In a stark warning, the World Bank has unveiled a damning report highlighting the deteriorating economic conditions in conflict-affected countries, where the specter of war continues to thwart development and plunge millions into poverty. As global conflicts triple in frequency, the report reveals that these fragile economies face an uphill battle, exacerbated by the fallout from the COVID-19 pandemic, the Russian invasion of Ukraine, and soaring inflation rates.

The report, presented by Ihan Kosa, Deputy Chief Economist of the World Bank Group, underscores an alarming disparity: while emerging markets show signs of recovery, those embroiled in conflict are sinking deeper into despair. “Unless we resolve the conflict, it is virtually impossible to foster economic growth,” Kosa stated, emphasizing that peace is the cornerstone of any recovery effort.

With 39 nations classified as fragile and conflict-affected, urgent priorities emerge. The immediate need is to establish stable governance and legal systems to attract investment and create jobs. The report highlights that in some regions, population growth outpaces job creation, leading to dire consequences for the youth. In many of these countries, children miss years of schooling, and food insecurity rates soar to alarming levels, with 18% of the population suffering from acute hunger.

The Democratic Republic of Congo, rich in natural resources yet plagued by violence, exemplifies the report’s findings. As peace talks between the government and rebel groups unfold, the stakes remain high. A successful resolution could pave the way for recovery, but the window of opportunity is closing fast.

The World Bank calls for a coordinated global response, urging international support to build resilient institutions and foster economic stability. As the world watches, the message is clear: unless urgent action is taken, the cycle of conflict and poverty will continue to ensnare millions, threatening not just local stability but global security.