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    <title>South Asia Economic Update April 2026</title>
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    <wn_title>South Asia Economic Update April 2026</wn_title>
    <wn_desc> The World Bank’s latest economic outlook explores growth prospects for South Asia and provides analysis on how the region can benefit from the green energy transition.</wn_desc>
    <master_recent_date>2027-04-08T23:00:00Z</master_recent_date>
    <short_description>South Asia’s growth is expected to slow in 2026 amid headwinds from global energy market dislocation. Trade reforms could unlock further growth by reducing trade barriers, especially for emerging export sectors.</short_description>
    <desc> The World Bank’s latest economic outlook explores growth prospects for South Asia and provides analysis on how the region can benefit from the green energy transition.</desc>
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    <title>A Livable Future: Protecting Jobs and Growth from Extreme Heat in South Asia's Cities</title>
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    <url>http://www.worldbank.org/en/region/sar/publication/a-livable-future-protecting-jobs-and-growth-from-extreme-heat-in-south-asia-s-cities</url>
    <lang>English</lang>
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    <wn_title>A Livable Future: Protecting Jobs and Growth from Extreme Heat in South Asia's Cities</wn_title>
    <wn_desc>FULL REPORT | EXECUTIVE SUMMARY | PRESS RELEASE | INFOGRAPHIC</wn_desc>
    <master_recent_date>2026-07-29T20:39:00Z</master_recent_date>
    <short_description>Extreme heat is already costing South Asia nearly the equivalent of 31 million full-time jobs every year and is on track to reduce the region's economy by nearly 7 percent by 2050, according to a new World Bank report released today.</short_description>
    <desc>FULL REPORT | EXECUTIVE SUMMARY | PRESS RELEASE | INFOGRAPHIC</desc>
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    <title>Keynote Address by Anna Bjerde, World Bank Managing Director of Operations, at the African Water Forum</title>
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    <url>http://www.worldbank.org/en/news/statement/2026/07/15/keynote-address-by-anna-bjerde-world-bank-managing-director-of-operations-at-the-african-water-forum</url>
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    <wn_title>Keynote Address by Anna Bjerde, World Bank Managing Director of Operations, at the African Water Forum</wn_title>
    <wn_desc><![CDATA[ N'Djamena, Chad - July 15, 2026As prepared for delivery Your Excellency President Déby, thank you for hosting this Forum and for Chad's leadership on water security.Excellencies, distinguished guests, colleagues, ladies and gentlemen, Good morning. It is a pleasure to join you at the African Water Forum, particularly in a year when the African Union has placed water and sanitation at the center of the continent's development agenda. It's also a pleasure to be back in Chad. During my last visit, I traveled to Adré, on the border with Sudan, where I saw firsthand how water insecurity affects every aspect of daily life for both refugees and host communities. It was a powerful reminder that water is life. And as I hope to demonstrate today, water is also an economic powerhouse for Africa. It is closely linked to the continent’s vital assets. Let us step back. No continent is better positioned to benefit from a growing and dynamic generation of young people than Africa. Their talent, energy, and ambition represent one of the world's greatest development opportunities. Over the next 10 to 15 years, 1.2 billion young people in developing countries will reach working age, but only about 400 million jobs are expected to be created. In Africa, the numbers are equally striking. Over the next decade, roughly 320 million young people across the continent will reach working age, yet only about 30 million jobs are expected to be created if current trends continue. Africa is the only region in the world with a growing population. By 2050, one in four people in the world will be African. And the continent’s youth are projected to account for nearly one-third of the world’s young people. Young people are Africa’s greatest asset. Asset #1: Young People and Water &nbsp; Meeting the jobs challenge will require investing in people from the very start of life and creating opportunities for them to thrive as adults. And water is part of the solution. A child needs clean water and sanitation, nutritious food, healthcare, education, and a safe environment to grow, learn, and reach their full potential. These investments are deeply connected, and water runs through all of them. Without safe water, children are more vulnerable to disease and malnutrition. They miss school. Their potential is limited before it has the chance to develop. With access to safe water and sanitation, children are healthier, stronger, better able to learn, and better prepared to contribute to society. Yet helping children reach their full potential is only part of the challenge. As children become young adults, they need opportunities to put their talents to work, earn a living, start businesses, and contribute to their communities. And this is where water becomes not only a human necessity, but also an economic asset that can unlock jobs, raise productivity, and support growth. Asset #2: Economic Prosperity and Water Today, nearly one in three people in Sub-Saharan Africa still lack access to basic water services. In rural areas, nearly one in two. Worryingly, diseases linked to unsafe water, sanitation, and hygiene cause as many as 600,000 deaths in the region, while as many as 1 million people are pushed out of work each year in Sub-Saharan Africa due to drought. Africa is home to some of the world's greatest freshwater assets. From the Nile and the Congo Basin to the Niger, Zambezi, Senegal, and Volta rivers, water has sustained communities and economies for generations. In much of Africa, the challenge is not the availability of water. The challenge is delivering reliable water services through the infrastructure, institutions, and financing needed to connect people, farms, and businesses to this resource. What is missing is often not the water itself, but the systems needed to transform water into jobs, growth, food security, and resilience. Because when water does not work, economies do not work. Farmers cannot increase productivity. Businesses cannot expand. Cities struggle to attract investment. Entrepreneurs cannot create jobs at the scale Africa needs. Agriculture employs more than 60 percent of Africa's workforce, yet approximately 95 percent of cultivated land remains dependent on rainfall. Expanding climate-smart irrigation can strengthen food security, create jobs, boost productivity, and increase rural incomes. More broadly, reliable water systems help cities grow, businesses invest, and communities become more resilient to climate shocks. That brings me to the third asset linked to water: resilience. Asset #3: Resilience and Water Well-functioning water supply is not only about people thriving today and economies growing. It is also about countries withstanding shocks and building resilience. Too often, water insecurity sits at the center of broader development challenges. It undermines food security, fuels displacement, and contributes to fragility and instability. Strengthening water security is therefore an investment in resilience. It helps communities adapt to climate change, manage droughts and floods, protect livelihoods, and reduce the pressures that lead to crises. Recognizing the fundamental importance of water, I would now like to talk about Water Forward – one of several global initiatives we at the World Bank Group are pursuing to help our clients transform their economies and create opportunities for their people. Water Forward Launched in April of this year, Water Forward is the World Bank Group's most ambitious water initiative ever. Its goal is to help deliver water security for over one billion people by 2030 by advancing water for people, water for food, and water for the planet. At the center of this effort are National Water Compacts: government-led platforms that bring together reforms, institutions, financing, and implementation around a common agenda. This is because lasting progress happens when countries lead and partners align behind a shared vision. I am excited that Chad, Guinea, and The Gambia will present their National Water Compacts here in N'Djamena today, joining a growing group of countries across the region that are advancing country-led approaches to water security. Today, 22 countries have prepared National Water Compacts, including 15 in Sub-Saharan Africa, and we anticipate another 25 before the end of the calendar year. We are proud to support this effort alongside governments, development partners, the private sector, and local communities across Africa. As I close, let me return to the powerful connection between water and Africa’s greatest assets. First, water is fundamentally about people and their potential. It means healthier children, better learning outcomes, greater opportunities for women and girls, and stronger communities. Second, water is fundamentally about opportunity. Every drop of water put to productive use is a job supported, a harvest secured, and a business enabled. Third, water is fundamentally about resilience. Water security helps countries strengthen food security, reduce displacement, withstand climate shocks, and build stability. Together, these three dimensions—people, opportunity, and resilience—are essential to Africa's future. Africa's aspirations for jobs, food security, resilience, and shared prosperity depend on getting the fundamentals right. And few fundamentals matter more than water. The path forward is clear. Success requires country leadership, strong institutions, financing at scale, and sustained cooperation across borders. The tools exist. Because when water works, economies work. Water can become one of Africa's most powerful engines of jobs, productivity, and growth. Together, we can turn water security into opportunity for people across the continent. Thank you.]]></wn_desc>
    <master_recent_date>2026-07-15T10:57:45Z</master_recent_date>
    <short_description>Keynote Address by Anna Bjerde, World Bank Managing Director of Operations, at the African Water Forum</short_description>
    <desc><![CDATA[ N'Djamena, Chad - July 15, 2026As prepared for delivery Your Excellency President Déby, thank you for hosting this Forum and for Chad's leadership on water security.Excellencies, distinguished guests, colleagues, ladies and gentlemen, Good morning. It is a pleasure to join you at the African Water Forum, particularly in a year when the African Union has placed water and sanitation at the center of the continent's development agenda. It's also a pleasure to be back in Chad. During my last visit, I traveled to Adré, on the border with Sudan, where I saw firsthand how water insecurity affects every aspect of daily life for both refugees and host communities. It was a powerful reminder that water is life. And as I hope to demonstrate today, water is also an economic powerhouse for Africa. It is closely linked to the continent’s vital assets. Let us step back. No continent is better positioned to benefit from a growing and dynamic generation of young people than Africa. Their talent, energy, and ambition represent one of the world's greatest development opportunities. Over the next 10 to 15 years, 1.2 billion young people in developing countries will reach working age, but only about 400 million jobs are expected to be created. In Africa, the numbers are equally striking. Over the next decade, roughly 320 million young people across the continent will reach working age, yet only about 30 million jobs are expected to be created if current trends continue. Africa is the only region in the world with a growing population. By 2050, one in four people in the world will be African. And the continent’s youth are projected to account for nearly one-third of the world’s young people. Young people are Africa’s greatest asset. Asset #1: Young People and Water &nbsp; Meeting the jobs challenge will require investing in people from the very start of life and creating opportunities for them to thrive as adults. And water is part of the solution. A child needs clean water and sanitation, nutritious food, healthcare, education, and a safe environment to grow, learn, and reach their full potential. These investments are deeply connected, and water runs through all of them. Without safe water, children are more vulnerable to disease and malnutrition. They miss school. Their potential is limited before it has the chance to develop. With access to safe water and sanitation, children are healthier, stronger, better able to learn, and better prepared to contribute to society. Yet helping children reach their full potential is only part of the challenge. As children become young adults, they need opportunities to put their talents to work, earn a living, start businesses, and contribute to their communities. And this is where water becomes not only a human necessity, but also an economic asset that can unlock jobs, raise productivity, and support growth. Asset #2: Economic Prosperity and Water Today, nearly one in three people in Sub-Saharan Africa still lack access to basic water services. In rural areas, nearly one in two. Worryingly, diseases linked to unsafe water, sanitation, and hygiene cause as many as 600,000 deaths in the region, while as many as 1 million people are pushed out of work each year in Sub-Saharan Africa due to drought. Africa is home to some of the world's greatest freshwater assets. From the Nile and the Congo Basin to the Niger, Zambezi, Senegal, and Volta rivers, water has sustained communities and economies for generations. In much of Africa, the challenge is not the availability of water. The challenge is delivering reliable water services through the infrastructure, institutions, and financing needed to connect people, farms, and businesses to this resource. What is missing is often not the water itself, but the systems needed to transform water into jobs, growth, food security, and resilience. Because when water does not work, economies do not work. Farmers cannot increase productivity. Businesses cannot expand. Cities struggle to attract investment. Entrepreneurs cannot create jobs at the scale Africa needs. Agriculture employs more than 60 percent of Africa's workforce, yet approximately 95 percent of cultivated land remains dependent on rainfall. Expanding climate-smart irrigation can strengthen food security, create jobs, boost productivity, and increase rural incomes. More broadly, reliable water systems help cities grow, businesses invest, and communities become more resilient to climate shocks. That brings me to the third asset linked to water: resilience. Asset #3: Resilience and Water Well-functioning water supply is not only about people thriving today and economies growing. It is also about countries withstanding shocks and building resilience. Too often, water insecurity sits at the center of broader development challenges. It undermines food security, fuels displacement, and contributes to fragility and instability. Strengthening water security is therefore an investment in resilience. It helps communities adapt to climate change, manage droughts and floods, protect livelihoods, and reduce the pressures that lead to crises. Recognizing the fundamental importance of water, I would now like to talk about Water Forward – one of several global initiatives we at the World Bank Group are pursuing to help our clients transform their economies and create opportunities for their people. Water Forward Launched in April of this year, Water Forward is the World Bank Group's most ambitious water initiative ever. Its goal is to help deliver water security for over one billion people by 2030 by advancing water for people, water for food, and water for the planet. At the center of this effort are National Water Compacts: government-led platforms that bring together reforms, institutions, financing, and implementation around a common agenda. This is because lasting progress happens when countries lead and partners align behind a shared vision. I am excited that Chad, Guinea, and The Gambia will present their National Water Compacts here in N'Djamena today, joining a growing group of countries across the region that are advancing country-led approaches to water security. Today, 22 countries have prepared National Water Compacts, including 15 in Sub-Saharan Africa, and we anticipate another 25 before the end of the calendar year. We are proud to support this effort alongside governments, development partners, the private sector, and local communities across Africa. As I close, let me return to the powerful connection between water and Africa’s greatest assets. First, water is fundamentally about people and their potential. It means healthier children, better learning outcomes, greater opportunities for women and girls, and stronger communities. Second, water is fundamentally about opportunity. Every drop of water put to productive use is a job supported, a harvest secured, and a business enabled. Third, water is fundamentally about resilience. Water security helps countries strengthen food security, reduce displacement, withstand climate shocks, and build stability. Together, these three dimensions—people, opportunity, and resilience—are essential to Africa's future. Africa's aspirations for jobs, food security, resilience, and shared prosperity depend on getting the fundamentals right. And few fundamentals matter more than water. The path forward is clear. Success requires country leadership, strong institutions, financing at scale, and sustained cooperation across borders. The tools exist. Because when water works, economies work. Water can become one of Africa's most powerful engines of jobs, productivity, and growth. Together, we can turn water security into opportunity for people across the continent. Thank you.]]></desc>
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    <title>Burkina Faso: New World Bank Financing to Expand Economic Opportunities and Strengthen Social Protection Systems</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/07/15/burkina-faso-new-world-bank-financing-to-expand-economic-opportunities-and-strengthen-social-protection-systems</url>
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    <wn_title>Burkina Faso: New World Bank Financing to Expand Economic Opportunities and Strengthen Social Protection Systems</wn_title>
    <wn_desc><![CDATA[ WASHINGTON June 15, 2026 -&nbsp;The World Bank approved today a new project in Burkina Faso to expand economic opportunities for vulnerable populations, foster social cohesion, and strengthen the country’s social protection system. This marks a renewed partnership between the World Bank Group and the Government of Burkina Faso in the social protection sector. The project will be implemented over five years and financed through an International Development Association (IDA) credit of $100 million and a $20 million grant from the Sahel Adaptive Social Protection Program. The new operation builds on the strong results of the Burkina Naong Sa Ya (“Ending Poverty”) Social Safety Nets Project, implemented from 2014 to 2024, which reached more than one million beneficiaries with social assistance and helped establish a national social registry of vulnerable households, providing a critical platform for the expansion and targeting of social protection programs across the country. The Burkina Faso Economic Opportunities for Resilience Project will support the implementation of the National Social Protection Strategy (2024-2028) and a new national flagship social assistance program: the Economic Empowerment Support Program for Poor and Vulnerable Households. Targeting 120,000 beneficiaries, the operation will expand access to economic opportunities for vulnerable households, including internally displaced persons and returnees; promote investments in skills development, food security, nutrition, and health—the building blocks for productive and better jobs; strengthen women’s economic empowerment; and enhance households’ resilience to climate-related and other shocks. The project will also focus on making the national social protection system more adaptive, effective, and better coordinated by enhancing programs, information and data, and institutional capacity to maximize the outcomes of interventions. It will support the expanded coverage and use of the social registry; promote its integration with other key databases—including those for internally displaced persons and health insurance—to ensure accurate, efficient, and inclusive identification of beneficiaries. “The project illustrates our continued commitment to support the government’s effort to achieve more harmonized approach to social protection. Also, it fully aligns with our new country partnership framework for Burkina Faso, which aims to promote sustained development, with a strong focus on creating more and better jobs,” said Hamoud Abdel Wedoud Kamil, World Bank Country Manager for Burkina Faso. “The package of interventions are both productive and protective. They will help people access food, education, and health services to protect and build human capital, and also access productive assets and financial services, all of which can transform people's lives in the medium and long terms,” added Trina Haque, World Bank Regional Practice Director for Western and Central Africa.]]></wn_desc>
    <master_recent_date>2026-07-15T10:11:34Z</master_recent_date>
    <short_description>The World Bank approved today a new project in Burkina Faso to expand economic opportunities for vulnerable populations, foster social cohesion, and strengthen the country’s social protection system. This marks a renewed partnership between the World Bank Group and the Government of Burkina Faso in the social protection sector. The project will be implemented over five years and financed through an International Development Association (IDA) credit of $100 million and a $20 million grant from the Sahel Adaptive Social Protection Program.</short_description>
    <desc><![CDATA[ WASHINGTON June 15, 2026 -&nbsp;The World Bank approved today a new project in Burkina Faso to expand economic opportunities for vulnerable populations, foster social cohesion, and strengthen the country’s social protection system. This marks a renewed partnership between the World Bank Group and the Government of Burkina Faso in the social protection sector. The project will be implemented over five years and financed through an International Development Association (IDA) credit of $100 million and a $20 million grant from the Sahel Adaptive Social Protection Program. The new operation builds on the strong results of the Burkina Naong Sa Ya (“Ending Poverty”) Social Safety Nets Project, implemented from 2014 to 2024, which reached more than one million beneficiaries with social assistance and helped establish a national social registry of vulnerable households, providing a critical platform for the expansion and targeting of social protection programs across the country. The Burkina Faso Economic Opportunities for Resilience Project will support the implementation of the National Social Protection Strategy (2024-2028) and a new national flagship social assistance program: the Economic Empowerment Support Program for Poor and Vulnerable Households. Targeting 120,000 beneficiaries, the operation will expand access to economic opportunities for vulnerable households, including internally displaced persons and returnees; promote investments in skills development, food security, nutrition, and health—the building blocks for productive and better jobs; strengthen women’s economic empowerment; and enhance households’ resilience to climate-related and other shocks. The project will also focus on making the national social protection system more adaptive, effective, and better coordinated by enhancing programs, information and data, and institutional capacity to maximize the outcomes of interventions. It will support the expanded coverage and use of the social registry; promote its integration with other key databases—including those for internally displaced persons and health insurance—to ensure accurate, efficient, and inclusive identification of beneficiaries. “The project illustrates our continued commitment to support the government’s effort to achieve more harmonized approach to social protection. Also, it fully aligns with our new country partnership framework for Burkina Faso, which aims to promote sustained development, with a strong focus on creating more and better jobs,” said Hamoud Abdel Wedoud Kamil, World Bank Country Manager for Burkina Faso. “The package of interventions are both productive and protective. They will help people access food, education, and health services to protect and build human capital, and also access productive assets and financial services, all of which can transform people's lives in the medium and long terms,” added Trina Haque, World Bank Regional Practice Director for Western and Central Africa.]]></desc>
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    <title>Cabo Verde 2026 Economic Update: Inter-Island Connectivity for Inclusive Growth</title>
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    <url>http://www.worldbank.org/en/country/caboverde/publication/cabo-verde-2026-economic-update-inter-island-connectivity-for-inclusive-growth</url>
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    <wn_title>Cabo Verde 2026 Economic Update: Inter-Island Connectivity for Inclusive Growth</wn_title>
    <wn_desc> Cabo Verde’s economy performed strongly in 2025. Real GDP expanded by 6.3%, or 5.8% in per capita terms, driven largely by strong tourism activity. Record arrivals from European markets, expanded flight capacity, and surging demand led the services sector to contribute 4.1 percentage points of total growth. Private consumption added 2 percentage points, reflecting the contribution of tourism to household incomes and spending across the islands. Unemployment fell to 6.2%, poverty dropped from 53.8% in 2024 to 51.2% in 2025 (estimated using the UMIC poverty line of $8.3/day (2021PPP). The challenge now is to translate this strong growth performance into more durable jobs gains — not only more jobs, but better-quality and more inclusive employment opportunities across islands, sectors, and population groups. On the external front, the current account recorded a surplus of 3.6% of GDP — the second in a row — buoyed by service exports reaching 30.5% of GDP and remittances contributing a steady 10.3%. International reserves reached a record EUR 975 million, covering 7.1 months of prospective imports. The escudo peg remained stable, the banking system remained well-capitalized, and the fiscal position recorded a budget surplus of 1% of GDP - the first since 2007- supported by strong tax collection and a one-off airport concession payment. Public debt declined to 100.7% of GDP, continuing its downward trajectory since the post-pandemic peak. However, vulnerabilities remain. Debt service absorbs 34.2% of revenues, a figure that would rise to 46.3% if state-owned enterprise (SOE) obligations were included. The national airline remains a significant source of fiscal risk, with domestic guarantees contracted at rates well above the government’s own borrowing costs. A fuller account of these trends is presented in the Cabo Verde Economic Update 2026, which takes stock of the country’s growth trajectory, fiscal risks, SOE vulnerabilities, and the policy priorities needed to build a more diversified and resilient economy.Tourism Drives Growth — Connectivity Determines Its Limits</wn_desc>
    <master_recent_date>2026-07-14T11:03:00Z</master_recent_date>
    <short_description>Cabo Verde’s economy performed strongly in 2025. Real GDP expanded by 6.3%, or 5.8% in per capita terms, driven largely by strong tourism activity. Record arrivals from European markets, expanded flight capacity, and surging demand led the services sector to contribute 4.1 percentage points of total growth. Private consumption added 2 percentage points, reflecting the contribution of tourism to household incomes and spending across the islands.</short_description>
    <desc> Cabo Verde’s economy performed strongly in 2025. Real GDP expanded by 6.3%, or 5.8% in per capita terms, driven largely by strong tourism activity. Record arrivals from European markets, expanded flight capacity, and surging demand led the services sector to contribute 4.1 percentage points of total growth. Private consumption added 2 percentage points, reflecting the contribution of tourism to household incomes and spending across the islands. Unemployment fell to 6.2%, poverty dropped from 53.8% in 2024 to 51.2% in 2025 (estimated using the UMIC poverty line of $8.3/day (2021PPP). The challenge now is to translate this strong growth performance into more durable jobs gains — not only more jobs, but better-quality and more inclusive employment opportunities across islands, sectors, and population groups. On the external front, the current account recorded a surplus of 3.6% of GDP — the second in a row — buoyed by service exports reaching 30.5% of GDP and remittances contributing a steady 10.3%. International reserves reached a record EUR 975 million, covering 7.1 months of prospective imports. The escudo peg remained stable, the banking system remained well-capitalized, and the fiscal position recorded a budget surplus of 1% of GDP - the first since 2007- supported by strong tax collection and a one-off airport concession payment. Public debt declined to 100.7% of GDP, continuing its downward trajectory since the post-pandemic peak. However, vulnerabilities remain. Debt service absorbs 34.2% of revenues, a figure that would rise to 46.3% if state-owned enterprise (SOE) obligations were included. The national airline remains a significant source of fiscal risk, with domestic guarantees contracted at rates well above the government’s own borrowing costs. A fuller account of these trends is presented in the Cabo Verde Economic Update 2026, which takes stock of the country’s growth trajectory, fiscal risks, SOE vulnerabilities, and the policy priorities needed to build a more diversified and resilient economy.Tourism Drives Growth — Connectivity Determines Its Limits</desc>
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    <title>Cabo Verde Economic Update 2026: Connecting Islands, Unlocking Potential</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/07/14/cabo-verde-economic-update-2026-connecting-islands-unlocking-potential</url>
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    <wn_title>Cabo Verde Economic Update 2026: Connecting Islands, Unlocking Potential</wn_title>
    <wn_desc><![CDATA[ PRAIA, JULY 14, 2026&nbsp;- Cabo Verde’s economy maintained strong momentum in 2025, and real GDP expanded by 6.3%, driven by record tourism arrivals, stronger private consumption, and improved fiscal performance, according to the latest country Economic Update 2026, released today by the World Bank. Despite these gains, the report warns that key vulnerabilities remain, including continued dependence on tourism, fiscal risks linked to state-owned enterprises (SOEs), and weak inter-island connectivity that constrains private sector growth and economic diversification. The report, titled Unpacking the Inter-Island Connectivity-Growth Nexus, examines Cabo Verde’s macroeconomic outlook, progress on poverty reduction, and the reforms needed to strengthen resilience and broaden the base of growth. It identifies inter-island connectivity as a critical constraint on productivity, market integration, and inclusive development across the archipelago. “Cabo Verde’s 2025 results show what is possible when macroeconomic discipline is matched by private-sector dynamism. The next step is to turn today’s tourism-led rebound into broader, more resilient growth by fixing the fundamentals that connect the archipelago — reliable, affordable inter-island transport. Improving connectivity will lower costs, integrate markets, and ensure that more Cabo Verdeans across all islands can benefit from growth”, said&nbsp;Indira&nbsp;Campos, World Bank&nbsp;Group Resident Representative for Cabo Verde. The report notes that inflation increased to 2.3% in 2025, while poverty declined from 53.8% to 51.2%. The labor market showed resilience as unemployment fell to 6.2%, though youth unemployment remains above 15%. International reserves reached a record EUR 975 million, equivalent to 7.1 months of prospective imports, while tax revenues rose by 16.8% year-on-year, contributing to the country’s first fiscal surplus since 2007. Public debt fell to 100.7% of GDP in 2025, continuing its downward trajectory, though debt service continues to absorb 34.2% of government revenues — a figure that would rise to 46.3% if SOE obligations were included. Growth is projected to moderate to 4.8% in 2026, reflecting spillovers from the conflict in the Middle East and emerging headwinds from global instability, before stabilizing at around 5.1% over the medium term. The report highlights unreliable and costly domestic air and maritime transport as a major obstacle to economic integration and tourism diversification. Weak connectivity raises costs for businesses and households, limits domestic value chains, and concentrates economic activity in Sal and Boa Vista. These constraints also limit the economy’s ability to translate growth into broader job opportunities, particularly for young people, women, and workers in islands that remain weakly connected to tourism and other growth sectors. To address these constraints, the report recommends strengthening regulation, modernizing transport concession frameworks, and expanding opportunities for private sector participation in air and maritime services. These reforms would improve the reliability, affordability and predictability of inter-island transport, reducing costs for firms and households while enabling businesses to reach new markets across the archipelago. By strengthening links between tourism, agriculture, fisheries, logistics, and local services, better connectivity can help unlock more diversified private sector activity and support the creation of more, better, and more inclusive jobs, particularly for women and young people outside the main tourism centers. The report also highlights the importance of stronger SOE governance to reduce fiscal risks, improve service delivery and create an enabling environment for private investment and sustainable job creation.]]></wn_desc>
    <master_recent_date>2026-07-14T09:50:00Z</master_recent_date>
    <short_description>Cabo Verde’s economy maintained strong momentum in 2025, and real GDP expanded by 6.3%, driven by record tourism arrivals, stronger private consumption, and improved fiscal performance, according to the latest country Economic Update 2026, released today by the World Bank.</short_description>
    <desc><![CDATA[ PRAIA, JULY 14, 2026&nbsp;- Cabo Verde’s economy maintained strong momentum in 2025, and real GDP expanded by 6.3%, driven by record tourism arrivals, stronger private consumption, and improved fiscal performance, according to the latest country Economic Update 2026, released today by the World Bank. Despite these gains, the report warns that key vulnerabilities remain, including continued dependence on tourism, fiscal risks linked to state-owned enterprises (SOEs), and weak inter-island connectivity that constrains private sector growth and economic diversification. The report, titled Unpacking the Inter-Island Connectivity-Growth Nexus, examines Cabo Verde’s macroeconomic outlook, progress on poverty reduction, and the reforms needed to strengthen resilience and broaden the base of growth. It identifies inter-island connectivity as a critical constraint on productivity, market integration, and inclusive development across the archipelago. “Cabo Verde’s 2025 results show what is possible when macroeconomic discipline is matched by private-sector dynamism. The next step is to turn today’s tourism-led rebound into broader, more resilient growth by fixing the fundamentals that connect the archipelago — reliable, affordable inter-island transport. Improving connectivity will lower costs, integrate markets, and ensure that more Cabo Verdeans across all islands can benefit from growth”, said&nbsp;Indira&nbsp;Campos, World Bank&nbsp;Group Resident Representative for Cabo Verde. The report notes that inflation increased to 2.3% in 2025, while poverty declined from 53.8% to 51.2%. The labor market showed resilience as unemployment fell to 6.2%, though youth unemployment remains above 15%. International reserves reached a record EUR 975 million, equivalent to 7.1 months of prospective imports, while tax revenues rose by 16.8% year-on-year, contributing to the country’s first fiscal surplus since 2007. Public debt fell to 100.7% of GDP in 2025, continuing its downward trajectory, though debt service continues to absorb 34.2% of government revenues — a figure that would rise to 46.3% if SOE obligations were included. Growth is projected to moderate to 4.8% in 2026, reflecting spillovers from the conflict in the Middle East and emerging headwinds from global instability, before stabilizing at around 5.1% over the medium term. The report highlights unreliable and costly domestic air and maritime transport as a major obstacle to economic integration and tourism diversification. Weak connectivity raises costs for businesses and households, limits domestic value chains, and concentrates economic activity in Sal and Boa Vista. These constraints also limit the economy’s ability to translate growth into broader job opportunities, particularly for young people, women, and workers in islands that remain weakly connected to tourism and other growth sectors. To address these constraints, the report recommends strengthening regulation, modernizing transport concession frameworks, and expanding opportunities for private sector participation in air and maritime services. These reforms would improve the reliability, affordability and predictability of inter-island transport, reducing costs for firms and households while enabling businesses to reach new markets across the archipelago. By strengthening links between tourism, agriculture, fisheries, logistics, and local services, better connectivity can help unlock more diversified private sector activity and support the creation of more, better, and more inclusive jobs, particularly for women and young people outside the main tourism centers. The report also highlights the importance of stronger SOE governance to reduce fiscal risks, improve service delivery and create an enabling environment for private investment and sustainable job creation.]]></desc>
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    <title>Madagascar to Boost Urban Resilience and Jobs in Antananarivo and Toamasina</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/07/06/madagascar-to-boost-urban-resilience-and-jobs-in-antananarivo-and-toamasina</url>
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    <wn_title>Madagascar to Boost Urban Resilience and Jobs in Antananarivo and Toamasina</wn_title>
    <wn_desc> WASHINGTON, July 6th, 2026 — The World Bank Group has approved US$225 million in financing for the Integrated Urban Development and Resilience Project for Jobs (PRODUIRE2) to strengthen climate resilience, improve infrastructure, and create more and better jobs in Greater Antananarivo and Greater Toamasina. Madagascar’s rapidly growing cities face mounting challenges. In early 2026, cyclones Fytia and Gezani caused damages estimated at the equivalent to 3.4 percent of the country’s GDP. In Greater Antananarivo, extreme urban poverty has more than doubled over the past decade, despite the capital generating close to 44 percent of GDP. Recurrent flooding, inadequate infrastructure, and insecure land tenure deter private investment, limit economic opportunities, and keep the city's most vulnerable residents locked in poverty. Building on the World Bank-supported urban resilience program in Antananarivo, PRODUIRE2 will deepen investments in flood protection, drainage, solid waste management, neighborhood upgrading, and land administration in Greater Antananarivo. In Greater Toamasina, where cyclone Gezani damaged 70 percent of the housing stock, the project will focus on rebuilding resilient housing and rehabilitating critical public infrastructure such as schools and health facilities. By 2032, the project aims to bring climate-resilient infrastructure to 1.5 million people, reconstruct 20,000 homes to resilient standards, issue land documentation for 50,000 parcels, and generate approximately 17,000 jobs — laying the groundwork for sustained private investment, jobs, and economic growth. “When cities work better, people live better. With the support of this new World Bank Group-financed project, families will benefit from safer neighborhoods, better infrastructure, improved access to land services, and greater economic opportunities. This investment will help create jobs, support local businesses, and give more people the chance to build a brighter future for their families,” said Dr Herinjatovo Ramiarison, Minister of Economy and Finance of Madagascar. “ The project will also address insecure land tenure – nearly half of the land in Antanarivo lacks formal titles, a key barrier to urban development and investment. PRODUIRE2 will support land regularization and digital land services to help residents obtain legally recognized documentation and streamline transactions. At least 40 percent of new land documents issued will include women as sole or joint rights holders. “Cyclone Gezani damaged nearly 70 percent of homes in Toamasina and disrupted the lives of thousands of families. Through PRODUIRE2, families will be supported to rebuild stronger homes, while critical public infrastructure and services will be restored and strengthened. The University of Barikadimy, which suffered extensive damage, will be fully rebuilt to higher standards so it can continue serving students for generations to come. In Greater Antananarivo, investments in flood protection, drainage infrastructure, including the Canal C3 ter and Canal C3 bis, solid waste management, and land administration will help reduce flooding and give families greater peace of mind during the rainy season. At its heart, this project is about helping people live more safely, creating better economic opportunities, and enabling families to focus on what matters most: their children’s future, their work, and their well-being.”, said Atou Seck, World Bank Group Country Manager for Madagascar. PRODUIRE2 reflects a long-term partnership between the Government of Madagascar and the World Bank Group It will support Antananarivo and Toamasina to become more resilient, inclusive, and dynamic engines of growth. PRODUIRE2 is supported by the Global Facility for Disaster Reduction and Recovery (GFDRR) and by the Quality Infrastructure Investment (QII) Partnership financed by the Government of Japan, which provide technical and analytical assistance to strengthen Madagascar's framework for disaster risk management, urban resilience, and infrastructure quality.Contacts In Madagascar: Dia Styvanley, +261 34 78 254 44, dstyvanley@worldbank.org In Washington: Daniella van Leggelo-Padilla, +1 (202) 473-4989, dvanleggelo@worldbank.org</wn_desc>
    <master_recent_date>2026-07-06T11:40:42Z</master_recent_date>
    <short_description>See how a new US$225 million World Bank Group project will help 1.5 million people with safer housing, flood protection, and jobs in Madagascar.</short_description>
    <desc> WASHINGTON, July 6th, 2026 — The World Bank Group has approved US$225 million in financing for the Integrated Urban Development and Resilience Project for Jobs (PRODUIRE2) to strengthen climate resilience, improve infrastructure, and create more and better jobs in Greater Antananarivo and Greater Toamasina. Madagascar’s rapidly growing cities face mounting challenges. In early 2026, cyclones Fytia and Gezani caused damages estimated at the equivalent to 3.4 percent of the country’s GDP. In Greater Antananarivo, extreme urban poverty has more than doubled over the past decade, despite the capital generating close to 44 percent of GDP. Recurrent flooding, inadequate infrastructure, and insecure land tenure deter private investment, limit economic opportunities, and keep the city's most vulnerable residents locked in poverty. Building on the World Bank-supported urban resilience program in Antananarivo, PRODUIRE2 will deepen investments in flood protection, drainage, solid waste management, neighborhood upgrading, and land administration in Greater Antananarivo. In Greater Toamasina, where cyclone Gezani damaged 70 percent of the housing stock, the project will focus on rebuilding resilient housing and rehabilitating critical public infrastructure such as schools and health facilities. By 2032, the project aims to bring climate-resilient infrastructure to 1.5 million people, reconstruct 20,000 homes to resilient standards, issue land documentation for 50,000 parcels, and generate approximately 17,000 jobs — laying the groundwork for sustained private investment, jobs, and economic growth. “When cities work better, people live better. With the support of this new World Bank Group-financed project, families will benefit from safer neighborhoods, better infrastructure, improved access to land services, and greater economic opportunities. This investment will help create jobs, support local businesses, and give more people the chance to build a brighter future for their families,” said Dr Herinjatovo Ramiarison, Minister of Economy and Finance of Madagascar. “ The project will also address insecure land tenure – nearly half of the land in Antanarivo lacks formal titles, a key barrier to urban development and investment. PRODUIRE2 will support land regularization and digital land services to help residents obtain legally recognized documentation and streamline transactions. At least 40 percent of new land documents issued will include women as sole or joint rights holders. “Cyclone Gezani damaged nearly 70 percent of homes in Toamasina and disrupted the lives of thousands of families. Through PRODUIRE2, families will be supported to rebuild stronger homes, while critical public infrastructure and services will be restored and strengthened. The University of Barikadimy, which suffered extensive damage, will be fully rebuilt to higher standards so it can continue serving students for generations to come. In Greater Antananarivo, investments in flood protection, drainage infrastructure, including the Canal C3 ter and Canal C3 bis, solid waste management, and land administration will help reduce flooding and give families greater peace of mind during the rainy season. At its heart, this project is about helping people live more safely, creating better economic opportunities, and enabling families to focus on what matters most: their children’s future, their work, and their well-being.”, said Atou Seck, World Bank Group Country Manager for Madagascar. PRODUIRE2 reflects a long-term partnership between the Government of Madagascar and the World Bank Group It will support Antananarivo and Toamasina to become more resilient, inclusive, and dynamic engines of growth. PRODUIRE2 is supported by the Global Facility for Disaster Reduction and Recovery (GFDRR) and by the Quality Infrastructure Investment (QII) Partnership financed by the Government of Japan, which provide technical and analytical assistance to strengthen Madagascar's framework for disaster risk management, urban resilience, and infrastructure quality.Contacts In Madagascar: Dia Styvanley, +261 34 78 254 44, dstyvanley@worldbank.org In Washington: Daniella van Leggelo-Padilla, +1 (202) 473-4989, dvanleggelo@worldbank.org</desc>
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    <title>Central African Republic: Reforming public finances to support growth</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/07/02/central-african-republic-reforming-public-finances-to-support-growth</url>
    <lang>English</lang>
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    <wn_title>Central African Republic: Reforming public finances to support growth</wn_title>
    <wn_desc><![CDATA[ BANGUI, July 2, 2026&nbsp;- A new World Bank report released today calls for urgent structural reforms in the public finance sector and the mobilization of domestic resources in the Central African Republic (CAR) to consolidate macroeconomic stability and support human development, boost growth, and create the conditions for job creation. Entitled "Strengthening the Transparency, Sustainability and Efficiency of the Public Sector", the CAR Public Finance Review highlights that, despite a window of opportunity opened by the relative improvement in security and recent progress in public finance reform, the country still faces deep structural fragilities that limit its ability to finance its development. Domestic revenue mobilization remains below 10% of GDP, while the wage bill absorbs up to 73% of public resources, severely limiting the state's investment capacity. These constraints are compounded by a persistent dependence on external aid, as well as insufficient investment in key sectors of human capital, including education and health. "By strengthening domestic revenue mobilization and public financial management, CAR can generate the fiscal space needed to invest in its human capital, public services, and lay the foundation for inclusive and sustainable growth," said Cheick Fantamady Kante, World Bank Country Director for Cameroon, Congo, Gabon, the Central African Republic and Equatorial Guinea. The report identifies significant potential for resource mobilization, particularly in the forestry and mining sectors, as well as through the modernization of tax administration and the strengthening of transparency in public governance. It formulates a reform agenda structured around five key priorities:Strengthen domestic revenue mobilization, including through broadening the tax base and digitizing the administration;Improve cash and debt management to restore fiscal discipline;Increase transparency and accountability, including through reforms of public procurement and public enterprises;Redirect spending towards priority social sectors;Strengthen international assistance coordination. The report concludes that, through better domestic resource mobilization and more effective management of public spending, CAR can gradually reduce its dependence on external aid, finance its development priorities, and create an environment conducive to private sector growth and job creation.]]></wn_desc>
    <master_recent_date>2026-07-02T14:16:30Z</master_recent_date>
    <short_description>A new World Bank report released today calls for urgent structural reforms in the public finance sector and the mobilization of domestic resources in the Central African Republic (CAR) to consolidate macroeconomic stability and support human development, boost growth, and create the conditions for job creation.</short_description>
    <desc><![CDATA[ BANGUI, July 2, 2026&nbsp;- A new World Bank report released today calls for urgent structural reforms in the public finance sector and the mobilization of domestic resources in the Central African Republic (CAR) to consolidate macroeconomic stability and support human development, boost growth, and create the conditions for job creation. Entitled "Strengthening the Transparency, Sustainability and Efficiency of the Public Sector", the CAR Public Finance Review highlights that, despite a window of opportunity opened by the relative improvement in security and recent progress in public finance reform, the country still faces deep structural fragilities that limit its ability to finance its development. Domestic revenue mobilization remains below 10% of GDP, while the wage bill absorbs up to 73% of public resources, severely limiting the state's investment capacity. These constraints are compounded by a persistent dependence on external aid, as well as insufficient investment in key sectors of human capital, including education and health. "By strengthening domestic revenue mobilization and public financial management, CAR can generate the fiscal space needed to invest in its human capital, public services, and lay the foundation for inclusive and sustainable growth," said Cheick Fantamady Kante, World Bank Country Director for Cameroon, Congo, Gabon, the Central African Republic and Equatorial Guinea. The report identifies significant potential for resource mobilization, particularly in the forestry and mining sectors, as well as through the modernization of tax administration and the strengthening of transparency in public governance. It formulates a reform agenda structured around five key priorities:Strengthen domestic revenue mobilization, including through broadening the tax base and digitizing the administration;Improve cash and debt management to restore fiscal discipline;Increase transparency and accountability, including through reforms of public procurement and public enterprises;Redirect spending towards priority social sectors;Strengthen international assistance coordination. The report concludes that, through better domestic resource mobilization and more effective management of public spending, CAR can gradually reduce its dependence on external aid, finance its development priorities, and create an environment conducive to private sector growth and job creation.]]></desc>
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    <title>World Bank Group Appoints Nicola Pontara as Division Director for Burkina Faso, Chad, Mali and Niger</title>
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    <wn_title>World Bank Group Appoints Nicola Pontara as Division Director for Burkina Faso, Chad, Mali and Niger</wn_title>
    <wn_desc><![CDATA[ BAMAKO, July 1, 2026 -&nbsp;The World Bank Group has announced the appointment of Nicola Pontara as Division Director for the Sahel countries – Burkina Faso, Mali, Niger, and Chad. In his new role, Mr. Pontara will lead the strategic dialogue with the World Bank's key partners and ensure the coordination of its engagement in the four Sahel countries. Its action will focus on promoting jobs through strategic investments in infrastructure, energy, agriculture, digital connectivity and human capital, to support inclusive and sustainable growth. “It is with pride and a deep sense of responsibility that I will serve the Sahel, a region where I started my career," said Nicola Pontara, Division Director for Burkina Faso, Chad, Mali and Niger. "Within the World Bank Group, I look forward to working closely with governments, technical and financial partners, the private sector, and civil society to support the region's development priorities. Together, through the new Country Partnership Frameworks (CPFs), we will support sustainable economic recovery, job creation, and climate resilience.” An economist by training, Mr. Pontara joined the World Bank in 2000 through the Young Professional program. He has extensive experience leading programs and teams in Sub-Saharan Africa, Latin America, East Asia and the Pacific, and Europe and Central Asia, while leading strategic dialogue with governments and partners. An Italian national, he specializes in fragile contexts and has worked to develop policies adapted to conflict-affected countries. He also helped establish the Center for Conflict, Security and Development in Nairobi, led the World Bank office in Juba, South Sudan, and held country manager positions in La Paz, Vientiane, and Belgrade. He holds a Ph.D. from the School of Oriental and African Studies (SOAS) and authors regularly on poverty, natural resources, and European integration. Mr. Pontara will be based in Bamako, Mali, where he will lead the World Bank Group's strategic engagement and country partnership frameworks across a portfolio of nearly $15 billion across the four countries. Contacts:In Bamako, Edmond Dingamhoudou, +223 91 32 77 81, edingamhoudou@worldbank.orgIn Ouagadougou, Lionel Yaro, +226 74 91 45 30, lyaro@worldbank.orgIn Niamey, Mouslim Sidi Mohamed, +227 97 81 48 86, msidimohamed@worldbank.orgIn N'Djamena, Madjiasra Nako, +235 66 29 79 54, nmadjiasra@worldbankgroup.org]]></wn_desc>
    <master_recent_date>2026-07-01T15:06:00Z</master_recent_date>
    <short_description>The World Bank Group has announced the appointment of Nicola Pontara as Division Director for the Sahel countries – Burkina Faso, Mali, Niger, and Chad.</short_description>
    <desc><![CDATA[ BAMAKO, July 1, 2026 -&nbsp;The World Bank Group has announced the appointment of Nicola Pontara as Division Director for the Sahel countries – Burkina Faso, Mali, Niger, and Chad. In his new role, Mr. Pontara will lead the strategic dialogue with the World Bank's key partners and ensure the coordination of its engagement in the four Sahel countries. Its action will focus on promoting jobs through strategic investments in infrastructure, energy, agriculture, digital connectivity and human capital, to support inclusive and sustainable growth. “It is with pride and a deep sense of responsibility that I will serve the Sahel, a region where I started my career," said Nicola Pontara, Division Director for Burkina Faso, Chad, Mali and Niger. "Within the World Bank Group, I look forward to working closely with governments, technical and financial partners, the private sector, and civil society to support the region's development priorities. Together, through the new Country Partnership Frameworks (CPFs), we will support sustainable economic recovery, job creation, and climate resilience.” An economist by training, Mr. Pontara joined the World Bank in 2000 through the Young Professional program. He has extensive experience leading programs and teams in Sub-Saharan Africa, Latin America, East Asia and the Pacific, and Europe and Central Asia, while leading strategic dialogue with governments and partners. An Italian national, he specializes in fragile contexts and has worked to develop policies adapted to conflict-affected countries. He also helped establish the Center for Conflict, Security and Development in Nairobi, led the World Bank office in Juba, South Sudan, and held country manager positions in La Paz, Vientiane, and Belgrade. He holds a Ph.D. from the School of Oriental and African Studies (SOAS) and authors regularly on poverty, natural resources, and European integration. Mr. Pontara will be based in Bamako, Mali, where he will lead the World Bank Group's strategic engagement and country partnership frameworks across a portfolio of nearly $15 billion across the four countries. Contacts:In Bamako, Edmond Dingamhoudou, +223 91 32 77 81, edingamhoudou@worldbank.orgIn Ouagadougou, Lionel Yaro, +226 74 91 45 30, lyaro@worldbank.orgIn Niamey, Mouslim Sidi Mohamed, +227 97 81 48 86, msidimohamed@worldbank.orgIn N'Djamena, Madjiasra Nako, +235 66 29 79 54, nmadjiasra@worldbankgroup.org]]></desc>
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    <title>No Longer Invisible: Unlocking Legal Identity for Millions in Madagascar</title>
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    <url>http://www.worldbank.org/en/news/feature/2026/07/01/no-longer-invisible-unlocking-legal-identity-for-millions-in-madagascar</url>
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    <wn_title>No Longer Invisible: Unlocking Legal Identity for Millions in Madagascar</wn_title>
    <wn_desc> Mr. Francois Rakotondramanana, 37, mends shoes on the streets of Andoharanofotsy, on the outskirts of Antananarivo. A father of eleven, he has never held a formal job. “I hope to find more stable work as a security guard. But without a national identity card, nobody hires me. And without a birth certificate, I cannot obtain one,” he says. In Madagascar, François’s story is not unique. An estimated six million adults, around 40% of the population, do not have a birth certificate. For many, this means exclusion from jobs, barriers to opening a bank account, and limited access to basic services. In theory, registering a birth in one of Madagascar’s 1,700 communes is relatively straightforward, if it is done within thirty days. After that, the process becomes far more difficult. Late registration requires appearing before a judge, presenting witnesses, and obtaining a doctor’s attestation. For families living far from administrative centers and struggling with the costs of transport and paperwork, these requirements are often out of reach. For years, the Ministry of Justice, responsible for the judicial process, organized periodic field campaigns to encourage late birth registration. But the approach was costly and reached only a fraction of those affected. A problem of this scale required a different response: one combining legal reform, administrative coordination, and innovation. That response is now taking shape. On May 28, 2026, the Government of Madagascar passed a new law allowing births to be registered en masse “within the framework of the mass biometric enrollment operation.” The reform opens a pathway for adults who have long lived outside the civil registration system to obtain birth certificates without a costly and complex judicial process. The reform builds on an unprecedented national enrollment effort that is underway. Since April, more than 2,000 teams, led by Ministry of Interior staff and supported by the World Bank- and GFF-financed Digital Governance and Identification Management System Project (PRODIGY), have been deployed across the country with biometric kits. Operating 26 days a month, they are registering adults nationwide by collecting fingerprints, iris scans, and basic personal information, along with any existing documents.  As of June 10, more than 3.25 million adults were enrolled in the national database. A critical part of the effort lies at the community level. Across Madagascar, more than 19,000 fokontany chiefs, the heads of the country’s smallest administrative units, can help confirm the identity of people who have no formal documentation at all. Their signed testimony, combined with biometric data stored in a de-duplicated database, provides a trusted basis for issuing birth certificates at scale. For the first time, community verification, biometric technology, and legal reform are being brought together to address a problem that had long seemed impossible. François was enrolled in the biometric database on February 4, 2026, during the pilot phase, in the spacious marriage hall of the Andoharanofotsy commune. Welcoming people to enroll, at scale, without any prior document marks a significant shift. Some officials initially expressed concerns about the risk of identity fraud, while others remained attached to traditional procedures. The new law is a breakthrough, but its success depends on implementation. As of June 10, only about 50,000 of the 3.25 million people enrolled had never held any identity document. This is a small share of those who could benefit from the reform. Reaching the millions who have lived outside the system for years will require sustained communication, local mobilization, and continued deployment of mobile teams to remote communities. The reform also leaves an important challenge unresolved. While it creates a pathway for adults who were previously excluded, it does not remove the barriers that continue to prevent many newborns from being registered on time. Distance, cost, limited awareness, and the short registration window continue to hinder this aspect. Even though the PRODIGY Project strengthened capacity of hospitals and communes to digitally register births, further reforms will be needed to ensure that exclusion is not passed on to the next generation. Madagascar’s new approach marks an important step forward. It shows how evidence-based advocacy, political commitment, and practical innovation can work together to address a long-standing development challenge. “This reform shows that solving exclusion at scale requires more than technology. It requires political leadership, local institutions, and practical solutions that people can actually access,” shared Zubair Bhatti and Lira Rajenarison, World Bank Task Team Leaders of the PRODIGY Project.  Ms. Meme Zeria, 25, a farmer from Antetezamba commune in the Toamasina region, grew up without a birth certificate. She enrolled on May 23, 2026. For her, the process was simple enough to be possible. “The centre is only 15 kilometers away, and there is no fee,” she said. Her hopes extend beyond herself. “It will help me obtain documents for my three children. I also want to benefit from the advantages that people with a national identity card receive,” she said. She then added: “I want to be recognized by the state.”</wn_desc>
    <master_recent_date>2026-07-01T15:04:41Z</master_recent_date>
    <short_description>See how Madagascar’s 2026 reform could help millions gain legal identity, access services, and secure their rights.</short_description>
    <desc> Mr. Francois Rakotondramanana, 37, mends shoes on the streets of Andoharanofotsy, on the outskirts of Antananarivo. A father of eleven, he has never held a formal job. “I hope to find more stable work as a security guard. But without a national identity card, nobody hires me. And without a birth certificate, I cannot obtain one,” he says. In Madagascar, François’s story is not unique. An estimated six million adults, around 40% of the population, do not have a birth certificate. For many, this means exclusion from jobs, barriers to opening a bank account, and limited access to basic services. In theory, registering a birth in one of Madagascar’s 1,700 communes is relatively straightforward, if it is done within thirty days. After that, the process becomes far more difficult. Late registration requires appearing before a judge, presenting witnesses, and obtaining a doctor’s attestation. For families living far from administrative centers and struggling with the costs of transport and paperwork, these requirements are often out of reach. For years, the Ministry of Justice, responsible for the judicial process, organized periodic field campaigns to encourage late birth registration. But the approach was costly and reached only a fraction of those affected. A problem of this scale required a different response: one combining legal reform, administrative coordination, and innovation. That response is now taking shape. On May 28, 2026, the Government of Madagascar passed a new law allowing births to be registered en masse “within the framework of the mass biometric enrollment operation.” The reform opens a pathway for adults who have long lived outside the civil registration system to obtain birth certificates without a costly and complex judicial process. The reform builds on an unprecedented national enrollment effort that is underway. Since April, more than 2,000 teams, led by Ministry of Interior staff and supported by the World Bank- and GFF-financed Digital Governance and Identification Management System Project (PRODIGY), have been deployed across the country with biometric kits. Operating 26 days a month, they are registering adults nationwide by collecting fingerprints, iris scans, and basic personal information, along with any existing documents.  As of June 10, more than 3.25 million adults were enrolled in the national database. A critical part of the effort lies at the community level. Across Madagascar, more than 19,000 fokontany chiefs, the heads of the country’s smallest administrative units, can help confirm the identity of people who have no formal documentation at all. Their signed testimony, combined with biometric data stored in a de-duplicated database, provides a trusted basis for issuing birth certificates at scale. For the first time, community verification, biometric technology, and legal reform are being brought together to address a problem that had long seemed impossible. François was enrolled in the biometric database on February 4, 2026, during the pilot phase, in the spacious marriage hall of the Andoharanofotsy commune. Welcoming people to enroll, at scale, without any prior document marks a significant shift. Some officials initially expressed concerns about the risk of identity fraud, while others remained attached to traditional procedures. The new law is a breakthrough, but its success depends on implementation. As of June 10, only about 50,000 of the 3.25 million people enrolled had never held any identity document. This is a small share of those who could benefit from the reform. Reaching the millions who have lived outside the system for years will require sustained communication, local mobilization, and continued deployment of mobile teams to remote communities. The reform also leaves an important challenge unresolved. While it creates a pathway for adults who were previously excluded, it does not remove the barriers that continue to prevent many newborns from being registered on time. Distance, cost, limited awareness, and the short registration window continue to hinder this aspect. Even though the PRODIGY Project strengthened capacity of hospitals and communes to digitally register births, further reforms will be needed to ensure that exclusion is not passed on to the next generation. Madagascar’s new approach marks an important step forward. It shows how evidence-based advocacy, political commitment, and practical innovation can work together to address a long-standing development challenge. “This reform shows that solving exclusion at scale requires more than technology. It requires political leadership, local institutions, and practical solutions that people can actually access,” shared Zubair Bhatti and Lira Rajenarison, World Bank Task Team Leaders of the PRODIGY Project.  Ms. Meme Zeria, 25, a farmer from Antetezamba commune in the Toamasina region, grew up without a birth certificate. She enrolled on May 23, 2026. For her, the process was simple enough to be possible. “The centre is only 15 kilometers away, and there is no fee,” she said. Her hopes extend beyond herself. “It will help me obtain documents for my three children. I also want to benefit from the advantages that people with a national identity card receive,” she said. She then added: “I want to be recognized by the state.”</desc>
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    <title>Burkina Faso: World Bank Calls for Economic Resilience to Become a Sustainable Drive of Jobs and Opportunity</title>
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    <wn_desc><![CDATA[ Ouagadougou, June 30, 2026 -&nbsp;Against a backdrop of persistent security challenges, Burkina Faso's economy showed resilience in 2025, with real GDP growth estimated at 5.3%, up from 4.8% in 2024. Real GDP per capita also increased from 2.5% to 3% over the same period. This momentum will only translate into tangible progress for the people if ambitious structural reforms are initiated now—particularly to generate productive jobs and expand economic opportunities for all Burkinabè. This is the central message of the June 2026 Burkina Faso Economic Update, published today by the World Bank. The improvement in growth was driven by several factors: the performance of the agricultural sector, supported by favorable weather conditions and by the Burkinabè Government's agropastoral and fisheries offensive ; the resilience of the services sector, owing to an improved security situation; the growth of the mining sector, which has largely benefited from the formalization of artisanal and semi-mechanized mining;&nbsp; as well as the entry into force of the new Mining Code. Inflation turned negative in 2025 (-0.5%, compared to 4.2% in 2024), thanks to lower energy prices and abundant agricultural production, which reduced food prices. Extreme poverty fell by 5 percentage points in 2025, the largest drop since the COVID19 pandemic. However, challenges remain, including informal employment and the vulnerability of populations affected by insecurity. About the economy, Hamoud Abdel Wedoud Kamil, World Bank Country Manager for Burkina Faso, stressed that “Burkina Faso has demonstrated remarkable macroeconomic resilience. Continued efforts to consolidate these achievements, by strengthening fiscal sustainability, improving the business environment, and increasing investment in growth engines Inclusive and productive activities could help sustain this momentum.” The World Bank is prioritizing economic recovery for people in a sustainable way: The fiscal turnaround—the deficit narrowed from 5.8% of GDP in 2024 to 1.8% in 2025—is a major achievement. To unlock margins for productive investment and employment, the report recommends widespread use of electronic payments to businesses, interconnection tax bases, and strengthened financial management of investments. In the medium term, it recommends simplifying tax compliance, especially for microenterprises, strengthening local taxation through digital land records, and better managing risks related to the volatility of gold and oil prices. With a young population and rapid urbanization, Burkina Faso faces a growing demand for jobs in its urban centers. The report recommends investing in urban planning and creating serviced industrial zones to absorb informality, deploying labor-intensive public works programs, and developing digital intermediation platforms to facilitate the integration of young people into the labor market. These measures are even more urgent as the country is hosting a growing number of internally displaced people whose economic reintegration is an issue for social stability. Finally, the report's special chapter on women's economic participation shows that closing gender gaps is not only an equity imperative, but also a major lever for economic growth, and less costly to pursue. Indeed, despite progress in girls' enrollment, women still face significant barriers in their economic participation, and their employment rate remains lower than that of men (63.4 percent compared to 76 percent). They are more concentrated in informal and vulnerable jobs and have limited access to land, finance, agricultural inputs, and quality jobs. The report outlines a set of recommendations aimed at addressing structural constraints to women's economic participation. These include expanding women and girls' access to education as well as technical and vocational training, improving access to financial services and productive inputs, strengthening land rights, as well as implementing policies to alleviate constraints related to social norms and gender inequalities.]]></wn_desc>
    <master_recent_date>2026-06-30T16:21:51Z</master_recent_date>
    <short_description>Against a backdrop of persistent security challenges, Burkina Faso's economy showed resilience in 2025, with real GDP growth estimated at 5.3%, up from 4.8% in 2024. Real GDP per capita also increased from 2.5% to 3% over the same period. This momentum will only translate into tangible progress for the people if ambitious structural reforms are initiated now—particularly to generate productive jobs and expand economic opportunities for all Burkinabè. This is the central message of the June 2026 Burkina Faso Economic Update, published today by the World Bank.</short_description>
    <desc><![CDATA[ Ouagadougou, June 30, 2026 -&nbsp;Against a backdrop of persistent security challenges, Burkina Faso's economy showed resilience in 2025, with real GDP growth estimated at 5.3%, up from 4.8% in 2024. Real GDP per capita also increased from 2.5% to 3% over the same period. This momentum will only translate into tangible progress for the people if ambitious structural reforms are initiated now—particularly to generate productive jobs and expand economic opportunities for all Burkinabè. This is the central message of the June 2026 Burkina Faso Economic Update, published today by the World Bank. The improvement in growth was driven by several factors: the performance of the agricultural sector, supported by favorable weather conditions and by the Burkinabè Government's agropastoral and fisheries offensive ; the resilience of the services sector, owing to an improved security situation; the growth of the mining sector, which has largely benefited from the formalization of artisanal and semi-mechanized mining;&nbsp; as well as the entry into force of the new Mining Code. Inflation turned negative in 2025 (-0.5%, compared to 4.2% in 2024), thanks to lower energy prices and abundant agricultural production, which reduced food prices. Extreme poverty fell by 5 percentage points in 2025, the largest drop since the COVID19 pandemic. However, challenges remain, including informal employment and the vulnerability of populations affected by insecurity. About the economy, Hamoud Abdel Wedoud Kamil, World Bank Country Manager for Burkina Faso, stressed that “Burkina Faso has demonstrated remarkable macroeconomic resilience. Continued efforts to consolidate these achievements, by strengthening fiscal sustainability, improving the business environment, and increasing investment in growth engines Inclusive and productive activities could help sustain this momentum.” The World Bank is prioritizing economic recovery for people in a sustainable way: The fiscal turnaround—the deficit narrowed from 5.8% of GDP in 2024 to 1.8% in 2025—is a major achievement. To unlock margins for productive investment and employment, the report recommends widespread use of electronic payments to businesses, interconnection tax bases, and strengthened financial management of investments. In the medium term, it recommends simplifying tax compliance, especially for microenterprises, strengthening local taxation through digital land records, and better managing risks related to the volatility of gold and oil prices. With a young population and rapid urbanization, Burkina Faso faces a growing demand for jobs in its urban centers. The report recommends investing in urban planning and creating serviced industrial zones to absorb informality, deploying labor-intensive public works programs, and developing digital intermediation platforms to facilitate the integration of young people into the labor market. These measures are even more urgent as the country is hosting a growing number of internally displaced people whose economic reintegration is an issue for social stability. Finally, the report's special chapter on women's economic participation shows that closing gender gaps is not only an equity imperative, but also a major lever for economic growth, and less costly to pursue. Indeed, despite progress in girls' enrollment, women still face significant barriers in their economic participation, and their employment rate remains lower than that of men (63.4 percent compared to 76 percent). They are more concentrated in informal and vulnerable jobs and have limited access to land, finance, agricultural inputs, and quality jobs. The report outlines a set of recommendations aimed at addressing structural constraints to women's economic participation. These include expanding women and girls' access to education as well as technical and vocational training, improving access to financial services and productive inputs, strengthening land rights, as well as implementing policies to alleviate constraints related to social norms and gender inequalities.]]></desc>
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    <url>http://www.worldbank.org/en/news/immersive-story/2026/06/29/western-central-africa-fit-to-prosper</url>
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    <master_recent_date>2026-06-29T23:10:00Z</master_recent_date>
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    <title>World Bank Scales Up Support to Boost Jobs and Resilience in Northern Gulf of Guinea</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/06/25/world-bank-scales-up-support-to-boost-jobs-and-resilience-in-northern-gulf-of-guinea</url>
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    <wn_title>World Bank Scales Up Support to Boost Jobs and Resilience in Northern Gulf of Guinea</wn_title>
    <wn_desc><![CDATA[$163 million new financing will expand the COSO project to reach 1.9 million more people, strengthen social cohesion, and create over 50,000 jobs in fragile border areas of Benin, Côte d’Ivoire, and Togo. &nbsp; WASHINGTON, June 25, 2026&nbsp;- The World Bank Group today approved a $163 million in additional financing to expand the Gulf of Guinea Northern Regions Social Cohesion (COSO) Project in Benin, Côte d’Ivoire, and Togo, strengthening resilience and boosting job creation for vulnerable communities affected by conflict, climate change, and displacement. The new financing will help scale up community-driven investments in some of the region’s most fragile border areas, where limited economic opportunities, high poverty, climate shocks, and spillovers from Sahel insecurity are putting livelihoods and social cohesion under increasing strain. Across northern Benin, Côte d’Ivoire, and Togo, communities face a complex mix of insecurity, limited access to basic services, and scarce economic opportunities, particularly for young people. The COSO project addresses these challenges through direct community investments, infrastructure development, livelihood support, and strengthened inclusion. With this additional financing, COSO will reach 1.9 million more people, support over 2,200 community subprojects, create around 52,000 direct jobs—especially for youth and women—and open new opportunities for more than 600 local firms, helping to strengthen local economies. “At the heart of this project is jobs, especially for young people,” said Trina Haque, World Bank Regional Practice Director for People in Western and Central Africa. “By investing in local infrastructure, small businesses, and community-driven solutions, COSO is creating real economic opportunities while strengthening stability and social cohesion.” Northern Gulf of Guinea countries are increasingly exposed to cross-border insecurity, climate shocks, and growing inflows of refugees, placing pressure on already fragile communities. COSO is designed as a regional platform, bringing together countries to address shared risks and opportunities. It combines community-driven development, regional dialogue, and climate-resilient investments to tackle the drivers of fragility at their root. “The challenges facing border regions do not stop at national frontiers,” said Nathan Belete, World Bank Director for Africa Regional Programs. “By strengthening cross-border collaboration and investing in communities on both sides of borders, COSO is helping build a more stable, resilient, and integrated region. Through expanded access to essential services, job creation, and stronger local institutions, it is transforming vulnerable border areas into engines of inclusive growth and lasting stability.” Since its launch in 2022, COSO has delivered strong results across Benin, Côte d’Ivoire, and Togo, improving access to services for more than 3.7 million people, and creating over 82,000 jobs for youth and women. In Benin, 595 community subprojects have been completed, benefiting over 679,000 people, including refugees and host communities. In Côte d’Ivoire, the project has delivered 917 infrastructure investments reaching nearly 700,000 beneficiaries, while in Togo, 1,461 subprojects have improved access to services for more than 500,000 people, including over 24,000 refugees. These investments –spanning water, education, health, agriculture and local markets— have strengthened livelihoods, stimulated local economies, and helped rebuild trust within communities, with over 90 percent of beneficiaries reporting positive impacts on social cohesion.&nbsp;Contacts:In Abidjan: Nguessan Enoh Ndri, endri@worldbank.orgIn Cotonou: Yao Gnona Afangbedji, yafangbedji@worldbank.orgIn Lome: Mawulikplimi Affognon, maffognon@worldbankgroup.org]]></wn_desc>
    <master_recent_date>2026-06-25T17:28:00Z</master_recent_date>
    <short_description>The World Bank Group today approved a $163 million in additional financing to expand the Gulf of Guinea Northern Regions Social Cohesion (COSO) Project in Benin, Côte d’Ivoire, and Togo, strengthening resilience and boosting job creation for vulnerable communities affected by conflict, climate change, and displacement. The new financing will help scale up community-driven investments in some of the region’s most fragile border areas, where limited economic opportunities, high poverty, climate shocks, and spillovers from Sahel insecurity are putting livelihoods and social cohesion under increasing strain.</short_description>
    <desc><![CDATA[$163 million new financing will expand the COSO project to reach 1.9 million more people, strengthen social cohesion, and create over 50,000 jobs in fragile border areas of Benin, Côte d’Ivoire, and Togo. &nbsp; WASHINGTON, June 25, 2026&nbsp;- The World Bank Group today approved a $163 million in additional financing to expand the Gulf of Guinea Northern Regions Social Cohesion (COSO) Project in Benin, Côte d’Ivoire, and Togo, strengthening resilience and boosting job creation for vulnerable communities affected by conflict, climate change, and displacement. The new financing will help scale up community-driven investments in some of the region’s most fragile border areas, where limited economic opportunities, high poverty, climate shocks, and spillovers from Sahel insecurity are putting livelihoods and social cohesion under increasing strain. Across northern Benin, Côte d’Ivoire, and Togo, communities face a complex mix of insecurity, limited access to basic services, and scarce economic opportunities, particularly for young people. The COSO project addresses these challenges through direct community investments, infrastructure development, livelihood support, and strengthened inclusion. With this additional financing, COSO will reach 1.9 million more people, support over 2,200 community subprojects, create around 52,000 direct jobs—especially for youth and women—and open new opportunities for more than 600 local firms, helping to strengthen local economies. “At the heart of this project is jobs, especially for young people,” said Trina Haque, World Bank Regional Practice Director for People in Western and Central Africa. “By investing in local infrastructure, small businesses, and community-driven solutions, COSO is creating real economic opportunities while strengthening stability and social cohesion.” Northern Gulf of Guinea countries are increasingly exposed to cross-border insecurity, climate shocks, and growing inflows of refugees, placing pressure on already fragile communities. COSO is designed as a regional platform, bringing together countries to address shared risks and opportunities. It combines community-driven development, regional dialogue, and climate-resilient investments to tackle the drivers of fragility at their root. “The challenges facing border regions do not stop at national frontiers,” said Nathan Belete, World Bank Director for Africa Regional Programs. “By strengthening cross-border collaboration and investing in communities on both sides of borders, COSO is helping build a more stable, resilient, and integrated region. Through expanded access to essential services, job creation, and stronger local institutions, it is transforming vulnerable border areas into engines of inclusive growth and lasting stability.” Since its launch in 2022, COSO has delivered strong results across Benin, Côte d’Ivoire, and Togo, improving access to services for more than 3.7 million people, and creating over 82,000 jobs for youth and women. In Benin, 595 community subprojects have been completed, benefiting over 679,000 people, including refugees and host communities. In Côte d’Ivoire, the project has delivered 917 infrastructure investments reaching nearly 700,000 beneficiaries, while in Togo, 1,461 subprojects have improved access to services for more than 500,000 people, including over 24,000 refugees. These investments –spanning water, education, health, agriculture and local markets— have strengthened livelihoods, stimulated local economies, and helped rebuild trust within communities, with over 90 percent of beneficiaries reporting positive impacts on social cohesion.&nbsp;Contacts:In Abidjan: Nguessan Enoh Ndri, endri@worldbank.orgIn Cotonou: Yao Gnona Afangbedji, yafangbedji@worldbank.orgIn Lome: Mawulikplimi Affognon, maffognon@worldbankgroup.org]]></desc>
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    <title>Connected Farmers, Better Harvests: How Cameroon’s Agritech Innovators Are Transforming Agriculture</title>
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    <wn_desc> In Cameroon, where agriculture employs nearly 60% of the population, farmers have long faced limited access to markets, information, and modern tools. Today, a digital revolution is reshaping the sector — driven by a new generation of innovators and a World Bank-supported initiative accelerating change across the agricultural landscape. The Acceleration of the Digital Transformation of Cameroon Project (PATNUC) aims to expand digital inclusion while increasing the use of digital agricultural solutions. By investing in connectivity, digital literacy, and data systems, the project is helping farmers overcome structural barriers that have long constrained productivity and market access. Beyond infrastructure, PATNUC delivers tangible support to farmers. Through an e-voucher system, 35,000 smallholders access improved inputs such as seeds and fertilizers, while digital tools provide real-time insights into soil health and farming conditions. The result is stronger productivity and resilience, with projected yield increases of up to 100% for key crops. Central to this transformation is a flagship initiative: the Agritech Innovation Challenge.</wn_desc>
    <master_recent_date>2026-06-25T10:35:00Z</master_recent_date>
    <short_description>Cameroon is using digital innovation to transform agriculture, helping farmers gain better access to markets, information, inputs, and modern tools through the World Bank-supported PATNUC project.</short_description>
    <desc> In Cameroon, where agriculture employs nearly 60% of the population, farmers have long faced limited access to markets, information, and modern tools. Today, a digital revolution is reshaping the sector — driven by a new generation of innovators and a World Bank-supported initiative accelerating change across the agricultural landscape. The Acceleration of the Digital Transformation of Cameroon Project (PATNUC) aims to expand digital inclusion while increasing the use of digital agricultural solutions. By investing in connectivity, digital literacy, and data systems, the project is helping farmers overcome structural barriers that have long constrained productivity and market access. Beyond infrastructure, PATNUC delivers tangible support to farmers. Through an e-voucher system, 35,000 smallholders access improved inputs such as seeds and fertilizers, while digital tools provide real-time insights into soil health and farming conditions. The result is stronger productivity and resilience, with projected yield increases of up to 100% for key crops. Central to this transformation is a flagship initiative: the Agritech Innovation Challenge.</desc>
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    <wn_title>SIRA: New Regional Drive to Equip Youth with Skills and Jobs in Cabo Verde, Cote d’Ivoire and Guinea</wn_title>
    <wn_desc><![CDATA[$642 million program to reach 5.4 million young people with market-relevant skills, education, and job opportunities WASHINGTON, June 23, 2026&nbsp;- The World Bank Group Board of Executive Directors today approved the Skills for Innovation, Resilience, and Aspirations (SIRA) Program, a flagship regional initiative designed to strengthen education-to-employment pathways for youth across Western and Central Africa. SIRA supports the World Bank Group's Jobs Agenda, which places more and better jobs at the center of poverty reduction. The initiative strengthens skills systems while supporting foundational infrastructure, improved governance, and private investment in high-growth sectors such as energy, healthcare, agribusiness, manufacturing, and tourism. With the world’s youngest and fastest-growing population, Western and Central Africa faces a critical opportunity and urgency to equip its youth with the skills needed for productive work. Each year, six million young people enter the labor market, underscoring the need for stronger education systems, market-relevant skills, and clearer pathways from learning to employment. SIRA will address these challenges at scale by helping young people acquire job-relevant skills, connect them with employers, and access better employment opportunities. Backed by $642 million in Phase 1 financing, the program will initially support Cabo Verde, Côte d’Ivoire, and Guinea, reaching an estimated 5.4 million young people, particularly young women and out-of-school youth. It is designed as a scalable regional platform open to countries committed to strengthening the link between education, skills, and jobs. “SIRA marks a decisive shift in how countries address youth who are Not in Employment, Education, or Training—moving from fragmented efforts to a unified, scalable platform that connects skills to jobs and economic transformation,” said Ousmane Diagana, World Bank Group Vice President for Western and Central Africa. “By investing in young people at scale, this program will equip millions with market-relevant skills, expand access to quality jobs, and strengthen national and regional systems to deliver sustained growth, resilience, and opportunities.” In Cabo Verde, the Creating Opportunities and Reaching Results on Employment initiative through SIRA, will expand youth access to jobs, strengthen job-relevant skills, and improve the country’s skills ecosystem. The program will benefit youth aged 15–35 by enhancing learning outcomes, expanding certification and employment opportunities in growth sectors, and supporting at-risk groups, including out-of-school and vulnerable youth. “We welcome this operation, which will directly benefit an estimated 50,000 young women and men in Cabo Verde by expanding access to quality employment opportunities, boosting more productive self-employment, and enabling certification through labor market–relevant skills training,” said Djibrilla Adamou Issa, World Bank Group Division Director for Cabo Verde, The Gambia, Guinea-Bissau, Mauritania, and Senegal. In Côte d'Ivoire, SIRA will expand access to quality skills training and improve employment outcomes for more than 900,000 young people, supporting the National Development Plan (2026–2030). SIRA will strengthen pathways between vocational and tertiary education, deepen alignment with labor market demand, and position skills development as a tangible lever for industrial transformation and private sector growth. In Guinea, the program will strengthen education and skills systems while expanding access to jobs, supporting the skilling and economic diversification objectives under the Simandou Vision 2040. It will modernize secondary education, scale technical and vocational training in priority sectors—including agribusiness, energy, and digital—and expand entrepreneurship and job placement support. The program is expected to benefit around 2.7 million young Guineans. “SIRA is a game changer for skills and jobs in Côte d’Ivoire and Guinea,” said Marie-Chantal Uwanyiligira, World Bank Group Division Director for Benin, Côte d’Ivoire, Guinea, and Togo. “By fundamentally rebalancing education toward technical and vocational training and partnering closely with employers, SIRA is ensuring that young people acquire the skills the market demands—creating a stronger workforce, better jobs, and faster economic growth.” Contacts:In Cabo Verde: Marco Silva, mmedinasilva@worldbank.orgIn Cote d’Ivoire: Nguessan Enoh, endri@worldbank.orgIn Guinea: Zubah Beavogui, zbeavogui@worldbankgroup.org]]></wn_desc>
    <master_recent_date>2026-06-24T16:02:34Z</master_recent_date>
    <short_description>The World Bank Group Board of Executive Directors today approved the Skills for Innovation, Resilience, and Aspirations (SIRA) Program, a flagship regional initiative designed to strengthen education-to-employment pathways for youth across Western and Central Africa. SIRA supports the World Bank Group's Jobs Agenda, which places more and better jobs at the center of poverty reduction. The initiative strengthens skills systems while supporting foundational infrastructure, improved governance, and private investment in high-growth sectors such as energy, healthcare, agribusiness, manufacturing, and tourism.</short_description>
    <desc><![CDATA[$642 million program to reach 5.4 million young people with market-relevant skills, education, and job opportunities WASHINGTON, June 23, 2026&nbsp;- The World Bank Group Board of Executive Directors today approved the Skills for Innovation, Resilience, and Aspirations (SIRA) Program, a flagship regional initiative designed to strengthen education-to-employment pathways for youth across Western and Central Africa. SIRA supports the World Bank Group's Jobs Agenda, which places more and better jobs at the center of poverty reduction. The initiative strengthens skills systems while supporting foundational infrastructure, improved governance, and private investment in high-growth sectors such as energy, healthcare, agribusiness, manufacturing, and tourism. With the world’s youngest and fastest-growing population, Western and Central Africa faces a critical opportunity and urgency to equip its youth with the skills needed for productive work. Each year, six million young people enter the labor market, underscoring the need for stronger education systems, market-relevant skills, and clearer pathways from learning to employment. SIRA will address these challenges at scale by helping young people acquire job-relevant skills, connect them with employers, and access better employment opportunities. Backed by $642 million in Phase 1 financing, the program will initially support Cabo Verde, Côte d’Ivoire, and Guinea, reaching an estimated 5.4 million young people, particularly young women and out-of-school youth. It is designed as a scalable regional platform open to countries committed to strengthening the link between education, skills, and jobs. “SIRA marks a decisive shift in how countries address youth who are Not in Employment, Education, or Training—moving from fragmented efforts to a unified, scalable platform that connects skills to jobs and economic transformation,” said Ousmane Diagana, World Bank Group Vice President for Western and Central Africa. “By investing in young people at scale, this program will equip millions with market-relevant skills, expand access to quality jobs, and strengthen national and regional systems to deliver sustained growth, resilience, and opportunities.” In Cabo Verde, the Creating Opportunities and Reaching Results on Employment initiative through SIRA, will expand youth access to jobs, strengthen job-relevant skills, and improve the country’s skills ecosystem. The program will benefit youth aged 15–35 by enhancing learning outcomes, expanding certification and employment opportunities in growth sectors, and supporting at-risk groups, including out-of-school and vulnerable youth. “We welcome this operation, which will directly benefit an estimated 50,000 young women and men in Cabo Verde by expanding access to quality employment opportunities, boosting more productive self-employment, and enabling certification through labor market–relevant skills training,” said Djibrilla Adamou Issa, World Bank Group Division Director for Cabo Verde, The Gambia, Guinea-Bissau, Mauritania, and Senegal. In Côte d'Ivoire, SIRA will expand access to quality skills training and improve employment outcomes for more than 900,000 young people, supporting the National Development Plan (2026–2030). SIRA will strengthen pathways between vocational and tertiary education, deepen alignment with labor market demand, and position skills development as a tangible lever for industrial transformation and private sector growth. In Guinea, the program will strengthen education and skills systems while expanding access to jobs, supporting the skilling and economic diversification objectives under the Simandou Vision 2040. It will modernize secondary education, scale technical and vocational training in priority sectors—including agribusiness, energy, and digital—and expand entrepreneurship and job placement support. The program is expected to benefit around 2.7 million young Guineans. “SIRA is a game changer for skills and jobs in Côte d’Ivoire and Guinea,” said Marie-Chantal Uwanyiligira, World Bank Group Division Director for Benin, Côte d’Ivoire, Guinea, and Togo. “By fundamentally rebalancing education toward technical and vocational training and partnering closely with employers, SIRA is ensuring that young people acquire the skills the market demands—creating a stronger workforce, better jobs, and faster economic growth.” Contacts:In Cabo Verde: Marco Silva, mmedinasilva@worldbank.orgIn Cote d’Ivoire: Nguessan Enoh, endri@worldbank.orgIn Guinea: Zubah Beavogui, zbeavogui@worldbankgroup.org]]></desc>
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    <title>Guinea-Bissau 2026 Economic Update: Pathways for Unlocking Productivity-Led Private Sector Growth</title>
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    <url>http://www.worldbank.org/en/news/feature/2026/06/24/guinea-bissau-2026-economic-update-pathways-for-unlocking-productivity-led-private-sector-growth</url>
    <lang>English</lang>
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    <wn_title>Guinea-Bissau 2026 Economic Update: Pathways for Unlocking Productivity-Led Private Sector Growth</wn_title>
    <wn_desc><![CDATA[Strong growth, but fragile foundations Real GDP expanded by 5.8% in 2025, driven by a strong cashew harvest and farmgate prices that supported rural incomes and private consumption. Services and construction added support, reflecting spillovers from agriculture. Inflation fell sharply to 0.9% in 2025, offering temporary relief to households amid continued political uncertainty. Recent gains, however, remain narrowly based, with the economy still heavily concentrated in raw cashew exports. The fiscal deficit narrowed to 6.5% of GDP, above target, reflecting capital expenditure cuts and restrained spending. Tax revenue rose slightly but remained the lowest in WAEMU at 8.5% of GDP. Public debt declined to 75.6% of GDP, supported by stronger nominal growth and a prudent concessional borrowing strategy, but remains above the WAEMU ceiling. The external position improved modestly, as stronger export volumes and favorable terms of trade narrowed the current account deficit,&nbsp;though cashew continued to dominate exports. The financial sector&nbsp;remains&nbsp;fragile with non-performing loans rising above 22% in June 2025. These developments are examined in greater depth in the Guinea-Bissau Economic Update 2026, which explores the country’s macroeconomic recent development, outlook, and the structural reforms needed to unlock productivity-led growth.Outlook dims as politics and global pressures weigh The outlook has weakened in the wake of the November 2025 political developments and spillovers from the conflict in the Middle East, with growth projected to slow to 4.8% in 2026. The conflict impacts Guinea-Bissau through higher fuel and food import prices (each about 30% of imports) and rising freight costs that squeeze cashew export margins&nbsp;—estimated to shave 0.3 pp off 2026 growth, lift inflation by 2 pp, and widen the current account deficit by 1.6 pp. Short-term policy priorities should focus on protecting vulnerable households while safeguarding macro fiscal sustainability. Medium-term growth is expected to stabilize around 5%, assuming gradual political normalization. Extreme poverty is projected to decline to 37.8% in 2028, but remains highly sensitive to food and fuel price volatility, which disproportionately affects rural households. Risks are tilted to the downside: prolonged political instability could delay reforms and weaken donor engagement, while higher global food and energy prices could strain inflation, the external position, and public finances.]]></wn_desc>
    <master_recent_date>2026-06-24T13:12:00Z</master_recent_date>
    <short_description>Economic activity strengthened in 2025, but recent gains remain fragile and insufficient to secure sustained, inclusive growth amid heightened political uncertainty. Fiscal consolidation progressed, but vulnerabilities persist. The external position improved modestly in 2025, as stronger export volumes and favorable terms of trade developments narrowed the current account deficit.</short_description>
    <desc><![CDATA[Strong growth, but fragile foundations Real GDP expanded by 5.8% in 2025, driven by a strong cashew harvest and farmgate prices that supported rural incomes and private consumption. Services and construction added support, reflecting spillovers from agriculture. Inflation fell sharply to 0.9% in 2025, offering temporary relief to households amid continued political uncertainty. Recent gains, however, remain narrowly based, with the economy still heavily concentrated in raw cashew exports. The fiscal deficit narrowed to 6.5% of GDP, above target, reflecting capital expenditure cuts and restrained spending. Tax revenue rose slightly but remained the lowest in WAEMU at 8.5% of GDP. Public debt declined to 75.6% of GDP, supported by stronger nominal growth and a prudent concessional borrowing strategy, but remains above the WAEMU ceiling. The external position improved modestly, as stronger export volumes and favorable terms of trade narrowed the current account deficit,&nbsp;though cashew continued to dominate exports. The financial sector&nbsp;remains&nbsp;fragile with non-performing loans rising above 22% in June 2025. These developments are examined in greater depth in the Guinea-Bissau Economic Update 2026, which explores the country’s macroeconomic recent development, outlook, and the structural reforms needed to unlock productivity-led growth.Outlook dims as politics and global pressures weigh The outlook has weakened in the wake of the November 2025 political developments and spillovers from the conflict in the Middle East, with growth projected to slow to 4.8% in 2026. The conflict impacts Guinea-Bissau through higher fuel and food import prices (each about 30% of imports) and rising freight costs that squeeze cashew export margins&nbsp;—estimated to shave 0.3 pp off 2026 growth, lift inflation by 2 pp, and widen the current account deficit by 1.6 pp. Short-term policy priorities should focus on protecting vulnerable households while safeguarding macro fiscal sustainability. Medium-term growth is expected to stabilize around 5%, assuming gradual political normalization. Extreme poverty is projected to decline to 37.8% in 2028, but remains highly sensitive to food and fuel price volatility, which disproportionately affects rural households. Risks are tilted to the downside: prolonged political instability could delay reforms and weaken donor engagement, while higher global food and energy prices could strain inflation, the external position, and public finances.]]></desc>
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    <title>Expanding Electricity Access and Job Creation in Togo and The Gambia</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/06/24/expanding-electricity-access-and-job-creation-in-togo-and-the-gambia</url>
    <lang>English</lang>
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    <wn_title>Expanding Electricity Access and Job Creation in Togo and The Gambia</wn_title>
    <wn_desc><![CDATA[Tackling persistent electricity access gaps to drive jobs and economic opportunities WASHINGTON, June 24, 2026&nbsp;- The World Bank Group today approved a $160 million financing to help expand access to reliable, affordable, and clean electricity in Togo and The Gambia, while strengthening regional energy integration across West Africa. The Regional Access Increase and Sustainable Energy Project (RAISE), implemented with the Economic Community of West African States (ECOWAS), is part of the broader West Africa Regional Electricity Market Program (REMP). “This project tackles the core barriers to electricity access, i.e. affordability, limited infrastructure, and weak sector capacity, by combining network expansion with reforms and private sector mobilization,” said Franz Drees-Gross, World Bank Regional Director for Infrastructure. “It will not only connect people to power but will also strengthen the foundations for a more efficient and financially sustainable power sector.” Despite recent progress, West Africa remains one of the least electrified regions in the world, with access gaps continuing to constrain growth, service delivery, and private sector development. In Togo and The Gambia, high generation costs, limited infrastructure, and affordability challenges have slowed electrification, particularly in rural and peri-urban areas. The new project responds to these constraints by expanding and densifying distribution networks, lowering connection costs, and accelerating renewable energy development. It is expected to connect about 1 million people while unlocking new economic opportunities across both countries. By powering households, businesses, farms, and public services, RAISE will serve as a strong catalyst for job creation. Reliable electricity will enable the growth of small businesses, agro-processing, and digital services, while reducing reliance on costly diesel generation. Over time, the project will generate labor income gains equivalent to about 11,700 jobs annually, including 2,500 in The Gambia and 9,200 in Togo, through both direct and indirect economic effects. In the short term, construction and network expansion will create additional employment opportunities, while building local capacity in the energy sector. The project builds on decades of regional cooperation that have already delivered over 4,000 km of transmission lines interconnecting 14 West African countries, enabling cross-border electricity trade and more efficient use of energy resources. By further integrating national systems and scaling up renewable energy, it contributes to Mission 300’s ambition to connect 300 million people to electricity across Africa. “RAISE highlights the transformative role of electricity in driving inclusive development across the region,” said Nathan Belete, World Bank Director for Africa Regional Programs. “By leveraging regional coordination and shared infrastructure, RAISE demonstrates how cooperation across countries can accelerate electrification, reduce costs, and deliver larger benefits for economies and communities.” ]]></wn_desc>
    <master_recent_date>2026-06-24T12:04:00Z</master_recent_date>
    <short_description>The World Bank Group today approved a $160 million financing to help expand access to reliable, affordable, and clean electricity in Togo and The Gambia, while strengthening regional energy integration across West Africa. The Regional Access Increase and Sustainable Energy Project (RAISE), implemented with the Economic Community of West African States (ECOWAS), is part of the broader West Africa Regional Electricity Market Program (REMP).</short_description>
    <desc><![CDATA[Tackling persistent electricity access gaps to drive jobs and economic opportunities WASHINGTON, June 24, 2026&nbsp;- The World Bank Group today approved a $160 million financing to help expand access to reliable, affordable, and clean electricity in Togo and The Gambia, while strengthening regional energy integration across West Africa. The Regional Access Increase and Sustainable Energy Project (RAISE), implemented with the Economic Community of West African States (ECOWAS), is part of the broader West Africa Regional Electricity Market Program (REMP). “This project tackles the core barriers to electricity access, i.e. affordability, limited infrastructure, and weak sector capacity, by combining network expansion with reforms and private sector mobilization,” said Franz Drees-Gross, World Bank Regional Director for Infrastructure. “It will not only connect people to power but will also strengthen the foundations for a more efficient and financially sustainable power sector.” Despite recent progress, West Africa remains one of the least electrified regions in the world, with access gaps continuing to constrain growth, service delivery, and private sector development. In Togo and The Gambia, high generation costs, limited infrastructure, and affordability challenges have slowed electrification, particularly in rural and peri-urban areas. The new project responds to these constraints by expanding and densifying distribution networks, lowering connection costs, and accelerating renewable energy development. It is expected to connect about 1 million people while unlocking new economic opportunities across both countries. By powering households, businesses, farms, and public services, RAISE will serve as a strong catalyst for job creation. Reliable electricity will enable the growth of small businesses, agro-processing, and digital services, while reducing reliance on costly diesel generation. Over time, the project will generate labor income gains equivalent to about 11,700 jobs annually, including 2,500 in The Gambia and 9,200 in Togo, through both direct and indirect economic effects. In the short term, construction and network expansion will create additional employment opportunities, while building local capacity in the energy sector. The project builds on decades of regional cooperation that have already delivered over 4,000 km of transmission lines interconnecting 14 West African countries, enabling cross-border electricity trade and more efficient use of energy resources. By further integrating national systems and scaling up renewable energy, it contributes to Mission 300’s ambition to connect 300 million people to electricity across Africa. “RAISE highlights the transformative role of electricity in driving inclusive development across the region,” said Nathan Belete, World Bank Director for Africa Regional Programs. “By leveraging regional coordination and shared infrastructure, RAISE demonstrates how cooperation across countries can accelerate electrification, reduce costs, and deliver larger benefits for economies and communities.” ]]></desc>
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    <title>World Bank Group Report: Pathways for Unlocking Productivity-Led Private Sector Growth in Guinea-Bissau</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/06/24/world-bank-group-report-pathways-for-unlocking-productivity-led-private-sector-growth-in-guinea-bissau</url>
    <lang>English</lang>
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    <wn_title>World Bank Group Report: Pathways for Unlocking Productivity-Led Private Sector Growth in Guinea-Bissau</wn_title>
    <wn_desc><![CDATA[ BISSAU, JUNE 24, 2026 -&nbsp;Guinea-Bissau’s economy demonstrated notable resilience in 2025, according to the World Bank Group's Guinea-Bissau Economic Update (Spring 2026), released today. Real GDP expanded 5.8% in 2025, buoyed by a strong cashew harvest and farmgate prices that supported rural incomes and private consumption. Yet beneath this encouraging headline, the country faces mounting structural pressures — including elevated public debt, a fragile financial sector, and a private sector that is growing in employment but shrinking in productivity. The report, titled Pathways for Unlocking Productivity-Led Private Sector Growth,&nbsp;examines Guinea-Bissau’s macroeconomic trajectory, fiscal and financial sector risks, and the policy agenda required to shift the economy toward a more diversified and productive growth model. “Guinea-Bissau has shown resilient growth in 2025 — but resilience anchored in a single crop and weighed down by falling labor productivity is not a foundation for lasting prosperity. Turning today's investment into better jobs and rising incomes for Bissau-Guinean households will require a fairer tax system, broader access to finance, and institutions that firms can rely on" said Rosa Brito, World Bank Group Resident Representative for Guinea-Bissau. Inflation fell sharply to 0.9% in 2025, offering temporary relief to households amid continued political uncertainty. The fiscal deficit narrowed to 6.5% of GDP, though consolidation relied heavily on spending restraint rather than stronger revenue generation. Public debt stood at 75.6% of GDP — above the WAEMU ceiling. Non-performing loans surged to over 22% by mid-2025, sharply curtailing credit to small and medium enterprises (SMEs), women-led firms, and the broader private sector. Looking ahead, GDP growth is projected to ease to 4.8% in 2026, reflecting subdued investment and lingering political uncertainty following the political transition of November 2025. Spillovers from the Middle East conflict are projected to reach Guinea-Bissau mainly through higher fuel and food import prices (each about 30% of imports) and rising freight costs that squeeze cashew export margins. Policy priorities should focus on protecting vulnerable households while safeguarding macro fiscal sustainability. Extreme poverty is expected to decline to 37.8% by 2028, though rising food and fuel prices risk slowing that progress. Drawing on the 2025 World Bank Enterprise Survey, the report finds a striking divergence between investment and labor productivity in Guinea-Bissau's private sector. The share of firms investing in fixed assets rose from 45.1% in 2006 to 61.2% in 2025 — yet labor productivity turned sharply negative, dropping from 6.2% to -6.8%. Firms are hiring more workers without expanding output, pointing to a pattern of low-quality job creation that leaves wages, efficiency, and living standards stagnant. Taxation, access to finance, and institutional unpredictability have emerged as the most binding constraints, while gender gaps in firm ownership and credit access further narrow the productive base of the economy. To reverse this trend, the report calls for broadening the tax base and simplifying compliance, including scaling up digital filing and introducing a streamlined SME regime, while expanding access to finance through stronger credit systems and targeted support for SMEs and women-led firms. It also underscores the need to modernize customs to enhance predictability, sustain energy reliability and utility governance, and close the digital gap through telecom reforms and deployment of the national fiber backbone. “Guinea-Bissau’s private sector challenge is not a lack of entrepreneurship— it is a lack of the conditions that allow firms to grow, formalize, and become more productive. Addressing firms most binding constraints in a coordinated way is what will turn investment into productivity and growth into better jobs.”, said Maria Elkhdari, Country Economist for Guinea Bissau and lead author of the report.]]></wn_desc>
    <master_recent_date>2026-06-24T11:13:31Z</master_recent_date>
    <short_description>Guinea-Bissau’s economy demonstrated notable resilience in 2025, according to the World Bank Group's Guinea-Bissau Economic Update (Spring 2026), released today.</short_description>
    <desc><![CDATA[ BISSAU, JUNE 24, 2026 -&nbsp;Guinea-Bissau’s economy demonstrated notable resilience in 2025, according to the World Bank Group's Guinea-Bissau Economic Update (Spring 2026), released today. Real GDP expanded 5.8% in 2025, buoyed by a strong cashew harvest and farmgate prices that supported rural incomes and private consumption. Yet beneath this encouraging headline, the country faces mounting structural pressures — including elevated public debt, a fragile financial sector, and a private sector that is growing in employment but shrinking in productivity. The report, titled Pathways for Unlocking Productivity-Led Private Sector Growth,&nbsp;examines Guinea-Bissau’s macroeconomic trajectory, fiscal and financial sector risks, and the policy agenda required to shift the economy toward a more diversified and productive growth model. “Guinea-Bissau has shown resilient growth in 2025 — but resilience anchored in a single crop and weighed down by falling labor productivity is not a foundation for lasting prosperity. Turning today's investment into better jobs and rising incomes for Bissau-Guinean households will require a fairer tax system, broader access to finance, and institutions that firms can rely on" said Rosa Brito, World Bank Group Resident Representative for Guinea-Bissau. Inflation fell sharply to 0.9% in 2025, offering temporary relief to households amid continued political uncertainty. The fiscal deficit narrowed to 6.5% of GDP, though consolidation relied heavily on spending restraint rather than stronger revenue generation. Public debt stood at 75.6% of GDP — above the WAEMU ceiling. Non-performing loans surged to over 22% by mid-2025, sharply curtailing credit to small and medium enterprises (SMEs), women-led firms, and the broader private sector. Looking ahead, GDP growth is projected to ease to 4.8% in 2026, reflecting subdued investment and lingering political uncertainty following the political transition of November 2025. Spillovers from the Middle East conflict are projected to reach Guinea-Bissau mainly through higher fuel and food import prices (each about 30% of imports) and rising freight costs that squeeze cashew export margins. Policy priorities should focus on protecting vulnerable households while safeguarding macro fiscal sustainability. Extreme poverty is expected to decline to 37.8% by 2028, though rising food and fuel prices risk slowing that progress. Drawing on the 2025 World Bank Enterprise Survey, the report finds a striking divergence between investment and labor productivity in Guinea-Bissau's private sector. The share of firms investing in fixed assets rose from 45.1% in 2006 to 61.2% in 2025 — yet labor productivity turned sharply negative, dropping from 6.2% to -6.8%. Firms are hiring more workers without expanding output, pointing to a pattern of low-quality job creation that leaves wages, efficiency, and living standards stagnant. Taxation, access to finance, and institutional unpredictability have emerged as the most binding constraints, while gender gaps in firm ownership and credit access further narrow the productive base of the economy. To reverse this trend, the report calls for broadening the tax base and simplifying compliance, including scaling up digital filing and introducing a streamlined SME regime, while expanding access to finance through stronger credit systems and targeted support for SMEs and women-led firms. It also underscores the need to modernize customs to enhance predictability, sustain energy reliability and utility governance, and close the digital gap through telecom reforms and deployment of the national fiber backbone. “Guinea-Bissau’s private sector challenge is not a lack of entrepreneurship— it is a lack of the conditions that allow firms to grow, formalize, and become more productive. Addressing firms most binding constraints in a coordinated way is what will turn investment into productivity and growth into better jobs.”, said Maria Elkhdari, Country Economist for Guinea Bissau and lead author of the report.]]></desc>
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    <title>World Bank Group Endorses New Country Partnership Framework for Guinea and Investments to boost Jobs and Growth</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/06/23/world-bank-group-endorses-new-country-partnership-framework-for-guinea-and-investments-to-boost-jobs-and-growth</url>
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    <wn_title>World Bank Group Endorses New Country Partnership Framework for Guinea and Investments to boost Jobs and Growth</wn_title>
    <wn_desc><![CDATA[ WASHINGTON, June 23, 2026&nbsp;- The World Bank Group today endorsed a new Country Partnership Framework (CPF) for Guinea, and approved &nbsp;three financing operations: $116 million for the second phase of the Commercial Agriculture Development Project, $102 million for the Skills for Innovation, Resilience and Aspirations (SIRA) Program, and $75 million for the Domestic Revenue Mobilization and Public Expenditure Management Project. The new CPF, spanning from 2027 to 2033 will support Guinea’s efforts to create more and better jobs through stronger economic governance, expanded foundational infrastructure, and increased private investment. Aligned with Guinea’s 15-year development program, Simandou 2040, it comes at an important moment, as Guinea seeks to harness opportunities linked to the Simandou iron ore project to translate mineral wealth into broader, more inclusive, and job-rich growth. “Simandou’s production era gives Guinea a once-in-a-generation opportunity to turn mineral wealth into broad-based prosperity,” said Marie-Chantal Uwanyiligira, World Bank Division Director for Côte d’Ivoire, Benin, Guinea, and Togo. “History shows that countries succeed not because of the resources they extract, but because of how they invest the proceeds. Guinea now has the opportunity to channel mining revenues into stronger institutions, better infrastructure, quality education and skills, and productive sectors that generate jobs and opportunities for millions of young people. Through our new Country Partnership Framework, the World Bank Group stands ready to support this ambition. The programs approved today in domestic resource mobilization, commercial agriculture, and skills development are concrete steps toward ensuring that the benefits of Guinea’s natural resources are felt in every community and every household.” A distinctive feature of the CPF is its focus on the Simandou corridor as a platform for integrated development, linking mining infrastructure to broader private sector-led opportunities in agribusiness, transport, and economic activity in surrounding regions. The aim is to help turn logistics corridors into economic corridors, driving growth and job creation beyond the mining sector. The CPF will be delivered through a strong One World Bank Group approach, drawing on the complementary strengths of the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) to mobilize private investment and strengthen development impact. For the first half of the CPF period, Guinea is expected to benefit from an indicative initial three-year IDA21 allocation of about $471 million. The World Bank Group’s current IDA portfolio in Guinea totals more than $1.565 billion. “IFC’s engagement in Guinea will focus on unlocking private investment in productive sectors including agribusiness, fisheries, manufacturing, and energy, while strengthening local champions so that the Simandou project generates inclusive jobs”, said Nathalie Kouassi Akon, IFC Division Director for West Africa, Gulf of Guinea. “We aim to leverage the development of the broader business ecosystem built over the past decade, alongside the World Bank, to enable scale and maximize impact, including through continued support to local content, business environment, and PPP reforms.” MIGA will complement IDA and IFC by providing guarantees to help reduce risk for private investment in infrastructure and energy, in support of Guinea’s broader economic transformation. The CPF is organized around four core outcomes: stronger economic governance, a better educated and healthier workforce, improved access to energy and transport, and increased private investment for job creation. These priorities will be translated into action through a set of flagship investments and reforms across key sectors, connecting to initiatives including Mission 300, AgriConnect, Water Forward, Universal Health Access, AIM2030, and other sectoral compacts to support inclusive growth and job creation. A first major investment supporting the CPF is the second phase of the Commercial Agriculture Development Project, which will promote commercialization, attract private investment, and expand employment opportunities in key agricultural value chains. By 2033, the project is expected to create approximately 66,000 jobs, benefit 250,000 farmers and rural households, and mobilize $150 million in private capital, using AgriConnect as the anchor vehicle for this agenda. Complementing these investments, Guinea’s participation in the Skills for Innovation, Resilience, and Aspirations (SIRA) Program—a ten-year Multi-Phase Programmatic Approach will strengthen education and skills systems and expand access to jobs. The program will modernize secondary education, expand technical and vocational training aligned with priority sectors such as agribusiness, energy, and digital, and scale entrepreneurship and job placement support for youth, strengthening the link between skills development and private sector demand and expected to benefit around 2.7 million young Guineans. This effort will also be supported through the Guinea Domestic Revenue Mobilization and Public Expenditure Management Project, designed to help Guinea strengthen its fiscal foundations as it prepares to manage future revenues from the Simandou project. With tax revenues currently below regional averages, the project aims to raise the tax-to-GDP ratio from 12.1% to 15% by 2031 through reforms that modernize revenue administration, improve public expenditure management, and strengthen debt management.]]></wn_desc>
    <master_recent_date>2026-06-23T13:53:00Z</master_recent_date>
    <short_description>The World Bank Group today endorsed a new Country Partnership Framework (CPF) for Guinea, and approved  three financing operations: $116 million for the second phase of the Commercial Agriculture Development Project, $102 million for the Skills for Innovation, Resilience and Aspirations (SIRA) Program, and $75 million for the Domestic Revenue Mobilization and Public Expenditure Management Project.</short_description>
    <desc><![CDATA[ WASHINGTON, June 23, 2026&nbsp;- The World Bank Group today endorsed a new Country Partnership Framework (CPF) for Guinea, and approved &nbsp;three financing operations: $116 million for the second phase of the Commercial Agriculture Development Project, $102 million for the Skills for Innovation, Resilience and Aspirations (SIRA) Program, and $75 million for the Domestic Revenue Mobilization and Public Expenditure Management Project. The new CPF, spanning from 2027 to 2033 will support Guinea’s efforts to create more and better jobs through stronger economic governance, expanded foundational infrastructure, and increased private investment. Aligned with Guinea’s 15-year development program, Simandou 2040, it comes at an important moment, as Guinea seeks to harness opportunities linked to the Simandou iron ore project to translate mineral wealth into broader, more inclusive, and job-rich growth. “Simandou’s production era gives Guinea a once-in-a-generation opportunity to turn mineral wealth into broad-based prosperity,” said Marie-Chantal Uwanyiligira, World Bank Division Director for Côte d’Ivoire, Benin, Guinea, and Togo. “History shows that countries succeed not because of the resources they extract, but because of how they invest the proceeds. Guinea now has the opportunity to channel mining revenues into stronger institutions, better infrastructure, quality education and skills, and productive sectors that generate jobs and opportunities for millions of young people. Through our new Country Partnership Framework, the World Bank Group stands ready to support this ambition. The programs approved today in domestic resource mobilization, commercial agriculture, and skills development are concrete steps toward ensuring that the benefits of Guinea’s natural resources are felt in every community and every household.” A distinctive feature of the CPF is its focus on the Simandou corridor as a platform for integrated development, linking mining infrastructure to broader private sector-led opportunities in agribusiness, transport, and economic activity in surrounding regions. The aim is to help turn logistics corridors into economic corridors, driving growth and job creation beyond the mining sector. The CPF will be delivered through a strong One World Bank Group approach, drawing on the complementary strengths of the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) to mobilize private investment and strengthen development impact. For the first half of the CPF period, Guinea is expected to benefit from an indicative initial three-year IDA21 allocation of about $471 million. The World Bank Group’s current IDA portfolio in Guinea totals more than $1.565 billion. “IFC’s engagement in Guinea will focus on unlocking private investment in productive sectors including agribusiness, fisheries, manufacturing, and energy, while strengthening local champions so that the Simandou project generates inclusive jobs”, said Nathalie Kouassi Akon, IFC Division Director for West Africa, Gulf of Guinea. “We aim to leverage the development of the broader business ecosystem built over the past decade, alongside the World Bank, to enable scale and maximize impact, including through continued support to local content, business environment, and PPP reforms.” MIGA will complement IDA and IFC by providing guarantees to help reduce risk for private investment in infrastructure and energy, in support of Guinea’s broader economic transformation. The CPF is organized around four core outcomes: stronger economic governance, a better educated and healthier workforce, improved access to energy and transport, and increased private investment for job creation. These priorities will be translated into action through a set of flagship investments and reforms across key sectors, connecting to initiatives including Mission 300, AgriConnect, Water Forward, Universal Health Access, AIM2030, and other sectoral compacts to support inclusive growth and job creation. A first major investment supporting the CPF is the second phase of the Commercial Agriculture Development Project, which will promote commercialization, attract private investment, and expand employment opportunities in key agricultural value chains. By 2033, the project is expected to create approximately 66,000 jobs, benefit 250,000 farmers and rural households, and mobilize $150 million in private capital, using AgriConnect as the anchor vehicle for this agenda. Complementing these investments, Guinea’s participation in the Skills for Innovation, Resilience, and Aspirations (SIRA) Program—a ten-year Multi-Phase Programmatic Approach will strengthen education and skills systems and expand access to jobs. The program will modernize secondary education, expand technical and vocational training aligned with priority sectors such as agribusiness, energy, and digital, and scale entrepreneurship and job placement support for youth, strengthening the link between skills development and private sector demand and expected to benefit around 2.7 million young Guineans. This effort will also be supported through the Guinea Domestic Revenue Mobilization and Public Expenditure Management Project, designed to help Guinea strengthen its fiscal foundations as it prepares to manage future revenues from the Simandou project. With tax revenues currently below regional averages, the project aims to raise the tax-to-GDP ratio from 12.1% to 15% by 2031 through reforms that modernize revenue administration, improve public expenditure management, and strengthen debt management.]]></desc>
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    <title>World Bank Supports Regional Program to Expand Renewable Energy Access and Create Jobs in West and Central Africa</title>
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    <url>http://www.worldbank.org/en/news/press-release/2026/06/22/world-bank-supports-regional-program-to-expand-renewable-energy-access-and-create-jobs-in-west-and-central-africa</url>
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    <wn_title>World Bank Supports Regional Program to Expand Renewable Energy Access and Create Jobs in West and Central Africa</wn_title>
    <wn_desc><![CDATA[Accelerating electrification in underserved rural and remote areas across Benin, Central African Republic, Liberia, and Sierra Leone WASHINGTON, June 22, 2026&nbsp;- The World Bank Group today approved a $200 million financing package to help expand access to reliable, affordable, and clean electricity across Benin, the Central African Republic, Liberia, and Sierra Leone, as part of the first phase of the broader $853 million &nbsp;Regional Program for Distributed Access through Renewable Energy Solutions (Regional DARES). The operation will accelerate electrification through distributed renewable energy solutions —such as solar home systems, mini-grids, and other off-grid technologies— targeting underserved rural and remote communities across the four countries. “Expanding access to reliable renewable energy is essential for job creation and economic transformation across West and Central Africa,” said Franz R. Drees-Gross, World Bank Regional Director for Infrastructure. “By bringing electricity to households, businesses, farms, and public institutions, this program will unlock new livelihood opportunities, support entrepreneurs, and enable communities to move from subsistence to more productive economic activities.” West and Central Africa faces one of the world’s largest electricity access gaps, with nearly half of the population still lacking access to electricity, most of them in rural and fragile contexts. Traditional grid expansion alone has proven too slow and costly to reach remote communities, while distributed renewable energy markets remain underdeveloped due to high upfront costs, weak institutional capacity, and limited private investment. Addressing these challenges requires scalable, cost-effective solutions that can rapidly extend access, strengthen resilience, and unlock productivity and jobs across underserved areas. Regional DARES will generate jobs across the energy value chain, from installation and maintenance to local supply chains and productive uses in agriculture and small enterprises. By expanding access to electricity, the program will catalyze new income-generating activities, boost productivity, and broaden opportunities for youth and women. It will also strengthen resilience to climate shocks while supporting inclusive growth. In parallel, the program will expand electricity access for households, businesses, and public institutions, including schools and health centers, improving service delivery and human development outcomes. By promoting the productive use of energy, it will enable farmers, cooperatives, and small businesses to increase output, reduce losses, and create higher-value jobs. The new initiative introduces an innovative regional platform that aggregates demand across countries and leverages private sector participation through results-based financing. In this first phase, the program will mobilize significant private investment, helping scale up deployment and accelerate impact across the region. “Regional approaches are critical to unlocking scale and impact,” said Nathan Belete, World Bank Director for Africa Regional Programs. “By creating a unified regional market for distributed renewable energy, this program will attract private investment, accelerate electrification, and strengthen regional integration, while delivering jobs and economic opportunities across participating countries.” Over time, the broader program will expand access to clean energy for millions, scale up renewable generation capacity, and reduce greenhouse gas emissions—supporting both climate resilience and the transition to low‑carbon development. By doing so, it contributes to Mission 300, a joint initiative by the World Bank Group and the African Development Bank to connect 300 million people in Africa to electricity by 2030.Contact:In Cotonou: Yao Gnona Afangbedji, yafangbedji@worldbank.orgIn Bangui: Emmanuel Crispin Dembassa Kette, edembassakette@worldbankgroup.orgIn Monrovia: Michael Nyumah Sahr, msahr@worldbank.orgIn Freetown: Mosed Alex Kargbo, mkargbo@worldbank.org]]></wn_desc>
    <master_recent_date>2026-06-22T19:13:00Z</master_recent_date>
    <short_description>The World Bank Group today approved a $200 million financing package to help expand access to reliable, affordable, and clean electricity across Benin, the Central African Republic, Liberia, and Sierra Leone, as part of the first phase of the broader $853 million  Regional Program for Distributed Access through Renewable Energy Solutions (Regional DARES). The operation will accelerate electrification through distributed renewable energy solutions —such as solar home systems, mini-grids, and other off-grid technologies— targeting underserved rural and remote communities across the four countries.</short_description>
    <desc><![CDATA[Accelerating electrification in underserved rural and remote areas across Benin, Central African Republic, Liberia, and Sierra Leone WASHINGTON, June 22, 2026&nbsp;- The World Bank Group today approved a $200 million financing package to help expand access to reliable, affordable, and clean electricity across Benin, the Central African Republic, Liberia, and Sierra Leone, as part of the first phase of the broader $853 million &nbsp;Regional Program for Distributed Access through Renewable Energy Solutions (Regional DARES). The operation will accelerate electrification through distributed renewable energy solutions —such as solar home systems, mini-grids, and other off-grid technologies— targeting underserved rural and remote communities across the four countries. “Expanding access to reliable renewable energy is essential for job creation and economic transformation across West and Central Africa,” said Franz R. Drees-Gross, World Bank Regional Director for Infrastructure. “By bringing electricity to households, businesses, farms, and public institutions, this program will unlock new livelihood opportunities, support entrepreneurs, and enable communities to move from subsistence to more productive economic activities.” West and Central Africa faces one of the world’s largest electricity access gaps, with nearly half of the population still lacking access to electricity, most of them in rural and fragile contexts. Traditional grid expansion alone has proven too slow and costly to reach remote communities, while distributed renewable energy markets remain underdeveloped due to high upfront costs, weak institutional capacity, and limited private investment. Addressing these challenges requires scalable, cost-effective solutions that can rapidly extend access, strengthen resilience, and unlock productivity and jobs across underserved areas. Regional DARES will generate jobs across the energy value chain, from installation and maintenance to local supply chains and productive uses in agriculture and small enterprises. By expanding access to electricity, the program will catalyze new income-generating activities, boost productivity, and broaden opportunities for youth and women. It will also strengthen resilience to climate shocks while supporting inclusive growth. In parallel, the program will expand electricity access for households, businesses, and public institutions, including schools and health centers, improving service delivery and human development outcomes. By promoting the productive use of energy, it will enable farmers, cooperatives, and small businesses to increase output, reduce losses, and create higher-value jobs. The new initiative introduces an innovative regional platform that aggregates demand across countries and leverages private sector participation through results-based financing. In this first phase, the program will mobilize significant private investment, helping scale up deployment and accelerate impact across the region. “Regional approaches are critical to unlocking scale and impact,” said Nathan Belete, World Bank Director for Africa Regional Programs. “By creating a unified regional market for distributed renewable energy, this program will attract private investment, accelerate electrification, and strengthen regional integration, while delivering jobs and economic opportunities across participating countries.” Over time, the broader program will expand access to clean energy for millions, scale up renewable generation capacity, and reduce greenhouse gas emissions—supporting both climate resilience and the transition to low‑carbon development. By doing so, it contributes to Mission 300, a joint initiative by the World Bank Group and the African Development Bank to connect 300 million people in Africa to electricity by 2030.Contact:In Cotonou: Yao Gnona Afangbedji, yafangbedji@worldbank.orgIn Bangui: Emmanuel Crispin Dembassa Kette, edembassakette@worldbankgroup.orgIn Monrovia: Michael Nyumah Sahr, msahr@worldbank.orgIn Freetown: Mosed Alex Kargbo, mkargbo@worldbank.org]]></desc>
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