New York, USA, September 21, 2017//- The Global Financing Facility (GFF) in support of Every Woman Every Child launching its replenishment today on the margins of the United Nations General Assembly, with the goal of raising US$2 billion to expand the GFF to a total of 50 countries during the next five years.
Washington, USA, July 19, 2017—World Bank Group commitments to help developing countries take on poverty and boost opportunity reached nearly $59 billion in loans, grants, equity investments and guarantees in fiscal year 2017 (July 1, 2016 – June 30, 2017).
Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim today announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years.
Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year as obstacles to activity recede among emerging market and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers, the World Bank said in its latest report.
A coalition of more than 60 donor and borrower governments agreed today to ratchet up the fight against extreme poverty with a record $75 billion commitment for the International Development Association (IDA), the World Bank’s fund for the poorest countries.
World Bank Group President Jim Yong Kim says the world’s powers need to pay far greater attention to boosting developing economies and creating jobs in the most fragile countries in order to give more opportunity to people in those nations and to prevent future refugee crises.
Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth this year, says the World Bank Group’s latest Global Economic Prospects […]
World Bank Group President Jim Yong Kim has announced a broad strategy to end extreme poverty by 2030, and welcomed emerging players such as the Asian Infrastructure Investment Bank and the New Development Bank, established by the BRICS countries, as potentially strong allies in the economic development of poor countries and emerging markets.
The World Bank has projected 4.8 percent growth for Ghana this year, as against 3.9 percent estimate by the government.
THE world’s top football players, including Bayern Munich’s Ghanaian-born Jerome Boateng, Real Madrid’s Cristiano Ronaldo, Barcelona’s Neymar Jr., Chelsea’s Didier Drogba and Bayern Munich’s Philipp Lahm, are joining forces with global health experts to help raise global awareness in the fight against Ebola.
