Sub-Saharan Africa’s growth picked up moderately in 2014, to 4.5%, compared with 4.2% in 2013. Regional GDP growth is projected to remain broadly unchanged at 4.6% in 2015. Despite headwinds, growth is projected to pick up to 5.1% by 2017, lifted by infrastructure investment, increased agriculture production, and buoyant services.
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June 29, 2015 — What will it take to make Africa the next great investment destination? A two-day international forum aimed at boosting investment in Africa will kick off on June 30, in the Ethiopian capital of Addis Ababa. Read More »
June 10, 2015 — In a speech in Sharm El Sheikh, Egypt, World Bank Group President Jim Yong Kim encouraged African leaders to finalize the Tripartite Free Trade Agreement that could help further integrate Africa into the global economy.Read More »
June 4, 2015 — A new report published by the World Bank Group and World Economic Forum finds that improvements in agriculture, services and participation in global value chains are essential to strengthening the continent’s competitiveness.Read More »
May 21, 2015 — Using case studies from seven African countries, a new World Bank book provides evidence that it is possible to reach Africa’s poorest and most vulnerable people with safety net programs, and provides lessons on methods to achieve success. Read More »
The World Bank Group’s emergency response to the Ebola crisis is to help stop the spread of infections, improve public health systems throughout West Africa, and assist countries in coping with the economic impact.
IDA is the part of the World Bank that helps the world’s poorest countries. Established in 1960, IDA aims to reduce poverty by providing loans (called “credits”) and grants for programs that boost economic growth, reduce inequalities, and improve people’s living conditions.