World Bank economist discusses strategies for low-income countries' economic progress

World Bank economist discusses strategies for low-income countries' economic progress
Banking & Financial Services
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Ajay Banga 14th President of the World Bank Group | Official Website

The next quarter-century could be crucial for the world's 26 poorest countries as they strive to reach middle-income status. These nations are home to over 40 percent of people living on less than $2.15 a day, making them a central focus in the global fight against extreme poverty. However, their advancement has been hindered by increased conflict, regular economic crises, and weak growth.

Ayhan Kose, Deputy Chief Economist of the World Bank, provides insights into how these countries can address these challenges and resume their progress.