IMF: ‘Less severe’ but ‘still deep’ recession predicted
In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a “somewhat less severe, though still deep” recession...
Herd immunity, an ‘unethical’ COVID-19 strategy
Using the principle of so-called “herd immunity” to stem the COVID-19 pandemic is “unethical” and “not an option” countries should pursue to defeat the...
Don’t ignore economic lessons of the Great Recession
“The world today finds itself in the worst financial and economic crisis in generations. The crisis has triggered an unprecedented policy response: interest rates...
Islands Aim to Phase out Fossil Fuels and Build Climate Resilience
From the Atlantic Ocean and the Caribbean to the farthest reaches of the Indian and Pacific oceans, island communities face common and increasingly daunting...
World Bank Supports Digital Connectivity in Haiti to Build Resilience
The World Bank's Board of Executive Directors approved today a US$60 million grant from the International Development Association (IDA) for the Haiti Digital Acceleration...
Debt Burden of LDCs continues to climb to a record $744 billion in 2019
In response to an urgent need for greater debt transparency, the latest edition of the International Debt Statistics (IDS) report provides more detailed and...
EU Cohesion Policy response to the coronavirus crisis
Today, the Commission announces the first provisional results of the implementation of the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus...
The Covid-19 crisis highlights LNG’s key role in global natural gas security
Liquefied natural gas (LNG) remains central to ensuring the security of global natural gas supplies and has played a major role in the sector’s...
BRICS commitment to jobs, social protection & social dialogue welcomed by ILO
ILO Director-General Guy Ryder has welcomed the commitment made by Brazil, Russia, India, China and South Africa (the BRICS countries) to take more action...
MENA: Global Action is Urgently Needed to Reverse Damaging Jumps in Extreme Poverty
For the second time, the rate of extreme poverty in the Middle East and North Africa (MENA) region jumped again, nearly doubling between 2015...