Sub-Saharan Africa is the world¡¯s second most unequal region after Latin America, with deep-seated structural sources of inequality not only limiting poverty reduction, but growth itself. New report argues that broadening people¡¯s access to jobs and public services represents one of Africa¡¯s best prospects for accelerating poverty reduction and maps out a framework that can help economies remove barriers to opportunities.
The October 2024 edition of Africa¡¯s Pulse reports a fragile economic recovery in Sub-Saharan Africa, with growth projected at 3% in 2024, up from 2.4% in 2023, driven by increased private consumption and investment. Inflation is expected to decline from 7.1% in 2023 to 4.9% in 2024 and 4.6% in 2025¨C26 due to tighter monetary and fiscal policies, stabilized currencies, and eased supply chain disruptions.
The CPIA Africa 2024 edition shows countries in Sub-Saharan Africa 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.
The Office of the Chief Economist in the Africa Region provides guidance on strategic priorities and generates timely, relevant knowledge on policy and institutional reforms in .
It produces research articles and reports on pressing development issues, disseminates knowledge widely, provides inputs that enrich the World Bank¡¯s work in African countries, and fosters a strong community of economists within the World Bank and on the continent to advance the region¡¯s development. Learn more...
Why are countries¡¯ experiences of inflation beginning to diverge in Sub-Saharan Africa?
New report is about the critical role of investing in Africa's adolescent girls to unlock transformative change and secure the continent's future prosperity amidst challenges like child marriage and limited educational ...
