As the Annual Meetings came to a close in Lima, Peru, the focus was on obstacles to ending extreme poverty and boosting shared prosperity: climate change, weak global growth, and ongoing crises in fragile states. In its communiqué, the Development Committee of the World Bank Group and IMF said economic risks have risen for 2015 and 2016.Read More »

Residents try to resume their daily activities after Typhoon Haiyan devastated the city of Tacloban in the Philippines. © Dominic Chavez/World Bank
The World Bank Group will increase its climate financing to as much as $29 billion a year by 2020, with the support of its members.




The share of the global population that is working-age has peaked at 66% and is now on the decline. The share of the elderly is anticipated to almost double to 6% by 2050, while the global count of children is stabilizing at 2 billion.
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