Comprehensive Reforms Can Help Nepal Escape Low-Growth Trap, Says World Bank Report
Despite rapid reduction in poverty, Nepal’s development path is not helping it escape a low-growth trap, says the World Bank in a new report, Climbing Higher: Toward A Middle Income Nepal, released on May 23th. Without comprehensive reforms to address...
Pakistan to Record Highest Growth Rate in Nine Years: WB Report
Pakistan’s Gross Domestic Product growth in Fiscal Year 2017 is expected to climb to 5.2 percent — the highest in nine years -- and the growth rate will continue to accelerate, reaching 5.5 percent in FY18 and 5.8 percent in FY19.
IMF Executive Board Concludes 2017 Article IV Consultation with Brunei Darussalam
On April 25, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Brunei Darussalam and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis.
Unlock the potential of African entrepreneurs for accelerating Africa’s industrial transformation, says the African Economic Outlook 2017
African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released on May 22th, at the African Development Bank Group’s 52nd Annual Meetings.
IMF Staff Completes Review Visit to Guinea-Bissau
An International Monetary Fund (IMF) team led by Tobias Rasmussen visited Guinea-Bissau from May 10 to 19, 2017, to conduct discussions on the third review of Guinea Bissau’s IMF-supported program under the Extended Credit Facility (ECF).
Bhutan, World Bank Sign $8 Million Grant to Increase Agricultural Productivity
The Royal Government of Bhutan and the World Bank signed a $8 million Global Agriculture Food Security Program (GAFSP) grant that will help increase agricultural productivity and enhance access to markets for farmers in selected gewogs in Southwest...
Nigeria Faces Prospects of Fragile Economic Recovery in 2017
Nigeria can build on the oil-driven economic recovery anticipated for it in 2017 by strengthening its macroeconomic policy framework and implementing the structural reforms needed to diversify the economy and break out of a boom and bust cycle,...
IMF Staff Completes 2017 Article IV Visit to Oman
An International Monetary Fund (IMF) team led by Allison Holland visited Muscat from May 3-16 to hold the 2017 Article IV consultation discussions with Oman.
Russia Can Gain More from a Digital Transformation, says World Bank
Russia is uniquely positioned to exploit advantages in the digital arena in order to promote economic growth and improve its business environment. Early reforms in Russia’s telecommunications sector enabled faster, more accessible and more affordable...
Continued slowdown in productivity growth weighs down on living standards
