The Philippine Development Plan (PDP), 2011–2016 called for real gross domestic product (GDP) to grow by an average of 7%–8% per year; for investments to reach 22% of GDP by 2016, compared to 19.7% during 2011–2013; and for extreme poverty to decline to 17% by 2016 from 33% in 1991. However, years of underinvestment in infrastructure had put the Philippines at a competitive disadvantage compar
West Bengal is the 13th largest and 4th most populous state of India. It recorded an average fiscal deficit of 4.3% of gross state domestic product (GSDP) from 2007 to 2012—double the state average of 2.1% in India during the same period. The fiscal stress was driven by the state’s low own-tax revenue (OTR) effort and high nondiscretionary expenditure on salaries, interest, and pensions.
The Natural Gas Access Improvement Project was designed to support the Bangladesh government’s energy policy and help address the country’s energy infrastructure needs.
Bangladesh has undergone rapid socioeconomic progress in recent decades, attaining lower middle-income status in 2015. Between 2001 and 2019, poverty declined from 48.9% to 20.5%, and extreme poverty from 34.3% to 10.5%. However, the country has faced several challenges in its continuing climb to upper middle-income status. These challenges include (i) boosting investment to accelerate econo
Mongolia’s economy grew rapidly between 2004 and 2014. This propelled the country into middle-income status by 2011 and allowed it to expand its social welfare programs through large fiscal surpluses and distributed mining income. Social transfers, which accounted for about 40% of the income of poor people, significantly reduced poverty.
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