The Yugo, a communist-era car from the former Yugoslavia, was widely ridiculed for shedding its parts on roads across Europe and the United States. Zastava, which made Yugo, fared even worse than its product. After the Balkan conflicts of the 1990s, the factory was reduced to producing only...

The Madagascar Urbanization Review aims to: - Contribute to the 2019 National Policy for Urban Development (Politique National de Developpement Urbain), the main policy document outlining the priorities for cities in Madagascar. - Serve as a diagnostic tool to identify the key barriers to...

Croatia, a founding member of the former Republic of Yugoslavia and a current member of the European Union (EU), is a high-income country in Europe and Central Asia. Given that high quality financial reporting promotes good corporate governance, reduces uncertainty and risk, can help to lower...

This report was developed as part of the technical assistance program 'Phase 2 - Economics of Prevention and Preparedness (EDPP) in European Union (EU) Member States (MS) and Countries under EU Civil Protection Mechanism' (UCPM). The report has been prepared for the Directorate-General for...

Since its independence in 1991 and until prior to the global financial crisis (GFC) in 2008-09, Armenia was considered an important success story among the transition economies. Indeed, over several years, the country displayed a record of sustained macroeconomic achievements, reflected in high...

For a small and landlocked country like North Macedonia, trade integration is particularly important to sustain the country's economic growth and transformation. The importance of trade became even more visible during a global crisis and in the post-pandemic recovery period. Trade integration...

The Europe and Central Asia (ECA) Education Team's vision is for education systems to empower all to reach their full potential. In line with this vision, the purpose of this guidance note is to provide recommendations and policy advice for decision-makers on potential education responses to the...

The Eastern Partnership (EaP) is a joint policy initiative, which aims to deepen and strengthen relations between the European Union (EU) and its six Eastern neighbours. One of its four priority areas is stronger connectivity which includes the extension of the Trans European Transport Network...

Governments play a critical role in the economies of Europe and Central Asia, where government expenditures are close to 40 percent of gross domestic product and the public sector accounts for nearly 27 percent of total employment, which is almost twice the global average. The public sector...

Since February 2022, geopolitical events have made clear Europe's need to diversify its energy sources and avoid excessive dependence on fossil fuel imports. The drop in Russian natural gas flows to Europe in 2022 marked the single largest supply shock in the history of global gas markets. It...