Development Committee

The global outlook foresees a moderate slowdown in economic activity, with lingering downside risks. Global trade growth has weakened, while investment prospects have softened; both of these remain important engines of growth, productivity, innovation, job creation and sustainable development.

Global economic growth is continuing, but with intensified risks that include policy uncertainty, geopolitical developments, a gradual tightening of financing conditions, and a rise in debt levels…

The COVID-19 pandemic continues to devastate countries, overwhelming health systems, disrupting productivity, threatening food security, multiplying job losses, and reducing incomes, particularly for the poorest.

The global economy is experiencing an uneven recovery, with the risk that it will worsen inequality and leave low- and middle-income countries behind.

The world is experiencing unprecedented challenges from COVID-19—the coronavirus pandemic—that could erase development gains for many countries.

The World Bank Group, in cooperation with the International Monetary Fund, can help emerging and low-income countries bolster potential growth, increase their resilience to shocks, boost domestic revenues, and continue building policy buffers.

Participants noted the manifold challenges negatively impacting poverty eradication efforts, particularly fragility and conflict.

Momentum is gathering for the Third International Conference on Financing for Development to be held in Addis Ababa from July 13-16. The conference will agree on a financing plan for the post-2015 agenda.

The World Bank Group is uniquely placed to address global challenges and help countries achieve their goals in today's increasingly complex development landscape.

Global growth has strengthened over the past year, with a recovery in investment, trade, and commodity prices amid supportive global financial conditions.

This year’s Spring Meetings of the World Bank Group and International Monetary Fund took place at a time of overlapping global crises.  The war in Ukraine has compounded concerns about inflation,…