Reforms spurred by accession to the European Union (EU) boosted productivity and integrated Romania into the EU economic space. Gross domestic product per capita rose from 30 percent of the EU average in 1995 to 59 percent in 2016. Today, over 70 percent of the country's exports go to the EU,...

Global growth slowed markedly in H1 2022. This was due to COVID-19 resurgences at the turn of the year; protracted supply disruptions; reduced macroeconomic support; and substantial negative spillovers from the war in Ukraine. The conflict, which has sparked the largest commodity price shock in...

Investing in human capital is essential for Tanzania. to generate future income and achieve sustainable development, people are the most important asset countries have. Part two of this economic update discusses where Tanzania stands in terms of its investments in human capital for both children...

In an era of globalization and rapidly changing technology, the nature of work and skills required is also rapidly changing, and it calls for an urgent need to redefine the types of skills considered in public policy. Technology is reshaping the demand for skills by reducing the value of skills...

Human capital is the knowledge, skills, and health that people accumulate over their lives and that enable them to realize their potential as productive members of society is an important contributor to the wealth of all nations regardless of income status. While Azerbaijan has achieved...

This is the third edition of the Liberia Economic Update (LEU), a series of annual reports that assesses recent economic developments in Liberia and assists the government and its development partners in identifying emerging issues and addressing persistent challenges. It presents a broad...

This Approach Paper considers the role of public finance to build, protect and utilize human capital as countries seek to recover from the COVID-19 (coronavirus) crisis and lay a foundation for inclusive, resilient and sustainable development. The paper defines the problem in relation to human...

This approach paper considers the role of public finance to build, protect and utilize human capital as countries seek to recover from the Coronavirus disease 2019 (COVID-19) crisis and lay a foundation for inclusive, resilient and sustainable development. The paper defines the problem in...

Noncommunicable diseases (NCDs) hamper the development of human capital for current and future generations. NCDs are chronic conditions that are often untreatable and require close monitoring to control the progression of the disease. They account for 70 percent of all deaths worldwide and...