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This report presents an analysis conducted by the World Bank to assess macro-fiscal impacts of earthquakes and floods in European Union (EU) Member States (MS), analyze the financial instruments in place to manage this risk and identify any associated funding gaps. The analysis is underpinned by...
Persistent link: https://www.econbiz.de/10012603726
Following a decade of conflicts, Western Balkan countries accomplished robust economic growth in the 2000s. This growth pattern was domestic demand driven and externally financed, hence was hampered significantly by the global financial crisis and subsequent euro area debt crisis. Despite modest...
Persistent link: https://www.econbiz.de/10012644528
The report aims to explore and analyze the major gaps in financial inclusion and access to finance in Romania, as identified in the Technical Note on Financial Intermediation prepared in the context of the Financial Sector Assessment Program (FSAP) (2018). The FSAP technical note analyzed the...
Persistent link: https://www.econbiz.de/10012647052
thus less dependent on China's BRI overland corridors for trade, investment and growth. Nevertheless, the Georgian … government is investing in the one BRI corridor China, Europe route that passes through the Caucuses, partly because it provides … a faster route to China. The potential for larger volume of Chinese transit cargo on this route may also be attractive …
Persistent link: https://www.econbiz.de/10012647285
Armenia is a small land-locked mountainous country with relatively difficult access to regional and global markets. The borders with Azerbaijan in the east and with Turkey in the southwest and west are closed. Only the borders with Georgia in the north and Iran in the south are open for trade...
Persistent link: https://www.econbiz.de/10012647286
Uzbekistan is a resource-rich country with a relatively young population of 33 million, the largest in Central Asia. It is also a geographic pivot for the region, bordering all other Central Asian countries and Afghanistan, with transit connections in all directions. As a double landlocked...
Persistent link: https://www.econbiz.de/10012647287
: importing goods through both formal and informal trade systems, mainly from China, and re-exporting (in few cases with some …
Persistent link: https://www.econbiz.de/10012647288
Tajikistan is the poorest country in the region despite strong growth for nearly two decades; sustaining growth in future will need substantially higher growth in private investment and exports. Its per capita income (GNI) is close to USD 1,000 but nearly a third of its population, of around 9...
Persistent link: https://www.econbiz.de/10012647289
Kazakhstan is an upper-middle income, resource rich country. Its ascent to upper-middle income status was propelled by rising oil production and booming oil prices which pushed the average annual rate to above 7 percent during 2000-2013. The halving of world oil prices and lower export demand...
Persistent link: https://www.econbiz.de/10012647290
Persistent link: https://www.econbiz.de/10012644898