As we prepare for the upcoming IMF-World Bank Group Annual meetings, the impacts of the
ongoing economic crisis continue to bear down on nearly all facets of the global economy – pushing more people into poverty and impacting lives and incomes around the world. The pandemic has forced roughly 70 million more people into extreme poverty and global median incomes declined for the first time since measurements began in 1990.
Further complicating these global development challenges are the effects of the high food, fuel, and fertilizer prices rippling through the supply chains of an interconnected world, creating global disruptions and battering incomes and livelihoods – especially among the poorest and most vulnerable populations around the globe.
Despite expectations that growth will be robust in the near term, developing countries face challenges to keep up the pace of progress and ensure inclusive, sustainable growth amid structural changes to the global economy. The World Bank Group is uniquely placed to address global challenges and help countries achieve their goals in today’s increasingly complex development landscape.
Netherlands for the World Bank 
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