Over the past twenty years, fiscal policy has become one of the three pillars of macroeconomic stability for Colombia, the other two being the flexible exchange rate and inflation targeting. The credibility and sustainability of fiscal policy is the result of strong institutions (in particular,...

Albania is gradually emerging from the unprecedented economic disruptions caused by the coronavirus disease 2019 (COVID-19) pandemic. As the pandemic is overcome, it is crucial to shift attention back to Albania's long-term objective of building a stronger underlying economic growth model. This...

A large number of studies in recent years have attempted to analyze and quantify the myriad of restrictions holding back economic development in the West Bank and Gaza, but the full picture remains blurred. The main value proposition of this study is to assess and quantify the overall prospects...

This study seeks to understand the structure and workings of the labyrinth to propose a concrete escape. It attempts to answer the following questions. (1) Why is it that Chad could not translate the discovery of oil into structural development, economic diversification and sustainable growth?...

This report stems from the work initiated in the Systematic Country Diagnostic (SCD) forUzbekistan in May 2016, which identified the quality of job creation as a central, cross-cuttingtheme. The SCD emphasized that "over the medium term, creating high-productivity, high-paying jobs for...

After nearly a decade of strong growth fueled by the boom in commodity prices, Ghana's economy remains undiversified and vulnerable to external shocks.This report strives to analyze the main challenges for economic diversification from a productivity angle.In looking at a set of high-growth...

The objective of this report is to analyze sources of growth in Togo and required reforms in selected sectors (agriculture, manufacturing, transport and logistics, mining, and tourism) to allow the country to accelerate gross domestic product (GDP) growth, therefore creating a basis to move...

Slavonia's economy is now amongst the poorest in the European Union (EU) and has been growing more slowly than comparable regions. Some Polish and Romanian counties were less advanced until 2013 but have now overtaken Slavonia. Achieving a turnaround is difficult: only 9 percent of lagging...

Economic growth remains below pre-COVID-19 levels, mainly owing to protracted macroeconomic instability. Economic growth is estimated at 3.7 percent for 2023, with positive contributions from the services sector (for example, tourism, transport, and logistics) and mining. Electricity generation,...