Trade has fueled economic growth in Central Asia, despite geographic challenges. Goods from Central Asia, without seaports, must go the extra mile to reach their destination. Trade costs for landlocked developing countries–equivalent to a 540% tariff,–hinder the competitiveness of the region’s entrepreneurs and curb potential income growth. E-commerce may be the solution for helping traders […]
This blog post is part of a special series based on the October 2024 Commodity Markets Outlook, a flagship report published by the World Bank. This series features concise summaries of commodity-specific sections extracted from the report. Explore the full report here. Following a 6 percent increase in 2024Q3 (q/q), the World Bank’s precious metals price index […]
The record-breaking forest fires ravaging South America in recent months are a stark reminder of the global climate crisis. With its peak fire season starting in late November and stretching until April, Chile is no stranger to this reality. Wildfires have become a major concern, as evidenced by the destruction of Santa Olga in 2017 and […]