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 …
This report, the first study in Africa, explores how African governments use financial models to manage oil & gas and mining projects. Jointly produced by the African Natural Resources Center of the AfDB and Open Oil, a boutique financial advisory firm, the study begins with the simple notion that no …
For eight consecutive quarters South Asia was the fastest-growing region in the world… but not anymore. Despite benign global conditions, regional growth has slowed down. This trend is the result of a deceleration in India, the region’s powerhouse. Short-term disruptions related to the introduction of the landmark Goods and Services …
The African Development Bank (AfDB) has released its second Trade Finance in Africa survey report: “Trade Finance in Africa: Overcoming Challenges”. Building on the findings of the maiden 2013 survey, this new report (covering the period 2013–2014) goes even further to gauge other aspects of bank-intermediated trade finance, such as …
West African countries are projected to continue the substantial macroeconomic growth observed in recent decades. Many will enter middle-income status by 2030, and more will do so by 2050. The dynamism observable now in many rural areas will accelerate as towns grow and villages link to them through roads, power, …
Growth prospects in developing Asia are on the rise, buoyed by a rebound in global trade as solid recovery takes hold in the major industrial economies, and by strong investment demand. Also lifting regional prospects is growth in the People’s Republic of China that exceeds expectations. Consumer prices are contained, …
Ten years on from the global financial crisis, the prospects for a sustained economic recovery remain at risk due to a widespread failure on the part of leaders and policy-makers to put in place reforms necessary to underpin competitiveness and bring about much-needed increases in productivity, according to data from …
This paper examines the relationship between spatial and economic mobility in Uganda using longitudinal data from 2005 through 2012. The study relies on a detailed panel tracking survey and exploits exogenous variation in the spatial intensity of violent conflict, rainfall shocks, distance from the regional capital, and ethnic networks in …
Africa's food market may be worth more than US$1 trillion each year by 2030, according to this latest report on the state of agriculture in Africa. Africa’s food market may be worth more than US$1 trillion each year by 2030, according to the latest Africa Agriculture Status Report. This will …
This 10th South Africa Economic Update offers a review of the country’s recent economic and social developments and outlook in the context of global economic prospects. It focuses on the role of innovation in fostering economic growth, job creation and poverty reduction in an environment in which more South Africans …
This issue paper briefly presents the case for agro-industrialization as Africa’s viable path to sustainable economic growth. The paper also discusses the opportunities and the challenges that the continent faces with regards to its efforts toward agro-industrialization, and sheds some light on how the continent can structurally transform itself from …
NITI Aayog launched the Ease of Doing Business report based on an Enterprise Survey of 3,500 manufacturing firms across Indian states and union territories. The survey has been conducted, along with the IDFC Institute, to assess the business regulations and enabling environment across India from firms’ perspective. The Ease of …
Bill Gates has told Reuters his foundation plans to spend more than $300 million in Tanzania this year on public health and poverty reduction programmes. In an interview, the billionaire said aid was now being spent “in a smarter way” in some parts of the world. “Some countries have made …
Ogbonnaya Onu, the Minister of Science and Technology, has unveiled the National Science, Technology and Innovation Road Map from 2017 to 2030 to serve as a catalyst to Nigeria’s economic growth. Mr. Onu, who disclosed this in a statement by Henrietta Okokon, Assistant Chief Information Officer in the ministry on …
Women from historically marginalized indigenous communities in Kenya have embraced an innovative savings scheme that has enabled them to break the yoke of poverty worsened by retrogressive cultural practices and illiteracy. Emily Kirui, a single mother of one from the Ogiek community that resides in dense forests in the Rift …
The unprecedented population growth in Africa and its projections followed by a high rate of urbanization are resulting in a growing number of huge urban agglomerations – cities and megacities. That phenomenon creates opportunities for the continent, but it also raises concerns about low levels of development and diminished quality …
Using growth regressions with panel data, this study identifies the determinants of economic growth, highlighting in particular the role of natural resources and institutional quality. The overarching aim of this exercise is to learn about the drivers of growth in Nigeria, and to predict growth rates of gross domestic product …
The Government of Indonesia and UNICEF launched a new report showcasing the progress towards achieving the Sustainable Development Goals that the country has made for children, acknowledging challenges and highlighting the crucial role of preventing violence against children in reducing poverty. The report was launched as world leaders met at …
Information and communication technologies (ICTs) now form the backbone of today's economies – providing individuals with access to such vitally important resources as employment opportunities, online banking and healthcare. As such, United Nations leaders have turned to ICTs to fast-forward efforts to achieve the United Nations Sustainable Development Goals (SDGs). …
Since 1947 the World Economic and Social Survey has promoted a broader understanding of development, emphasizing the importance of advancing the structural transformation of the economy, progress in social development and environmental sustainability. This year’s edition, Reflecting on 70 years of development policy analysis, shows that many parallels can be …
The Industrial Investment & Employment Promotion Policy of Uttar Pradesh 2017 will strive to leverage the inherent strengths of the state while developing new ones and tackling its underlying weaknesses considering the economic dynamics at play at the Indian, Asian and the Global level. The policy will aim to create …
