Online Media Briefing Center (OMBC) news for accredited journalists
Highlights
The report, Radical Debt Transparency, shows that while the proportion of low-income countries publishing some debt data has grown from below 60% to more than 75% since 2020, only 25% disclose loan-level information on newly contracted debt.
Flows of foreign direct investment (FDI) into developing economies—a key propellant of economic growth and higher living standards—have dwindled to the lowest level since 2005 amid rising trade and investment barriers.
Ireland’s new pledge, announced Thursday on the sidelines of the World Bank-IMF Spring Meetings, augments its initial commitment to IDA’s 21st replenishment (IDA21).
“With the expanded membership, we are mainstreaming this work across our operations and tying it directly to the jobs agenda that is driving our strategy,” said World Bank Group President Ajay Banga.
The report shows that all large middle-income economies have now either implemented or are considering direct carbon pricing, with emissions trading systems (ETSs) accounting for most of the new and planned instruments.
Faltering economic growth is coinciding with ample oil supply in ways that are expected to drop global commodity prices to their lowest level of the 2020s, according to the World Bank’s latest Commodity Markets Outlook.
Here are the latest bi-annual regional economic updates to explore the macro development trends in Africa, East Asia and the Pacific (coming soon), Europe and Central Asia, Latin America and the Caribbean, the Middle East and North Africa, and South Asia.
Domestic food price inflation remains high in most low- and lower-middle-income countries.
