Tag Archives: WTO

Joint Statement: The Heads of the World Bank Group, IMF, WFP, and WTO Call for Urgent Coordinated Action on Food Security

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  • Proposed actions to help vulnerable countries include providing emergency food supplies and deploying financial support to households and countries; facilitating unhindered trade; investing in sustainable food production and nutrition security.
  • Leaders call on the international community to support vulnerable countries through grants to cover urgent financing needs.

WASHINGTON, 13 April 2022— The Heads of the World Bank Group (WBG), International Monetary Fund (IMF), United Nations World Food Program (WFP), and World Trade Organization (WTO) today called for urgent action on food security. World Bank Group President David Malpass, IMF Managing Director Kristalina Georgieva, WFP Executive Director David Beasley and WTO Director General Ngozi Okonjo-Iweala issued the following joint statement ahead of the Spring Meetings of the IMF and World Bank Group next week:

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Solving the vaccination gaps

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Widespread access to COVID-19 vaccines is critical for development. The world is currently vaccines_dm_blog_shutterstock_1905454567_herofaced with heavy COVID-19 caseloads, high death rates, and related reversals in development. Vaccinations appear to be the best single development investment available. Access is achievable, but urgent action is needed.

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Beyond Infrastructure: Trade Facilitation Priorities for the Belt and Road Initiative

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Countries participating in the Belt and Road Initiative face a major challenge in bri_mapfacilitating trade. While large investments in trade-related infrastructure capture global headlines, transaction costs generated by inefficient border clearance and trade-related regulatory requirements are one of the major policy risks facing the BRI.

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New Trade Information Portal Improves Transparency in Vietnam

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STORY HIGHLIGHTS Ho Chi Minh City, Saigon River

  • With support from the World Bank Group, Vietnam is improving trade facilitation with the recently launched trade information portal aimed at generating more trade and investment
  • The Vietnam Trade Information Portal makes it easier and less costly for the private sector to move goods and services
  • With the launch of the trade portal, Vietnam is moving towards full compliance with the World Trade Organization Trade Facilitation Agreement to make trade-related information accessible to the private sector
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TCdata360: A Big Addition to the World of Open Trade & Competitiveness Data

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WASHINGTON, January 9, 2017—The inequalities that make some countries poorer than trade-data360-frontothers include inequalities of information. To make sound decisions on economic development, policymakers need reliable and—just as important—readily accessible data. That is the concept underlying a new World Bank Group platform called TCdata360, an open platform for trade and competitiveness data from inside and outside the World Bank Group.

TCdata360 combines vetted datasets from more than 20 organizations—including the Bank Group, United Nations, World Trade Organization, World Economic Forum, and Organization for Economic Cooperation and Development—in an interactive, easy-to-use platform.  Busy policymakers, development practitioners, academics, and industry specialists can use the site to access, compare, and download timely data on some 2,000 indicators related to a wide variety of trade and competitiveness topics such as trade logistics, global value chains, investment climate, entrepreneurship, and the cost of business operations.

TCdata360 provides snapshots of countries’ economic performance on key indicators. 

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