Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. …
This paper assesses the potential impact of antimicrobial resistance on global economic growth and poverty. The analysis uses a global computable general equilibrium model and a microsimulation framework that together capture impact channels related to health, mortality, labor productivity, health care financing, and production in the livestock and other sectors. …
Zambia’s economy has shown recovery in 2017, but stronger growth and better macroeconomic indicators have not resulted in better fiscal indicators, according to a new World Bank Economic Brief. The Brief, Reaping Richer Returns from Public Expenditure in Agriculture, says economic growth—which stood at 3.4% for 2016—is expected to increase …
Sustainable economic development has played a major role in the decline of global poverty in the past two decades. There is no doubt that competitive markets are key drivers of economic growth and productivity. They are also valuable channels for consumer welfare. Competition policy is a powerful tool for complementing …
WFP is currently supporting the state of Odisha to transform its Targeted Public Distribution System (TPDS). This is one of the Indian Government's most important instruments of policy aimed at food security, inclusive growth and public satisfaction.
This paper contributes to the economics literature on renewable energy generation by investigating climate-change impacts on renewable energy generation in Africa (with special focus on hydropower generation as it is the main renewable source of power in the continent). The analysis includes 51 African countries over the period 1996-2012. The …
According to the Bank of Tanzania (BoT) economic bulletin for the quarter ending March this year the annual growth of banks lending to agriculture sector registered negative growth of 9.2 per cent compared to 11.2 per cent of the same period last year. The fall of banks credit to agriculture …
Kenya and the UN Food and Agricultural Organization (FAO) on Tuesday launched a project to help boost growth in the livestock sector. The Africa Sustainable Livestock (ASAL 2050) project is designed to help reposition the sector to generate additional food and income for farmers and the country’s GDP. Speaking during …
Over the past two decades, Asia and the Pacific have not only experienced rapid growth, but in parallel saw a rapid increase in overweight people and obesity. The latest available data indicated that over 40.9% of adults in the region are overweight compared to 34.6% in 1993. It is well …
Reducing poverty and inequality continues to be an important national priority in Namibia. Vision 2030 – the country’s guiding development strategy – has a subordinate vision that points to several goals: “Poverty is reduced to the minimum, the existing pattern of income-distribution is equitable and disparity is at the minimum.” …
Africa’s economic outlook looks promising as the continent in 2016 maintained its position as the world’s second-fastest growing economy behind South Asia, according to data released by the African Development Bank (AfDB). The Bank tabled this report titled, Financial Presentation, at the recently held annual meetings in Ahmedabad, India. According …
Rwanda’s progress in the fight against poverty has been ranked as the most impactful on the continent since 2005, according to the new African Development Bank’s African Economic Outlook (AEO) 2017. The 2017 edition of the report noted that Rwanda’s poverty reduction mechanisms have seen the country make the most …
Efforts by the African Development Bank (AfDB) to upgrade Africa’s agriculture sector is yielding good results with about 5.6 million people benefiting from the Bank’s interventions in the past year. Among other things, AfDB plans scale up its focus on regional integration in 2017 as an important part of its …
ABIDJAN - Africans are seeing a steady improvement in the quality of their lives, with some countries even nearing world averages, says a wide-ranging report out Monday on the continent's future. While large portions of the continent's 1.2 billion people live in poverty, many of Africa's 54 nations have made …
The Yearbook series is a result of joint efforts by major African regional organizations to set up a joint data collection mechanism of socioeconomic data on African countries as well as the development of a common harmonized database. The Joint African Statistical Yearbook is meant to break with the practices …
The 2030 Agenda for Sustainable Development calls for the eradication of poverty in all its forms and dimensions, reflecting the multifaceted challenges faced by people living in poverty. Poverty is widely considered as multidimensional in nature, reflecting deprivations across a broad range of dimensions. The present report highlights existing national …
The ability of Sub-Saharan Africa’s economies to generate enough jobs for its young and growing population rests on the successful implementation of urgent reforms to boost productivity. This is the key finding of the Africa Competitiveness Report 2017. Competitiveness is defined as the set of institutions, policies and factors that …
Social justice organisation Oxfam on Tuesday released a new report titled “Starting with people”‚ which details the crisis facing Africa’s poor and issues a challenge to African leaders “to champion new economic models”. “New data reveals Africa’s inequality crisis is greater than feared‚” Oxfam said in a statement accompanying the …
High levels of inequality across Africa have prevented much of the benefits of recent growth from reaching the continent’s poorest people. To combat inequality in Africa, political and business leaders have to shape a profoundly different type of economy. It must start with the needs of Africa’s women and young …
Although the recent economic expansion of countries in Asia and the Pacific has been steady, it is modest compared with the recent historical trend owing to prolonged weak external demand, rising trade protectionism and heightened global uncertainty. At the same time, decades of rapid economic growth, facilitated by globalization and …
The pressure is on for signatories to the Sendai Framework for Disaster Risk Reduction 2015–2030 (SFDRR) to achieve and demonstrate a reduction in disaster losses by 2030. This report aims to help national governments, their sub-national counterparts, and donors better understand the pace of change required to deliver on the …
