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The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both domestically and globally. Uncertainty is...
Persistent link: https://www.econbiz.de/10012604015
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Sierra Leone has made significant strides to rebuild its public infrastructure after the devastating civil war, but the desperate infrastructure needs remain. At the end of the conflict in 2002, the country was left with virtually no infrastructure. Redevelopment of public infrastructure was...
Persistent link: https://www.econbiz.de/10012516444
The economy is recovering from a historic downturn thanks to policy support, rebounding oil prices and international financial assistance. Benefiting from the authorities' pro-active approach, COVID-19 infection rates and fatalities have been contained. With higher oil prices and the country...
Persistent link: https://www.econbiz.de/10013169093
Kenya's medium-term economic outlook remains positive, supported by the authorities' continued firm commitment to their economic program amidst a complex environment. Economic recovery is well underway, but Kenya's Sustainable Development Goals (SDGs) have suffered significant setbacks, and...
Persistent link: https://www.econbiz.de/10013169521
After almost a decade of strong growth, the WAEMU region is facing severe challenges from a triple crisis impacting the health, economic and security situations. Both fiscal and monetary policies were relaxed significantly in 2020 to contain the pandemic and support the economy. A gradual fiscal...
Persistent link: https://www.econbiz.de/10012516495
disengagement with Mali and an economic blockade by ECOWAS until the appointment of a transitional government in October. Fund … ECF. The transitional government, which will be in place for 18 months until general elections, announced its full … adherence to the international obligations and commitments of the previous government, including the reform agenda under the ECF …
Persistent link: https://www.econbiz.de/10012517600
Ghana has been hit hard by the pandemic. The government's proactive response helped contain the spread of COVID-19 …
Persistent link: https://www.econbiz.de/10012604319
Burundi is a fragile state with a history of political tensions and weak institutions. Before the Covid-19 pandemic, Burundi was recovering from an economic recession triggered by the 2015 political crisis stemming from the late President Nkurunziza's decision to run for a third term. Real GDP...
Persistent link: https://www.econbiz.de/10012697109
fragility manifests in low fiscal revenue, insufficient government investment in human and physical capital, and pronounced … vulnerability to shocks; while institutional fragility manifests in governance challenges, low government implementation capacity …
Persistent link: https://www.econbiz.de/10012697162