Closing Bell West Africa

World Bank’s CPIA reports indicate stagnancy of development: How is it affecting Africa’s poorest countries?

PUBLISHED: Mon, 05 Aug 2019 14:19:41 GMT

The World Bank (WB) says Africa’s poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018. The average Country Policy and Institutional Assessment (CPIA) score in Africa’s 38 International Development Associations (IDA), that is the IDA-eligible countries in 2018 remained unchanged at 3.1 on a scale of zero to six. Albert Zeufack, Chief Economist for Africa at the World Bank joined CNBC Africa’s Kenneth Igbomor for more.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.