Source: The World Bank Group |

Algeria: Strengthening Resilience to Better Address Future Shocks

The hydrocarbon sector will continue to support growth in 2022

Nonhydrocarbon sectors in Algeria are expected to recover to pre-pandemic levels in 2022 and trade and budget balances will also show a marked improvement this year, according to the latest edition of the World Bank’s Algeria Economic Update. Issued in French under the title Renforcer la résilience en période favorable (Strengthening resilience…

Source: The World Bank Group |

Algeria Economic Update: Strengthening Resilience in Favorable Times

The continued rise in global hydrocarbon prices has led to a marked improvement in macroeconomic balances

In 2021, the recovery was driven by the hydrocarbon sector and a stronger recovery in the services sector, despite a drop in agricultural activity. On a full year basis, non-hydrocarbon GDP remained 1.6 percent below its 2019 level, while hydrocarbon GDP approached this level. The recovery in employment opportunities continued…

Source: The World Bank Group |

Africa Centres for Disease Control Receives a $100 Million Boost from the World Bank to Strengthen Continental Public Health Preparedness

Regional approaches to health policies and interventions in complementarity with country and global efforts underscore the value of a strong Africa CDC geared towards safeguarding the health of the continent

The World Bank has approved a $100 million support program for the Africa Centres for Disease Control (Africa CDC) that will help enhance the institution’s technical capacity and strengthen its institutional framework to intensify support to African countries in preparing for, detecting, and responding to disease outbreaks and public health…

Source: The World Bank Group |

Resilience to Water Scarcity and Commodity Price Shocks are Critical for Moroccan Economic Growth and Stability

Moroccan Economy Slows in Wake of Drought and Commodity Price Rises

After a strong recovery in 2021, Morocco’s economy has suffered this year from the impact of a severe drought, a slowing global economy, and higher global energy and food prices. According to the World Bank’s latest report Morocco Economic Monitor, Spring 2022: The Recovery is Running Dry, the economy will slow…

Source: The World Bank Group |

World Bank Approves Second Phase of Nutrition Program to Reduce Child Stunting in Madagascar

The stunting rate has decreased by 7.63% over four years in seven regions where the program is active

The World Bank approved today the second phase of the Improving Nutrition Outcomes Program using the Multiphase Programmatic Approach amounting to $85 million consisting of a $42,5 million credit and a $42,5 million grant to continue helping Madagascar tackle widespread stunting in children Chronic malnutrition is the biggest impediment to a child’s potential…

Source: The World Bank Group |

Why One African Country Opted for Full Disclosure on Debt

As borrowing needs increased, the national debt management office started turning more to the domestic and regional capital markets, which come at higher costs and shorter maturity

For the past three years, the World Bank has been monitoring how transparent IDA countries are in their debt reporting practices through Among the 74 IDA countries, one stands out by meeting the “full disclosure” rating for every single one of the nine categories on the debt transparency Heat Map: Burkina Faso. This performance…

Source: The World Bank Group |

Victoria Kwakwa Appointed World Bank Vice President for Eastern and Southern Africa

Kwakwa, an economist and development expert with over 30 years of experience, will lead an active regional program including a financing portfolio of over 300 projects totaling more than $50 billion

The World Bank has appointed Victoria Kwakwa as the new World Bank Vice President for Eastern and Southern Africa, effective today. Kwakwa, an economist and development expert with over 30 years of experience, will lead an active regional program including a financing portfolio of over 300 projects totaling more than $50 billion and…

Source: The World Bank Group |

New Economic Analysis Calls for Bold Reforms for Malawi’s Macroeconomic Stability and Service Delivery Ambitions

The 15th Edition of the MEM underscores significant deterioration in the government’s finances, with the deficit reaching its highest level in over a decade

A series of external and domestic shocks are putting acute pressure on Malawi’s macro-economy, increasing the urgency to protect essential services for the vulnerable says the latest World Bank’s Malawi Economic Monitor (MEM). The 15th Edition of the MEM underscores significant deterioration in the government’s finances, with the deficit reaching its highest…

Source: The World Bank Group |

Mauritania Economic Update 2022: The Private Sector at the Center of Economic Transformation and Job Creation

The report notes that Mauritania has presented positive recent economic developments, including a surplus budget balance

According to the fifth edition of the World Bank's Report on the Economic Situation in Mauritania, the country's economic recovery in 2021 was robust but below pre-COVID-19 levels and growth potential. Growth is estimated to have rebounded by 2.4% in 2021 thanks to an increase in private consumption and investment,…

Source: The World Bank Group |

Sierra Leone: Leveraging SME Financing as Engine of Economic Growth and Job Creation

The report indicates that economic growth is projected to reach 4.4 % during 2022-2024

The new economic update for Sierra Leone says the economy grew by 3.1 % in 2021, after shrinking by 2.0 % in 2020. Agriculture contributed nearly half of the total growth during 2021; The analysis offers several recommendations including the need to develop a coordinated national approach to expanding access to…