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Over the period 2019-21, Albania had to confront dual shocks: the 2019 earthquake and the COVID-19 pandemic. Both had sizable impacts on the country's economy. The COVID-19 pandemic took a heavy toll on an economy already affected by the earthquake in 2019. Key sectors were put in lockdown in...
Persistent link: https://www.econbiz.de/10013254959
City local governments have been facing multiple challenges due to the COVID-19 pandemic to secure adequate financial resources for response and recovery. This report assesses the impact of the pandemic on local governments' financial situations through cross-country analysis and comparison....
Persistent link: https://www.econbiz.de/10013255013
The COVID-19 pandemic is posing an existential threat to the air transport sector globally, including in Africa. Due to sustained and significant loss of revenue coupled with the presence of several fixed and quasi-fixed inputs in this sector, the survival of carriers is questionable in the...
Persistent link: https://www.econbiz.de/10013255122
All countries across South Asia, faced with the rising risks of COVID-19 infection rates, implemented severe economic lockdowns in early 2020 with varying frequencies and time periods. While the exact nature and duration of these lockdowns varied across countries in the South Asia Region (SAR),...
Persistent link: https://www.econbiz.de/10013254916
other regions in the world to respond to the COVID-19 pandemic. The region also faces challenges from other emerging … diseases, re-emerging diseases, and climate change. Since 2020, the Central Asian regional economies, as the rest of the world … security and achieving gains in development. The World Bank has been actively engaged in Central Asia for over two decades and …
Persistent link: https://www.econbiz.de/10014579982
"Indonesia's oil revenues and fuel subsidies dominate the nation's economic policy agenda. This paper estimates the impact of higher international oil prices on the Indonesian government's fiscal position in 2008 and beyond. It analyzes the interactions between government revenues and...
Persistent link: https://www.econbiz.de/10010521041
With the COVID-19 pandemic, the development context for the world is fundamentally challenged in many ways. The …
Persistent link: https://www.econbiz.de/10014580022
This evaluation assesses the quality of the World Bank's early response to the COVID-19 crisis and the initial steps … Evaluation Group evaluation looks at the World Bank Group support to address the economic implications of the pandemic. To assess … recommendations for ensuring stronger future preparedness: (i) Use the World Bank's crisis recovery efforts to strengthen the …
Persistent link: https://www.econbiz.de/10013544810
This note provides an update on the WBG's COVID-19 Crisis Response, outlined in June 2020 to help developing countries address the impacts of the pandemic while maintaining a line of sight to long-term development goals. It comprises five short sections: (I) the impacts of COVID-19 and...
Persistent link: https://www.econbiz.de/10013545594
For some Latin American countries - especially, the oil importers in the Caribbean - rising energy prices could pose a significant threat to their current account sustainability, particularly if they are accompanied by other negative shocks. In some countries the fiscal costs associated with...
Persistent link: https://www.econbiz.de/10012556950