A quarter of developing nations are financially worse off than before the Covid-19 pandemic, the World Bank revealed. The organization's report, released today, highlights a significant setback for low-income countries. Many of these nations are located in sub-Saharan Africa.

The World Bank's analysis covers the six-year period ending in 2023. Botswana, Namibia, the Central African Republic, Chad, and Mozambique experienced negative economic shocks. South Africa and Nigeria also failed to increase average incomes during this time. Nigeria's rapidly growing population exacerbates the problem.

The report signals a slowdown in global growth since the pandemic. Sub-Saharan Africa is particularly affected. The findings may prompt revised economic forecasts and potential aid adjustments from international bodies.

The Covid-19 pandemic disrupted global supply chains and economic activity. Developing nations often lack the resources to effectively respond to such crises. The World Bank will likely issue further recommendations to address these economic challenges.