World Bank Reports on Stresses IDA Countries Face Due to Global Slowdown
The World Bank reports that while many International Development Association (IDA) countries have made major headway in realizing the benefits available through access to international markets, the recent financial and earlier food and fuel crises have put this progress at…
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risk. The slowdown in trade activity has been widespread, impacting both wealthy nations and poorer ones. IDA countries, which are generally the most vulnerable to these kinds of market shocks, have been deeply affected. Moreover, IDA countries continue to face supply-side constraints that affect their trade capacity such as weak institutions and inadequate physical infrastructure has also hampered their export performance.