The World Bank Group (WBG) has long recognized that the restoration and preservationof cultural heritage, urban regeneration, and sustainable tourism can play a vital role in developing countries' efforts to promote local economic development, accelerate social integration, and alleviate...

Digitalization is increasing rapidly worldwide, requiring more energy, and resulting in greenhouse gas (GHG) emissions. According to International Telecommunication Union (ITU) two thirds of the world's population are now online. Estimates of the internet and communication technology (ICT)...

Although Brazil is the fifth largest country in the world, it has a relatively low number of natural hazards. However, its exposure to natural hazards has increased relative to other countries because of insufficient preventive actions in the past, resulting in more damage from natural hazards...

This retrospective examines how the World Bank's strategic use of climate-related trust funds has enabled it to play an outsized role in catalyzing climate action worldwide for nearly 30 years. By looking back at the history of climate and carbon finance, with a focus on the pioneering role of...

Lao PDR faces a great opportunity to develop its tourism sector, in particular nature-based tourism (NBT), to create greener, more resilient economic growth and good jobs from its attractive landscapes and wildlife. Throughout the world, NBT is the fastest growing segment of tourism, and the...

Conservation and tourism contribute to greener economic growth in many countries. Although protected areas have often been viewed as land excluded from economic development for the purposes of environmental conservation, many countries have realized their powerful economic potential through...

The Rwandan economy continued to achieve strong growth in 2022 in the face of weakening external demand and restrictive monetary policies required to control inflation. Rising food prices particularly affected the poor, who devote a large share of their spending to food and appear to have faced...

Economic activity in Uganda is accelerating despite commodity-price inflation, global monetary tightening, international supply-chain bottlenecks, and a local Ebola outbreak. Real GDP growth is estimated to reach 5.7 percent in FY22/23, albeit still below the pre-COVID-19 projection of 6.5...

The pandemic severely disrupted economic activity in Tanzania, and the World Bank's latest firm-level data suggest that the situation had only modestly improved by the end of 2020. New data sources show that COVID-19 continues to weigh heavily on employment and income. Data for the first quarter...

This report aims to provide a market overview that describes the main characteristics and size of current and future demand for tourism products delivered by and based in local communities in Africa. If demand is better understood, supply can be better developed and better placed to take...