CPIA Africa: strengthening debt management capacity
Africa's poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018, according to the World Bank's annual Country Policy and Institutional Assessment (CPIA). The average CPIA score in Africa's 38 International Development Association (IDA)-eligible countries in 2018 remained unchanged at 3.1 on a scale of 0 to 6, with some areas of social policy seeing improvements while macroeconomic management weakened. The rule of law, accountability and transparency, and the quality of public administration remained major areas that impede the efficient use of public resources across the region. This year's CPIA Africa report takes a closer look at debt management, as the median government debt-to-GDP ratio reached 54.9 percent of GDP in 2018, an 18.5 percentage-point increase since 2013.
