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...
Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development...
China’s economy had a strong start to the year, but a deeper contraction of the property sector and weaker consumption weighed on growth in the second quarter. Growth is projected at 4.8 percent in 2024...
China’s economy had a strong start to the year, but a deeper contraction of the property sector and weaker consumption weighed on growth in the second quarter. Growth is projected at 4.8 percent in 2024...
This is a Performance and Learning Review (PLR) of the World Bank Country Partnership Framework (CPF) for Indonesia for the period FY2021 to FY2025. It incorporates Indonesia’s current economic and social...
Leveraging large-scale investments and financing, Egypt undertook monetary adjustments to address the foreign currency crisis sparked by macroeconomic imbalances and global shocks. Growth is forecast to...
This manual provides guidance to evaluators preparing ICRRs on ICRs for development policy financing operations. It provides guidance for and gives examples of how to structure ICRRs with respect to content...
This Country Climate and Development Report (CCDR) for the West Bank and Gaza examines the social and macroeconomic impacts of climate change under three alternative scenarios that reflect different levels...
The development objective of the First Equitable and Resilient Growth Development Policy Operation (DPO) for Madagascar is: (i) strengthening governance and climate-smart and decentralized fiscal management...
Following the strong performance in 2022, economic growth is expected to taper off in 2023 driven by stagnant oil production, as part of OPEC+ agreed production schedule. Inflation remains contained supported...
Growth is expected to slow to 4.3 percent in 2023 amid a substantial slowdown in external demand. Deeper slowdown in major economies, uncertainty surrounding inflation, and relatively high debt levels...
Strong private consumption and further tourism recovery, especially after the reopening of China’s border, will continue to support economic growth, rising household incomes, and a decline in the poverty...
Jordan has shown resilience vis-à-vis major regional and global crises. However, labor market conditions suggest that incomes have not recovered after COVID, while climate change risks exacerbate food...
Economic growth is accelerating driven by both a continued robust non-hydrocarbon activity and hydrocarbon production expansion. Higher oil prices and renewed fiscal reforms momentum are improving fiscal...
COVID-19 led to recessions in the Federated States of Micronesia (FSM), Republic of the Marshall Islands (RMI), and Palau. Economic activity remained subdued in FY22, and to gain momentum from FY23 onwards...
The Palestinian economy’s post-pandemic recovery continued during 2022, albeit at a slower rate compared to the 2021 rebound. Despite a significant narrowing of the deficit in 2022, the fiscal situation...
Mongolia’s real gross domestic product (GDP) growth is projected to recover to 5.2 percent in 2023, fueled by a rapid rebound in mining production and robust growth in services. Despite the recovery, poverty...
Strong private consumption and further tourism recovery, especially after the reopening of China’s border, will continue to support economic growth, rising household incomes, and a decline in the poverty...
Economic activity in Djibouti remains resilient while soaring global prices associated with Russia’s invasion of Ukraine, combined with regional tensions and severe drought in the Horn of Africa, translate...
Morocco has undergone a sharp deceleration due to domestic and international shocks: a drought and high commodity prices. This triggered supply-driven inflationary pressures that have broadened, disproportionately...