The Philippines' economic growth outlook remains positive, yet downside risks have increased. An expected slowdown in global trade in the medium term is likely to further dampen Philippine exports. Nevertheless, baseline economic growth is projected at 6.5 percent in 2018, 6.7 percent in 2019,...

Following an initial spike in early 2018, Armenia's economic performance slowed during the rest of the year, but still estimated to have above 5 percent growth for the year. Inflationary pressures remained low, while the external balances deteriorated. The overperformance of the fiscal accounts...

Cabo Verde's climate exposure, partly also because of its geography, is compounded by economic vulnerabilities. The country has experienced robust economic growth since the early 1990s and achieved a substantial reduction in poverty, but growth has been volatile and has slowed in recent years....

The Democratic Republic of the Congo (DRC) is a classic example of the paradox of plenty, since the country is extremely rich in natural resources while its population is extremely poor. It is the largest country in Sub-Saharan Africa (SSA) with a total surface area of about 234 million hectares...

Over the last decade Rwanda has developed an exemplary identification ecosystem and has accumulated practical knowledge and experience that deserve to be shared with other African nations who may find it useful and inspiring as they attempt to build their own identification schemes. While the...

In today's digital age, robust, inclusive, and responsible civil registration and identification systems play an important role in providing citizens with a legal identity and generating vital and demographic statistics. Universal coverage of these systems improves the accessibility, integrity,...

Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. Several risks cloud the outlook, including those related to the pandemic and to...

In Jordan, natural resource scarcity and import dependence mean pronounced climate change impacts are inevitable and adapting to climate change is a pressing development priority. A new World Bank diagnostic tool, The Country Climate and Development Report explores the linkages between climate...

Global growth is projected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia's invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs)...

Global growth is projected to slow significantly in the second half of this year, with weakness continuing in 2024. Inflation pressures persist, and tight monetary policy is expected to weigh substantially on activity. The possibility of more widespread bank turmoil and tighter monetary policy...