Oil windfalls during the 2000s were largely squandered, with Sudan failing to build the foundations of a non-oil economy.

The Republic of Congo (RoC) CCDR is a new World Bank core diagnostic report that integrate climate change and development considerations. It is intended to help the country prioritize the most impactful actions that can boost adaptation and reduce greenhouse gas (GHG) emissions, while delivering on broader development goals.

Growth in Sub-Saharan Africa is expected to slow to 2.5 percent in 2023 from 3.6 percent in 2022. It is projected to increase to 3.7 percent in 2024 and 4.1 percent in 2025. However, in per capita terms, the region is projected to slightly contract over 2015-2025.

At just under 6 percent, South Asia is expected to grow faster than any other developing country region this year—but slower than its pre-pandemic pace and not fast enough to meet its development goals. The region faces many risks to this outlook, including due to fragile fiscal positions created by high government debt.

India continues to show resilience against the backdrop of a challenging global environment, according to World Bank’s latest India Development Update (IDU).

The 2023 edition of the Global Innovation Index (GII) takes the pulse of global innovation trends against the background of an economic environment fraught with uncertainty.

This paper projects the nationwide and state-wise size of India’s Unified Payments Interface (UPI) market under various GDP growth scenarios. The market sizes under these scenarios are expressed in monetary values at the scale of both sub-national units and the Indian economy as a whole.

This publication shows that carbon prices exceeding US$ 20 per ton of CO2 captured by the natural regeneration of deforested areas in the Amazon would be truly transformative for the region’s landscape.

After improving between 2000 and 2013, hunger levels have significantly worsened in Africa in the years since. While global food insecurity is currently at an all-time high, Africa's record in addressing undernutrition was not impressive even in the pre-pandemic era when growth rates were higher.

Central Africa achieved real GDP growth of 5.0 percent in 2022, compared with 3.4 percent in 2021. The rebound in economic activity was driven by favourable prices for raw materials, in a region that is home to net exporters of crude oil, minerals and other commodities.