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World Bank says Somalia’s economy is expected to grow despite significant shocks

IMF disburses $59.26 million to Mozambique to balance budget

IMF approves $88.327 million food loan for Malawi

Chad reaches debt treatment agreement with creditors, IMF chief Kristalina Georgieva celebrates deal: ‘We have been waiting for this day’

World Bank President David Malpass on powering the Southern African power pool with renewables

Economy

Patrick Njoroge, Central Bank Governor, Kenya participates in the World of Finance: Where are the Women? seminar during the 2022 Annual Meetings at the International Monetary Fund.

IMF Photo/Ariana Lindquist
15 October 2022
Washington, DC, United States
Photo ref: AL100061.JPG

Kenya

IMF reaches staff level agreement with Kenya to access $433 million in new financing

November 8, 2022

Hugh Riddell, World Bank Country Manager for Malawi.

Africa

New World Bank report says Malawians are as poor today as they were a decade ago but poverty decreasing in rural areas

November 8, 2022

October 10, 2022 - WASHINGTON DC. 2022 IMF/ WORLD BANK ANNUAL MEETINGS. A conversation between IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass.

The Annual Meetings are taking place as the world grapples with the challenges of the pandemic, the war in Ukraine, and a global food and energy crisis. These compounding crises are threatening livelihoods and taking a toll on the most vulnerable. There is a profound urgency for policymakers, international organizations, and the private sector to take decisive and coordinated action to build resilience in this era of volatility. David R. Malpass President, World Bank Group; Kristalina Georgieva, Managing Director, International Monetary Fund; Tatiana Mossot
Communications Officer, IMF. Photo: World Bank / Grant Ellis

Climate Change

World Bank Group presents new fund for lowering emissions

November 8, 2022

OCTOBER 11, 2022 - WASHINGTON DC. 2022 IMF/WORLD BANK ANNUAL MEETINGS: A shortage of Life’s Essentials: The Human Cost of the Food and Fuel Crises

Looking at specific actions that the international community needs to focus on to address both energy and food shocks, using concrete examples of how countries are working on tackling the immediate crises without compromising long-term goals of efficiency, sustainability, and resilience. It will examine a number of tangible solutions that are shaping a sustainable recovery from the point of view of countries and communities, offering a snapshot of immediate action from across WBG regions in our client countries.

David R. Malpass, President, World Bank Group; Axel van Trotsenburg, Managing Director of Operations, World Bank; Johan Swinnen, Director General, International Food Policy Research Institute (IFPRI); Anne Beathe Tvinnereim, Minister of International Development of Norway; Seedy K. M. Keita, Minister of Finance and Economic Affairs, Gambia; Rania Al-Mashat, Minister of International Cooperation, Arab Republic of Egypt; Mostafa Terrab, Chairman and CEO, OCP GrouP. Host, Meriem Gray, Communications Lead, Sustainable Development, World Bank. Photo: World Bank / Franz Mahr

Africa

World Bank President David Malpass visits Komati power station in South Africa

November 7, 2022

Abdoulaye Seck

CAMEROON

World Bank says Cameroon can reduce poverty rate five-fold with climate-action investments

November 5, 2022

President Joe Biden delivers remarks on the passing of the bipartisan Infrastructure Investment and Jobs Act, Tuesday, August 10, 2021, in the East Room of the White House. (Official White House Photo by Adam Schultz)

Africa

President Biden celebrates October jobs report ahead of midterms

November 4, 2022

OCTOBER 11, 2022 - WASHINGTON DC. 2022 IMF/WORLD BANK ANNUAL MEETINGS: A shortage of Life’s Essentials: The Human Cost of the Food and Fuel Crises

Looking at specific actions that the international community needs to focus on to address both energy and food shocks, using concrete examples of how countries are working on tackling the immediate crises without compromising long-term goals of efficiency, sustainability, and resilience. It will examine a number of tangible solutions that are shaping a sustainable recovery from the point of view of countries and communities, offering a snapshot of immediate action from across WBG regions in our client countries.

David R. Malpass, President, World Bank Group; Axel van Trotsenburg, Managing Director of Operations, World Bank; Johan Swinnen, Director General, International Food Policy Research Institute (IFPRI); Anne Beathe Tvinnereim, Minister of International Development of Norway; Seedy K. M. Keita, Minister of Finance and Economic Affairs, Gambia; Rania Al-Mashat, Minister of International Cooperation, Arab Republic of Egypt; Mostafa Terrab, Chairman and CEO, OCP GrouP. Host, Meriem Gray, Communications Lead, Sustainable Development, World Bank. Photo: World Bank / Franz Mahr

Business

World Bank approves $497 million in financing to lower South Africa’s greenhouse gas emissions

November 4, 2022

OCTOBER 11, 2022 - WASHINGTON DC. 2022 IMF/WORLD BANK ANNUAL MEETINGS: A shortage of Life’s Essentials: The Human Cost of the Food and Fuel Crises

Looking at specific actions that the international community needs to focus on to address both energy and food shocks, using concrete examples of how countries are working on tackling the immediate crises without compromising long-term goals of efficiency, sustainability, and resilience. It will examine a number of tangible solutions that are shaping a sustainable recovery from the point of view of countries and communities, offering a snapshot of immediate action from across WBG regions in our client countries.

David R. Malpass, President, World Bank Group; Axel van Trotsenburg, Managing Director of Operations, World Bank; Johan Swinnen, Director General, International Food Policy Research Institute (IFPRI); Anne Beathe Tvinnereim, Minister of International Development of Norway; Seedy K. M. Keita, Minister of Finance and Economic Affairs, Gambia; Rania Al-Mashat, Minister of International Cooperation, Arab Republic of Egypt; Mostafa Terrab, Chairman and CEO, OCP GrouP. Host, Meriem Gray, Communications Lead, Sustainable Development, World Bank. Photo: World Bank / Franz Mahr

Economy

World Bank says investing 1.4% of GDP annually could reduce emissions in developing countries by 70% by 2050

November 3, 2022

IMF Director of Communications, Julie Kozack IMF Photo/Kim Haughton 02 Nov 2022 Washington, DC, United States

Economy

U.S. citizen Julie Kozack, an alumna of Columbia and Rutgers Universities appointed IMF Director of Strategic Communications to replace Gerry Rice

November 2, 2022

Marie-Francoise Marie-Nelly

Climate Change

In fresh report, World Bank says South Africa can build strong economy and fight climate crisis at the same time

November 1, 2022

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