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Private sector participation in the Tajik economy is relatively large, but dynamism is very low. Analysis with micro-level data points to multiple weaknesses: low entry rate, low productivity, limited integration to trade, low incidence of innovation, and limited capabilities. Also revealing is that private firms struggle to grow as they age. All these aspects reflect a business environment that does not reward the more efficient firms or those with the highest growth potential. The Covid-19 effects brought additional challenges to this low-level equilibrium scenario with shocks in sales and f...

The United States, China and Europe — three major world economies — are going through tough times and experiencing a slowdown, says a report.

'Urgent global and national efforts' are needed to mitigate the risk of such a downturn, bank says.

Global growth is expected to decelerate sharply and worsen financial conditions in 2023

Ten years ago, the World Bank Group (WBG) launched its Open Access (OA) Policy for Formal Publications, making it easier to share and re-use World Bank books and other content. But how did researchers and the public access our knowledge products before then? And what has changed at the Bank and in the world of scholarly publishing?