This Country Climate and Development Report (CCDR) is a collaborative effort of the World Bank, IFC, and MIGA, produced by a core team led by Carole Megevand, Javier Diaz Cassou and Moez Cherif. Contributions and comments were received from Abel Paul Basile Bove, Amal Talbi, Adeel Abbas Syed, Ana Paula Fialho Lopes, Andrea Mariel Juarez Lucas, Andrew Burns, Antoine Bavandi, Asma Khouni, Ashok Sarkar, Brian James Walsh, Carolina Dominguez Torres, Chaymae Belouali, Christina Jutta Paul, Dario Quaranta, Dorra Berraies, Emma Renu Dalhuijsen, Eva Hasiner, Federica Marzo, Ghita Hannane, Gladys C. Lopez-Acevedo, Helena Munir Freih Al-Naber, Houcine Gabi, Jacqueline Marie Tront, Julie Aurelie Carles, Karima Ben Bih, Katharina Ziegler, Kimberly Vilar, Khalid Anouar, Luc Laviolette, Malika Azzazene, Marcelo Hector Acerbi, Manaf Touati, Mariem Malouche, Martijn Gert Jan Regelink, Martin Heger, Masami Kojima, Matina Deen, Mena Cammett, Meryem Benjelloun, Michiel Jean M Van Acoleyen, Monica Vidili, Nabil Samir, Nabila Gourroum, Nada Ahmed Salah Farid, Nadia Taobane, Nancy Lozano Gracia, Patrice Claude Charles Caporossi, Philipp Stefan Petermann, Paul Brenton, Rabah Ounissi, Rachel Chi Kiu Mok, Rajesh K. Advani, Reda Aboutajdine, Remi Trier, Sateh Chafic El-Arnaout, Safaa Bahije, Silvia Redaelli, Silvia Pariente-David, Sonya Larissa Sampson, Tu Chi Nguyen, Tendai Gregan, Viviane Wei Chen Clement, Vicky Chemutai, Xavier Reille and Yasmine Morchadi. Modeling exercises were carried out by Charl Jooste, Francis Dennig, Rafael de Sa Ferreira, Tom Remy, Javier Inon and Maryla Maliszewska.