The word “stagflation” is a combination of “stagnation” and “inflation.” Left unchecked, it can lead to greater inequality and can increase poverty.
Watch our series "Since you asked" 💬 to learn more:
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This financing will help repair bridges and railways in #Ukraine and contribute to #SolidarityLanes—relinking communities and improving westward transport linkages that will bolster the country's economy and restore essential services to its population.
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Today @WorldBank announced $50 million in financing to repair and restore #Ukraine’s bridges and railways, which are crucial for supporting humanitarian relief and recovery as well as increasing the country's import and export corridors: wrld.bg/AEoo50MPf8C
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#Pollution causes the deaths of 9 million people each year. It makes its way into the air we breathe, the food we eat, and our oceans.
Learn more: wrld.bg/iBTh50MOIIJ #BeatPollution
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"The impact of climate change is obviously reflected on the frequency and intensity of a natural disaster, which further impacted our primary sector for economic development." Tiofilusi Tiueti, Tongan Minister for Finance.
🎧 #DevelopmentPodcast: wrld.bg/jfNG50MOINJ
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Below ⬇️: the 10 countries with the highest food price inflation in the latest assessment. wrld.bg/b8UZ50MOIOR
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In #Indonesia, is working to improve sanitation by:
✔️promoting inclusive citywide sanitation strategies
✔️identifying financing for sanitation infrastructure
✔️increasing the capacity of sanitation service operators
More: wrld.bg/QXla50MOu0v
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Recent climate change-induced disasters like this year’s heatwave & devastating floods are a stark reminder that investing in climate resilience is an imperative for #Pakistan. Read the new Pakistan #ClimateAndDevelopment Report: wrld.bg/vPJK50MOJZq #PakistanCCDR
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This assistance will be crucial in meeting #Türkiye’s relief and reconstruction needs following these horrific earthquakes. has also begun a rapid damage assessment to estimate the magnitude of the disaster and identify priority areas for support.
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Today @WorldBank announced $1.78 billion in initial assistance to help relief and recovery efforts following devastating earthquakes and aftershocks in #Türkiye. Learn more here: wrld.bg/LqUX50MOAAh
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Small-island states face high climate risk and a unique set of challenges. That’s why is focused on systemic solutions to protect the most vulnerable people: wrld.bg/TseE50MOIqy #IDAworks #COP27 #ClimateActionWBG #SIDS
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Warm meeting with Minister .
We discussed the situation in Türkiye, our coordination with Germany on responding to the food crisis and increasing social protection, the need for debt action, and the Group’s evolution.
Readout: wrld.bg/uwRs50MOBC1
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The is announcing $1.78 billion in support for Türkiye following this week's devastating earthquakes.
We are preparing a rapid assessment of the urgent and massive needs on the ground to identify priority areas for recovery and reconstruction.
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Big boost to economic development if African firms can easily join regional and global supply chains. The African Continental Free Trade Agreement is changing the game:
🌍 54 countries
🧑🏿🤝🧑🏿 1.3B people
💰 $3.4 trillion GDP
blog:
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Fertilizer prices have declined from their peak in early 2022 but are still at historically high levels. Much of the decline is due to weak demand caused by problems with affordability and availability.
Learn more in our latest #FoodSecurity update: wrld.bg/NpLu50MNE2A
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Very pleased to share that the Treasury priced a USD 5 billion 7-year #SustainableDevelopmentBond. Investors’ support for #sustainabledevelopment activities is critical as we work to boost resilience & support the poor and vulnerable.
worldbank.org/en/news/press-
#WB_Bonds
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"70% of emerging market develop economies experienced outright investment contractions."
Ayhan Kose, Director of Prospects Group, discusses the latest economic outlook on #ExpertAnswers: wrld.bg/cowK50MNEW7
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No girl child should be constrained from receiving an education because of natural physiological occurrences. How a project in #Kenya is helping ensure uninterrupted school attendance by girls:
wrld.bg/XIwh50MNENP #IDAworks
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On our latest #DevelopmentPodcast we explore the impacts of this year’s grim economic forecast, specifically for small states – countries with 1.5 mill people or less–. How can they recover for a more #resilientfuture?
🎧 Listen here: wrld.bg/aL8E50MNE2V
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📅 Tue., Feb. 14 | 10:30 – 12:00pm ET
sits down with , President to discuss how developing countries can leverage trade for development as some countries raise new barriers to trade. Tune in!
wrld.bg/8Vn150MNEVq
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Even though #cities in lower-income countries contribute much less to global GHG emissions, if they don’t act fast enough to moderate their emissions trajectories, there can be no successful global achievement of net zero by 2050. Learn more: wrld.bg/1WPF50MNEUA
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The word “stagflation” is a combination of “stagnation” and “inflation.” Left unchecked, it can lead to greater inequality and can increase poverty.
Watch our series "Since you asked" 💬 to learn more:
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Feb. 14 | 10:30 – 12:00pm ET
How can developing countries navigate the new trade environment and capitalize on opportunities for resilient and inclusive growth? Join us! wrld.bg/ecsg50MNbqu #TradeForGrowth
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📈Latest from the monthly #PinkSheet:
🗜️ Metal prices gained 6.0% in January, following a surge in tin (+16.5%), iron ore (+9.3%), and copper (+7.9%). Precious metals increased 4.9%, led by gold.
More info in our latest blog:
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DYK that financial inclusion can drive progress towards other global development goals, such as improving #FoodSecurity and #healthcare?
Here are 5 things you may not know about #FinancialInclusion. 👇
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The escalating food crisis demands a response tailored to the specific needs of each country. The innovative GAFS dashboard consolidates country-level data to guide decision-making. gafs.info/map/
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The #pandemic created a massive loss in the human capital of young people at a critical time of their lifecycle. The cost of inaction is high and the time to act is short.
How can countries #InvestInPeople? Join us for a discussion on Feb 16 | 9AM EST:
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When children can't read, learning feels out of reach. The #LearningCrisis is a global challenge, but not an impossible one.
Governments can help ensure every child learns. Check our immersive story: wrld.bg/kehV50MNo2N
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Almost all low and middle-income countries, and 86% of high-income countries, now experience high food price inflation.
More in our latest #FoodSecurity Update: wrld.bg/Azii50MLRiU
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"The main reason small states were really hard hit by COVID was tourism. People were fearful of traveling, but also these countries shut their borders for a long time." Dana Vorisek, Sr Economist.
🎧 Listen now to the #DevelopmentPodcast! wrld.bg/vOpQ50MLRgk
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Hydrogen is expected to grow 7-fold to support the global #energy transition. A new report from and uses new data to estimate the amount & overall footprint of #CriticalMinerals needed to scale up hydrogen. wrld.bg/EB3c50MLRbV #ReThinkingEnergy
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Calling all young change-makers across the globe! Share a local solution to address fragility, violence and conflict, climate change, or financial insecurity that can have a global impact as part of the 2023 #WBGYouthSummit: wrld.bg/5xiL50MLPVZ
📅 Apply by: March 3
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The #PandemicFund approved $300 million for its first round of funding to help eligible countries prepare for future pandemics! #InvestInHealth #PandemicPreparedness
Submit your Expression of Interest by Feb 24th: wrld.bg/9fAI50MLPgb
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Good talks with President Akihiko Tanaka on the huge importance of providing assistance for the people of Türkiye & Syria.
I also noted the need for action on critical debt issues affecting developing countries, including at the upcoming & summits.
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By 2030, the world could face a 40% shortfall in freshwater supply. 💧 Find out what countries can do now to build resilience: wrld.bg/KHwm50MLOfM #ClimateStories_WBG #WhatTheFutureHasInStore
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Strong #HealthSystems connect preparedness with health service delivery and are built on a foundation of robust primary health care. #InvestInHealth
Blog by Global Director for Health, Juan Pablo Uribe:
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What happens when early childhood development meets women’s economic empowerment?
Investing in both can lead to increased growth, reduction in poverty rates, and improved household well-being: wrld.bg/hklK50MLQoB
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"The impact of climate change is obviously reflected on the frequency and intensity of a natural disaster, which further impacted our primary sector for economic development." Tiofilusi Tiueti, Tongan Minister for Finance.
🎧 #DevelopmentPodcast: wrld.bg/pxeX50MLNcv
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How is your country’s #education system recovering from learning losses of the COVID-19 pandemic & what more can it do to prepare young ppl for the jobs of the future?
Join our & Youth Blog Competition 2023: wrld.bg/cLVI50MLQXI #RecoverEducation
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Big boost to economic development if African firms can easily join regional and global supply chains. The African Continental Free Trade Agreement is changing the game:
🌍 55 countries
🧑🏿🤝🧑🏿 1.3B people
💰 $3.4 trillion GDP
blog:
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Below ⬇️: the 10 countries with the highest food price inflation in the latest assessment. wrld.bg/bzHW50MKGVY
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