World Bank

World Bank downgrades global growth forecasts, poorest countries hardest hit

The World Bank has lowered its expectations of global economic growth for this year in a new report. It says that, although the picture for poorer countries is expected to stabilize in 2020, economic momentum remains weak.

IMF cuts global growth outlook, but predicts pick up later in 2019

The outlook for global growth is at its lowest since the financial crisis, but expected to pick up in the second half of 2019, the International Monetary Fund reported on Tuesday, so long as “policy missteps that could harm economic activity” are avoided.

News in Brief 9 January 2019

  • ‘Relative calm’ in Yemen port cities following UN-backed ceasefire agreement
  • ‘Storm clouds brewing for global economy’: World Bank
  • ILO celebrates 100 years of advancing social justice
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World Bank President steps down, Chief Executive assumes temporary role

The President of the World Bank, Jim Yong Kim, announced on Monday that he is stepping down, after more than six years in the role. Kristalina Georgieva, CEO of the World Bank CEO, will assume the role of interim President, from 1 February.

Acute lack of funding threatens critical aid for Palestinians : UN agency

Despite major fundraising efforts, UNRWA – the UN agency tasked with providing life-saving support to Palestinian refugees – is facing the “largest ever reduction in funding” in its history which is threatening the very existence of many of its critical assistance programmes.

New health board aims to break ‘cycle of panic and neglect’ on pandemics

A group of international experts has been tasked with helping the planet to better prepare for outbreaks, pandemics and other emergencies that have an impact on health.

In Washington D.C., Guterres signs pact with World Bank, meets US President Trump

The United Nations and the World Bank Group on Friday signed an agreement to work closer together to help countries implement the 2030 Agenda for Sustainable Development and achieve measurable results to transform their economies and societies.

News in Brief 13 December 2017 (AM)

Half the world lacks access to “essential health services”

At least half of the world’s population lacks access to essential health services, with around 100 million people forced to live in “extreme poverty” due to the cost of health care.

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News in Brief 05 October 2017 (PM)

Security Council: Mali mission chief calls for redoubling of peace efforts

Parties to the peace agreement in Mali are being asked to redouble their efforts to achieve peace in the North-West African country.

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Global education facing “learning crisis” warns World Bank

Millions of students in low- and middle-income countries face a “learning crisis” that is widening inequality, destroying opportunity and strangling economic growth.

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