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A collection of 5 posts

World Bank Backs Malaysia’s BUDI95 Subsidy Reform but Urges Caution Amid Growing Debt

Malaysia’s BUDI95 fuel subsidy reform targets Malaysian citizens with a monthly quota of 300 liters at a subsidized price of RM1.99 per liter, expected to save RM2.5 billion to RM4 billion annually. It excludes non-citizens and companies, ensuring subsidies reach intended recipients effectively.

South Asia Growth Dampens As Shocks Rattle Region

South Asia Growth Dampens As Shocks Rattle Region

WASHINGTON, October 7, 2022—Beset with Sri Lanka’s economic crisis, Pakistan’s catastrophic floods, a global slowdown, and impacts of the war in Ukraine, South Asia faces an unprecedented combination of shocks on top of the lingering scars of the COVID-19 pandemic. Growth in the region is dampening, says

Africa Has To Restore Stability in Slow Growth Context

Africa Has To Restore Stability in Slow Growth Context

WASHINGTON, October 5, 2022—Global headwinds are slowing Africa’s economic growth as countries continue to contend with rising inflation, hindering progress on poverty reduction (and bringing economic instability.) The risk of stagflation comes at a time when high-interest rates and debt are forcing African governments to make difficult choices

Latin America, Caribbean need green opportunities for growth

green initiatives

Latin America, Caribbean need green opportunities for growth

WASHINGTON, April 8, 2022 – Economies in Latin America and the Caribbean (LAC) need to seize green opportunities for sustainable growth in the pandemic era. The LAC are on track to recover from the COVID-19 crisis, but the scars of the pandemic remain and the need for more dynamic, inclusive and

East Asia and Pacific economic recovery faces new risks

economic recovery

East Asia and Pacific economic recovery faces new risks

WASHINGTON, April 6, 2022—The war in Ukraine threatens the uneven recovery of developing East Asia and Pacific countries from the COVID-19 shock, the World Bank said on Monday. The war comes on top of the economic distress caused by the lingering COVID-19 pandemic, the financial tightening in the United