The World Bank says inequality in Sub-Saharan Africa remains one of the highest in the world.
On Tuesday, the Washinton-based development bank disclosed this in its Africa’s Pulse Report.
The report stated that SSA is second only to the Latin America and Caribbean region.
It stated that disparities exist in access to market and income-generating activities.
The report called for several policy actions to foster stronger and more equitable growth.
“What’s more, inequality in Sub-Saharan Africa remains one of the highest in the world, second only to the Latin America and Caribbean region, as measured by the region’s average Gini coefficient.
“Disparities also exist in access to markets and income-generating activities, irrespective of people’s skills. Taxes and poorly targeted subsidies may also have an outsized impact on the poor.
“These include restoring macro-economic stability, promoting inter-generational mobility, supporting market access, and ensuring that fiscal policies do not overburden the poor,” it said.
