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The World Bank is a global development institution that works to reduce poverty and increase shared prosperity around the world. The World Bank provides news, articles, and videos about its work, projects, and global initiatives. News: The World Bank regularly provides news about its initiatives, projects, and progress in reducing global poverty and increasing shared prosperity. The World Bank news page is updated on a regular basis with the most recent stories and announcements. Articles: The World Bank publishes a range of articles on a variety of topics related to global development and poverty reduction. These articles are written by World Bank experts and provide an in-depth look at a range of issues related to the organization’s work. Videos: The World Bank produces a range of videos which provide an insight into the organization’s work around the world. These videos cover topics such as poverty reduction, education, healthcare, and economic growth.
from Dean Baker The World Bank came out with its updated projections for economic growth for 2025. They showed slower growth for pretty much the whole world. The main factor in the slowing is the tariffs that the Trump administration has imposed on most of our trading partners, as well as their retaliation. Perhaps not surprisingly, the…
UN climate talks host nations are concerned about climate funding. Developed nations need funds to switch to renewable energy. Rich nations agreed to increase climate finance. But the amount is inadequate. Azerbaijan and Brazil launched an initiative to address the shortfall. Some lenders are reluctant to discuss climate. The US urges focus on dependable technologies.
LONDON (Reuters) -The World Bank is urging "radical" debt transparency for developing countries and their lenders to stave off future crises, it said in a report released on Friday. The Bank wants to broaden the depth and detail of what sovereign countries disclose regarding new loans, as more of them enter complex, off-budget borrowing deals due to global market turmoil. "When hidden debt surfaces, financing dries up and terms worsen," World Bank senior managing director Axel van Trotsenburg said in a statement, adding: "Radical debt transparency, which makes timely and reliable information accessible, is fundamental to break the cycle."
The World Health Organization, the Organisation for Economic Co-operation and Development, and the World Bank, have consistently emphasized that investing in prevention can yield returns of two to five times per dollar spent, in both reduced healthcare costs and economic losses from people getting sick.
THE PHILIPPINES is still classified as a lower middle-income country after just missing the threshold to achieve upper middle-income country (UMIC) status, according to the World Bank. The World Bank’s latest country income classification showed the Philippines posted a record gross national income (GNI) per capita of $4,470. This was higher than its GNI per […]