Global Growth to Slow through 2023, Adding to Risk of ‘Hard Landing’ in ...
Spread of COVID-19 Variants Alongside Inflation, Debt, and Inequality Intensifies Uncertainty. WASHINGTON, Jan. 11, 2022—Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the ...
The Tale of Two Ports in Indonesia - World Bank
Jakarta, Indonesia, May 26, 2015 – In its heyday a few hundred years ago, Jakarta’s Sunda Kelapa Harbor was a bustling center of trade and one of the archipelago’s main local ports. Today, the harbor serves small, traditional wooden boats traveling between Jakarta and the country’s myriad, far-flung regions. Facilities are minimal and ...
New World Bank country classifications by income level: 2021-2022
Indonesia, Mauritius, Romania, and Samoa were very close to classification thresholds in 2019 and all experienced COVID-19 related decreases in Atlas GNI per capita, resulting in lower classifications in 2020. Venezuela, previously classified as a an upper-middle income country, is now unclassified due to a lack of available data in the recent ...
From Subsistence to Commercial Farming in Rwanda - World Bank
When the project encouraged and helped farmers in Runga to shift from subsistence farming to a more modern commercialized agriculture, Nyiraneza took advantage of the opportunity. With proceeds from her beans harvest, she leased another piece of land and started growing chili peppers, a high demand product that quickly enabled her to invest and ...
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The impact of tourism: How can we all do this better? - World Bank Blogs
English. Tourism is growing, and growing fast. After surpassing 1 billion international visitors in 2012, we are expecting 1.8 billion by 2030. Tourism is growing faster than the global economy and, for the first time, the statistics for 2015 are expected to show that there were more trips taken to the developing world than to the developed world.