The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
With economic growth reaching 3.7 percent in 2022, Mozambique’s economy is gaining momentum amid a challenging global context. Agriculture and services saw a good performance, owing to higher agricultural productivity and the full resumption of mobility. Increased external demand and prices for Mozambique’s key export commodities, notably coal and aluminum …
The Blue Economy is one of the emerging strong pillars of socioeconomic and ecological development and growth across the world. It is one of the few resource-base whose exploitation can be conducted sustainably, and also whose ecological protection can generate economic value. In 2020, the United Nations Economic Commission for …
The State of India’s Digital Economy (SIDE) Report measures and analyses India’s digital transformation using data, information and evidence that are specifically relevant to the Indian context. In this, the report departs from the norm for global studies. While global indicators go for breadth rather than depth by choosing the …
On 23 February, 2023, the Ministry of Commerce and Industry notified the Special Economic Zones (Amendment) Rules, 2023 to amend the Special Economic Zones Rules, 2006. Rule 21 B has been inserted providing Units dealing with aircraft leasing activities. Where any unit in an International Financial Services Centre which is …
The Rwandan economy continued to achieve strong growth in 2022 despite global headwinds and an unprecedented increase in food prices, according to this20th edition of the Rwanda Economic Update report. Rwanda’s GDP grew by 8.4 percent in the first three quarters of 2022, after reaching 11 percent in 2021. Growth …
Digital transformation is under way in the Pacific and presents both opportunities and challenges for the region. Improvements in digital connectivity across the region are converging with growing opportunities for e-commerce, digital payments and digital trade. For some businesses, electronic commerce is opening access to new domestic, regional and international …
The surge in violent extremism in sub-Saharan Africa undermines hard-won development gains and threatens to hold back progress for generations to come. The need to improve understanding of what drives violent extremism in Africa, and what can be done to prevent it, has never been more urgent. Against this backdrop …
This report shows how smart trade and investment policies, and regulatory cooperation in the Asia and Pacific region can help economies tackle climate change, recover from the pandemic, and support resilient and sustainable development. Analyzing topics including global value chains, investment, the movement of people, and regional cooperation initiatives, it …
As a critical component of the global economy, the ocean and its ecosystems provide important goods and services and support numerous activities essential for economic development, such as capture fisheries, maritime transport and ports, coastal tourism, coastal protection, and energy. These sectors collectively contribute to the ocean economy, estimated to …
Decentralisation has been one of the most prominent public sector reforms endorsed by international institutions. It has been initiated in a large number of developing economies, particularly in sub-Saharan Africa. To date, few studies propose a quasi-experimental evaluation of its capacity to contribute to local development, or do so but …
Finance Minister has presented the Union Budget 2023 in Parliament. Among the key takeaways are big incentives under the new income tax regime and a big push in capex. As the Finance Minister presented the Budget, equity benchmarks Sensex and Nifty gained momentum in morning trade. The income tax rebate …
In January 2023, out of 36 African currencies reviewed, 29 currencies depreciated against the USD on annual basis, while 7 currencies recorded appreciations (see Table 19). The highest currency depreciation against USD was recorded for the Zimbabwean Dollar at 57.5 percent. Of the seven currencies that recorded appreciations against the …
India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally. The Union Minister for Finance & Corporate Affairs tabled the Economic Survey 2022-23 in Parliament on 31.01.2023, which projects a baseline GDP growth of 6.5 …
The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024. The 2023 forecast is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook but below the historical average of 3.8 percent. …
The world output growth is projected to decelerate from an estimated 3 per cent in 2022 to 1.9 per cent in 2023, marking one of the lowest growth rates in recent decades, according to this report by the United Nations. A series of severe and mutually reinforcing shocks — the …
Africa’s Macroeconomic Performance and Outlook is the African Development Bank Group’s new biannual publication to be released in the first and third quarters of each year. The publication will offer policymakers, global investors, researchers, and other development partners an up-to-date evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term …
Faltering global employment growth and the pressure on decent working conditions risk undermining social justice, according to this World Employment and Social Outlook: Trends 2023 report by the ILO. The current global economic slowdown is likely to force more workers to accept lower quality, poorly paid jobs which lack job …
We are living through an unprecedented moment of multiple crises. Tens of millions more people are facing hunger. Hundreds of millions more face impossible rises in the cost of basic goods or heating their homes. Poverty has increased for the first time in 25 years. At the same time, these …
Just five percent of Indians own more than 60 percent of the country’s wealth while the bottom 50 percent of India’s population possess only three percent of wealth, according to Oxfam India’s latest report “Survival of the Richest: The India story”. India’s richest man has seen his wealth soar by …
The cost of living crisis is the biggest short-term global risk while the failure of climate mitigation is the number one long-term concern, according to this Global Risks Report 2023 by the World Economic Forum. The world faces a set of risks that feel both wholly new and eerily familiar. …
