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 …
According to the Togo Economic Update released by the World Bank, trade openness and increased private investment mobilization will be key to unlocking Togo’s growth potential. Titled Unlocking Togo’s Growth Potential, the report begins with an analysis of the performance of Togo’s economy, which has been buffeted by multiple shocks …
Sierra Leone’s economy experienced overlapping setbacks during 2022, as external spillovers from the Russian invasion of Ukraine aggravated domestic macroeconomic vulnerabilities. This led to high levels of inflation, a substantially weaker currency, greater imbalances in public finances, and lower foreign exchange reserves. GDP growth slowed in 2022 (from 4.1 percent …
Oil windfalls during the 2000s were largely squandered, with Sudan failing to build the foundations of a non-oil economy. As part of the sanctions, the country was designated as a state sponsor of terrorism (SST), which restricted foreign assistance and debt reduction, resulted in isolation from the global financial system, …
Growth in Sub-Saharan Africa is expected to slow to 2.5 percent in 2023 from 3.6 percent in 2022. It is projected to increase to 3.7 percent in 2024 and 4.1 percent in 2025. However, in per capita terms, the region is projected to slightly contract over 2015-2025. The region faces …
India continues to show resilience against the backdrop of a challenging global environment, according to World Bank’s latest India Development Update (IDU). The IDU, the Bank’s flagship half yearly report on the Indian economy, observes that despite significant global challenges, India was one of the fastest-growing major economies in FY22/23 …
At just under 6 percent, South Asia is expected to grow faster than any other developing country region this year—but slower than its pre-pandemic pace and not fast enough to meet its development goals. The region faces many risks to this outlook, including due to fragile fiscal positions created by …
This Country Focus Report (CFR) for South Africa reviews the role of the private sector in financing climate change and green growth. It further explores the scope for harnessing natural capital to finance adaptation and mitigation to climate change and to promote green growth. It aims to replicate at the …
This report presents the latest analysis of data available on SDG 16 indicators. The data reflects that human rights commitments are not being met, violence is increasing, inequality continues to hinder inclusive decision making and corruption erodes the social contract. The report is the first of its kind jointly produced …
India has significantly expanded the share of workers with regular wages, narrowed caste-based segregation and reduced gender-based disparities in the workforce from the 1980s while challenges remain, said ‘State of Working India 2023’, a report released by Azim Premji University. The report draws on evidence from official data sources and …
The economic outlook for Asia and the Pacific remains upbeat, with the region’s developing economies expected to grow 4.7% in 2023, and 4.8% in 2024, but risks remain elevated. According to the latest edition of the Asian Development Outlook, growth will remain resilient, supported by domestic demand, recovering tourism, and …
SDG 8 integrates the economic, social and environmental dimensions of sustainable development. To achieve inclusive and sustainable economic growth for full employment and decent work, an integrated process is needed to drive balanced progress across these three dimensions. In its 2019 report Time to Act for SDG 8: Integrating Decent …
The intersection of the coronavirus disease (COVID-19) pandemic, the war between the Russian Federation and Ukraine and the effects of climate change has exacted a huge toll on African development, exacerbating poverty and inequality and reversing the gains that had been made in poverty reduction in the past two decades. …
UNCTAD’s Economic Development in Africa Report 2023 examines the continent’s potential to become a major participant in global supply chains for high-technology sectors like automobiles, mobile telephones, renewable energy and health care. Recent disruptions due to trade turbulence, economic uncertainty, a global pandemic and geopolitical events have compelled manufacturers worldwide …
Eswatini’s economy has been characterized by persistent low growth, high fiscal deficits, and unprofitable state-owned enterprises (SOEs). Without significant reform, the country is unlikely to achieve its socioeconomic aspirations, and poverty and unemployment are likely to remain high. These problems are exacerbated by the difficult external environment, with subdued global …
In this time of global upheaval and a rapidly changing climate, the economies of Sub-Saharan Africa stand to benefit from vast endowments in natural resources and the transition to a low-carbon economy. Global efforts to decarbonize economies are likely to create demand for 3 million tons of minerals and metals …
Central Africa achieved real GDP growth of 5.0 percent in 2022, compared with 3.4 percent in 2021. The rebound in economic activity was driven by favourable prices for raw materials, in a region that is home to net exporters of crude oil, minerals and other commodities. The region’s growth rate …
This report relies on several data sources. The main source providing the poverty, inequality and labor figures herein is the 2019/20 Household Budget Survey (Inquérito sobre Orçamento Familiar, IOF2019/2020) conducted by the National Statistical Institute (Instituto Nacional de Estatística, INE) starting in November 2019 and spanning 13 months. The survey’s …
The African Development Bank’s East Africa Economic Outlook 2023 reviews the economic performance of 13 Eastern African countries over the past year. The countries are Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda. It provides key economic trends in the East Africa region …
West Africa experienced slower economic growth over the past year except for Cabo Verde, The Gambia, Guinea, Mali, and Niger, according to the African Development Bank’s 2023 West Africa Economic Outlook report. The report assessed the economic performance of 15 West African countries, namely: Benin, Burkina Faso, Cabo Verde, Côte …
North African countries are projected to see a slight increase in economic growth to 4.6 percent in 2023 and 4.4 percent in 2024, and should make green growth an urgent priority, according to the African Development Bank. According to the Bank Group, growth in the region is essentially driven by …
