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...

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...

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...

Resilient Housing (RH) initiatives are a crucial means of improving access to safe and sanitary housing in urban areas of high vulnerability. These projects make residents safer, healthier, and more secure, and increase the economic inclusion of the world's poorest populations. They upgrade...

Moldova, like many other countries in the region, is facing rapid economic and demographic transitions. Employers report that inadequate levels of workforce skills hamper their productivity. Recognizing the importance of workforce development to improve the country's socioeconomic prospects, the...

By improving their skills, health, knowledge, and resilience-their human capital-people can be more productive, flexible, and innovative. Human capital is a central driver of sustainable growth and poverty reduction. Investments in human capital have become more important as the nature of work...

Appropriate and effective regulatory frameworks remain crucial for ensuring that investments in infrastructure are done strategically and efficiently. Benchmarking infrastructure development 2020 assesses the regulatory quality for preparation, procurement, and management of large infrastructure...

This report briefly introduces international remittance flows and their role in the global development agenda. The following chapters describe the work of the WB on financial inclusion and international remittances in Albania, with an emphasis on Project Greenback, and it outlines the local...

This report aims to inform a wider audience about the importance of remittances and the specific financial education activities implemented in Kosovo to improve their efficiency. It briefly introduces international remittance flows and their role in the global development agenda, with a...

Ratings for the Integrated Irrigation Improvement and Management Project are as follows: Outcome was moderately satisfactory, Risk to development outcome was modest, Bank performance was moderately satisfactory, and Borrow performance was moderately satisfactory. Ratings for the Farm-Level...