The World Bank and IFC’s Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19.
World Bank Group
World Bank Group President David Malpass’ has said at the 2019 UN High-Level Meeting on Universal Health Coverage (UHC) that accelerating progress toward Universal Health Coverage is critical to alleviating extreme poverty and boosting shared prosperity.
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.
Entrepreneurs in fragile, conflict and violence-affected countries face unique mental health challenges
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.