New Country Policy and Institutional Assessment Report for Africa Highlights Best Practices to Support African Businesses

<!DOCTYPE html> <html lang="en"> <head> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "NewsArticle", "mainEntityOfPage": "https://www.worldbank.org/en/news/press-release/2024/07/16/country-policy-and-institutional-assessment-report-afe-for-africa-highlights-best-practices", "headline": "New Country Policy and Institutional Assessment Report for Africa Highlights Best Practices to Support African Businesses", "datePublished": "2024-07-15T16:07:01.474", "dateModified": "2024-07-15T16:06:36.365", "description": "The annual Country Policy and Institutional Assessment (CPIA) for Africa confirms that countries in Sub-Saharan Africa (SSA) weathered 2023 relatively well thanks to credible economic and social policy reforms. In particular, governments and central banks have started to shift attention from weathering global shocks to building credibility, capacity, and transparency. 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In particular, governments and central banks have started to shift attention from weathering global shocks to building credibility, capacity, and transparency. 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href="https://www.worldbank.org/en/country/bosniaandherzegovina">Bosnia and Herzegovina</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/botswana">Botswana</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/brazil">Brazil</a> <ul> <li lang="pt"><a class="dropdown-item" href="https://www.worldbank.org/pt/country/brazil">Português</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/bulgaria">Bulgaria</a> <ul> <li lang="bg"><a class="dropdown-item" href="https://www.worldbank.org/bg/country/bulgaria">Български</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/burkinafaso">Burkina Faso</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/burkinafaso">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/burundi">Burundi</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/burundi">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caboverde">Cabo Verde</a> <ul> <li lang="pt"> <a class="dropdown-item" href="https://www.worldbank.org/pt/country/caboverde">Português</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/cambodia">Cambodia</a> <ul> <li lang="km"><a class="dropdown-item" href="https://www.worldbank.org/km/country/cambodia">ភាសាខ្មែរ</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/cameroon ">Cameroon</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/cameroon">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/canada">Canada</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/canada">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/centralafricanrepublic">Central African Republic</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/centralafricanrepublic">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/chad">Chad</a> <ul> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/chad">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/chile">Chile</a> <ul> <li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/chile">Español</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/china">China</a> <ul> <li lang="zh"><a class="dropdown-item" href="https://www.shihang.org/zh/country/china">中文</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/colombia">Colombia</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/colombia">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/comoros">Comoros</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/comoros">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/drc">Democratic Republic of Congo</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/drc">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/congo">Republic of Congo </a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/congo">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/costarica">Costa Rica</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/costarica">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/cotedivoire">Cote d'Ivoire</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/cotedivoire">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/croatia">Croatia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eu">Czech Republic</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/denmark">Denmark</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/djibouti">Djibouti</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">Dominica</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/dominicanrepublic">Dominican Republic</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/dominicanrepublic">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/ecuador">Ecuador</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/ecuador">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/egypt">Egypt</a> <ul><li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/egypt">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/elsalvador">El Salvador</a> <ul><li lang="es"> <a class="dropdown-item" href="https://www.bancomundial.org/es/country/elsalvador">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/equatorialguinea">Equatorial Guinea</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eritrea">Eritrea</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/estonia">Estonia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/ethiopia">Ethiopia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/westerneurope">Europe (Western)</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Fiji</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/finland">Finland</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/france">France</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/france">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gabon">Gabon</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/gabon">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gambia">The Gambia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/georgia">Georgia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/germany">Germany</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/ghana">Ghana</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/greece">Greece</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">Grenada</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/guatemala">Guatemala</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/guatemala">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/guinea">Guinea</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/guinea">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/guineabissau">Guinea-Bissau</a> <ul><li lang="pt"><a class="dropdown-item" href="https://www.worldbank.org/pt/country/guineabissau">Português</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/guineabissau">Guyana</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/haiti">Haiti</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/haiti">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/honduras">Honduras</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/honduras">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eu">Hungary</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/iceland">Iceland</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/india">India</a> <ul><li lang="hi"><a class="dropdown-item" href="https://www.worldbank.org/hi/country/india">Hindi</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/indonesia">Indonesia</a> <ul><li lang="in"><a class="dropdown-item" href="https://www.worldbank.org/in/country/indonesia">Bahasa</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/iran">Iran</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/iraq">Iraq</a> <ul><li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/iraq">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/israel">Israel</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/italy">Italy</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/jamaica">Jamaica</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/japan">Japan</a> <ul><li lang="ja"><a class="dropdown-item" href="https://www.worldbank.org/ja/country/japan">日本語</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/jordan">Jordan</a> <ul><li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/jordan">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/kazakhstan">Kazakhstan</a> <ul><li lang="ru"><a class="dropdown-item" href="https://www.vsemirnyjbank.org/ru/country/kazakhstan">Русский</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/kenya">Kenya</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Kiribati</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/korea">Korea</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/kosovo">Kosovo</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gcc">Kuwait</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/kyrgyzrepublic">Kyrgyz Republic</a> <ul><li lang="ru"><a class="dropdown-item" href="https://www.vsemirnyjbank.org/ru/country/kyrgyzrepublic">Русский</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/lao">Lao PDR</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/latvia">Latvia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/lebanon">Lebanon</a> <ul><li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/lebanon">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/lesotho">Lesotho</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/liberia">Liberia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/libya">Libya</a> <ul><li lang="ar"> <a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/libya">عربي</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/lithuania">Lithuania</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/luxembourg">Luxembourg</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/luxembourg">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/northmacedonia">FYR of Macedonia</a> <ul><li lang="mk"><a class="dropdown-item" href="https://www.worldbank.org/mk/country/macedonia">македонски</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/madagascar">Madagascar</a> <ul><li lang="fr"> <a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/madagascar">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/malawi">Malawi</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/malaysia">Malaysia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/maldives">Maldives</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mali">Mali</a> <ul><li lang="fr"> <a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/mali">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Marshall Islands</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mauritania">Mauritania</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/mauritania">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mauritius">Mauritius</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/mauritius">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mexico">Mexico</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/mexico">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/moldova">Moldova</a> <ul><li lang="ro"><a class="dropdown-item" href="https://www.worldbank.org/ro/country/moldova">română</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mongolia">Mongolia</a> <ul><li lang="mn"><a class="dropdown-item" href="https://www.worldbank.org/mn/country/mongolia">Монгол</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/montenegro">Montenegro</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/morocco">Morocco</a> <ul> <li lang="ar"><a class="dropdown-item" href="https://www.albankaldawli.org/ar/country/morocco">عربي</a></li> <li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/morocco">Français</a></li> </ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/mozambique">Mozambique</a> <ul><li lang="pt"><a class="dropdown-item" href="https://www.worldbank.org/pt/country/mozambique">Português</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/myanmar">Myanmar</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/namibia">Namibia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/nepal">Nepal</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/netherlands">Netherlands</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/nicaragua">Nicaragua</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/nicaragua">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/niger">Niger</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/niger">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/nigeria">Nigeria</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/norway">Norway</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gcc">Oman</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pakistan">Pakistan</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Palau</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/panama">Panama</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/panama">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/png">Papua New Guinea</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/paraguay">Paraguay</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/paraguay">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/peru">Peru</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/peru">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/philippines">Philippines</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/poland">Poland</a> <ul><li lang="pl"><a class="dropdown-item" href="https://www.worldbank.org/pl/country/poland">Polski</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/portugal">Portugal</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/gcc">Qatar</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/romania">Romania</a> <ul><li lang="ro"><a class="dropdown-item" href="https://www.worldbank.org/ro/country/romania">Română</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/russia">Russia</a> <ul><li lang="ru"><a class="dropdown-item" href="https://www.vsemirnyjbank.org/ru/country/russia">Русский</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/rwanda">Rwanda</a> <ul><li lang="fr"> <a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/rwanda">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Samoa</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/saotome">Sao Tome and Principe</a> <ul><li lang="pt"><a class="dropdown-item" href="https://www.worldbank.org/pt/country/saotome">Português</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/senegal">Senegal</a> <ul><li lang="fr"> <a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/senegal">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/serbia">Serbia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/seychelles">Seychelles</a> <ul><li lang="fr"><a class="dropdown-item" href="https://www.banquemondiale.org/fr/country/seychelles">Français</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/sierraleone">Sierra Leone</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/singapore">Singapore</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eu">Slovak Republic</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/eu">Slovenia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/pacificislands">Solomon Islands</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/somalia">Somalia</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/southafrica">South Africa</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/southsudan">South Sudan</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/spain">Spain</a> <ul><li lang="es"><a class="dropdown-item" href="https://www.bancomundial.org/es/country/spain">Español</a></li></ul> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/srilanka">Sri Lanka</a> </li> <li><a class="dropdown-item" href="https://www.worldbank.org/en/country/caribbean">St. 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<article class="lp__body_content section " > <p><strong>Accra, July 16, 2024—</strong>The annual<strong> </strong><a href="https://hdl.handle.net/10986/41830">Country Policy and Institutional Assessment (CPIA) for Africa</a> confirms that countries in Sub-Saharan Africa (SSA) weathered 2023 relatively well thanks to credible economic and social policy reforms. In particular, governments and central banks have started to shift attention from weathering global shocks to building credibility, capacity, and transparency.</p><p>One reflection of this is the region’s strong performance across multiple measures of Central Bank independence – an institutional provision that improves countries’ ability to reduce inflation and can improve investors’ perception of risks. However, countries were held back by low transparency and inadequate judicial oversight. Moreover, the improvements are not universal, as governments facing budget constraints linked to high debt service costs will need to work harder to attract private sector investments to stimulate economic growth.</p><p>The CPIA is an annual diagnostic tool for countries eligible for financing from the International Development Association (IDA)*, the part of the World Bank that helps the world’s poorest countries. The 2024 report provides an assessment of the quality of policies and institutions in all 39 IDA–eligible countries in SSA for calendar year 2023. Countries are rated on a scale of 1 (low) to 6 (high) across 16 dimensions reflecting four areas: economic management, structural policies, policies for social inclusion and equity, and public sector management and institutions.</p><p>The average overall CPIA scores in SSA remained stable at 3.1 – the same aggregate score as the two previous years. A more detailed look at country assessments reveals that SSA has caught up with the average overall score for IDA countries in the rest of the world thanks to social policy reform, and credible fiscal policy improvement, and institutional provisions to promote economic stability.<i></i></p><p>“<i>The CPIA review offers a chance to identify areas of relative weakness and engage in a dialogue around policy reforms that can produce better development outcomes,</i>” said <strong>Andrew Dabalen, World Bank Chief Economist for Africa</strong>. <i></i></p><p>The need to attract and sustain greater private sector investments comes out strongly from the 2024 report. “<i>Private sector investments will need to pick up after years of investment growth coming from the public sector. High interest rates and public debt mean that the public sector can’t continue to do the heavy lifting, but there are huge opportunities around trade and the digital economy,</i>” said <strong>Nicholas Woolley, the CPIA report’s main author</strong>.</p><p>In that respect, CPIA scores could provide guidance to international investors and businesses on the quality of institutions and efficacy of recent reforms – something that sometimes prevents interested partners from starting new activity in the region. Detailed scores for all 39 SSA countries are available online at <a href="https://www.worldbank.org/en/data/datatopics/cpia">https://www.worldbank.org/en/data/datatopics/cpia</a>.<br><br></p><p>The report will be launched today in Accra, Ghana by Mr. Dabalen, with a panel discussion on policies to promote private sector growth moderated by Bernard Avle of Citi FM. The discussion is expected to cover all areas of the CPIA, including the importance of macroeconomic stability for the private sector, low-cost regulatory solutions to support trade and investment, and how education, health, and social inclusion boost local firm growth. The role of government transparency and accountability to avoid captured markets is also on the agenda.</p><p>*The World Bank’s International Development Association (IDA), established in 1960, helps the world’s low-income countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve people’s lives. IDA is one of the largest sources of assistance for its 75 client countries, 39 of which are in Africa. Since 1960, IDA has provided $552 billion to 115 countries. Annual commitments have averaged about $36 billion over the last three years (FY21-FY23), with about 75% going to Africa. Learn more online: <a href="https://ida.worldbank.org/">https://ida.worldbank.org</a> #IDAworks</p> </article></section> <div class="clearfix"></div> </div> <hr aria-hidden="true"> <div class="press_release_no section"> <div class="lp__pressrelease"> <span class="lp__pressrelease_title"PRES>PRESS RELEASE NO:</span><span class="lp__pressrelease_number"> 2024/005/AFE</span> </div> </div> <div class="redesign_title parbase section"> </div> <hr aria-hidden="true"> <div class="country_contacts parbase section"> <div class="lp__heading_v1"> <h2 class='h2'>Contacts</h2> </div> <div class="row">  <div class="col-lg-4 col-md-4 col-sm-6 col-xs-12"> <div class="lp__contacts_wrapper"> <div class='lp__location'>In Accra</div> <address> Kennedy Fosu<br/> </address> <div class="lp__tel"> +233 244 312541<br/> </div> <div class="lp__email"><a data-customlink="em:body content" data-text="Email" href="mailto:kfosu@worldbank.org"> kfosu@worldbank.org</a></div> </div></div>  <div class="col-lg-4 col-md-4 col-sm-6 col-xs-12"> <div class="lp__contacts_wrapper"> <div class='lp__location'>In Washington DC</div> <address> Caitlin Berczik<br/>+ 1 202 458-9351<br/> </address> <div class="display"> <div class="lp__tel"> Catherine Sear<br/>+1 202 415 8930<br/> </div> </div> <div class="lp__email"><a data-customlink="em:body content" data-text="Email" href="mailto:cberczik@worldbankgroup.org"> cberczik@worldbankgroup.org</a></div></div> </div>  <div class="col-lg-4 col-md-4 col-sm-6 col-xs-12"> <div class="lp__contacts_wrapper">  <div class='lp__location'>For Broadcast Requests</div> <address> David W. Young<br/> </address> <div class="display"> <div class="lp__tel"> (202) 473-4691<br/> </div> </div> <div class="lp__email"><a data-customlink="em:body content" data-text="Email" href="mailto:dyoung7@worldbank.org"> dyoung7@worldbank.org</a></div> </div> </div> </div> <style> .lp__contacts_wrapper .lp__location { font-weight: bold; margin-bottom: 8px; } /* == End contact us SASS == */ </style></div> </div> </div> </div> </div> <div class="col-md-3 col-sm-12 col-lg-3 col-xs-12 colsplit 2"> <div class=" wrap__heading_h2" > <div class="grid_3_par_2 parsys"> <div style="padding-left:0px;padding-right:0px;" class="remove-padding-grid" > <hr class="hidden-lg hidden-md " aria-hidden="true"> <div class="redesign_related section"> <div class="lp__link_list section "> <h2 class='h2'>RELATED</h2> <div class="lp__blurb_text" > <p><p><a href="https://www.worldbank.org/en/data/datatopics/cpia">CPIA Africa data website: Assessing Africa's Policies and Institutions</a></p> <p><a 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New Country Policy and Institutional Assessment Report for Africa Highlights Best Practices to Support African Businesses