Rethinking Productivity Will Be Key to Sustaining and Expanding the Dynamic Economic Growth of the Dominican Republic
Over the last two decades the Dominican Republic has been one of the fastest growing economies in Latin America and the Caribbean. But maintaining this dynamic growth in the future, and spreading its benefits to more areas and families experiencing...
IMF Executive Board Concludes 2022 Article IV Consultation with United Arab Emirates
The Executive Board of the International Monetary Fund (IMF) concluded the 2022 Article IV consultation with the United Arab Emirates.
UAE economic growth strengthened in 2022, benefitting from a rapid and effective COVID response, supportive...
IMF Executive Board Concludes 2023 Article IV Consultation with Indonesia
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Indonesia on May 22, 2023.
Indonesia’s forward-looking, and well-coordinated policies helped it close out the highly challenging global...
IMF Staff Concludes Visit to Antigua and Barbuda
An International Monetary Fund (IMF) team, led by Ms. Emine Boz, visited Antigua and Barbuda during June 19–23, 2023 and met government officials and other counterparts to discuss recent economic developments, economic outlook, and policy priorities...
World Bank Supports Ghana to Modernize and Diversify its Tree Crops Sector to Accelerate Productivity, Resilience, and Industrialization
The Government of Ghana on June 23 received approval of $200 million financing from the International Development Association (IDA) for the Ghana Tree Crop Diversification Project (TCDP) to diversify and grow its economy through modernizing...
One in every 10 children works - instead of going to school
Children carry bundles of sticks along the road in North Kivu province in the...
Government of Nepal and the World Bank Sign $120 Million Concessional Loan Financing Agreement and $19.7 Million Grant Agreement to Strengthen Nepal’s School Sector
The Government of Nepal and the World Bank on 31 May signed a financing agreement for $120 million concessional loan from the International Development Association and a grant agreement for $19.7 million from the Global Partnership for Education for...
GCC Economic Growth Expected to Slow to 2.5% in 2023
The economies of the Gulf Cooperation Council (GCC) are projected to grow at a slower pace in 2023 compared to the previous year, in the face of lower oil and gas earnings and a global economic slowdown, according to the new World Bank Gulf Economic...
Lebanon: Normalization of Crisis is No Road to Stabilization
Behind a façade of normalization of crisis conditions, the Lebanese economy remains in precipitous decline, markedly distant from a stabilization path, let alone a recovery path, according to the latest World Bank Lebanon Economic Monitor released...
TSRI and World Bank Partner to Strengthen Innovation in Thailand
The Thailand Science, Research and Innovation (TSRI) agency and the World Bank have partnered to strengthen national innovation policies and drive productivity growth in Thailand. Accordingly, the two sides will conduct a Policy Effectiveness Review (...
