Carbon prices are needed to incorporate climate change costs into economic decision making. Carbon pricing should be included as part of a broader arsenal of tools to achieve domestic climate targets, but it is not a silver bullet: other policy instruments and investments (for example, public...

Welcome to the Spring 2019 edition of the World Bank's Madagascar Economic Update, which presents recent economic developments and our medium-term outlook. The economy has continued to perform well, with growth in 2018 estimated at 5.2 percent, above regional and global averages. External demand...

This document aims to succinctly summarize the climate risks faced by Azerbaijan. This includes rapid onset and long-term changes in key climate parameters, as well as impacts of these changes on communities, livelihoods, and economies, many of which are already underway. This is a high-level...

Georgia is located in the South Caucasus region, sharing land borders with Russia to the north, Turkey to the southwest, Armenia to the south, and Azerbaijan to the east. Over the past two decades, Georgia has experienced significant economic change, urbanization, and displaced populations (due...

The coronavirus disease (COVID-19) pandemic has led to unprecedented adverse social and economic impacts. Further, the pandemic has demonstrated the compounding impacts of adding yet another shock on top of the multiple challenges that vulnerable populations already face in day-to-day life, with...

The Republic of Indonesia, herein Indonesia, is the world's largest archipelagic state, consisting of more than 17,500 islands with over 81,000 kilometres (km) of coastline, a population of 270.6 million as of 2019 and the largest economy in Southeast Asia. Indonesia is highly vulnerable to...

The Republic of Kazakhstan is located in Central Asia, the country shares borders with the Russian Federation to the north, China to the east, and Turkmenistan, Uzbekistan, and the Kyrgyz Republic to the south. The Caspian Sea forms a natural boundary to the west. Kazakhstan contains...

The Kyrgyz Republic is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the southwest, and China to the east. A wide variety of natural hazards also affect the Kyrgyz Republic. Earthquakes are common and have led to loss of life and significant damage to infrastructure...