Source: The World Bank Group |

New Country Policy and Institutional Assessment Report for Africa Highlights Best Practices to Support African Businesses

The 2024 report provides an assessment of the quality of policies and institutions in all 39 International Development Association (IDA)–eligible countries in SSA for calendar year 2023

The annual Country Policy and Institutional Assessment (CPIA) for Africa confirms that countries in Sub-Saharan Africa (SSA) weathered 2023 relatively well thanks to credible economic and social policy reforms. In particular, governments and central banks have started to shift attention from weathering global shocks to building credibility, capacity, and transparency. One reflection…

Source: The World Bank Group |

World Bank Supports Botswana to Enhance Renewable Energy and Improve Electricity Services

The Botswana Renewable Energy Support and Access Accelerator (RESA) Project, approved on July 11 2024, aims to transform the country’s energy landscape

The World Bank’s Board of Directors has approved its first lending operation supporting renewable energy development in Botswana. The Botswana Renewable Energy Support and Access Accelerator (RESA) Project, approved on July 11 2024, aims to transform the country’s energy landscape through enabling renewable solutions and improved electricity access. Botswana has vast…

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Source: The World Bank Group |

Between Poverty and Fragility: Affordable and Accessible Health Centers in Mali

PACSU, funded by the World Bank, the Global Financing Facility (GFF), and the Netherlands, aims to improve access to and quality of health services

The Accelerating Progress Toward Health Coverage Project (PACSU), funded by the World Bank, the Global Financing Facility (GFF), and the Netherlands, aims to improve access and quality of health services; As a result of the project, the quality of services increased from 37% to 81%, with availability of essential drugs reaching…

Source: The World Bank Group |

World Bank Grant to Support Scaling up Social Protection for Vulnerable Zambians Affected by the Drought

The project will continue to support Zambia in strengthening the country’s institutional capacity and social protection delivery systems

Over 1.6 million vulnerable Zambians, badly affected by the severe drought, are set to benefit from a new World Bank grant meant to address the adverse effects of the ongoing drought, the worst in the last 40 years. Additional financing to the Scaling-up Shock Responsive Social Protection Project (SSRSP AF2) (http://apo-opa.co/4bIdnwt) will…

Source: The World Bank Group |

World Bank Appoints New Country Director for the Maghreb and Malta

Mr. Ndiaye will lead the World Bank's strategic partnerships in the Maghreb and Malta and oversee a financing portfolio of $11.5 billion

The World Bank announces Mr. Ahmadou Moustapha Ndiaye as the new Country Director for the Maghreb and Malta. He succeeds Mr. Jesko Hentschel, who has served in the position for the last five years. Mr. Ndiaye will lead the World Bank's engagements with the governments of Algeria, Libya, Malta, Morocco,…

Source: The World Bank Group |

World Bank Appoints New Country Director for Nigeria

Prior to his assignment to Abuja, Dr. Ndiamé Diop served as the World Bank Country Director for Brunei, Malaysia, Philippines, and Thailand, based in Manila

The newly appointed Country Director for Nigeria, Dr. Ndiamé Diop, assumed his new position today. He is succeeding Shubham Chaudhuri who completed his term in the same capacity. Prior to his assignment to Abuja, Dr. Ndiamé Diop served as the World Bank Country Director for Brunei, Malaysia, Philippines, and Thailand, based in Manila.…

Source: The World Bank Group |

Chad: World Bank launches an Economic report

Chad’s economy has proven resilient despite the war in neighboring Sudan, although there have been spillover effects on trade, public expenditure, and inflation

Enhancing the economic inclusion of refugees necessitates acknowledging their economic contributions, according to the World Bank Chad Economic Update 2024, which dedicates a special chapter to examining the economic ramifications of refugee influxes. The outbreak of the Sudanese crisis in April 2023 has led to a significant increase of refugee…

Source: The World Bank Group |

Burkina Faso: Launch of two World Bank Economic Reports

The report suggests policy options including raising agricultural productivity, increasing the technological sophistication of firms, improving resource allocation and productivity through better transport, and achieving gender equality

The World Bank today launched (i) the Burkina Faso Economic Update and (ii) the Country Economic Memorandum (CEM). The Economic Update highlights recent economic trends in the country and analyzes the short- and medium-term economic outlook. Focusing on scaling up social assistance, the April 2024 edition, “Sustaining the Momentum of Social Assistance…

Source: The World Bank Group |

Uganda Should Improve Public Spending on Health for a More Productive Population

According to the 23rd edition of the Uganda Economic Update (UEU) released today, low inflation and recovery of real income and employment bolstered consumption, while private investment remained resilient

Economic activity in Uganda has remained resilient despite multiple successive shocks, with real gross domestic product (GDP) accelerating from 5.3% in FY22/23 to an estimated 6% in FY23/24, a new World Bank report notes. The expansion was driven by oil-related construction activity and the growth of the mining and quarrying…

Source: The World Bank Group |

Fostering a Vibrant and Inclusive Private Sector is Key to Somalia’s Resilient Growth

Private sector activity is concentrated on commerce and other, mostly non-tradable, consumption-driven services

Since Somalia’s private sector accounts for an estimated 95 percent of total jobs created, marshaling the private sector to support the country’s development is critical for reconstruction, transitioning from fragility, and generating more inclusive economic dividends for it’s people. The country also needs to focus on growth (to avoid falling…