This note presents practical guidance on how to implement a framework for managing fiscal commitments from Public-Private Partnerships (PPPs). It draws on specific regional operational experience and on World Bank Institute (WBI)'s wider thematic engagement with different partners worldwide. The...

The World Bank is sharing the seventh edition of the Economic Update of Madagascar, which presents our analysis for the period up to the beginning of October 2017 and provides our medium-term economic outlook. Despite a challenging start due to two climatic shocks, we project growth at 4.1...

Vietnam has achieved remarkable success in reducing poverty while controlling inequality. The country's broad-based growth reflects the government's focus on developing labor-intensive export sectors while investing heavily in human capital that saw the country exceed its peers. However, gains...

The skills for tomorrow's Jobs in Bangladesh attempts to address key skills challenges and identifyopportunities in the backdrop of fast technological and economic changes. It proposes mid to long-term strategic policy options that would contribute to economic growth and job creation in...

This report reviews South Africa's recent economic and social developments. It underlines that South Africa's current economic rebound may not be sustained if the fundamental factors undermining its growth potential are not boldly addressed. This includes in particular income inequality, which...

Poverty reduction and youth employment remain deeply intertwined in Mauritania. Mauritania's job-related challenge is characterized by a low-growth macroeconomic context, high reliance on minerals and extractives, and marked poverty and social exclusion. With youth (15-24 year olds) comprising...

Industrial production and services growth remained resilient. Inflation has accelerated, primarily due to supply shocks. Monetary policy has been accommodative. Financial sector vulnerability is rising. With a tightening of prudential controls, lending rates are back to double digits. Despite...

This Public Expenditure Review (PER) was prepared at the request of Peru's Ministry of Economy and Finance (MEF).The PER offers analysis, options for reform, and measures in selected areas and sectors to achieve efficiency gains and fiscal savings (where possible), while improving (at least not...

The objectives of this note are identifying the fiscal implications and the shortcomings of the corporate governance of the SOE sector through an initial stock taking of the sector. This policy note first presents a description of the SOE sector in Lesotho, analyzing its scope, size, performance...

In order to understand a country as large and diverse as Russia, it is extremely important to consider spatial patterns of economic development. As Russia looks for new drivers of economic growth, it is important to understand the structural conditions that have defined economic development in...