World Bank: how unfinished business is holding SA in limbo
The World Bank Group’s corporate mission is to help countries eliminate extreme poverty by 2030 and reduce inequality. This mission perfectly reflects the goals in SA’s Vision 2030 in the National Development Plan (NDP). To prepare its next country partnership framework with SA, the World Bank Group drafted a systematic country diagnostic — An Incomplete Transition: Overcoming the Legacy of Exclusion — to strengthen its understanding of key constraints to achieving these twin goals in SA. The diagnostic is anchored in the NDP and benefited from an extensive consultation process with key stakeholders in SA. The diagnostic acknowledges that SA has come a long way since democracy but argues that its transition remains incomplete as too many South Africans remain excluded from actively participating in the economy. The incomplete transition results in contestation over resources, which creates policy uncertainty and undermines attempts to foster growth and create jobs. In this sense, th...
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