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16 Sep 22
Central banks raising interest rates to slow inflation risk “devastating” the lives of people in poorer countries if their actions push those countries into recessions, World Bank president David...
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13 Apr 22
Governments have been urged to take action against the concentration of wealth and income in a small section of the global population, creating inequality and fuelling inflation.
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13 Jan 22
Global growth is slowing amid renewed waves of Covid-19 cases and high inflation, the World Bank’s latest Global Economic Prospects report has warned.
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12 Jul 21
Climate change mitigation policies need to take into account a country’s level of development and poorer countries’ economies must still be allowed to grow, World Bank president David Malpass has...
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15 Dec 20
The global debt crisis is making it difficult for development banks to help countries through the pandemic, with money going to creditors rather than public services, the World Bank’s managing...
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9 Apr 19
A former US Treasury official nominated by US President Donald Trump has been appointed as the new president of the World Bank Group.