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Seizing the moment: How can CEMAC countries navigate future commodity booms to promote sustained development?

Sub-Saharan African (SSA) countries, including those in the CEMAC (Economic and Monetary Community of Central Africa) region are endowed with abundant natural resources that hold significant potential for economic growth. But in many instances, these opportunities were wasted, and results were disappointing: resource-rich countries in SSA often have registered lower economic growth and higher inequality than those without such resources – a phenomenon referred to as the “resource curse”. A recent World Bank report, which expands on the research conducted by Cust et al. (2022) , undertakes a comparative study between the CEMAC region and other SSA countries and provides the following key findings. ....

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World Bank Supports the Modernization of Morocco Public Sector

The World Bank Board of Executive directors today approved a US$450 million loan to support key governance reforms in Morocco ....

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Jordan: Reforms Critical to Resilient Recovery and Sustainable Growth

Accelerated global recovery, improved vaccine rollout, and a full reopening of the domestic economy are the main drivers of a projected growth ....

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