News - World Bank Group
Oct 13, 2024 · Find out the latest news and highlights from the World Bank Group, covering topics such as business climate, South Asia, pandemic preparedness, climate finance, food security, and more. Access press releases, opinions, events, multimedia, and …
All News - World Bank Group
We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.
Risk of Global Recession in 2023 Rises Amid ... - World Bank Group
Sep 15, 2022 · As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies that would do them lasting harm, according to a comprehensive new study by the World Bank.
World Bank Announces New Steps to Add Billions in Financial …
The World Bank is taking bold new steps to increase its lending capacity, a major boost in firepower that will give millions of people a chance to escape poverty and improve their lives.
World Bank Group’s $157 Billion Pandemic Surge Is Largest Crisis ...
Jul 19, 2021 · The World Bank Group deployed over $157 billion to fight COVID-19's health, economic, and social impacts in developing countries from April 2020 to June 2021. This is the largest crisis response in its history and includes grants, …
Global Economy Set for Weakest Half-Decade ... - World Bank Group
Jan 9, 2024 · The World Bank forecasts that global growth will slow to 2.4% in 2024, the weakest half-decade in 30 years, amid geopolitical tensions, sluggish trade, and high borrowing costs. It urges developing countries to boost investment and fiscal policy to spur growth and achieve development goals.
World Bank Group Ramps Up Financing to Help Countries Amid …
Apr 19, 2022 · The World Bank Group announces a 15-month crisis response financing package of around $170 billion to help countries amid multiple crises, including the pandemic, inflation, and the war in Ukraine. The package includes analytical work, policy advice, and fast-track response to protect the poor and vulnerable and restore development momentum.
World Bank Group - International Development, Poverty and …
The World Bank's inaugural Business Ready report finds that implementation gaps are hindering the business climate in 50 economies and provides a roadmap for change.
Global Community Steps Up with $93 Billion Support ... - World …
Dec 15, 2021 · The World Bank announced a $93 billion replenishment package of the International Development Association (IDA), its fund for the poorest countries, to support their recovery from COVID-19 and build a greener, more resilient, and inclusive future. The funding includes $23.5 billion in donor contributions and will benefit 74 countries, with 70 percent going …
Global Economy on Precarious Footing Amid High Interest Rates
Jun 6, 2023 · The World Bank's latest report projects global growth to slow to 2.1% in 2023, with EMDEs facing financial stress and low-income countries in debt distress. The report analyzes the impact of high interest rates, inflation, and spillovers …