Ensuring a Strong Recovery for Developing Countries

At the close of the 2021 World Bank Group/IMF Annual meetings, we explore the immense global challenges discussed and the role the Bank Group will play in advancing a green, inclusive, and resilient recovery.

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Commodity Markets Outlook

Soaring Energy Prices Pose Inflation Risks

The World Bank’s latest Commodity Markets Outlook forecasts that energy prices—expected to average more than 80 percent higher in 2021 compared to last year—will remain at high levels in 2022 but will start to decline in the second half of the year.

ANNUAL MEETING EVENT

Making Climate Action Count

Climate change is one of the defining challenges of our age. Watch His Royal Highness, the Prince of Wales, Janet Yellen, and others discuss how country-led efforts are making a difference in the fight against climate change.

ANNUAL MEETING EVENT

Ending the Pandemic: The Road to an Inclusive Recovery

Watch a replay of Tedro Ghebreyesus, Ngozi Okonjo-Iweala and others making a powerful case for more equitable access to vaccines for developing countries

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The World Bank Group has two goals,

to end extreme poverty and promote shared prosperity in a sustainable way

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Data

We engage the development community with real-world statistics

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Forecast revisions to global growth in 2021, by vaccination progress

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Global growth in 2021 is projected to be more robust than previously envisioned. Rapid vaccination progress has contributed to forecast upgrades in many countries; however, this is concentrated primarily in advanced economies. For many EMDEs, renewed COVID-19 surges and limited vaccination have contributed to downward revisions to growth. Read More.

The global COVID-19 vaccination campaign will be the largest in history. The delivery of COVID-19 vaccines presents challenges unprecedented in scale, speed and specificities, especially in low- and middle-income countries. In November 2020, anticipating the availability of safe and effective vaccines for COVID-19, the World Bank together with WHO, UNICEF, the Global Fund, and Gavi rolled out readiness assessments in more than 100 low and middle-income countries. Read More

Data flows not only support trade in goods, making production and distribution more effective and less costly, but such flows are in fact the vehicle for trading digital services across borders. As trade in global digital services has increased dramatically in recent years, so have global data flows. The World Development Report 2021, Data for Better Lives finds that a combination of well-defined domestic personal data protection measures with relative ease of cross-border movements appears to offer the most favorable environment for international trade in data-enabled services.

Despite the COVID-19 pandemic, 27 economies in all regions and income groups enacted reforms to remove obstacles to women’s economic inclusion across all areas and increased good practices in legislation in 45 cases, according to the Women, Business and the Law 2021. The greatest number of reforms introduced or amended laws affecting pay and parenthood. Read more.

Results

We support countries' poverty reduction strategies

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Access the World Bank's portfolio of more than 12,000 development projects, including current and historical data since 1947.

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Neelaab, a 9-year-old second-grader in Afghanistan, a beneficiary of the Education Quality Improvement Program. Photo: © Abbas Farzami/ World Bank

Results That Change Lives

International Development Association (IDA)

Research

We provide analysis and advice for developing countries

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Access more than 200,000 publicly-available documents and reports.

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Essential Reading

World Bank Annual Report 2021

Groundswell Part 2: Acting on Internal Climate Migration

Global Economic Prospects 2021

Women, Business and the Law 2021

Topics

We help developing countries find solutions to the toughest global and local development challenges—from adapting to climate change to boosting food security to increasing access to energy.