Bosnia and Herzegovina’s Continued Progress Requires More Economic and Energy Reforms

Bosnia and Herzegovina (BiH) has made significant development progress over the past two decades. To continue on this path of growth, the country needs structural economic and energy reforms, as well as improved coordination between all levels of governments in BiH, according to the latest comprehensive economic analysis prepared by the World Bank.

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New World Bank Group Report Says Liberia Needs to Prioritize Essential Climate Actions to Promote Growth and Development

The World Bank Group’s new Country Climate and Development Report (CCDR) for Liberia explores the mounting risks that climate change could undercut Liberia’s economy and push more Liberians into poverty. Highlighting the role of proactive action, the report calls for adaptation and better planning for low-carbon growth, land use, and investment.

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Accelerating Data Modernization Efforts in Western and Central Africa - Republic of Congo and Gabonese Republic get World Bank support to enhance their statistical systems

The World Bank today approved an additional $150 million in credit and loan from the International Development Association (IDA) and from the International Bank for Reconstruction and Development (IBRD) to improve and harmonize data systems in the Republic of Congo and Gabonese Republic, respectively. This operation is an Additional Financing of the Harmonizing and Improving Statistics in West and Central Africa Series of Projects-Two (HISWACA-SOP 2) project, designed to improve national statistical performance, promote regional harmonization, facilitate data access and utilization, and drive the modernization of statistical frameworks in Western and Central Africa.

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Liberia Country and Climate Development Report (CCDR)

This Country Climate and Development Report examines Liberia’s development trajectory through the lens of the country’s vulnerability to climate change. It identifies Liberia’s development risks and opportunities, models various scenarios of climate impact and intervention, and proposes ways to strengthen resilience and finance climate actions that support Liberia’s development aspirations of inclusive growth and poverty reduction.

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Statement on Development Policy Lending for Democratic Republic of Congo (DRC)

The World Bank recently financed two Development Policy Loans for $250 million in June 2022 and $500 million in March 2023 to support a program of reforms in the Democratic Republic of Congo.

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Sierra Leone Records Progress in Human Capital Development - But Requires Sustained Investments to Drive Economic Growth and Reduce Poverty

Sierra Leone has made commendable strides in improving human capital development with the government demonstrating a strong commitment to enhancing the well-being and productivity of its population through significant investments in health and education, according to a new World Bank report launched today in Freetown. The report also highlights the prioritization of social protection interventions like cash transfers to extremely vulnerable groups as a notable intervention aimed at reducing poverty and building human capital.

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