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

|Comments and Research
16 July 2024

Africa - photo by James Wiseman on UnsplashThe World Bank's latest Country Policy and Institutional Assessment (CPIA) report for Africa has spotlighted best practices designed to bolster African businesses. This annual diagnostic tool evaluates the quality of policies and institutions in countries eligible for financing from the International Development Association (IDA), focusing on four key areas: economic management, structural policies, policies for social inclusion and equity, and public sector management and institutions.

Background and Context

The CPIA is an essential instrument for understanding the economic and institutional landscapes of countries in Sub-Saharan Africa (SSA). It provides a thorough assessment of 39 IDA-eligible countries in SSA, rating them on a scale from 1 (low) to 6 (high) across 16 dimensions. The report's insights are invaluable for policymakers, investors, and businesses aiming to engage with African markets.

Key Findings and Trends

The 2024 CPIA report underscores several areas of improvement and best practices that can support African businesses. Notably, the report highlights the significance of private-sector reforms and the protection of vulnerable populations from economic fluctuations, which are crucial for business sustainability and growth.</

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