Regional integration is vital to creating the infrastructure that many poor countries are unable to build on their own: trade corridors, transport networks, energy development, water resources management, and telecommunications connectivity. Effective collaboration among countries can meet the critical gaps in basic access and service delivery that promote growth and development.
1 billion of the world’s poorest people are still without access to roads.
$93 billion is needed each year in infrastructure investment in Africa to reduce poverty by half from 1990 levels
International trade plays an important role in the fight against poverty. It creates the potential for higher economic growth and employment. IDA’s aid for trade financing nearly doubled from 2005 to 2008 in support of regional integration, export development and competitiveness, and trade facilitation. However, many low-income countries still face supply-side constraints that impede their integration into the global economy.
$3.9 billion the amount IDA provided in aid for trade financing in 2008
IDA-funded project reduces threat of desert locust in Africa’s Sahel region.
Regional integration can help countries increase competitive global growth rates that, in turn, combat poverty and serve as engines of development. Since the start of the IDA Regional Pilot Program in 2003, the enabling environment for integration has improved significantly due to increased political support among countries and growing private-sector demand for regional trade.