Despite the decline in power cuts since early 2024, the medium-term growth trajectory remains hampered by several supply-side structural constraints (infrastructure bottlenecks, weak business environment,...
Type: BriefReport#: 194131Date: October 1, 2024Author:
World Bank
Northwest (NOA for its Spanish acronym), comprising the provinces of Salta, Jujuy, and Catamarca, is home to 22 percent of worldwide lithium resources. However, the current lithium exports from the region...
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
This memorandum provides the quarterly update of IBRD’s lending rates and spreads pursuant to the standard loan pricing as defined in the Bank Policy and Directive Financial Terms and Conditions of Bank...
Type: Board ReportReport#: 194471Date: October 1, 2024Author:
World Bank
Argentina’s social conditions have deteriorated over the past decade. The poverty rate is low compared to countries in the region (10.9 percent in 2022 under the international poverty line of 6.85 dollars/day...
Type: BriefReport#: 196052Date: October 1, 2024Author:
World Bank
The national poverty headcount stood at 44.8 percent based on the latest budget survey conducted in 2020, before the COVID-19 pandemic. By utilizing the lower middle-income poverty line of $3.65 a day...
Type: BriefReport#: 196074Date: October 1, 2024Author:
World Bank
Ecuador’s challenging fiscal situation, compounded by natural disasters and rising insecurity linked to drug trafficking, has constrained poverty reduction in the country. By June 2024, a quarter of Ecuadorians...
Type: BriefReport#: 196079Date: October 1, 2024Author:
World Bank
In the last two decades, Morocco managed to significantly reduce poverty, consistently across national and international poverty lines. Between 2001 and 2013, Morocco experienced significant poverty reduction...
Type: BriefReport#: 196092Date: October 1, 2024Author:
World Bank
Myanmar successfully reduced poverty from 48 percent in 2005 to 25 percent in 2017. Over this period, rapid growth in manufacturing and services was associated with poverty declining more rapidly in urban...
Type: BriefReport#: 196101Date: October 1, 2024Author:
World Bank
This report aims to guide the government of Romania in establishing ROInnovate based on a novel analysis of international best practices and domestic gaps and needs. This analysis includes an extensive...
Type: ReportReport#: 200432Date: October 1, 2024Author:
World Bank
Malaysia’s economy is expected to expand at a faster pace in 2024. After experiencing weaker-than expected growth last year, Malaysia’s economy grew strongly in the first half of 2024, driven by robust...
Type: Economic Updates and ModelingReport#: 193954Date: October 1, 2024Author:
World Bank
The economy has stabilized with positive growth, low inflation, a steady exchange rate, and improved fiscal and external balances amid the debt service suspension. However, poverty and inequality remain...
Type: BriefReport#: 194067Date: October 1, 2024Author:
World Bank
A recovery in tourism infrastructure spending and easing inflation have supported economic activity in Dominica in 2023, although high food prices continue to disrupt livelihoods of vulnerable populations....
Type: BriefReport#: 194014Date: October 1, 2024Author:
World Bank
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
Despite the devastation of Hurricane Beryl, Grenada’s economy is anticipated to continue growing, supported by tourism and construction. Even with greater fiscal needs for post-Beryl reconstruction efforts,...
Type: BriefReport#: 194018Date: October 1, 2024Author:
World Bank
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