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 Annual Development Effectiveness Review (ADER) assesses contributions the African Development Bank (‘the Bank’) has made to its five development goals: Light Up and Power Africa (Chapter 1), Feed Africa (Chapter 2), Industrialise Africa (Chapter 3), Integrate Africa (Chapter 4), and Improve the Quality of Life for the People of …
The African Economic Outlook 2023 underscores the urgency to fast-track climate action and green transitions to drive the continent’s inclusive and sustainable development. The Bank’s new research, based on African countries’ latest submitted Nationally Determined Contributions (NDCs), estimates that private sector financing will need to grow annually by 36 percent …
Prospects for a robust global economic recovery remain dim as the lingering effects of the COVID-19 pandemic carry on, according to the UN’s latest World Economic Situation and Prospects report. Risks of a prolonged period of low growth stand, amid stubborn inflation, rising interest rates, and heightened uncertainties, in addition …
The second edition of the Global Employment Policy Review (GEPR) focuses on the issue of employment-centred macroeconomic policies for recovery and structural transformation. The Global Employment Policy Review (GEPR) is a biennial publication prepared by the Employment Policy Department of the International Labour Organization (ILO). The purpose of the GEPR …
The transition to a circular economy could lead to the creation of millions of new jobs. At the same time, this shift calls for informed policies that promote both job quality and environmental sustainability. However, a new report has shown a lack of research in developing countries, where the vast …
This report explores the role that voluntary sustainability standards (VSSs) can play in helping governments advance the Sustainable Development Goals (SDGs) and better track and report on their progress toward achieving them. The 2030 Agenda for Sustainable Development outlines an ambitious vision for people and the planet. It sets out …
Nearly a quarter of global jobs will “change” in the next five years, with 69 million new jobs likely to be created and 83 million lost, according to this new report by the World Economic Forum The Future of Jobs Report 2023 explores how jobs and skills will evolve over …
Asia and the Pacific remains a dynamic region despite the somber backdrop of what looks to be shaping up as a challenging year for the world economy. Global growth is poised to decelerate as rising interest rates and Russia’s war in Ukraine weigh on activity. Inflation remains stubbornly high, and …
The paper analyzes how patent-economic growth relationship changes as population dynamics change. The literature on this relationship has not focused on the role of population growth rate, despite data showing that countries’ population growth trends have recently shifted from positive to declining and even negative. Obtain three main results: First, …
Real GDP expanded by 17.7 percent in 2022, with per capita incomes surpassing the pre-pandemic levels. On the supply side, accommodation, transport, and commerce explained 60 percent of growth. On the demand side, exports (mainly tourism) and private consumption accounted for growth. The rebound in economic activity in 2022 was …
The Gabon Economic Update is an annual World Bank publication that presents an overview of the evolving macroeconomic position in Gabon, followed by a detailed exploration of a specific topic in each edition. The first chapter analyzes recent economic developments, as well as the macroeconomic outlook and risks for Gabon’s …
Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to realize their long-term growth potential, according to this new report by the World Bank. Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to …
Growth in sub-Saharan Africa will decline to 3.6 percent this year. Amid a global slowdown, activity is expected to decelerate for a second year in a row. Still, this headline figure masks significant variation across the region. The funding squeeze will also impact the region’s longer-term outlook. A shortage of …
The United Nations Trade and Development Conference (UNCTAD) in its latest Trade and Development Report Update warns that developing countries are facing years of difficulty as the global economy slows down amid heightened financial turbulence. Annual growth across large parts of the global economy will fall below the performance registered …
The International Monetary Fund (IMF) forecast in their latest World Economic Outlook published, that global growth will bottom out at 2.8 percent this year before rising modestly to around three percent in 2024, representing a 0.1 per cent fall on its January projections. Global inflation is also heading down, signalling …
This policy brief, Addressing Public Debt Challenges to Effectively Pursue the SDGs: Regional Perspectives, is jointly prepared by the five Regional Commissions of the United Nations - namely, the Economic Commission for Africa (ECA), the Economic Commission for Europe (ECE), the Economic Commission for Latin America and the Caribbean (ECLAC), …
This policy brief, Addressing Public Debt Challenges to Effectively Pursue the SDGs: Regional Perspectives, is jointly prepared by the five Regional Commissions of the United Nations - namely, the Economic Commission for Africa (ECA), the Economic Commission for Europe (ECE), the Economic Commission for Latin America and the Caribbean (ECLAC), …
Economies in the Middle East and North Africa (MENA) are expected to grow at a slower pace in 2023, as double-digit food inflation adds pressure on poorer households and the impact of food insecurity can span generations, according to the World Bank’s latest economic update. Titled "Altered Destinies: The Long-Term …
The Survey, published annually since 1947, is a flagship publication produced by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). It provides analyses to guide policy discussion on the current and emerging socio-economic issues and policy challenges to support sustainable development in Asia and the …
Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World Bank report said. In the face of dampened growth prospects and rising debt levels, African governments must sharpen …
