MDBs’ Annual Climate Finance Passes $61 Billion
Climate financing by seven of the world’s largest multilateral development banks (MDBs) totaled $61.6 billion in 2019, with $41.5 billion (67%) in low- and...
Public Transport Can Bounce Back from COVID-19 with New and Green Technology
Public transport must adapt to a “new normal” in the wake of the coronavirus disease (COVID-19) pandemic and adopt technologies that will render it...
Zero emission economy will lead to 15 million new jobs by 2030 in Latin America and Caribbean
In a new groundbreaking study , the Inter-American Development Bank (IDB) and the International Labour Organization (ILO) show that the transition to a net-zero emission...
Women Gain Key Economic Benefits from Greater Trade
Trade increases women’s wages and helps close the wage gap between men and women while creating better jobs for women, a new World Bank...
Amid economic slowdown, strategic approach needed for Nepal’s resilient recovery
Economic growth is estimated to contract sharply to 2.1% in FY2021 from the COVID-19 pandemic and related lockdown, despite efforts by the government to...
Venezuelan Migration Could Raise GDP Growth in Ecuador by Up to 2 Percent
A recent study led by the World Bank estimates that Venezuelan migrants and refugees in Ecuador, most of them highly educated young people, could...
China’s Recovery Strategy Should Focus on Inclusive and Sustainable Growth
Economic conditions in China have changed dramatically over the past six months. The COVID-19 pandemic and measures taken to contain it have triggered a...
Trade Pact Could Boost Africa’s Income by $450 Billion
The African Continental Free Trade Area (AfCFTA) represents a major opportunity for countries to boost growth, reduce poverty, and broaden economic inclusion, a new...
Amid fears of worst recession in decades, urgent calls for solidarity, a united economic front
With multilateral cooperation under strain, senior UN officials, Nobel laureates and eminent academic experts, gathered virtually on Wednesday for the launch of a new...
New report examines how to prevent future pandemics
Ebola, SARS, Zika, HIV/AIDS, West Nile fever and now COVID-19. These are some of the highest-profile diseases to emerge in the last several decades....