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 …
The Finance Ministry allocated 22 per cent less funds for MGNREGA in revised estimates for the current financial year (2023-24), as compared to Rs 1.1 lakh crore sought by the Rural Development Ministry, shows a Parliamentary committee report tabled in the Lok Sabha on February 08, 2024. The report – …
The State of India’s Digital Economy (SIDE) 2024 presents a new approach to measure digitalisation. This approach is better suited for developing countries like India for three reasons. First, it proposes a much wider definition of digitalisation through its Connect-Harness-Innovate-Protect-Sustain (CHIPS) framework, capturing both the opportunities and risks created by …
As Djibouti embarks on its second phase of development, it is crucial to ensure that the benefits of growth are felt by all segments of society, particularly women and youth. To achieve this, three critical priorities have been identified in the Country Economic Memorandum (CEM): (i) enhance economic resilience and …
The Indian economy is likely to grow at over 7 per cent in the coming years and is expected to become the third-largest economy in the world in the next three years, with a GDP of $5 trillion, driven by domestic demand along with supply-side measures such as investment in …
The Europe Sustainable Development Report 2023/24 (5th edition) provides an independent quantitative assessment of the progress by the European Union, its member states and partner countries towards the Sustainable Development Goals (SDGs). In light of the upcoming European Elections and UN Summit of the future, this year’s edition identifies 10 …
Global foreign direct investment (FDI) flows in 2023, at an estimated $1.37 trillion, showed a marginal increase (+3%) over 2022, defying expectations as recession fears early in the year receded and financial markets performed well. However, economic uncertainty and higher interest rates did affect global investment. The headline increase was …
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends …
Drawing on nearly two decades of original risks perception data, the World Economic Forum’s Global Risks Report 2024 warns of a global risks landscape in which progress in human development is being chipped away slowly, leaving states and individuals vulnerable to new and resurgent risks. Against a backdrop of systemic …
Labour markets have shown surprising resilience despite deteriorating economic conditions, but recovery from the pandemic remains uneven as new vulnerabilities and multiple crises are eroding prospects for greater social justice, according to a new International Labour Organization (ILO) report. The ILO’s World Employment and Social Outlook Trends: 2024 (WESO Trends) …
Global growth is expected to slow further this year, reflecting the lagged and ongoing effects of tight monetary policy to rein in inflation, restrictive credit conditions, and anemic global trade and investment. Downside risks include an escalation of the recent conflict in the Middle East, financial stress, persistent inflation, weaker-than-expected …
Somalia has remained on a strong economic reform path despite the various global and exogenous shocks that have continued to buffet the economy. Recurrent climate-related shocks, such as cycles of droughts, floods, locusts’ infestation, higher international commodity prices, as well as increased insecurity and conflict, have interrupted the country’s growth …
Notwithstanding slower global growth and lingering impacts of recent catastrophic floods, private sector activity, outside the oil sector, has been supported by a relative return to peace, and higher government spending. Nevertheless, the economy is estimated to have contracted by 0.4 percent in FY23/24, reflecting drags from oil production. Supported …
Global economic growth is projected to slow from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024, trending below the pre-pandemic growth rate of 3.0 per cent, according to the United Nations World Economic Situation and Prospects (WESP) 2024. This latest forecast comes on the heels …
This report highlights the socioeconomic contributions of the geothermal sector, including the potential opportunities and benefits that can be enhanced at national and local levels throughout geothermal projects’ development and operation. The report was prepared using qualitative data from over 40 stakeholders in the geothermal industry, including governments, industry associations, …
Sustainable energy could regenerate Africa’s Sahelian zone by using the region’s abundant clean energy potential to transform lives, diversify economies, give hope, and protect the planet. Analyzing viable pathways to move the Sahel away from energy dependency to energy agency that delivers accessible, reliable, and affordable energy for all, is …
New analysis of the top 20 costliest extreme climate disasters over 2023 has revealed a “global postcode lottery stacked against the poor” where the relative economic impact of disasters varies considerably across countries. International development charity Christian Aid, which published the analysis in their report Counting the Cost 2023: A …
The Government of India started a major reform initiative to ensure better and timely delivery of benefits from Government to the people through Direct Benefit Transfer (DBT) since there was a critical requirement for sustained and determined action to remove leakages and enhancing financial inclusion in the process of delivering …
The Minister of Environment, Forest & Climate Change, released a G20 report titled ‘A Green and Sustainable Growth Agenda for the Global Economy’ in New Delhi. The comprehensive report, a result of the G20 international conference held in July 2023, represents the collaborative efforts of 40 experts from 14 countries.The …
Kenya’s economic performance strengthened in 2023 despite continued challenges, with real GDP growth accelerating from 4.8% in 2022 to an estimated 5% in 2023. This is according to the 28th edition of Kenya Economic Update (KEU) which adds that the improved growth performance is attributed to a strong rebound in …
Asia and the Pacific witnessed US$ 302 billion worth of Greenfield projects announced in the January to September 2023 period, a staggering 35 per cent increase compared with the same period in 2022, when US$ 224 billion had been recorded. 2023 appears to be on track to match – and …
