The World Bank on Friday released its 2023 Logistics Performance Index (LPI) report, urging developing economies to boost their economic growth through improvements in logistics for goods transportation.
The report is a measure of countries’ ability to move goods across borders with speed and reliability.
This was contained in a statement issued by the World Bank’s Online Media Briefing Centre on Saturday in Abuja.
The statement said the 7th edition of Connecting to Compete, the LPI report, came after three years of unprecedented supply chain disruptions during the COVID-19 pandemic when delivery times soared.
It said the LPI, which covers 139 countries, measures the ease of establishing reliable supply chain connections and the structural factors that make it possible.
“This includes the quality of logistics services, trade- and transport-related infrastructure, and border controls,” the report said.
The statement quoted Mona Haddad, Global Director for Trade, Investment, and…
