The World Bank Group, including IFC and MIGA, is prepared to deploy up to $160 billion over the next 15 months to support COVID-19 measures that will help countries respond to immediate health consequences of the pandemic and bolster economic recovery and growth.
The World Bank Group and International Monetary Fund (IMF) have called on all official bilateral creditors to suspend debt payments from IDA countries that request forbearance.
Urgent action is needed in countries impacted by fragility, conflict and violence (FCV) to end extreme poverty globally, according to the World Bank Group.
The World Bank Group on Wednesday announced that it is mobilizing up to US$300 million to scale up support for the global response to the Ebola epidemic in the Democratic Republic of Congo (DRC).
Growth for Sub-Saharan is projected to strengthen to 3.1 percent in 2018 and to 3.5 percent in 2019, below its long-term average. Global economic growth will remain robust at 3.1% in 2018 before slowing gradually over the next two years, according… Read More ›
