One in three IDA countries is poorer today than it was on the eve of the pandemic. While several major economies are seeing growth surprise on the upside, near-term projections for IDA countries are, on average, being revised down. Investment growth in IDA countries has generally been weak in recent years. Against a backdrop of historically challenging international and domestic circumstances, IDA countries’ policy efforts— should be complemented by significant and consistent international financing. To create an environment in which IDA countries can thrive, enhanced international cooperation on global issues will also be necessary.

Source: Ethiopian News May 04, 2024 23:17 UTC