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This statement, delivered by Enoch Godongwana, Minister of Finance of South Africa, on behalf of the constituency of Angola, Nigeria, and South Africa, to the 113th Meeting of the Development Committee on April 16, 2026,...
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This statement, delivered by Alexey Overchuk, Deputy Prime Minister of the Russian Federation, to the 113th Meeting of the Development Committee on April 16, 2026, reflects on a global environment characterized by height...
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This statement, delivered by Shirley Botchwey, Secretary‑General of the Commonwealth, to the 113th Meeting of the Development Committee on April 16, 2026, underscores the central importance of creating an enabling enviro...
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This statement, delivered by Gilbert F. Houngbo, Director‑General of the International Labour Organization (ILO), to the 113th Meeting of the Development Committee on April 16, 2026, highlights the growing fragility unde...
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A major oil export disruption in FY25 triggered a contraction in real GDP and sharp currency depreciation. High inflation, reduced development aid, and arrears to civil servants eroded household consumption and raised ex...
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GDP growth slowed to 2.1percent in 2025, down from 3.2 percent a year earlier, as momentum in private consumption and investment softened amid elevated inflation and political uncertainty. Industrial weakness persists. G...
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GDP contracted for a seventh consecutive year in FY2025 amid persistent insecurity, which has displaced 1.4 million people. Hurricane Melissa compounded food insecurity and poverty, damaging crops. Following the dissolut...
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Growth accelerated to 7.6 percent in FY26, driven by private consumption and investment. Poverty has continued to decline since 2011, with lower-middle-income country poverty at 16 percent in 2023. Growth is projected to...
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The current conflict in the Middle East is expected to significantly affect Maldives, disrupting tourism and driving up import costs. In 2026, growth is projected to slow, inflation to rise, unemployment to increase slig...
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Following the 0.5 percent contraction in 2025, growth is projected at 0.9 percent in 2026, supported by the resumption of the Mozambique Liquefied Natural Gas (LNG)–TotalEnergies project. The recovery remains fragile ami...
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Growth is projected to remain weak, averaging about 1.5 percent over 2026–28, amid heightened geopolitical uncertainty, higher and more volatile oil prices, and declining aid. These headwinds are expected to be partly of...
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Sustaining macro-financial stability will depend on disciplined fiscal and monetary policy, expanding the revenue base, enhancing public financial management, and accelerating sector reforms, namely in energy and cocoa. ...
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Economic growth is estimated at 5.8 percent in 2025,mainly driven by tourism, with inflation at 0.3 percent and a poverty rate of 7.2 percent using the upper-middle-income poverty line of US$8.30 per day (2021PPP). Growt...
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Growth momentum is robust, driven by infrastructure investment and agricultural recovery. Labor markets remain weak, with high inactivity and unemployment. Fiscal consolidation progresses but spending pressures could str...
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Growth is resilient but has increasingly relied on short-term stimulus rather than productivity gains. With global investors reassessing Indonesia’s market transparency and the predictability of the policy mix, sustainin...