The ongoing health and security crisis have partly undermined the benefits from past years of strengthening economic growth. Sustaining an upward trend over the recent years, real growth stood at 5.9 percent in 2019. However, it fell to 3.6 percent in 2020, because of the pandemic and...

The report and the summary review the recent economic and fiscal performance of Mongolia; outline current medium-term prospects of Mongolia's economy; discuss short-term risks and structural vulnerabilities; and comment on the efficiency of past public investment programs and practices

Sao Tome and Principe (STP), a small island nation of 215,000 people in the Gulf of Guinea off the coast of Central Africa, is in many ways a country of great untapped wealth. One of Africa's least known countries, its striking volcanic landscape is home to virgin rainforests with rich...

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...

Recent policy measures have contributed to macroeconomic stability. However, with significant risks stemming from both domestic and external fronts, the balance of risks is tilted towards downside. To sustain growth, create more and better jobs and reduce poverty Sri Lanka needs to implement and...

Solomon Islands is a small, remote archipelago in the South Pacific that faces a fairly unique set of development challenges. Solomon Islands is now at a critical juncture in its development trajectory. Neither the economic geography nor the present political economy of Solomon Islands is...

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...

One of the key objectives of this first SCD of the Republic of Congo is to serve as an essential input to the Country Partnership Framework. The SCD is not intended to carry out substantial new analytical work, but rather to draw upon and synthesize the existing evidence. A substantial amount of...

Angola is endowed with significant natural wealth, but it will need to better manage these resources and reinvest them into other forms of capital to establish a sustainable development path. Before independence, the country was a relatively advanced economy with diverse exports, although its...