World Bank Approves $12 Billion for COVID-19 Vaccines
The World Bank’s Board of Executive Directors today approved an envelope of $12 billion for developing countries to finance the purchase and distribution of...
Leaders Release Unprecedented Map of Blockchain Standards
Industry leaders today released the Global Standards Mapping Initiative (GSMI), the first and most comprehensive effort to assess the current state of blockchain. Based...
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...