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The global COVID-19 (Coronavirus) pandemic imposed both a supply and a demand shock on Nepal's economy, which adversely … affected growth. The global crisis induced by the pandemic initially impacted Nepal through the tourism sector, with arrivals … to tourism. On March 21, the Government of Nepal announced a nationwide lockdown, which affected industrial and …
Persistent link: https://www.econbiz.de/10012647390
Vietnam has successfully developed the electricity and gas sectors that have contributed substantially to the economic development of Vietnam. To date, near universal electrification has been achieved, and the industrial, commercial, and residential sectors benefit from increasingly reliable...
Persistent link: https://www.econbiz.de/10012645862
Vietnam has made remarkable economic progress over the past 30 years; however, growth was supported by increasing reliance on coal-based energy. The energy sector would continue the expansion of coal-based energy with the significant increase in the installed capacity of coal power plants under...
Persistent link: https://www.econbiz.de/10013415216
Systematic Country Diagnostics (SCDs) analyze the most critical constraints and opportunities to ending extreme poverty and promoting shared prosperity in a sustainable manner. The first SCD for Egypt was published in 2015. A lot has happened since then, so this SCD Update takes advantage of a...
Persistent link: https://www.econbiz.de/10012700655
A small open economy, Benin has seen growth that is above average for the region. The volatility of high growth spells combined with low productivity growth has translated into limited gains in income per capita. Following its transition from low-income country to lower middle income country...
Persistent link: https://www.econbiz.de/10013209113
The devastating impact of the Covid-19 pandemic on the Cambodian economy-where the growth slowdown was among the most pronounced in the East Asia and Pacific (EAP) region-lies in the country's growth generating process. Recent growth has been remarkable, but insufficiently diversified in...
Persistent link: https://www.econbiz.de/10013181629
Global growth is projected to be slightly faster in 2020 than the post-crisis low registered last year. While growth could be stronger if reduced trade tensions lead to a sustained reduction in uncertainty, the balance of risks to the outlook is to the downside. Growth in emerging market and...
Persistent link: https://www.econbiz.de/10012644282
South Asia emerged as the fastest growing region in the world in 2015, posting GDP growth of 7 percent. Weak oil and commodity prices, slowing capital flows and shrinking global trade contributed towards a deceleration of growth in most of the world's economies. South Asia - as a net importer of...
Persistent link: https://www.econbiz.de/10012644613
The aim of this note is twofold: (1) summarize emerging challenges and opportunities for the water sector in the Gulf Cooperation Council (GCC) countries; and (2) suggest ways to respond to these challenges where the World Bank's Water Global Practice can provide support. Following a description...
Persistent link: https://www.econbiz.de/10012644891
This report examines the role of infrastructure in explaining why the region lags so far behind the rest of the country. More importantly, it looks at how improved infrastructure may help the region catch up. Infrastructure is examined here through its impact on social as well as economic...
Persistent link: https://www.econbiz.de/10012644927