At this very difficult time, we believe that the Annual Meetings also provide an opportunity for the international community to stand by Morocco and its people, who have once again shown resilience in the face of tragedy.
Domestic food price inflation remains high around the world. Information from the latest month between May and August 2023 for which food price inflation data are available shows high inflation in many low- and middle-income countries, with inflation higher than 5% in 52.6% of low-income countries, 86% of lower-middle-income countries, and 64% of upper-middle-income countries and many experiencing double-digit inflation.
This is only my third month as World Bank President, and I have been overwhelmed by the support, encouragement, and counsel that I have received. The World Bank was founded after a crucible of war and was designed to promote the economic foundations of peace – but on the bedrock of genuine international cooperation.
The World Bank and the Inter-American Development Bank (IDB) today announced a groundbreaking four-year partnership to drive stronger results for people in Latin America and the Caribbean.
The world is much different than it was when the World Bank was founded. We face declining progress in our fight against poverty, an existential climate crisis, food insecurity, fragility, a fledgling pandemic recovery, widening disparity, and a crippling war on the borders of Europe.
Following the earthquake of September 9, we express our full solidarity with the Moroccan authorities and people, and offer our condolences to the families of the victims. We also express our willingness to support Morocco in the best possible way
Digital technology can strengthen health systems, improve health financing and public health, and increase reach to underserved populations, according to a new World Bank report launched today.
A new World Bank report estimates that ten emerging global seaweed markets have a potential growth of up to $11.8 billion by 2030.
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