Gansu Province faces four main challenges. Firstly, it is the poorest province in China. It faces severe development challenges and significantly lags-behind other provinces in most economic and social indicators.
... Exibir mais + Gansu’s per capita income is less than half of the national average, and a mere 23 percent of leading provinces. Measured by per capita disposable income, access and quality of infrastructures, Gansu ranks as the last among all provinces. Secondly, while several towns and villages in Gansu have cultural or natural endowments, they need significant investments in regeneration and income-generating opportunities. Thirdly, Gansu lacks strong financial institutions and the capacity to leverage its endowments for economic development. Institutional capacity for managing and promoting endowments is also poor in Gansu. Finally, the provincial government does not have much experience in working with the private sector in leveraging resources and managing public assets. Public-private partnership in financing and operating municipal assets is still at a nascent stage. Gansu has recently undergone a major economic transformation toward a service-based economy, which demonstrates significant potential for sustainable development in future. Gansu could leverage its rich, but underutilized endowments, that have huge potential to contribute to local economic development. The richness and uniqueness of endowments and human skills of creative industry in Gansu ranks 5th among China's provinces, and thus constitute a unique competitive edge and comparative advantage to further develop its service sector, including creative industries, as part of the provincial strategy of economic transformation, poverty reduction and shared prosperity. The rapidly growing service and creative industries have been widely recognized as green and sustainable development sectors.
Exibir menos -
Relatório da Diretoria Executiva 136861 MAY 10, 2019
The objective of First Fiscal Reform and Resilience Development Policy Credit Project for St. Vincent and the Grenadines is to support the Government of St.
... Exibir mais + Vincent and the Grenadines in building a more resilient economy through: (i) strengthening fiscal policy and public financial management; and (ii) strengthening climate resilience and adaptation. Pursuing a blue growth agenda in a small, tourism‐based economy highly dependent on its natural environment is a function of building on its natural assets, reinforcing climate resilience, strengthening fiscal buffers and ensuring macroeconomic stability. Each of these areas reinforce and complement each other and are necessary to ensure a comprehensive approach that is both technically sound from an environmental and climate resilience perspective, as well as being affordable and sustainable given available resources. Moreover, the integration of climate resilience and adaptationreforms with fiscal reform and fiscal resilience dialogue in SVG will further the Government’s effort to mainstream climate resilience into its broader development agenda, focusing on key sectors for developing a blue economy – such as nature‐based tourism and fisheries. Hence the focus in this series on two pillars necessary for building resilience: fiscal reform and public financial management as well as climate resilience and adaptation.
Exibir menos -
Tanzania’s wealth per capita has declined because its rapid population growth has outpaced investment. This decline in wealth is almost entirely accounted for by its “renewable natural capital” loss, consisting of the country’s agricultural land, cropland, forests, forest products, and protected areas.
... Exibir mais + The country’s human capital per capita is stable while its physical capital per capita has risen by 13 percent. Yet its degrading natural capital base clearly illustrates the magnitude of its sustainability problem: the total renewable natural capital per capita has fallen by 35 percent over the past 20 years, whereas the non-land renewable natural capital per capita has declined by 47 percent (that is, almost halved in 20 years). Tanzania cannot afford another 10 years of the same negative trends in resource degradation. The opportunity Tanzania faces is to reconcile the use of natural resources to meet the demands of the population and economy with the need to maintain functioning ecosystems. Reaching this balance will catalyze sustained growth. However, the current trend in the use of natural resources is not sustainable, leading to persistent degradation and loss of ecosystems, which constitute the main cause of the natural capital. This CEA has identified spatially and temporally differentiated approaches and solutions toward ensuring sustainable resource management for long-term use.
Exibir menos -
Preliminary estimates show real growth achieved a four-year high of 7.5 percent in 2018, compared to 7.0 percent in 2017. Driven primarily by rapid expansion of exports and robust internal demand, the economy performed better-than expected.
... Exibir mais + Exports burgeoned as external demand, especially in the United States and European Union markets, strengthened. Garment and footwear exports which account for more than two-thirds of total merchandise exports, recorded a five-year high,rising by 17.6 percent in 2018, up from 8.3 percent in 2017. Upbeat consumer confidence led to a surge in imports. Motor vehicles and steel imports, which gauge domestic consumption and construction demands, rose by 50 percent and 48 percent, respectively. The current account deficit widened to 10.4 percent of GDP in 2018, from 9.7 percent of GDP in 2017, but remained fully financed by foreign direct investment (FDI). FDI is estimated to have reached a record high of more than 3.0 billion US dollars or 13.4 percent of GDP in 2018. Burgeoning exports and strong FDI inflows have contributed to further accumulation of gross international reserves, which in 2018 reached 10.1 billion US dollars or about six months of prospective imports.
Exibir menos -
