Peru achieved remarkable economic success between 2002 and 2013 through structural reforms and prudent macroeconomic policies, nearly doubling the regional average with an annual growth rate of 6.1 percent...
The countries of Europe and Central Asia (ECA) embarked on a remarkable journey more than three decades ago. In the early 1990s, they began transitioning from planned to market economies, supported by...
Over the past few decades, fiscal policy has been about 30 percent more procyclical and about 40 percent more volatile in commodity-exporting emerging markets and developing economies (EMDEs) than in other...
Indonesia’s economy remains resilient, buoyed by strong domestic demand and a recovering service sector. The current account deficit widened, driven by moderating terms of trade and cyclical factors that...
The Country Opinion Survey in Morocco assists the World Bank Group (WBG) in better understanding how stakeholders in Morocco perceive the WBG. It provides the WBG with systematic feedback from national...
The Country Opinion Survey in Morocco assists the World Bank Group (WBG) in better understanding how stakeholders in Morocco perceive the WBG. It provides the WBG with systematic feedback from national...
This paper develops a “plausible worst-case” scenario for Cambodia to illustrate how a severe, 1-in-10-year flood could trigger cascading impacts, including widespread disease outbreaks and financial instability...
Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation...
The development objective of Strengthening Government Capacity for Fiscal Reform Implementation Project for Ukraine is to enhance the government's capacity to plan and finance recovery and reconstruction...
This report is part of the “Energy Subsidy Reform in Action” series produced by the ESMAP Energy Subsidy Reform Facility, with the objective of drawing insights from recent experiences and emerging approaches...
The Country Opinion Survey in El Salvador assists the World Bank Group (WBG) in better understanding how stakeholders in El Salvador perceive the WBG. It provides the WBG with systematic feedback from...
Guyana remains one of the world's fastest-growing economies following the development of its oil and gas sector. The government is implementing an ambitious investment program to transform the non-oil...
Economic growth continues to be suppressed by the extended oil output cuts but is projected to gradually pick up in FY2025 given a likely increase in oil production starting in 2025. The non-oil sector...
Growth recovery has been modest since 2022, constrained by low energy supply, and declining external financing. It is projected at 1.1 percent in 2024 and to gradually improve in the medium-term supported...
Economic growth is slowing from the strong rebound of 2023 and is estimated at 5.0 percent in 2024. Poverty remains high as the link between growth and poverty reduction has weakened. Inflation is falling...
As the economy is stagnating due to extended OPEC+ production quotas, an expansionary fiscal stance and strong imports are expected to transform the surpluses of fiscal and external accounts into deficits...
After contracting by 5.7 percent in 2023, economic activity in Equatorial Guinea is projected to pick up in 2024 mainly supported by stronger hydrocarbon output. Fiscal and external positions are expected...
GDP growth is projected to reach 3.7 percent in 2024 (0.6 percent per capita), supported by agriculture and services, while continuing electricity shortages are expected to hinder industrial production...
The growth momentum was sustained in the first half of 2024 despite moderating household consumption. Domestic demand was buoyed by higher public consumption and investment. Medium-term growth is expected...