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 …
The 7th Malawi National Human Development Report with the theme, “Delivering Sustainable Human Development and Accountability at the Local Level – The Experience of Decentralization in Malawi," aims to promote district focused approach to human development, by proposing policies and strategies for strengthening local governance structures in the development process, …
This report outlines economic prospects in developing Asia amid global turbulence and lingering pandemic risks. It discusses the implications of school closures and the invasion of Ukraine, and explores mobilizing taxes for development. Developing Asia’s outlook remains positive, with growth of 5.2% expected in 2022 and 5.3% in 2023. Downside …
Africa is facing a crisis of extreme inequality which is undermining growth, preventing poverty eradication and contributing to insecurity. The six richest African billionaires are now wealthier than the poorest 50% of Africans combined. This briefing paper shows that COVID-19 has deepened this crisis, and that the responses of African …
The UN’s trade and development body has downgraded its global economic growth projection for 2022 to 2.6% from 3.6% due to the Ukraine war and to changes in macroeconomic policies made by countries in recent months. While Russia will experience a deep recession this year, significant slowdowns in growth are …
Tanzania has made important achievements in expanding women’s economic opportunities over the past 20 years. The female labor-force participation rate rose from 67% in 2000 to 80% in 2019, well above the average of 63% for Sub-Saharan Africa and among the highest rates on the continent. In addition, more Tanzanian …
High income inequality can engender a wide range of negative impacts. It can harm child development, increase ill-health and mortality, limit the status of women, generate distrust in government, exacerbate levels of violence and social unrest, slow the pace of poverty reduction and hinder economic growth. The Asia-Pacific region is …
This paper proposes a projection of macroeconomic and environmental conditions to 2030 in order to help clarify some of the likely major Economic and Environmental challenges facing Developing Economies in their efforts to achieve the Sustainable Development Goals. Using the United Nations Policy Model, the paper also assesses the dynamics …
RES4Africa Foundation, IRENA and the UN Economic Commission for Africa have developed a joint report analysing the job and socioeconomic impact of clean energy investments on the African continent. Towards a prosperous and sustainable Africa: maximising the socio-economic gains of Africa’s energy transition identifies the opportunities Europe and Africa have …
World Development Report 2022: Finance for an Equitable Recovery examines the central role of finance in the economic recovery from COVID-19. Based on an in-depth look at the consequences of the crisis most likely to affect low- and middle-income economies, it advocates a set of policies and measures to mitigate …
Sluggish growth, low human capital, labor market weaknesses, and exposure to shocks are holding Nigeria’s poverty reduction back says a new World Bank report “A Better Future for All Nigerians: Nigeria Poverty Assessment 2022”. The report represents the culmination of the World Bank’s engagement on poverty- and inequality-relevant data and …
Climate change is impacting Africa disproportionately and will continue to do so, primarily by affecting the sectors that are key to the livelihoods of vulnerable communities, such as agriculture, forestry and fisheries. Protecting natural areas and providing access to energy and quality infrastructure remain challenging in many countries on the …
The global economic recovery is facing significant headwinds amid new waves of COVID-19 infections, persistent labour market challenges, lingering supply-chain challenges and rising inflationary pressures. After expanding by 5.5 per cent in 2021, the global output is projected to grow by only 4.0 per cent in 2022 and 3.5 per …
The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast horizon. The outlook is clouded by various downside risks, …
Global economic growth has picked up in 2021 and has now surpassed its pre-pandemic level. The National Bank of Rwanda (NBR) has maintained an accommodative monetary stance and other measures to support the recovery, taking advantage of low inflation. The government’s continued fiscal expansion is also providing support to the …
To achieve quality growth over the medium-term, China will need to rebalance its economy across several dimensions, according to Rebalancing Act, From Recovery to High-Quality Growth, the latest China Economic Update released by the World Bank. Following a strong rebound in the first half of 2021, economic activity in China …
In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire them within 15 years through an energy transition mechanism (ETM). According to the Institute for Energy Economics and Financial Analysis’ (IEEFA) latest report, if the ETM is …
The African Continental Free Trade Area (AfCFTA) could reduce COVID-19-induced growth contraction, poverty and inequality trends and spur sustainable and inclusive growth on the continent if stronger support measures targeting women, young traders and small businesses are implemented, according to UNCTAD’s Economic Development in Africa Report 2021. The report shows …
The Egyptian economy continues to show the resilience it has displayed throughout the COVID-19 pandemic, due to the macroeconomic and energy sector reforms it has implemented in recent years, along with measures taken to ease monetary conditions, provide selected sectoral support, and mobilize external financing. Real GDP growth and foreign …
Uganda’s economic recovery will be faster, stronger, and more sustainable if it brings more women into the center of profitable economic activity, according to the 18th edition of the Uganda Economic Update (UEU). Uganda Economic Update: Putting Women at the Center of Uganda’s Economic Revival, which projects the country’s economic …
Already the poorest country in Asia, Afghanistan’s economic base has long been too small to support its population of 40 million. Annual per capita income had declined from US$650 in 2012 to US$508 in 2020 and is expected to drop precipitously to US$350 next year. The report indicates that the …
