This Country Economic Memorandum (CEM) argues for a significant shift in policy to enable a virtuous cycle of sustained and inclusive economic growth, outlined infive building blocks. Chapter 1 identifies policy priorities to restore the macroeconomic fundamentals for growth through fiscal...

This joint Country Economic Memorandum (CEM) and Public Expenditure Review (PER) aims to support the Government of the Republic of the Marshall Islands (GoRMI) to identify a prioritized and sequenced set of reforms to drive increased economic growth, resilience, and fiscal sustainability. The...

This Systematic Country Diagnostic (SCD) is designed to assess the key constraints and opportunities facing Mozambique as it strives to sustain robust growth and macroeconomic stability while accelerating poverty reduction and promoting greater economic inclusiveness. The SCD is organized into...

This Systematic County Diagnostics is organized into six parts. The first part presents a brief overview of the country's recent socio-political and economic context. The second part examines the links between poverty, income distribution and economic growth, through the labor market, against...

Since the collapse of the Soviet Union, Belarus has pursued a gradual transition path characterized by slow opening of the economy to the private sector and a limited reform of the governance system of state-owned enterprises (SOEs). This systematic country diagnostic (SCD) demonstrates that...

Guinea is a country with a rich historical legacy, abundant natural resources, a privileged geographical location - and a rapidly growing population. A successful political transition and the emergence of a vibrant civil society have helped to ensure ethnic peace and the absence of civil wars in...

Zambia has successfully raised its average annual gross domestic product (GDP) growth rate since the early 2000s. Between 2004 and 2014, it averaged 7.4 percent per year. This success was driven by an improvement in the macroeconomic indicators (relative to the 1980s and 1990s), debt relief,...

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...

Four mutually supportive strategic pillars and related policy priorities would help Kazakhstan continue the structural transformation that stalled during the oil booms, in order to eliminate poverty and build a large and secure middle class: 1. economic management for diversification, to...

This first systematic country diagnostic (SCD) for Timor-Leste identifies key priorities to sustainably achieve the World Bank Group (WBG) twin goals of eradicating extreme poverty and boosting shared prosperity in Timor-Leste. The Timor-Leste SCD presents a key set of priorities towards...