More than a decade of ambitious sector reform has led to a period of stability in the Armenian energy sector. The sector faces challenges more typical of a developed economy than an emerging one: policymakers' concerns have shifted from avoiding total system collapse to optimizing the energy...

This note focuses on the energy and power sector in Uzbekistan with the purpose of identifying some of the key issues faced by the sector and outlining potential solutions. In particular, the note aims to inform the Government thinking by providing input on priorities in the sector. The note...

The level of performance of an electric utility is determined by the soundness of its financial situation, the efficiency of its technology, and the quality of service it provides customers. Its financial underpinning is a balance of costs and revenue (from customer payments, government, and...

The COVID-19 pandemic has spurred unprecedented economic disruption globally. The full scope of the virus's impact on human health and economic activity remains to be seen, but two things are clear: (1) the most fragile economies, and most vulnerable segments of the world's population, are least...

In the wake of the Soviet Union's collapse, Armenia, like other former Soviet republics, began to struggle with the implications of its newfound independence. In the electricity sector, this meant learning how to manage and sustain a fragment of a system that had never been designed to function...

Before the onset of the global financial crisis in late 2008, countries in Eastern Europe and Central Asia (ECA) experienced strong economic growth. Demand for electricity increased steadily with gross domestic product (GDP). GDP grew, on average, 6.5 percent between 2000 and 2007, and...