World Bank Warns of 'Historical Reversal' in Development for Poorest Nations

The income gap between the world's poorest and richest countries is widening, signaling a critical setback in global economic equality.

Half of the world's 75 poorest countries have seen slower income growth compared to wealthy nations, marking a significant reversal this century.
The World Bank's report highlights a potential 'lost decade' of development without substantial policy changes and international aid.
External factors such as the COVID-19 pandemic, conflicts, and climate change have exacerbated the economic challenges faced by these nations.
Debt distress and reduced external support threaten the financial stability of these countries, with many at high risk of not being able to service their debts.
Efforts to boost investment and international cooperation are deemed essential for reversing these trends and supporting sustainable growth.