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