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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.
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.
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 Group - International Development, Poverty and …
3 days ago · With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions. world-bank:content-type/event Korea …
World Bank Group’s $157 Billion Pandemic Surge Is Largest Crisis ...
WASHINGTON, July 19, 2021 - In response to COVID-19 severely damaging the lives and livelihoods of millions of people in developing countries, the World Bank Group deployed over $157 billion to fight the pandemic’s health, economic, and social impacts over the last 15 months (April 1, 2020 – June 30, 2021). This is the largest crisis ...
World Bank Group Ramps Up Financing to Help Countries Amid …
WASHINGTON, April 19, 2022—The World Bank Group has announced that over the coming weeks it will be discussing with its Governors and Board of Executive Directors a 15-month crisis response financing package of around $170 billion to help countries address multiple overlapping crises. Of this, the Bank Group is working to provide an initial ...
World Bank Group Responds to Overlapping Crises with Nearly …
Jul 14, 2022 · “The World Bank Group has responded with urgency, scale, and impact. We have committed consecutive surges of financing, analytical support, and policy advice, first in response to the COVID-19 pandemic, and now to address the food crisis, the war in Ukraine, and its spillover effects.”
Global Economy Set for Weakest Half-Decade ... - World Bank Group
Jan 9, 2024 · As the world nears the midpoint of what was intended to be a transformative decade for development, the global economy is set to rack up a sorry record by the end of 2024—the slowest half-decade of GDP growth in 30 years, according to the World Bank’s January 2024 Global Economic Prospects report.
Modest Growth Forecast for Economies in the Middle East and …
WASHINGTON, October 16, 2024 — Growth continues to be subdued in the Middle East and North Africa (MENA) because of uncertainties heightened by the conflict in the region, says the World Bank in its latest semi-annual MENA Economic Update, entitled Growth in the Middle East and North Africa.