As the region faces up to the challenge of the recent drop in oil prices, Bahrain’s fundamentals indicate the kingdom is well positioned to weather the dip. The focus on diversification goals outlined in Economic Vision 2030 is helping establish a more competitive and sustainable economy in the kingdom. The financial sector, which represents Bahrain’s second-largest GDP contributor, has continued to recover robustly since the global economic downturn.
Following years of poor governance, limited resources and international sanctions, much work needs to be done in order to bridge the gap between Myanmar’s ill-equipped public health system and internationally recognised norms. The government and foreign donors are ramping up efforts in the fight against HIV, malaria, tuberculosis (TB) and maternal and child mortality as well as the increasing...
Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.
The government is increasingly focused on preventative care as Oman’s health care budget almost doubled for 2014, reaching $3.34bn. Rising rates of obesity and diabetes are among the chief challenges facing the sector as lifestyle changes bring rates for obesity in line with developed Western countries. While government spending accounts for about 78.7% of total health expenditure in the...
Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.
Public spending on education and health is set to increase significantly in coming years as the government attempts to address one of the biggest challenges facing both sectors; a sizeable infrastructure gap that continues to perpetuate a significant urban-rural divide. In the process, opportunities for the private sector through public-private partnerships (PPPs) should abound. In the...
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