Economic growth slowed slightly to 3.7 percent in 2023 due to social unrest and delayed hydrocarbon production. The fiscal deficit and debt remained high, fueled by energy subsidies and frontloaded financing....
Type: BriefReport#: 189006Date: April 3, 2024Author:
World Bank
Economic growth is estimated to have remained unchanged at 3.8 percent in 2023 due to sluggish export performance linked to the global economic slowdown and unfavorable export price management. It is projected...
Type: BriefReport#: 188995Date: April 3, 2024Author:
World Bank
The economy continues to face significant challenges as policy missteps have aggravated the impact of external shocks, resulting in high and stubborn inflation, pressures on the currency, high risk of...
Type: BriefReport#: 189008Date: April 3, 2024Author:
World Bank
In 2023, economic growth rebounded to 2.7 percent from 1.8 percent in 2022, spurred by robust agricultural production. However, inflation spiked, then moderated late in the year. Poverty rate would remain...
Type: BriefReport#: 188972Date: April 3, 2024Author:
World Bank
Syria’s protracted economic contraction persists due to a combination of shocks related to conflict both within Syria and across the region. Indeed, the Middle East conflict has spilled over into Syria...
Type: BriefReport#: 188948Date: April 3, 2024Author:
World Bank
The economy has shown initial signs of stabilization with improved fiscal and external balances, supported by a recovery in remittances and tourism and the continued debt service suspension. However, this...
Type: BriefReport#: 188966Date: April 3, 2024Author:
World Bank
In 2023, economic growth slowed to 3.3 percent, driven by reduced global demand for diamonds. In FY24-26, economic activity is projected to stabilize at 3.5-4.0 percent, buoyed by an expansionary fiscal...
Type: BriefReport#: 188970Date: April 3, 2024Author:
World Bank
On July 1, 2020, the International Development Association (IDA) launched the Sustainable Development Finance Policy (SDFP). The Policy provides countries with incentives to move toward transparent and...
Type: Board ReportReport#: 189317Date: April 3, 2024Author:
World Bank
The 24th issue of the SARRE Newsletter focuses on women and promoting gender-inclusive development. Around 100 women engineers gathered in Bangkok in March 2024 to celebrate the completion of WePower SAR-100...
Type: NewsletterReport#: 189624Date: April 3, 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 the Latin America...
Type: ReportReport#: 188860Date: April 3, 2024Author:
World Bank
Bulgaria’s economy slowed down in2023 in tune with trends in key tradingpartners. Inflation kept decelerating, butthe pace is slow and puts at risk thecountry’s eurozone accession bid for2025. Real wage...
Type: BriefReport#: 188874Date: April 3, 2024Author:
World Bank
Growth exceeded expectations by reaching8.7 percent in 2023, fueled by consumptionand investment. Average inflationdropped from 8.6 percent in 2022 to2 percent in 2023. Poverty and unemploymentcontinued...
Type: BriefReport#: 188870Date: April 3, 2024Author:
World Bank
Economic growth was 6.2 percent andinflation was 10.8 percent in 2023. Thefiscal balance was positive (1.2 percentof GDP) owing to strong revenue performance.GDP growth is projected to declineto 4.5 percent...
Type: BriefReport#: 188879Date: April 3, 2024Author:
World Bank
Ukraine’s economy has resumed modest growth, estimated at 4.8 percent in 2023.Concurrently, macroeconomic risks emanating from the on-going active hostilitiesand uncertainty about the timing and amount...
Type: BriefReport#: 188889Date: April 3, 2024Author:
World Bank
Dominica, a small island developing state (SIDS), faces economic challenges and climate vulnerability. Post-pandemic recovery is strong, driven by tourism, infrastructure, and agriculture, though high...
Type: BriefReport#: 188900Date: April 3, 2024Author:
World Bank
Growth has been moderate and dependent on remittances and external demand. It decelerated to 3.5 percent in 2023 and is expected to decrease slightly to 3.4 percent in 2024 due to slower US growth. Stable...
Type: BriefReport#: 188908Date: April 3, 2024Author:
World Bank
Following a strong recovery at 8.9 percent in 2022, the DRC’s economy is estimated to have slowed down in 2023 but remained resilient. The terms-of-trade deterioration and higher imports would maintain...
Type: BriefReport#: 188978Date: April 3, 2024Author:
World Bank
Nigeria has initiated bold reforms to restore macroeconomic stability, but further efforts are needed. The Government has moved forward on normalization of monetary policy, revenue-driven fiscal consolidation,...
Type: BriefReport#: 189003Date: April 3, 2024Author:
World Bank
Economic growth rose slightly to 1.5 percent in 2023 from 0.9 percent in 2022. This was supported by the resumption of electricity production at the Kapichira hydro- electric plant, but the unavailability...
Type: BriefReport#: 188996Date: April 3, 2024Author:
World Bank
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