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CEMAC Economic Barometer, November 2024, Vol 7
(Washington, DC: World Bank, 2025-01-03) World Bank
The CEMAC Economic Barometer is a semi-annual World Bank publication that presents a snapshot of recent developments and the economic outlook of the CEMAC region, followed by a brief assessment at the country level. It includes a focused technical section on a theme of regional relevance. This edition’s special topic provides policy options for the CEMAC countries to address challenges in the forestry sector, such as effectively designing fiscal instruments, improving forest governance, and increasing financial and technical support from the international community. It highlights how fiscal instruments can incentivize sustainable forestry and generate government revenue.
Lebanon Economic Monitor, Fall 2024: Mounting Burdens on a Crisis-Ridden Country
(Washington, DC: World Bank, 2024-12-10) World Bank
The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. The Monitor places these developments, policies, and findings in a longer-term and global context and assesses their implications on the outlook for Lebanon. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. It is intended for a wide audience, including policy makers, business leaders, financial market participants, and the community of analysts and professionals engaged in Lebanon.
Algeria Economic Update, Fall 2024: A Holistic Framework for Sustained Export Growth
(Washington, DC: World Bank, 2024-12-04) World Bank
This Algeria Economic Update reports on the main recent economic developments and policies. It places them in a global and longer term context and assesses the implications of these developments and policy changes for Algeria’s economic prospects. The report is intended for a broad audience, including policymakers, business leaders, financial market participants, and the community of analysts and professionals working in/on Algeria. The report is divided into three chapters. Chapter 1 presents macroeconomic developments in Algeria over the year 2023 and the first half of 2024, while Chapter 2 describes the short- and medium-term outlook for the Algerian economy, and Chapter 3 presents macroeconomic considerations in support of non-hydrocarbon export development. This report is based on data available on October 30, 2024.
Tunisia Economic Monitor: Equity and Efficiency of Tunisia Tax System - Fall 2024
(Washington, DC: World Bank, 2024-11-14) World Bank
The Tunisian economy experienced a modest growth of 0.6 percent in the first half of 2024, following zero growth in 2023. By the end of 2024, Tunisia is projected to be the only country in its region with a real GDP still below pre-pandemic levels. The limited recovery in agriculture, coupled with declines in the oil and gas, garments, and construction sectors, hindered economic growth. Below-average rainfall restricted agricultural growth, which only recovered a third of the significant losses from the first half of 2023. The garment sector suffered due to reduced demand from the European Union, Tunisia's main export market. Oil and gas production continued its decade-long decline due to a lack of new investments, and the construction sector was impacted by limited domestic demand and challenging external financing conditions.
Gabon Economic Update: Designing Fiscal Policies for Sustainable Forestry
(Washington, DC: World Bank, 2024-10-29) World Bank
The Gabon Economic Update is an annual World Bank publication that presents an overview of the evolving macroeconomic position in Gabon, followed by a detailed exploration of a specific topic in each edition. The first chapter analyzes recent economic developments, key development challenges, as well as the macroeconomic outlook and risks for Gabon’s future growth. It presents policy actions that could help strengthen fiscal and debt sustainability, contain food inflation, promote job creation, and sustain a resilient growth path. The second chapter of this year’s economic update has a special focus dedicated to fiscal policies for the forestry sector. This chapter analyzes how fiscal policy reforms for forestry can contribute to generating more fiscal revenues, creating more jobs, and promoting sustainable production methods. This report is based on data available as of May 2024.
Djibouti Economic Monitor, Fall 2024: Strengthening the Sustainability and Equity of Public Finances
(Washington, DC: World Bank, 2024-10-22) World Bank
This edition of the Djibouti Economic Monitor (DEM) is part of a program of biannual reports analyzing Djibouti’s development trends and constraints. The aim of each issue is to present the country’s recent economic developments (chapter 1), as well as the medium-term economic outlook and the main risks that accompany it (chapter 2). This edition also includes two thematic chapters of interest to the public. The first deals with the redistributive effects and potential efficiency gains of Djibouti’s budgetary system (chapter 3). The second deals with the efficiency of public spending in the road sector (chapter 4). The ECB aims to share information and stimulate debate among those interested in and working to improve Djibouti’s economic management. It seeks to be accessible to non-specialists to be useful to a wide range of stakeholders.
Sub-national Differences in Human Capital in the CEMAC Region
(Washington, DC: World Bank, 2024-10-22) World Bank
Countries in the CEMAC region could strengthen their human capital by investing more in education, health and social assistance. A human capital index of between 0.27 and 0.46 suggests that residents of CEMAC countries achieve between a quarter and a half of their potential. In addition, sub-national analysis reveals significant disparities within the countries. Gaps between urban and rural areas, as well as other regional divergences, generate inequalities that can be mitigated by more strategic and efficient spending. This report presents heat maps for different dimensions of human capital available for the Central African Republic, Cameroon, Chad and the Republic of Congo. The analysis could not for Gabon and Equatorial Guinea, in the absence of recent sub-national data.
Niger Economic Update 2024
(Washington, DC: World Bank, 2024-10-15) World Bank
This 2024 Economic Update for Niger is articulated in two chapters. The first chapter presents the economic and poverty trends observed in the country in 2023 and the outlook from 2024 to 2026. The second chapter focuses on access to primary and secondary education and provides recommendations to ensure adequate investment to enhance access to quality education. In September 2023, Burkina Faso, Mali, and Niger formed the Alliance of Sahel States (AES) - a security and military pact with political and economic objectives. On January 28, 2024, in a joint communiqué, the three countries announced their immediate withdrawal from ECOWAS. According to the revised ECOWAS treaty, a notification period of one year is required to leave ECOWAS. The three countries remain members of WAEMU.
Togo’s 2024 Economic Update: Building Resilience
(Washington, DC: World Bank, 2024-10-11) World Bank
Economic activity has been resilient in Togo over the last few years thanks in part to fiscal stimulus which now needs to be unwound to reduce deficits and put public debt on a sustainable trajectory. While Togo's recent economic performance has been positive, it still fell short of regional peers such as Benin and Cote d’Ivoire, or more aspirational ones like Bangladesh or Vietnam. This can mostly be attributed to structural factors, including a relatively muted contribution of capital deepening to Togo’s potential growth; the predominance of low yielding agricultural practices; persistently large disparities in economic opportunities and access to basic services between rural and urban areas; a highly concentrated private sector; and limited strides in industrialization despite the expansion of port activities and the development of agro-processing and other industrial zones. The economic outlook remains positive for the next few years, contingent upon enacting adequate policy decisions and implementing ambitious reforms. This 2024 Economic Update for Togo is articulated in two chapters. The first chapter presents recent economic and poverty developments, as well as the outlook, key risks, and priorities to lift growth and accelerate structural transformation. The second chapter offers a deep dive on the likely impact of climate change on the agriculture sector in Togo and how scaling up agroforestry systems could help smallholder farmers increase their welfare, while boosting food security, preventing the loss of arable land, and reducing carbon emissions.
Togo’s Agriculture and Infrastructure Public Finance Review (PFR): Leveraging Public Investment to Transform the Rural Economy
(Washington, DC: World Bank, 2024-09-23) World Bank
This Public Finance Review (PFR) investigates how improved public investment management could contribute to accelerating rural development and structural transformation. Modernizing agriculture and improving rural connectivity are critical to reduce poverty in Togo as 50 percent of those living under the national poverty line depend on agriculture as their primary source of income. However, low-yielding and rainfed production practices trap most farmers in self-subsistence agriculture, while inadequate rural connectivity infrastructure hinders productivity, market access, and opportunities to attract private investment and improve rural households' welfare. This PFR emphasizes a holistic approach to tackling agriculture productivity and rural poverty in Togo by focusing on both agricultural advancements and infrastructure development. First, it assesses the quality of public investment management in Togo, examining the quality of existing systems for selecting, planning, and executing public projects, and identifying key priorities to improve allocative efficiency, strengthen climate resilience and crowd in private investment to maximize impacts. Second, it investigates the effectiveness of public investment in the agriculture sector and how selected reforms could help boost productivity, limit exposure to climate shocks, and bolster food security. Finally, the PFR proposes an in-depth analysis of public investment in the energy and transport sectors, specifically focusing on strategies to improve rural electrification and rural road connectivity.