Much of the messiness in the global economy these days can be chalked up to policy mistakes in the most advanced economies — but the effects are spilling over into lower-income countries, the World Bank’s chief economist told Devex.
Sub-Saharan Africa is a particular area of concern. Progress on fighting poverty there “is going to be very, very slow,” Indermit Gill said in an interview during the World Bank-International Monetary Fund Spring Meetings this week in Washington, D.C., as he ran between appointments.
He argues the bank needs to step up its intermediary role in getting capital from the wealthiest countries to lower-income markets in order to spur investment and drive the growth of the future, including in the green economy.
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
About the author
Shabtai Gold
Shabtai Gold is a Senior Reporter based in Washington. He covers multilateral development banks, with a focus on the World Bank, along with trends in development finance. Prior to Devex, he worked for the German Press Agency, dpa, for more than a decade, with stints in Africa, Europe, and the Middle East, before relocating to Washington to cover politics and business.
