Despite Romania’s great success in catching up with the European Union, progress on living standards remains fragile.

Donato De Rosa, Alexandria Valerio |

Ask anybody in Moldova about the country’s most-popular attractions and they’ll likely mention Moldovan wineries, including the Cricova Wine Cellars, located about half an hour’s drive from…

Anna Akhalkatsi |

The Belt and Road Initiative (BRI) is a development strategy proposed by China to improve cooperation on a trans-continental scale. The range of projects and activities that will be part of the…

Michele Ruta, Alen Mulabdic, Siobhan Murray, Nadia Rocha, François de Soyres |

A major objective of the Belt and Road Initiative (BRI) is to reduce the time and cost it takes to transport goods and people across BRI economies. Many of these countries face serious gaps in…

Maggie Xiaoyang Chen |

Photo: The central square of the old town. Brasov. Transylvania. By Ann Stryzhekin/ Shutterstock When U.S. Commodore Matthew Perry arrived in Yokohama in 1854, it was a backwater village in Japan…

Marcel Ionescu-Heroiu, Yuko Okazawa |

This page in: Français Across European countries, women continue to earn less than men. Looking at data for full-time working women across 30 countries, we find that women would have needed an…

Gabriela Inchauste, Ana Maria Munoz-Boudet, Paola Buitrago Hernandez |

Available in Chinese Graphic: Nicholas Nam/World Bank The idea that economic growth needs good governance and good governance needs economic growth takes us to a perennial chicken-and-egg debate:…

Yuen Ang |

We all have regular bills to pay for the ubiquitous services we consume – whether they be for utilities (water, heating, electricity etc.), credit cards, memberships, or car payments.  But, not…

Georgia Harley, Svetozara Petkova |

After a two-year hiatus, the World Bank provided much-needed budget support to Moldova in November 2016. That disbursement of $45 million reflected our confidence that the Government and the…

Alex Kremer |

In 1991, the World Bank Group opened its resident office in Bucharest and this November we will celebrate 25 years of continued presence in Romania. Romania joined the World Bank in 1972, yet it…

Elisabetta Capannelli |