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11 Jun 24
The global economy is expected to stabilise in 2024 for the first time in three years, but growth will be low by recent standards, according to the latest forecast by the World Bank.
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7 May 24
Affordable actions to change the global agrifood sector could see a dramatic drop in the world’s greenhouse gas emissions, a World Bank study has suggested.
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23 Apr 24
Vietnam could cement economic growth for the long term through infrastructure projects, the World Bank has said, as the country’s productivity begins a rebound from its sluggish 2023.
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19 Mar 24
Public spending on education in Laos has halved in the past decade, leading to the World Bank calling for an urgent uplift to avoid permanent damage to the country’s development and its young people’...
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5 Mar 24
Closing the gender gap in the workplace could encourage more women into work and provide a 20% boost to global GDP, the World Bank has said.
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15 Feb 24
The reconstruction and recovery of Ukraine is expected to cost close to $500bn, experts have warned – much higher than an initial estimate made last year.
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10 Jan 24
Depressed global growth could leave many developing countries with “paralysing” debt levels that restrict progress on international priorities such as climate change, the World Bank has said.
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15 Dec 23
Surging interest rates pushed the cost of servicing many of the poorest countries’ debts last year to a record $443.5bn, World Bank figures have shown.
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5 Dec 23
Investment programme to ‘prevent millions’ of climate-related deaths.
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29 Nov 23
Political leaders must commit to reform to aid economic recovery, says official
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24 Oct 23
Reform could push Romania’s national income up by nearly three times in 30 years, and it can do so while the government continues to meet its climate targets, the World Bank has insisted.
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13 Oct 23
“Understandable” frustration from the Global South because of an unfair economic system is risking progress towards a better world, the head of the World Bank has said.
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10 Oct 23
The central bank of Morocco has purchased two $100m sustainable development bonds from the World Bank as the region hosts the lender’s joint annual meeting with the International Monetary Fund.
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6 Oct 23
Declining growth in the Middle-East and North Africa will hit livelihoods and hurt long-term development, World Bank economists have said.
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3 Oct 23
Most countries in South Asia will not become ‘high-income’ economies within a generation because the region is not growing fast enough, according to the World Bank.
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15 Sep 23
One in six children worldwide lives in extreme poverty and at the current rate the commitment to reduce that to zero by the end of this decade will be missed.
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8 Sep 23
Providing emerging markets with $15bn of grants and concessional loans would help “unlock” offshore wind accelerating progress on net zero, the World Bank has said.
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9 Aug 23
A law restricting the rights of the LGBTQ+ community in Uganda undermines inclusion and has led to the World Bank suspending new loans.
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8 Aug 23
The Ecuadorian government is set to receive a $500m development loan from the World Bank to support climate mitigation and green economic development.
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18 Jul 23
Governments guaranteeing loans and a fund for countries in crisis are among plans for the World Bank to boost its lending power, as the bank’s new leadership faces up to its responsibilities amid...
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30 Jun 23
Ukraine is set to receive a $1.5bn concessional loan from the World Bank to fund reforms and support its continued response to the Russian invasion.
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19 Jun 23
Governments across the world will fail to fund the transition to net zero without reversing trillions of dollars of agriculture, fishing and fossil fuels subsidies, economists at the World Bank have...
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6 Jun 23
The world economy is “precarious” in the context of high interest rates, slow trade and huge debt pressures, the World Bank has said as it released its latest Global Economic Prospects report.
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6 Jun 23
The World Bank’s new president has been selected as member countries demand big reforms.
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24 May 23
Nations raised $95bn through carbon taxes and emissions trading systems last year, an increase of more than 10% on the $84bn raised in 2021, the World Bank said.