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The World Bank
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.

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RECAP: 2021 World Bank Group/IMF Annual Meetings

Can we build a stronger recovery after COVID-19 and how do we best prepare for future shocks? US Treasury Secretary Janet Yellen, The Prince of Wales, Ngozi Okonjo-Iweala and a host of other global leaders shared their ideas at our Annual Meetings.

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A just transition

Helping Countries Move Toward Clean Energy Systems

Helping countries transition to clean energy systems while meeting growing energy demand is one of the greatest development challenges of our time. Energy used to power people's lives and boost economic activity, however, is also the greatest driver of climate change and the author highlights that transitioning away from coal is one of the most vital steps we can take to fight climate change. 

Our Mission

The World Bank Group has two goals,

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

Who we are


We engage the development community with real-world statistics

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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.


We support countries' poverty reduction strategies

What We Do


We provide analysis and advice for developing countries

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The World Bank


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.

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