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Gas Flaring

Global Gas Flaring Falls to Lowest Level Since 2010

Progress in reducing gas flaring resumed in 2022, with gas flared worldwide falling by 5 billion cubic meters (bcm) to 139 bcm, its lowest level since 2010, according to new satellite data compiled by the World Bank's Global Gas Flaring Reduction Partnership (GGFR). Three countries, Nigeria, Mexico, and the United States, accounted for most of the decline in global gas flaring in 2022. Two other countries—Kazakhstan and Colombia— stand out for consistently reducing flaring volumes in the last seven years.

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World Bank Live

The Way Forward: A Conversation with Mohamed El-Erian

How can developing countries address rising interest rates, depreciating currencies, and stagnant growth? What can central banks and other financial institutions do to manage these crises? World Bank Group President David Malpass and President of Queens' College, Cambridge University, Mohamed El-Erian will have a conversation about global macroeconomic trends and their effects on development. Join us April 5 at 9:30am EDT for the conversation. 

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Economic Updates

East Asia and Pacific Regional Economic Update: Reviving Growth

The latest Economic Update for the East Asia and Pacific region, launched on March 31, shows the region has recovered from the recent shocks and is growing. However, output remains below pre-pandemic levels in many countries and inflation remains higher than target ranges in some countries. Read more here

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In 2022, the global average score on the World Bank’s Women, Business and the Law index rose just half a point to 77.1—indicating women, on average, enjoy barely 77 percent of the legal rights that men do. At the current pace of reform, in many countries a woman entering the workforce today will retire before she will be able to gain the same rights as men, the report notes. This year, 18 countries enacted 34 reforms, the lowest number of reforms in 20 years. But more than half of all reforms captured were implemented in the Sub-Saharan Africa region by seven economies. Learn More.


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