Global services export hits $7.9trn in 2023
Omeiza Bilal The UN Trade and Development revealed that world services exports crossed $7.9 trillion in 2023. The amount represents...
World Economy
W/Bank, AfDB’s partnership to connect 300m to electricity by 2030
Omeiza Bilal The World Bank Group and African Development Bank Group are partnering on an ambitious effort to provide at...
W/Bank targets 1.5bn people in global health expansion services
Omeiza Bilal The World Bank Group today announced an ambitious plan to support countries in delivering quality, affordable health services...
Industrial policy is not magic cure for slow growth
By Era Dabla-Norris, Daniel Garcia-Macia, Vitor Gaspar, Li Liu Many countries are ramping up industrial policy to boost innovation in specific sectors in the...
The rise and risks of private credit
Private credit has grown rapidly to provide long‐term financing to middle market firms. Private credit offers borrowers a value proposition...
UN climate chief calls for “quantum leap in climate finance
Agency Report The head of the United Nations climate body, Simon Stiell, said a “quantum leap” in climate finance is...
W/Bank: Despite high potential, 75 vulnerable economies face ‘historic reversal’ –
Despite their high potential to advance global prosperity, one-half of the world’s 75 most vulnerable countries are facing a widening...
Georgieva to serve second term as IMF Managing Director
Agency Report The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing...
World must prioritize productivity reforms to revive medium-term growth
The world economy faces a sobering reality. The global growth rate—stripped of cyclical ups and downs—has slowed steadily since the...
Sluggish growth delaying economic recovery in emerging Europe, Central Asia – W/Bank
Economic activity in the emerging and developing economies of the Europe and Central Asia region is likely to slow this year as...
