How countries can escape the "middle-income trap"

New World Development Report, lessons from Bosnia and Herzegovina If you're having trouble reading this message, [click here]( [“Middle-Income Trap” Hinders Progress in Developing Countries]( [“Middle-Income Trap” Hinders Progress in Developing Countries]( [More than 100 countries face serious obstacles that could prevent them from becoming high-income countries in the next few decades, shows the new World Development Report 2024.]( [READ REPORT]( Week’s Highlights [Lessons From Mostar for a Fragile World]( [Lessons From Mostar for a Fragile World]( [As Bosnia and Herzegovina continues to rebuild and develop its economy, it’s made the leap to become an IDA donor. This shows us what’s possible when the international community rallies behind a country emerging from conflict.]( [READ MORE]( [Now Is the Time to Help Countries Faced with Liquidity Challenges]( [Now Is the Time to Help Countries Faced with Liquidity Challenges]( [Higher debt service is making it harder to finance much needed investment in many countries. We need urgent action to boost fiscal space, maintain adequate international support, and reduce debt servicing costs.]( [LEARN HOW]( In Focus [Heat and Gender: Enhancing Her Resilience to Rising Temperatures]( [Heat and Gender: Enhancing Her Resilience to Rising Temperatures]( [Extreme heat is one of the deadliest natural hazards. But not everyone is impacted by heat equally—women bear a disproportionate burden of physical, social, and financial effects as temperatures rise.]( [FIND OUT MORE]( [How the Private Sector Can Create Jobs in Western and Central Africa]( [How the Private Sector Can Create Jobs in Western and Central Africa]( [In Western and Central Africa, 6 million youth enter the workforce annually, yet only about half a million new jobs are created. What’s the solution? A robust private sector.]( [LEARN MORE]( [The European Union's Deforestation Regulation: 4 Lessons from Peru]( [The European Union's Deforestation Regulation: 4 Lessons From Peru]( [With the EU’s new environmental requirements on imports of coffee, cocoa, and other commodities beginning later this year, the World Bank worked with Peru's government to craft a roadmap to ensure adherence.]( [SEE TAKEAWAYS]( News [World Bank Approves $600 million for Türkiye to Revive Micro Enterprises in Earthquake-Hit Areas]( [World Bank Backs Ethiopia's Reforms to Promote Sustainable and Inclusive Growth, Enhance Resilience, and Take Climate Action]( [“Middle-Income Trap” Hinders Progress in 108 Developing Countries]( [READ LATEST NEWS RELEASES]( Connect with us on social media! Accredited journalists may obtain advance access to reports and information by registering with the Bank's [Online Media Briefing Center]( a password-protected site for working journalists. Material in this newsletter is copyrighted. Requests to reproduce it, in whole or in part, should be addressed to pubrights@worldbank.org For more information visit our website: [worldbank.org](. [Access to Information]( [Privacy Policy]( [Unsubscribe from this list]( | [Update subscription preferences](