Development risks remain as economic activity, incomes likely to stay low for extended period
Malaysia’s economy is expected to grow by 6.7 percent in 2021 following a projected contraction of 5.8 percent in 2020 caused by the COVID-19 pandemic, according to the latest edition of the World Bank Malaysia Economic Monitor: Sowing the Seeds launched today.
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Indonesia’s economy is slowly recovering during the second half of 2020 aided by the gradual re-opening of the domestic and global economies and massive policy support.
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COVID-19 is not only requiring countries to respond to the way they deliver health services during the immediate crisis, but it will also impact the fiscal space for health around the world for some time to come with a forecast of 5.2% contraction in global GDP in 2020.
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The European Commission has approved, under EU State aid rules, the modification of the existing aid scheme to support electricity production from renewable sources and efficient co-generation in Estonia.
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The European Commission has today presented a strategy to prevent a future build-up of non-performing loans (NPLs) across the European Union, as a result of the coronavirus crisis.
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The Asian Development Bank’s (ADB) sovereign lending to the Philippines is expected to reach $9.4 billion between 2021 and 2023, with at least two-thirds going into infrastructure, health, and employment recovery to help the government revitalize the economy amid the coronavirus disease (COVID-19) pandemic.
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As the pandemic resurges across many nations, it is only natural to wish for a swift return to a pre-pandemic world. If only we could quickly lift the clouds of uncertainty, frustration, and despair.
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Growth in the Pacific subregion for 2020 has been further downgraded as the impact of the coronavirus disease (COVID-19) pandemic continues to squeeze the region’s economies.
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The European Bank for Reconstruction and Development (EBRD) and the Organisation for Economic Co-operation and Development (OECD) are taking steps to strengthen their cooperation in strategic priority areas such as private-sector development, the green economy and sustainable and inclusive development, and public and corporate governance.
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