Development Committee

Unprecedented challenges demand urgent action and innovative solutions. The World Bank’s new vision and playbook for development were unveiled at last week’s Annual Meetings in Marrakech. 

At this year’s World Bank Group-IMF Spring Meetings, management and shareholders recommitted to the institution’s vision of a poverty-free world and pledged to explore new solutions to tackle an ever-present set of threats to development and the lives of the poor.

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,…

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 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 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.

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.

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 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…

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

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