With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and preconditions for the development of children of early age shared prosperity in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face.
We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Africa’s Population Boom: Will It Mean Disaster or Economic and Human Development Gains? WASHINGTON, October 22, 2015 — The population in Africa is rapidly expanding, and by 2060 the region will hold an estimated 2. With the right policies and actions, countries in Sub-Saharan Africa can reap a tremendous demographic dividend from this growth to propel an economic takeoff, according to a new World Bank report.
The report, Africa’s Demographic Transition: Dividend or Disaster? Punam Chuhan-Pole, acting chief economist for the World Bank Africa region. The good news is that with the right policies and actions today, countries can accelerate the region’s transition to smaller families, healthier and better-educated youth, and an expanded job market if policymakers make the right decisions. For the past 15 years, countries in Sub-Saharan Africa have experienced impressive and sustained economic growth and development. Child mortality has dropped in most countries and fertility rates, or the number of children born per woman, have significantly been cut for educated women living in urban areas. Throughout the region, however, fertility remains stubbornly high, with an average of 5.
The slow decline in fertility in Africa will likely result in a rapidly growing population, with estimates showing that the region will become a much larger part of the world population. By 2060 there will be about 10 billion people in the world—5. 3 billion in the Americas, 0. 7 billion in Europe, and 0. 1 billion in the rest of the world. How will this population boom impact African countries?