World Bank

Horn of Africa countries launch regional initiative as peace dividend beckons, $15 billion investment on the cards

Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region.

Governments Worldwide Launched 294 Reforms Over the Past Year to Make Doing Business Easier

Governments of 115 economies around the world launched 294 reforms over the past year to make doing business easier for their domestic private sector, paving the way for more jobs, expanded commercial activity, and higher incomes for many, according to the World Bank Group’s Doing Business 2020 study.

Storm Clouds Are Brewing for the Global Economy

“At the beginning of 2018 the global economy was firing on all cylinders, but it lost speed during the year and the ride could get even bumpier in the year ahead. As economic and financial headwinds intensify for emerging and developing countries, the world’s progress in reducing extreme poverty could be jeopardized. To keep the momentum, countries need to invest in people, foster inclusive growth, and build resilient societies.”
Kristalina Georgieva World Bank Chief Executive Officer