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WB Africa Competitiveness Report 2009 released
CAPE TOWN, SOUTH AFRICA: African businesses can become far more competitive, but African governments and their international partners will need to improve access to finance, resist pressure to erect trade barriers, upgrade infrastructure, improve healthcare and educational systems and strengthen institutions, according to the World Bank 2009 Africa Competitiveness Report released on Wednesday, 10 June 2009.
The conclusions, released at the launch of the major new report, reflect research efforts of three institutions - the World Economic Forum, the African Development Bank and the World Bank.
The report highlights that limited access to financial services remains a major obstacle for African enterprises, but underdeveloped infrastructure, limited healthcare and educational services, and poor institutional frameworks also make African countries less competitive in the global marketplace. The report also points to a number of success stories in the region that highlight steps countries can take to improve the business environment.
The jointly produced report is the second report on the region's business environment to leverage knowledge and expertise within the three organisations. It also presents an integrated vision of the policy challenges African nations face as they build a foundation for sustainable growth and prosperity.
For more information and the full report, go to www.web.worldbank.org.
