With the ongoing macroeconomic adjustment, growth is projected to recover to 3.5 percent in FY25 from an estimated 2.5 percent in FY24. Inflation remains in double digits with disproportionate implications...
Type: BriefReport#: 194040Date: October 1, 2024Author:
World Bank
After contracting by 5.7 percent in 2023, economic activity in Equatorial Guinea is projected to pick up in 2024 mainly supported by stronger hydrocarbon output. Fiscal and external positions are expected...
Type: BriefReport#: 194104Date: October 1, 2024Author:
World Bank
GDP growth is projected to reach 3.7 percent in 2024 (0.6 percent per capita), supported by agriculture and services, while continuing electricity shortages are expected to hinder industrial production....
Type: BriefReport#: 194118Date: October 1, 2024Author:
World Bank
Growth will be driven by investments associated with Phase II of the Lesotho Highlands Water Project (LHWP-II), increasing in 2024 and 2025, and moderating thereafter. Structural weaknesses limit private...
Type: BriefReport#: 194114Date: October 1, 2024Author:
World Bank
In 2017, around 21.1 percent of the population in Djibouti lived below the national poverty line. Using the international poverty thresholds of $2.15 and $3.65 per person per day (based on the 2017 Purchasing...
Type: BriefReport#: 196077Date: October 1, 2024Author:
World Bank
The Dominican Republic experienced significant economic growth from 2005 until 2019, with an average annual growth rate of 5.7 percent, well above the Latin America and the Caribbean average of 2.5 percent....
Type: BriefReport#: 196078Date: October 1, 2024Author:
World Bank
Using the national measure of poverty for the Republic of the Marshall Islands (RMI), 7.2 percent of the population lived below the basic-needs poverty line in 2019/20, based on the latest Household Income...
Type: BriefReport#: 196098Date: October 1, 2024Author:
World Bank
Mauritius has eradicated extreme poverty; whereas, in 2017, 13.5 percent of Mauritians were below the upper middle-income class poverty line of $6.85 a day (2017 PPP). About one in two of the poor in Mauritius...
Type: BriefReport#: 196106Date: October 1, 2024Author:
World Bank
After several years of poverty reduction, Jamaica's national poverty rate (using the country’s official poverty line) increased from 11 percent in 2019 to 16.7 percent in 2021, following the onset of the...
Type: BriefReport#: 196125Date: October 1, 2024Author:
World Bank
Kazakhstan has achieved large reductions in poverty over the past two decades. Both national poverty estimates and internationally comparable poverty rates declined sharply. The national poverty rate fell...
Type: BriefReport#: 196127Date: October 1, 2024Author:
World Bank
Poverty estimates are based on the Household Income and Expenditure Survey (HEIS). In 2019, the government of Jordan announced a national poverty rate for Jordanians of 15.7 percent based on the 2017-18...
Type: BriefReport#: 196126Date: October 1, 2024Author:
World Bank
Sri Lanka's economy stabilized after the 2022 crisis, but poverty remains high at 23.4 percent (US$3.65 per person/day) in 2024. Key reforms, such as utility pricing adjustments, new revenue measures,...
Type: BriefReport#: 196135Date: October 1, 2024Author:
World Bank
Peru made significant progress in reducing poverty over the past two decades, but the COVID-19 pandemic and recent challenges have reversed many of these gains. The pandemic caused the national poverty...
Type: BriefReport#: 196140Date: October 1, 2024Author:
World Bank
The latest Household Income and Expenditure Survey (HIES) used to estimate poverty in Solomon Islands was conducted in 2012/13. Using the national measures, 12.7 percent of the population lived below the...
Type: BriefReport#: 196150Date: October 1, 2024Author:
World Bank
Between 2011 and 2018, Sierra Leone made notable progress in poverty reduction, with the poverty rate decreasing from 62.4 to 56.8 percent, representing an average annual reduction of about 0.7 percentage...
Type: BriefReport#: 196151Date: October 1, 2024Author:
World Bank
The proportion of the population living below the national poverty line fell moderately from 63 percent in 2009-2010 to 58.9 percent in 2016-2017, driven by improvements in educational attainment, social...
Type: BriefReport#: 196157Date: October 1, 2024Author:
World Bank
South Asia’s growth is on track to exceed earlier expectations, in a broad-based upturn. The region is expected to remain the fastest-growing among emerging market and developing economies (EMDEs). Several...
Type: PublicationReport#: 194232Date: October 1, 2024Author:
Xiaoou Zhu
The Bangladesh Development Update provides an assessment of the state of the economy in Bangladesh, poverty trends, the economic outlook, risks, and key reform challenges. It covers real sector developments;...
Type: ReportReport#: 194098Date: October 1, 2024Author:
World Bank
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