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 …
In this report, ADB has lowered its forecasts for economic growth in developing Asia and the Pacific to 4.3% in 2022 and 4.9% in 2023, amid mounting challenges. Its theme chapter looks at how digital entrepreneurship spurs growth and innovation. The region’s economy is expected to grow 4.3% this year, …
Africa has recorded progress on many of the 17 Sustainable Development Goals since 2000; however, the current pace of progress has been insufficient to achieve the Goals by 2030.In the 2030 Agenda, Member States recognized many challenges to sustainable development, including the fact that billions of citizens continue to live …
Fewer than half the population of Asia and the Pacific have access to any social protection benefits, and public spending on social protection in the region is significantly below the global average, this new report by the International Labour Organization (ILO) has found. Spending on social protection in the region …
Ghana’s progress of implementation has been mixed. Gender parity and high completion rates have been sustained at the KG, primary, and junior high levels despite the pandemic, while the population participating in formal and informal education, and training has gone up. There has also been improved outcomes in tackling maternal …
Recovery in youth employment is still lagging, according to this new report by the International Labour Organization (ILO), which confirms that the COVID-19 pandemic has hurt young people more than any other age group. The Global Employment Trends for Youth 2022: Investing in transforming futures for young people report finds …
Direct Benefit Transfer is a major reform initiative by the Government of India to ensure better and timely delivery of benefits from Government to the people. This marks a paradigm- shift in the process of delivering benefits like wage payments, fuel subsidies, food grain subsidies directly into the bank accounts …
This Report of the Standing Committee on Rural Development & Panchayati Raj (2021-22) deals with the action taken by the Government on the Observations/Recommendations contained in their Twentieth Report (Seventeenth Lok Sabha) on 'Critical Evaluation of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)’ of the Ministry of Rural Development …
This publication provides updated statistics on a comprehensive set of economic, financial, social, and environmental measures as well as select indicators for the Sustainable Development Goals (SDGs). The report covers the 49 regional members of ADB. It discusses trends in development progress and the challenges to achieving inclusive and sustainable …
This Algeria Economic Update provides an account of main recent economic developments and policies. It places them in a global and longer-term context and assesses the consequences of these developments and policy changes for Algeria’s prospects. The report is intended for a wide audience, including policymakers, business leaders, financial market …
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 …
Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to this latest report by the International Monetary Fund (IMF). The World Economic Outlook Update July 2022: Gloomy and More Uncertain, highlights the significant consequences of the …
Karnataka, Manipur and Chandigarh have topped in their respective categories in the third edition of NITI Aayog’s India Innovation Index. While Karnataka has topped again in the ‘Major States’ category, Manipur is leading the ‘North East and Hill States’ category and Chandigarh is the top performer in the ‘Union Territories …
The Department of Legal and Legislative Affairs, Punjab on July 18, 2022 has issued the Punjab Rural Development (Amendment) Act, 2022 to further amend the Punjab Rural Development Act, 1987. The following has been amended namely: Section 7 which states “Purpose for which the Fund may be applied” has been …
African countries must diversify their exports to survive economic shocks from global crises such as the COVID-19 pandemic and the war in Ukraine, says the United Nations Conference on Trade and Development (UNCTAD). In its Economic Development in Africa Report 2022, UNCTAD says African countries can diversify their economies through …
The Ministry of Commerce and Industry on 14th July 2022, has published the Special Economic Zones (Third Amendment) Rules, 2022 to further amend the Special Economic Zones Rules, 2006. Through this amendment a new rule 43A which deals with work from home has been notified as follows: An Unit may …
An economic modelling study of three African countries – Côte d’Ivoire, Kenya and South Africa – shows that a shift towards a circular plastics economy will generate more economic activity and create more jobs than a business-as-usual scenario. A new report from the World Wide Fund for Nature (WWF) shows …
India’s overall ranking in attaining gender parity saw an improvement in 2022, with the country jumping five places to 135 out of the 146 benchmarked this year, the World Economic Forum’s (WEF) latest Gender Gap Report showed. Gender parity is not recovering, according to the Global Gender Gap Report 2022. …
Sustainable economic development based on the oceans and meeting the aspirations of individual countries, the African Union, economic actors and the African public has many different labels. The choice of either of the terms ‘blue’ or ‘ocean’ linked to ‘economy’ are used in different contexts, but the key attributes desired …
NITI Aayog, in partnership with the United Nations (UN) in India, had documented learnings from the localisation process in 2019 in a document titled, “Localising SDGs: Early Lessons From India”. This document extends and builds on the above report and presents a more nuanced understanding of the learnings of the …
The promotion of a bioeconomy is a strategic driver for the transformation of biobased sectors for sustainable economic growth and development. A central feature of the bioeconomy is that scientific research, knowledge and innovation can be applied to produce food, feed, fibre, and fuel, as well as agro-industrial and value …
