World Bank

China is right to say that the World Bank and IMF need to engage in debt relief. Many African debtor countries think the same thing.

The war in Ukraine, in particular, is putting a drag on economies across Central Asia.

Uzbekistan has made impressive development gains over the past five years by relentlessly pursuing the path of market-oriented reforms. 

Elsewhere in Southeast Asia, the picture was cautiously positive as the region's economies finally moved out of their pandemic-induced slumps.

Two Cambodian civil society groups claim that "reckless" micro-lending has contributed to a brewing rural debt crisis.

Slowing Chinese growth, U.S. monetary tightening, and the impacts of the war in Ukraine have weighed on this year's growth prospects.

The Bank estimates that Myanmar's economy is 30 percent smaller than it would have been were it not for the coup and the COVID-19 pandemic.

Across the former Soviet Union, improved rankings for selective governance indicators tend to give a misleading view of governments' ability to reform themselves.

The World Bank approved a COVID-19 loan for Turkmenistan, despite journalists reporting on the pandemic there being thrown in jail.

For Central Asia, a green, resilient, and inclusive recovery opens great opportunities for prosperity.

Although forecasts have improved slightly, the World Bank warns of considerable uncertainty when it comes to post-COVID recovery in the Europe and Central Asia region.