The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
After multiple headwinds dampened growth in 2017, a nascent rebound in economic activity in Kenya is gaining momentum. Notwithstanding the projected rebound in economic activity risks are tilted to the downside. The Government of Kenya has outlined four big priority areas for the next five years. These are agricultural and …
Nepal experienced considerable poverty reduction over the last two decades. However, over the same period, several factors including low economic and agricultural growth, weak public infrastructure, continued exclusion of disadvantaged groups, and conflict and other shocks prevented households from escaping poverty, or pushed households which had escaped back into poverty. …
This joint report by the World Bank and the Food and Agriculture Organization (FAO) is part of a wider set of economic and sector work being conducted by development agencies to assist Somalia in its further elaboration (through sector strategies and programs) and implementation of the current National Development Plan …
The latest Africa Investment Index 2018 (AII) has ranked Ghana high on the list of the most attractive economies for investments flowing into the continent. Ghana has moved up two places to the 16th position showing progress compared to last year’s index where it ranked 18th on the list. The …
With two thirds of the world’s population projected to live in urban areas by the middle of this century, the accelerating pace of urbanisation generates crucial opportunities and challenges for sustainable development that reach far beyond city boundaries. Many global processes have recognised the importance of urbanisation as well as …
Climate change impacts pose significant hazards for socio-economic development in Kenya, through prolonged droughts, unreliable weather patterns, and the emergence of new pests and diseases.Under the Paris Agreement, Kenya committed itself to tackling climate change. Its nationally determined contribution (NDC), which builds on the 2013 Kenya Climate Change Action Plan, …
The Indian economy is set to revert to its trend growth rate of 7.5 percent in the coming years as it bottoms out from the impact of the Goods and Services Tax (GST) and demonetization, a new World Bank report says. The India Development Update, is a biannual flagship publication …
The first ever Global Green Finance Index was launched by Z/Yen and Finance Watch, and the financial centers of Western Europe outperformed those in other regions based on the perception of the quality and depth of their green finance offerings. The Global Green Finance Index (GGFI) was created in an …
The economic outlook for the Southern Africa region is cautious. Broad-based economic activity is expected to recover at a slow pace, but the outlook remains modest, given the diverging growth patterns for the region’s economies. Upper middle-income countries turned in low and declining rates of growth. Meanwhile, lower income transitioning …
The West Africa Economic Outlook presents a comprehensive economic analysis of the 16countries in this region, focusing on growth, macroeconomic stability and employment, structural change, and poverty reduction. It provides estimates for 2017 and projections for 2018 and 2019. A second part of the outlook examines the labor market in …
This North Africa Economic Outlook (covering Algeria, Egypt, Libya, Mauritania, Morocco, and Tunisia) examines the macroeconomic performance of the region and the outlook for 2018 and 2019 and explores the relationship between food security and rural poverty. Part I looks at the key drivers of regional GDP growth and its …
Although the global economy is projected to remain strong in 2018, a new report by Economist Intelligence Unit (EIU) estimates high levels of risks that either come from smaller regional hotspots, or are global in nature. “With favourable economic picture appears to come from a completely different world to the …
India has achieved much in the last 25 years. Since the early 1990s, when reforms began, growth rates have been higher and more stable, the economy has become more modern and globally integrated macroeconomic stability has improved, and the average citizen is better educated and lives longer. In addition, the …
Decision makers across Africa (and those outside it who have a stake in the continent's future) share the recognition that today Africa is at a critical juncture. This report is based on this premise that African ecological futures can be fundamentally altered by economic and development decisions made today. In …
This paper examines whether investment in the agriculture and food sectors in Africa significantly increases overall economic growth and, hence, reduces food and nutrition insecurity. To this end, the study examines the causal link between agricultural growth, food production, quality of governance, and overall economic growth using panel data compiled …
The United Nations Population Fund West and Central Africa Regional Office (UNFPA WCARO), in collaboration with the African Group of Ambassadors in Dakar, is to present its 2017 progress report on the state of the demographic dividend. The Demographic Dividend in West and Central Africa: 2017 Progress Report outlines the …
Inequality in India is real and has been rising sharply for the last three decades as an unfortunate legacy of the lopsided policy choices made by successive governments, Oxfam India said as it published a new report. The report The Widening Gaps: India Inequality Report 2018 provides a picture of …
The European Union (EU) Regular Economic Report (RER), is an annual publication of the World Bank Group and covers economic developments, prospects, and economic policies in the European Union. The report finds that while growth is back on track, the bottom 40 percent of the income distribution is lagging behind …
The Climate Council’s ‘Icons at Risk: Climate Change Threatening Australian Tourism’ report shows Australia’s top five natural tourist attractions could be hit by extreme heatwaves, increasing temperatures, rising sea-levels, coastal flooding and catastrophic coral bleaching. Australia’s iconic beaches, wilderness areas, national parks and the Great Barrier Reef are the most …
Economic development in the world’s most-disadvantaged countries – mostly in sub-Saharan Africa – is stalling against the background of a lukewarm global recovery, risking widening inequality, new analysis from UNCTAD has revealed. Data suggests that the 47 least developed countries (LDCs), a long-established category of nations requiring special attention from …
