Africa: From Wealth to Inclusion - Pathways for Poverty Reduction and Middle-Class Expansion in Equatorial Guinea

Africa: From Wealth to Inclusion - Pathways for Poverty Reduction and Middle-Class Expansion in Equatorial Guinea

Press Release - new report from the World Bank Group finds that Equatorial Guinea stands at a decisive moment. The Equatorial Guinea Poverty and Equity Assessment, the first of its kind, finds that, in spite of the oil wealth that transformed this country into an upper-middle-income economy and one of the richest economies in Sub-Saharan Africa, nearly half of the population still lives in poverty according to the national poverty line. As oil r…