By: Racheal Asamoah  The World Bank has launched its World Development Report 2024, highlighting the urgent challenge faced by middle-income countries as they risk falling into the “middle-income trap.”  Despite significant progress in reducing poverty since the 1990s, only 34 out of 108 middle-income nations have successfully transitioned to high-income status. The report stresses that … Continue reading World Bank launches 2024 report; cautions middle-income countries on growth stagnation