Chad remains among the least developed countries in the world; its GDP per capita has contracted since 2015, preventing the country from reducing poverty and from improving development outcomes. Progress on reducing poverty has stalled, and the number of extreme poor has increased, with both...

These remarks were delivered by the World Bank Group President David Malpass during the Launch of the January 2023 Global Economic Prospects Report on January 10, 2023. He addressed the following topics: global growth outlook; rising levels of debt distress and possible directions to achieve...

This report makes the case for a big investment push for EMDEs' sustainable recovery and development, assesses the magnitude and composition of such investment, presents actions needed for an energy transition, looks at the role that innovations and state capacity can play in facilitating GRID,...

The Russia-Ukraine war has disrupted global trade and supply chains, exacerbating the rise in global commodity and food prices. Persistently high global inflation accompanied by tepid growth brings fears of stagflation that could endure for several years. Amidst this environment, the US Federal...

Nigeria has vast potential, but development has stagnated over the past decade. The country is characterized by strong spatial inequalities and a large north-south divide. Creating better jobs is a necessary condition for accelerating poverty reduction and economic transformation. A combination...

Nigeria's economic performance has weakened since the previous Nigeria Development Update (NDU) was published in June 2022 under the title of "The Continuing Urgency of Business Unusual". The global economic environment has weakened. Economic activity in most major economies has slowed in 2022...

Over-reliance on natural resources has held back diversification of Gabon's economy, as growth, exports, and fiscal revenues are still largely dependent on extractives. Despite Gabon's abundant natural resources, growth has been slow to reduce poverty. In the context of dual shocks from low oil...

Global growth is projected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia's invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs)...

Djibouti has experienced a record of strong economic growth and has made considerable progress in various developmental indicators in recent years. Despite this important progress, major challenges remain as Djibouti's development has not been equitable nor inclusive, including from a gender...

Honduras is highly vulnerable to extreme natural hazards, which are expected to increase because of climate change. These will have significant consequences for all of Honduran society, affecting important economic sectors and threatening food and water security and human health. The impacts of...