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World Bank
Environmental, Social and Governance
A US$12 bil climate fund is readying a rare bond issuance
The Climate Investment Funds, a US$12 billion fund inside the World Bank, is planning a roughly US$500 million bond issuance.
a day ago
Capital markets
The world needs bigger and better financial firefighters
Financially distressed developing countries need a growth-focused approach to stabilising the economy without cutting essential public spending.
September 26, 2024
Global Economy
Africa has over US$1 trillion in sovereign debt, says UN agency
Climate change is eroding an average 5% of Africa’s GDP on an annual basis. Last year, it cost 15% of Mozambique’s GDP.
August 18, 2024
Global Economy
Briefs: US Fed signals one rate cut this year; Singapore economy expected to grow by 2.7% y-o-y in 2Q2024
In other news this week, the World Bank raised its forecast for global growth this year on strong US expansion.
June 13, 2024
Global Economy
World Bank raises global growth forecast on strong US expansion
Most of the improvement stems from the World Bank upgrading the US growth outlook
June 11, 2024
Global Economy
World Bank warns of slowing growth in East Asia amid China slump
China needs more than just 'conventional fiscal stimulus'
April 01, 2024
Environmental, Social and Governance
Singapore-backed carbon credits data platform CAD Trust launches 20-member user forum
Launched by IETA, the World Bank and Singapore, CAD Trust is a platform to share information about carbon credits and projects.
June 06, 2023
Environmental, Social and Governance
World Bank touts an ESG Bond it says is 'immune' to greenwashing
The proceeds of the five-year bond will be used to support the World Bank’s sustainable development activities globally.
February 23, 2023
Global Economy
World Bank cuts 2023 forecasts and warns of global recession
The bank said persistent inflation and higher interest rates are among the key reasons.
January 11, 2023
Global Economy
World Bank to warn of global recession risk in economic outlook
“Urgent global and national efforts” are needed
January 08, 2023