The current oil market landscape contrasts significantly with the conditions during the 1970s price shocks. Then, the global economy heavily relied on oil, and OPEC countries, along with its…
Global growth is projected to slow for the third year in a row while developing economies are projected to grow just 3.9%, as the newly launched Global Economic Prospects report lays out.
Understanding and building Indigenous resilience to climate change in South Asia
Since COP27 in Egypt last year, the World Bank has been working hard to implement recommendations in our flagship Country Climate and Development Reports (CCDR).
Our common future depends on water. We need water to eradicate poverty, promote green growth, and build more equitable societies. But climate change is exacerbating water scarcity and pollution,…
Many Caribbean countries simply do not collect data to measure and monitor poverty and inequality.
In response to the COVID-19 pandemic, policy makers across the globe unleashed unprecedented amounts of fiscal stimulus to counter the sharpest decline in global growth.
On 7 July 2023, after two weeks of intense negotiations, the member states of the International Maritime Organization (IMO) unanimously agreed to reach net-zero GHG emissions from international…
In the average LIC, government debt has risen since 2011 by 30 percentage points of GDP to 67 percent of GDP in 2022—its highest levels (outside 2020) since 2005.
Blue Ports support the sustainable use of ocean resources for economic growth, improved livelihoods, and healthy ocean ecosystems. The World Bank has looked at the potential of this model in five…