The World Bank has organized a presentation of its annual global report, the World Development Report (WDR) for 2024, in Baku, APA-Economics reports.
According to the report, this year's report is called the Middle-Income Trap and provides an in-depth analysis of the challenges and opportunities faced by developing economies in avoiding the middle-income trap and achieving high-income status.
The presentation will focus on the key messages of the WDR with particular attention to the Europe and Central Asia region. Since Azerbaijan is an upper-middle-income country aiming to reach high-income status, the discussion is especially significant for the country.
The event will feature high-level plenary and panel discussions with the participation of representatives from the Azerbaijani government and World Bank officials.
Among the high-level participants from the World Bank are Ivailo Izvorski, Chief Economist for Europe and Central Asia, Asad Alam, Regional Director of the Economic Development Department, Rolande Pryce, Regional Director for South Caucasus, and Antonio Nucifora, Regional Manager of the Economic Policy Department.
