Prosperity

To accelerate sustainable economic growth, developing countries must tackle a variety of challenges. These include low levels of productivity, inefficient public spending, inadequate domestic resource mobilization, price distortions from fiscal systems that discourage sustainability, lack of economic resilience, elevated debt levels, and the rising risks posed by climate change.

Fostering private sector-led growth and market creation requires expertise in finance and private sector development, along with collaboration with governments to improve investment conditions. This area focuses on supporting economies to attain financial stability, innovation and risk management.

Governments face increasing challenges that highlight the need for a renewed social contract and stronger public trust. Enhancing governance, combating corruption, and building resilient institutions are key to delivering services efficiently, supporting private sector growth, and promoting sustainable development.

After a period of significant progress, a series of overlapping crises and shocks have caused a slowdown today in global poverty reduction. Extreme poverty has become increasingly concentrated in Sub-Saharan Africa and places impacted by conflict and fragility. Jobs are the most effective way to defeat poverty – they provide a pathway out of poverty, empower women, give hope to younger generations, and build stronger communities.

Fostering private sector-led growth and market creation requires expertise in finance and private sector development, along with collaboration with governments to improve investment conditions. This area focuses on supporting economies to attain financial stability, innovation and risk management.