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.
World Development Report 2018 calls for greater measurement, action on evidence
WASHINGTON, September 26, 2017 – Millions of young students in low and middle-income countries face the prospect of lost opportunity and lower wages in later life because their primary and secondary schools are failing to educate them to succeed in life. Warning of ‘a learning crisis’ in global education, a new Bank report said schooling without learning was not just a wasted development opportunity, but also a great injustice to children and young people worldwide.
Official opening of the IMF/World Bank Annual Meeting press conference by President Jim Yong Kim.
NEW YORK, September 20, 2017 – United Nations Secretary General António Guterres and World Bank Group President Jim Yong Kim today announced plans to accelerate the flow of finance for climate action through a new platform dedicated to identifying and facilitating transformational investments in developing countries.
Aspirations are rising as never before across the world, thanks in large part to smartphones and the internet — will they be met with opportunity or frustration? As President of the World Bank Group, Jim Yong Kim wants to end extreme poverty and boost shared prosperity. He shares how the institution is working to improve the health and financial futures of people in the poorest countries by boosting investment and de-risking development.
WASHINGTON, June 4, 2017— The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies.
According to the World Bank’s June 2017 Global Economic Prospects, growth in advanced economies is expected to accelerate to 1.9 percent in 2017, which will also benefit the trading partners of these countries. Global financing conditions remain favorable and commodity prices have stabilized. Against this improving international backdrop, growth in emerging market and developing economies as a whole will pick up to 4.1 percent this year from 3.5 percent in 2016.
- The Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund, issued a communiqué at the close of the institutions’ Spring Meetings in Washington.
- They said the World Bank Group retains an essential role in helping ensure that growth is sustainable, with benefits that reach everyone and help reduce poverty and inequality.
- On the urgent issues of famine and forced displacement, the committee cited both “efforts to mobilize and rapidly disburse support for countries, communities, and refugees” and the importance of “investing to address the root causes and drivers of fragility and helping countries build institutional and social resilience.”
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Date: Thursday, April 20th, 2017
Time: 8:30 am – 9:30 am ET/ 12:30 – 13:30 GMT
Location: International Monetary Fund & Online
Follow the event on Twitter with #Productivity4Growth
Date: Thursday, April 20th, 2017
Time: 9:30 am – 11:00 am ET/ 13:30 – 15:00 GMT
Date: Tuesday, April 11th, 2017
Time: 6:30 – 8:00 pm (London) /17:30 – 19:00 GMT/ 1:30 pm – 3:00 pm ET
Location: London School of Economics, London
In a speech ahead of the World Bank Group-International Monetary Fund Spring Meetings, World Bank Group President Jim Yong Kim will address the need for a new approach to development finance to meet the aspirations of the world’s 7 billion people and make this generation the first in history to end extreme poverty.