Baku is hosting the presentation of the 2024 World Development Report (WDR), the World Bank's annual global report, Trend reports.

This year’s report, titled "Middle Income Trap", offers an in-depth look at the challenges and opportunities faced by developing countries as they work to avoid the middle-income trap and move toward high-income status.

The event will focus on the key messages of the WDR, with particular attention given to Europe and Central Asia. Since Azerbaijan is a high middle-income country aiming for high-income status, the discussion is expected to be especially relevant. It will give policymakers and experts a chance to share ideas on economic development in Azerbaijan, exchange lessons learned, and consider the WDR’s findings and their implications for future policy.

The presentation will feature high-level plenary and panel discussions with representatives from the Azerbaijani government and senior World Bank officials. Distinguished participants include Ivailo Izvorski, Chief Economist for Europe and Central Asia; Asad Alam, Regional Director for Economic Development; Rolande Pryce, Regional Director for the South Caucasus; and Antonio Nucifora, Regional Manager for Economic Policy.

Will be updated