WASHINGTON, December 1, 2023 – With an ambitious financing package announced at COP28, the World Bank Group is helping people in developing countries better withstand the devastation of climate change and create a better world for their children and grandchildren. ...
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Instability, inflation and the ‘polycrisis’ – the Global Risks Report half a year on
WASHINGTON DC, October 15, 2023 – At the start of 2023, the World Economic Forum published its Global Risks Report – a major survey assessing the biggest risks to the world – in which it concluded humanity was facing a ‘polycrisis’. Economic, ...
Read More »World Bank Announces Historic Collaboration Between Multilateral Development Banks
WASHINGTON DC, October 13, 2023 – The World Bank is bolstering its collaboration with nine Multilateral Development Banks (MDBs) to fast-track solutions that can change the lives of people in developing countries. Stronger engagement with MDBs is a key element ...
Read More »Trade Facilitation Measures most commonly needing implementation assistance spotlighted
WASHINGTON DC, October 5, 2023 – Based on notifications from developing members and least-developed country (LDC) members, five measures in the Trade Facilitation Agreement (TFA) have been identified where assistance has been most commonly requested for implementation for the next ...
Read More »Global Economy on Precarious Footing Amid High Interest Rates
WASHINGTON DC, June 12, 2023 – Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% ...
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