Sri Lanka is a small island nation lying in the Indian Ocean and consists of a mountainous area in the south-central region and a surrounding coastal plain. The climate of Sri Lanka is wet and warm, ideal for forest growth. Over the last century, more than two-thirds of this forest cover, rich...

Sri Lanka has made significant strides in social and economic development over the past decade. Economic growth has averaged over seven percent a year over the past five years, following an average growth rate of six percent in the preceding five years. However, these advancements mask several...

Sri Lanka is facing a challenging macroeconomic landscape. The post-conflict high growth momentum has decelerated. A volatile global environment and structurally weak competitiveness continue to weaken growth and external sector performance. High interest costs mask limited fiscal improvement....

On July 1, 2020, Mauritius officially joined the ranks of High-Income Countries (HIC). It is a cruel historical irony that Mauritius reached the High-Income milestone during one of the worst years in its history. Mauritius delivered a highly successful health response to the global Covid-19...

The special topic of this edition of the Macroeconomic Monitoring report focuses on the TC administration's 'public' financial support to the agriculture sector. Due to the Turkish lira depreciation, the recent adverse climate conditions, and exacerbated by the COVID-19 crisis, the agriculture...

This report examines the extent of gender gaps and their economic impact in Chad. It proposes policies for improving gender equality, taking into account the challenges posed by COVID-19. Although the Government of Chad has taken actions designed to boost gender equality, significant challenges...

Although global economic activity is recovering and output in Europe and Central Asia (ECA) is expected to grow in 2021, containing COVID-19 remains a challenge in the region. Enterprise survey data for the emerging and developing countries in the region show that COVID-19 had a profound and...

Long COVID: Scars and Opportunity. The title of this report has two meanings. First, that the disease will leave in its wake a durably damaged economy. Second, that the disease is not leaving any time soon and may be here to stay. This duality reflects the two themes of this Update. In the near...

South Africa is set to emerge from the crisis weaker than it had been going into it. However, this Economic Update argues that the reasons for low growth and high unemployment do not lie in the government's crisis response, which has generally been sound. Growth is expected to reach 4 percent in...