UPDATE
Regional growth is expected to firm to 2.6% in 2020, assuming stabilization of key commodity prices and Euro Area growth.
Regional growth is expected to firm to 2.6% in 2020, assuming stabilization of key commodity prices and Euro Area growth.
IDA has provided billions of dollars in assistance in Europe and Central Asia to boost the livelihoods of millions of people.
Europe and Central Asia features in the World Bank's first 24-hour economics marathon. Watch the video recording.
The goal is to scale-up efficient energy use in space heating of multi-apartment buildings and renewable wood biomass fuel utilization in selected urban localities in Belarus.
Growth in the emerging and developing countries of Europe and Central Asia is expected to slow to 1.8% in 2019 (down from 3.2% in 2018), a four-year low. Aggregate growth figures mask the diversity of performance across the region, however.
Regional growth was hindered by marked weakness in Turkey, which suffered from substantial financial market stress, as well as sluggish activity in the Russian Federation amid oil production cuts. But there was robust growth in other parts of the region, such as Central Europe and Central Asia, as well as the South Caucasus.
