Online Media Briefing Center (OMBC) news for accredited journalists
The World Bank Group announced today a months-long global tour for new president Ajay Banga, an early step in his mission to write a new playbook for the 78-year-old institution.
Domestic food price inflation remains high around the world. Information from the latest month between January 2023 and April 2023 for which food price inflation data are available shows high inflation in most low- and middle-income countries, with inflation higher than 5% in in 70.6% of low-income countries, 81.4% of lower-middle-income countries, and 84% of upper-middle-income countries, with many experiencing double-digit inflation.
The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023.
Global commodity prices are expected to decline this year at the fastest clip since the onset of the COVID-19 pandemic, clouding the growth prospects of almost two-thirds of developing economies that depend on commodity exports, according to the World Bank’s latest Commodity Markets Outlook report.
The World Bank Group is highly concerned with Uganda’s enactment of the 2023 Anti-Homosexuality Act. If implemented, the Act would endanger people by placing an added barrier to vital medical care, disease screening, and precautions.
Cities - home to more than half of the world’s population and responsible for about 70% of global greenhouse gas emissions – are at the heart of the climate challenge. A new World Bank report, "Thriving: Making Cities Green, Resilient, and Inclusive in a Changing Climate," investigates the crucial role cities play in both stopping climate change and protecting people from its impacts.
Populations across the globe are aging at an unprecedented pace, making many countries increasingly reliant on migration to realize their long-term growth potential, according to a new report from the World Bank.
The World Bank today released its 2023 Logistics Performance Index report, a measure of countries’ ability to move goods across borders with speed and reliability.