The COVID-19 pandemic is posing an existential threat to the air transport sector globally, including in Africa. Due to sustained and significant loss of revenue coupled with the presence of several fixed and quasi-fixed inputs in this sector, the survival of carriers is questionable in the...

City local governments have been facing multiple challenges due to the COVID-19 pandemic to secure adequate financial resources for response and recovery. This report assesses the impact of the pandemic on local governments' financial situations through cross-country analysis and comparison....

Russia saw strong growth in 2021, with momentum weakening late in the year. Growth will slow as Russia battles COVID-19 and elevated inflation. Globally, environmental sustainability is becoming central to the economic agenda. The challenge for Russia is to fundamentally transform its economic...

Commodity windfalls and private consumption have sustained Indonesia's growth despite a difficult global environment, but signs of normalizing domestic demand are emerging. Inflation is easing at a faster pace than markets anticipated. Indonesia's external vulnerabilities remain moderate. The...

The overarching objective of the Seoul Center for Finance and Innovation partnership was to improve and develop financial and private sectors in the East Asia and Pacific (EAP) region by delivering better technical assistance and advisory services to EAP countries. To achieve this objective, the...

This evaluation assesses the quality of the World Bank's early response to the COVID-19 crisis and the initial steps toward recovery, focusing on the health and social response. It concentrates on the relief stage and support to restructure systems in the first 15 months of the pandemic...

The Democratic Republic of Congo (DRC) is the largest country in sub-Saharan Africa, by area. The country has a long history of conflict, political upheaval, and instability and has a very high poverty rate despite its abundance of natural resources. Mortality and fertility rates in DRC are...

The Democratic Republic of Congo (DRC) is the largest country in sub-Saharan Africa, by area. The country has a long history of conflict, political upheaval, and instability and has a very high poverty rate despite its abundance of natural resources. Mortality and fertility rates in DRC are...

The post disaster needs assessment (PDNA) assesses the impact of the April 25, 2015 earthquake in Nepal and defines a recovery strategy. In the analysis, damage is defined as the cost to replace durable physical assets (buildings, equipment, facilities, and machinery) that were damaged or...

The COVID-19 (Coronavirus) pandemic is exposing Brazil to an unprecedented challenge. The pandemic is expected to plunge Brazil into another recession. Although the pain of recession can be felt across the economy, smaller firms are expected to be more affected because they tend to be more...