Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020. Growth in emerging market and developing economies is expected to stabilize next year as some countries move past periods of financial strain, but economic momentum remains weak.
Representatives from four African countries today called for a balanced approach to growing debt vulnerabilities to help low-income African countries meet their commitments to lenders.
The Action Plan on Climate Change Adaptation and Resilience will be implemented starting June 30, 2021 through July 1, 2025.
Over 2 billion people live in Fragility, conflict and violence (FCV) countries, and it is expected that by 2030 nearly 50 to 60 percent of the world’s poorest people will live in areas affected by conflict.
The World Bank Group today announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action.
A sustained increase in oil prices over the past two years has driven an economic recovery in the Gulf Cooperation Council (GCC) countries, but government-led reforms need to continue to keep up the momentum, according to the World Bank’s biannual Gulf Economic Monitor released on Tuesday in Riyadh.
Poor quality health services are holding back progress on improving health in countries at all income levels, according to a new joint report by the World Health Organization (WHO), Organisation for Economic Co-operation and Development (OECD), and the World Bank Group.
