Higher prices are also impacting food security in some countries 
WASHINGTON, Oct. 21, 2021—Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones.
View all episodes on our Tell Me How: The Infrastructure Podcast Series homepage
In this first episode of three on BigTech mergers, we discuss the impact of BigTech mergers and acquisitions on the market and on consumers; how should competition authorities think about developments in these markets if they seek to support competition and innovation?
This podcast series is produced by Fernando Di Laudo and Jonathan Davidar.
Listen to this episode on your favorite platforms: Amazon Music, Apple Podcasts, Google Podcasts, Podbean, and Spotify
Getting a job at a complex institution like the World Bank Group can be daunting. In this Behind
the Mission episode, you will have direct access to recruiters representing both the World Bank and IFC. They’ll demystify the job search, share their insights and tips, and also debunk common myths about the World Bank Group. Join us for the live conversation on October 26th!
ABOUT Behind the Mission: Working at the World Bank Group: Who are we? Where do we work? What do we do? Why join us? And, what’s it really like to work at the World Bank Group? In this series, our staff answer questions live about working for a unique global partnership as the World Bank Group, with 189 member countries, staff from more than 170 countries, and offices in over 130 locations. Watch our previous episodes Continue reading
On October 17 each year, the world marks the International Day for the Eradication of Poverty, 
colloquially known as End Poverty Day. It’s an important date given major setbacks registered recently across the globe in the fight against poverty, and the ever-growing challenges facing humanity.
The opening public event of this year’s Annual Meetings – Growth in a Time of Crisis: What’s Next for Developing Economies – delved into questions like these:
Two weeks ahead of a pivotal meeting on climate change (COP26), the Annual Meetings event Making Climate Action Count: Turning Ambition Into Reality brought together global leaders, prominent climate advocates and climate champions from several countries to discuss what the world needs to do to meet the goals of the Paris Agreement. Followed on social media with the hashtag #Voices4Climate, the event also took the audience on a virtual journey around the globe, showing how countries from Vietnam to Brazil are working towards a more sustainable and resilient future.
Expanding trade flows can be part of the solutions to global challenges, when accompanied by the right policies. World Bank President David Malpass and WTO Director General Ngozi Onkonjo-Iweala discussed how global trade has limited the extend of the current global recession and laid out the practical steps countries could take to spread the benefits of trade more widely. Trade costs, on average, are equal to a 114 percent tariff on imported goods in developing countries. Much of that burden on consumers is the result of inefficient border procedures and poor transportation infrastructure. Trade facilitation reforms and investment in infrastructure could give a big boost to trade within regions. Betty Maina, Kenya’s Minister of Industrialization, Trade and Enterprise Development, spoke of how trade liberalization is a central part of her country’s aspirations for incomes and development.
“Trade can be a powerful catalyst for growth and social economic development and poverty reduction, particularly if we implement it with the poor in mind,” Maina said.
Leaders from the public and private sectors discussed the importance of investments in logistics and expanding trade finance that could strengthen the contribution of trade to economic recovery, and noted the ways that trade could help developing countries mitigate and adapt to climate change.
The global economy is experiencing an uneven recovery, with the risk that it will worsen 
inequality and leave low- and middle-income countries behind. The path of the COVID-19 pandemic remains uncertain, with obstacles to vaccination in many countries. Developing economies face challenges that could slow their recovery for years to come. To help, the World Bank Group has mounted the largest crisis response in its history, and it is uniquely positioned to help ensure that all countries can participate in a green, resilient, and inclusive return to stability and growth.
How is the World Bank Group focusing on resilient recovery in the post-pandemic era? Every year during the Annual Meetings, the Civil Society Townhall provides an opportunity for civil society representatives to dialogue with the President and Bank leadership.
In the first virtual Civil Society Townhall held on October 12, World Bank Group President David Malpass will discuss the Bank’s efforts to protect human capital, address countries’ excessive debt burdens, and facilitate an inclusive, resilient recovery from COVID-19.
Join us for the remainder of the week for more live events, including discussions on Making Climate Action Count and Trade to the Rescue. Join His Royal Highness, the Prince of Wales, Janet Yellen, Ngozi Okonjo-Iweala, and many other experts as we continue with our 2021 World Bank Group/IMF Annual Meetings. Visit World Bank Live to join in the conversation or watch our previous sessions – where you can see discussions on ending the pandemic and promoting growth in a time of crisis, watch the Civil Society Town Hall or take advantage of a host of other resources available on demand.
Netherlands for the World Bank 
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