World Bank Africa Outlook
World Bank warns of Malawi's record fiscal deficit and Uganda's structural jobs crisis, highlighting deepening macroeconomic imbalances across the continent.
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- MARKETColombia's COLCAP jumps 1.6% as peso stabilizes near cycle lows
Equities rally on currency support and firmer oil prices, extending the peso's post-election recovery.
- MARKETWorld Bank projects Malawi to record Africa's largest fiscal deficit in 2026
The lender revised its forecast for the landlocked nation to 11.8% of GDP, up from 9%, compounding pressure from a widening trade gap.
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- MARKETWorld Bank assessment highlights Uganda's structural jobs deficit despite growth
The latest evaluation suggests policymakers are overestimating the benefits of GDP expansion while underestimating the severity of the employment crisis.