#: 196083Date: October 1, 2024Author:
World Bank
Muted economic growth, high inflation, and fiscal consolidation have led to a poverty rate of 40.5 percent (US$3.65/day 2017 PPP) in FY24, implying an additional 2.6 million poor individuals this year...
Type: BriefReport#: 196139Date: October 1, 2024Author:
World Bank
Air pollution is a major environmental and public health challenge that affects millions of people around the world. According to the World Health Organization (WHO), air pollution causes more than seven...
Type: BriefReport#: 193778Date: September 30, 2024Author:
Fuchs, Alan ;
Hill, Ruth ;
Mansuri, Ghazala ;
Nguyen, Trang
In 2009, when International Finance Corporation (IFC) and State Secretariat for Economic Affairs (SECO) set out to assist the Kyrgyz Republic in building a robust modern credit infrastructure, about a...
Type: BriefReport#: 197050Date: September 30, 2024Author:
International Finance Corporation
The brief is the first in a two-part series that provides an overview of the electricity sector's demand and supply side environmental regulations. This brief focuses on supply-side regulations and investigates...
Type: BriefReport#: 194257Date: September 30, 2024Author:
Ereshchenko, Viktoriya ;
Popic, Elena
From 2009 to 2019, International Finance Corporation (IFC) and the Swiss State Secretariat for Economic Affairs, SECO, collaborated to support Tajikistan in developing sustainable credit information sharing...
Type: BriefReport#: 197059Date: September 30, 2024Author:
International Finance Corporation
Modernized National Statistical Systems (NSSs) are key drivers of international development. They play an important role in the optimization of data and data-related services that support policy and decision-making....
Type: BriefReport#: 193761Date: September 27, 2024Author:
World Bank
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