World Bank says African countries have sustained quality of economic policies – Xinhua

NAIROBI, Sept. 12 (Xinhua) — The majority of African countries defied domestic and external shocks to sustain quality of policy and institutional frameworks underpinning their recent economic progress, says a World Bank report released in Nairobi on Wednesday.

The 2017 Country Policy and Institutional Assessment (CPIA) for Sub-Saharan Africa’s scorecard which has been used to determine World Bank’s assistance to the world’s poorest nations since its launch in 1980 gave a positive assessment on quality of policies in Africa that has boosted health of the continent’s economy.

“In 2017, African countries had a more favorable global environment that provided them with space to implement reforms,” remarked Punam Chuhan-Pole, a lead economist at the World Bank’s Africa Region.

“According to our…

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