Greening the energy sector would directly reduce emissions, thereby supporting a sustainable and environmentally sound development pathway for the country.
Somalia has a triple challenge of low levels of labor force participation, low productivity, and high levels of poverty. Economic growth in Somalia has been low, subject to shocks; and thus, insufficient for job creation.
As the South African economy emerges from the downturn induced by COVID-19, policy makers are concerned with recovery, reconstruction, and transformation. This paper focuses on the recovery from the severely depressed levels of economic activity that occurred in April 2020.
This paper reconstructs the full welfare distributions from household surveys of 160 countries, covering 96.5 percent of the global population, to estimate the pandemic-induced increases in global poverty and provide information on the potential short-term effects of income-support programmes on mitigating such increases.
The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report. The estimated loss has been caused by the pandemic’s direct impact on tourism and its ripple effect on other sectors closely linked to it.
The Economic Case for Nature is part of a series of papers by the World Bank that lays out the economic rationale for investing in nature and recognizes how economies rely on nature for services that are largely underpriced.
An estimated US$724 billion in GDP is exposed to the impact of extreme sea-level rise and coastal flooding in seven major cities in Asia by 2030, according to a new report from Greenpeace East Asia.
Malawi was affected by a severe second wave of COVID-19 (coronavirus) cases starting in the last weeks of 2020. As a result, the Government declared a second 'State of National Disaster' and announced increased social distancing measures. Case numbers peaked in January and gradually subsided through April, when restrictions were relaxed.
ierra Leone’s economy is projected to recover from the COVID-19 contraction with real GDP expected to rebound by 3.0 percent in 2021, an upward revision of 0.8 percentage point relative to the 2020 forecast, according to the new World Bank Sierra Leone Economic Update.
Even before the COVID-19 pandemic, Ghana had taken proactive measures to solidify its commitments to achieving the Sustainable Development Goals (SDGs), including financing the SDGs as a long-standing priority.