Political risk remains the top preoccupation for foreign investors operating in developing countries over the next three years, in spite of persistent concerns over the global downturn in the short term. The global economic recession triggered by the financial crisis that has unfolded over the...

South Africa was hard-hit by the Coronavirus Disease 2019 (COVID-19) pandemic. The social impact of the crisis has also been high. Since 2019, the Government of South Africa (GoSA) has embarked on a new socio-economic transformation program. This crisis has forced the Government to make...

This country partnership framework (CPF), prepared jointly by the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) presents the World Bank Group's (WBG's) program for Togo during the...

Propelled by almost 20 years of sustained growth, Cabo Verde achieved low middle-income country (MIC) status in 2007, one of the first African countries to do so. The impact of the 2008 crisis on Cabo Verde's growth trajectory was heightened by the country's undiversified economy. Since 2016,...

Past economic success notwithstanding, this Country Partnership Framework (CPF) comes at a time when Kazakhstan faces growing challenges. Institutional and governance reforms have been identified by the Systematic Country Diagnostic (SCD) as the main constraint to achieving Kazakhstan's...

This five-year Country Partnership Framework (CPF) for Senegal lays out the World Bank Group (WBG) program for the FY20-FY24 period, which aims to support the country in its path towards achieving middle-income status by 2035

Sierra Leone has an advantageous geography and abundant mineral, agricultural and blue resources, yet the country's per capita gross domestic product (GDP) is almost the same as it was after independence. This CPF is highly selective and opportunistic, focusing on putting the fundamentals in...

The Central African Republic (CAR), sparsely populated and landlocked in the heart of the continent, is one of the poorest and most fragile countries in the world despite its wealth in natural resources. The socio-economic and health impacts of the Coronavirus disease (COVID-19) will put...

Rwanda is widely celebrated for the remarkable social, political, and economic renaissance it has experienced in the years following the genocide against the Tutsi of 1994. However, Rwanda appears to have relatively higher poverty rates than African peers with similar income per capita, and its...