The war in Ukraine is causing an enormous humanitarian crisis. More than 12 million people are estimated to have been displaced and more than 13 million need urgent humanitarian assistance. Ukraine's economy is being devastated. Trauma suffered by the population will have enduring consequences....

In this context, Bhutan can become wealthier through accelerating both domestic and foreign investment, as well as signing investment treaties. These investments could provide not just capital but also bring necessary skills, knowledge and ideas, and help the country move beyond hydropower....

Measures taken to curtail the spread of COVID-19 have led to a sharp contraction of the global economy and an even larger decline in trade, with significant implications on the livelihoods of people in Africa. Despite the relatively low number of cases, the region's economy would be hard hit due...

This note looks at the experience countries have had in introducing reforms that improved the business environment. Instead of examining what was done (that is, the content of reforms), the focus is placed on how reform programs came to be successful. The note aims to provide an overview of...

Global growth prospects have deteriorated significantly since the beginning of the year, raising the specter of global recession. This paper relies on insights gleaned from previous global recessions to analyze the recent evolution of economic activity and policies and presents plausible...

The Palestinian economy is severely hampered by trade-related restrictions, high logistics costs, cumbersome procedures and institutional inefficiencies. Operating within an uneven customs union arrangement with Israel, the Palestinian economy has accumulated an enormous trade deficit and...

Countries in Africa should strive to maintain trade flows during the crisis to secure access to medical goods and services, and food and other essential items such as farm inputs. This requires keeping borders open to the largest extent possible and avoiding measures such as export bans or...

Although Indonesia's economy has diversified over the past decades, natural resource extraction remains a key sector for both the domestic economy as well as international trade. Indonesia's ability to diversify away from primary products, reduce carbon emissions, adapt to climate change, and...