World Bank Confirms Economic Downturn in Sub-Saharan Africa
Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into...
India Needs to Sustain Reforms to Stem Economic Slowdown
Faced with an unprecedented downturn, India needs to continue with critical reforms to reverse the sudden and steep impacts of COVID-19 on its economy,...
South Asia: Worst Economic Plunge, Informal Workers Hit Hardest
South Asia is set to plunge into its worst-ever recession as the devastating impacts of COVID-19 on the region’s economies linger on, taking a...
The Future of Work in Oil, Gas and Chemicals
The U.S. oil, natural gas and chemicals (OG&C) industry slashed 107,000 jobs from March to August 2020, the fastest rate of layoffs in the...
Improved capital markets can support Portugal’s COVID-19 recovery
Despite the strong economic performance and sustained reform momentum over the past few years, Portugal entered the COVID-19 crisis with undersized capital markets. These...
How Iraq Can Turn Economic Diversification into Growth and Stability
Nearly two decades after the 2003 war, Iraq finds itself at a crossroads: caught in a fragility trap and faced with increasing instability and...
Curbing Corruption in the Midst of a Pandemic is More Important Than Ever
Progress against corruption can be made even under the most challenging conditions, a new World Bank report finds. At a time when unprecedented levels...
A rapid rise in battery innovation is playing a key role in clean energy transitions
Affordable and flexible electricity storage technologies are set to catalyse transitions to clean energy around the world, enabling cleaner electricity to penetrate a burgeoning...
Russia Among Global Top Ten Improvers for Progress Made in Health and Education
Russia is among the top ten countries globally for improvements to human capital development over the last decade, according to the latest update of...
Accelerating Mongolia’s Development Requires a Shift “from Mines to Minds”
A new report by the World Bank estimates that out of every dollar in mineral revenues Mongolia has generated over the past 20 years,...