This Country Partnership Framework (CPF)
sets out the World Bank Group (WBG) program for Albania for
the period FY15-19, aimed at supporting Albanias aspiration
to achieve equitable growth and integration into the
European Union. Albania emerged from the collapse of
isolationist communism in the early 1990s as one of the
poorest countries in Europe. The country then experienced
rapid growth of nearly 6 percent per annum, rising into the

Panama's economic growth has been at the
top of the Latin American and Caribbean (LAC) region in
recent years. The country s rapid growth has been largely
pro-poor and translated into significant poverty reduction.
The new Administration is well placed to tackle these
challenges, with its commitment to maintaining an open and
diversified economy and redressing social imbalances.
Looking ahead, the country s main challenges are to maintain

The systematic country diagnostic (SCD)
is designed to identify the most critical binding
constraints and opportunities facing Indonesia in ending
extreme poverty and boosting shared prosperity. In line with
the World Bank Group’s (WBG’s) new country engagement model,
the findings of the SCD will provide inputs for the
preparation of the country partnership framework (CPF),
which will outline the WBG’s engagement with Indonesia to

Honduras is Central America’s
second-largest country with a population of more than 8
million and a land area of about 112,000 square kilometers.
The 20th century witnessed a profound economic
transformation and modernization in Honduras. Honduras’
persistent poverty is the result of long-term low per capita
growth and high inequality, perpetuated by the country’s
high vulnerability to shocks. First, over the past 40 years

Twenty years after the end of the war,
Bosnia and Herzegovina (BiH) has yet to achieve shared
prosperity for its citizens and approach European living
standards. The country has been at peace since the end of
1995, but its development model needs adjustment if it is to
join the ranks of prosperous European economies. BiH has a
disproportionately large public sector that dates back to
Yugoslav times and has only been partly reformed since, and

Mauritius has been a success story since
independence, moving from low income to uppermiddle-income
status. Close public-private partnerships facilitated
private sector-led growth in astable macroeconomic and
institutional environment. The government implemented an
activeindustrial policy to support private sector
competitiveness while exploiting global trade nichescreated
by preferential access arrangements. As a result, savings

Colombia has made impressive strides in
reducing poverty and promoting shared prosperity during the
last decade. Extreme poverty fell from 17.7 percent in 2002
to 8.1 percent in 2014, while total poverty (including
moderate poverty) fell from 49.7 percent in 2002 to 29.5
percent in 2014. The decline implies that 6.2 million people
left poverty in the period. The multidimensional poverty
rate, which takes into account education, health, labor,

Situated in a fertile low-lying river
delta, Bangladesh combines high vulnerability to floods,
tropical cyclones, earthquakes, and climate change with one
of the world’s highest population densities, with around 159
million people living in less than 150,000 sq. km. With the
world’s second lowest per capita income in 1975, it was
labeled ‘the test case for development’ in view of the
formidable development challenges it faced. Nevertheless,

Maldives is an island nation scattered
in the Indian Ocean comprising 1,190 small coral islands of
which 190 are inhabited by a local population of 341,000.
Maldives’ unique archipelagic coral island provides the
country with an extremely rich and diverse marine ecological
system. With more territorial sea than land, marine
resources have played a vital role shaping the contours of
economic development, with nature-based tourism being the

This Systematic Country Diagnostic (SCD)
aims to identify the major constraints on and opportunities
for sustaining poverty reduction and shared prosperity in
Serbia. The SCD serves as the analytic foundation on which
the World Bank Group and the Government of Serbia will
define a new Country Partnership Framework for FY2016 to
FY2020. It is based on the best possible analysis, drawing
on available evidence, and not limited to areas where the

Between 2002 and 2012-13, most of the
reduction in poverty was due to increased earnings, as
opposed to higher employment or higher transfers. Although
it is hard to be certain, increases in earnings are
associated with: (i) a slow structural transformation away
from agriculture and into industry and services that led to
productivity increases; (ii) agglomeration around key urban
areas that supported this structural transformation; (iii)

After years of strong performance in the
run-up to the European Union (EU) accession, Bulgaria’s
growth has slowed down and poverty remains the highest in
the EU. Bulgaria achieved the highest recorded growth rates
between 2000-08 on the back of exceptionally high capital
inflows, structural reforms, sound fiscal management and the
prospects of EU accession. Employment boomed and poverty
fell steeply. Since 2008 – the year of global economic