Market nervousness concerning the fiscal positions of several European high-income countries poses a new challenge for the world economy. This arises as the recovery is transitioning toward a more mature phase during which the influence of rebound factors (such as fiscal stimulus) fades, and...

The main conclusion of Country Economic Memorandum is that the previous model of extensive growth has now exhausted its potential and must be renewed. Given the existing population dynamics, low environmental tolerance due to its Sahelian climate and competition forces imposed due to its open...

This report brings together three budget notes that assess Kenya's fiscal capacity to respond to global crisis and deliver shared growth without compromising macroeconomic stability. The report is organized into three notes. The key messages from this analysis point to areas where Kenya's fiscal...

While the world economy continues to be unsettled, economic growth in Kazakhstan has been solid. Strong domestic demand, coupled with increased oil output and favorable weather conditions, is likely to boost economic growth. An expansion of credit was the key driver of growth in private...

Reducing the footprint of growth requires a focus on three key issues: a) transforming urban areas into greener, more efficient, resilient, and socially inclusive cities, better able to capture the economic benefits associated with urbanization; b) ensuring sound management of the brown...

Kazakhstan aspires to become one of the world s 30 most developed economies by 2050. The focus is on laying the basis for the accelerated diversification of the economy through industrialization and infrastructure development, including enhancing human capital to drive innovation and economic...

Several countries such as Japan, Brazil, Thailand and Turkey have achieved universal health coverage (UHC) and are proof of how UHC programs can serve as vital mechanisms for improving the health and welfare of the country's citizens. The UHC strives to ensure that no family is forced into...

The world economy is emerging from the throes of a historically deep and synchronized recession provoked by the bursting of a global financial bubble. The consequences of the initial bubble and the crisis have been felt in virtually every economy, whether or not it participated directly in the...

The overall impact of financial globalization on the domestic financial sector is profound. Liberalization of capital flows has effectively made domestic financial repression obsolete. The consequences have not been uniformly favorable. Following liberalization, domestic interest rates in...

This report builds on the consensus developed at the August 2002 Johannesburg World Summit on Sustainable Development. It draws on the effort to achieve the Millennium Development Goals by 2015. And it looks beyond, to 2050, to envision a future that is far more prosperous and more equitable...