This report provides a diagnostic and a set of recommendations for the coordination of infrastructure investments in three main sectors in Romania: roads; water and wastewater; and social infrastructure (education, health, culture, and sports). The proposals formulated are targeted primarily at...

South Asia is home to three of the top five countries in terms of vulnerability to climate change globally.It thus urgently needs climate investment to enhance resilience and unlock opportunities for low carbon growth. The region is one of the fastest growing regions in the world; however,...

Myanmar's macroeconomic environment remains stable, though economic growth is estimated to have slowed to 5.9 percent in 2016-17 compared to 7 percent in 2015-16, weighed down by slower investment demand. Growth is projected to recover to 6.4 percent in 2017-18, though risks are tilted to the...

Over the last two decades, successive governments and business leaders in the former Yugoslav Republic of (FYR) Macedonia have been actively working to transform the country's economy and put it on a higher, technology-based, growth trajectory. For a small, landlocked country with a limited...

In 2017, the Philippines was among the top three growth performers in the East Asia region. Only Vietnam and China performed better. The Philippines growth performance slightly weakened in 2017 to 6.7 percent year-on-year from 6.9 percent in 2016. Growth was anchored in strong exports, while...

Using a panel of 80 developing and developed countries for the period 1990-2015, this studyanalyses the relationship between exchange rate volatility and foreign direct investment (FDI)inflows. The results reveal a negative relationship between de facto exchange rate volatility andFDI. Reducing...

The average annual FDI inflow in Bangladesh is significantly lower than comparable economies.Over the past decade (2007 to 2017), inflows have averaged at 0.9 percent of GDP in Bangladeshcompared with 3.0 percent in China, 5.5 percent in Ethiopia, 2.6 percent in The Philippines, 6.6 percent in...

This note identifies some of the main determinants of foreign direct investments (FDI) to Indonesia, focusing in particular on the role of economic policies. To that end it develops a novel empirical analysis on the effects of various provisions in Indonesia's Negative Investment List (DNI) on...