Washington D.C. [US], July 16: A new report from the World Bank reveals the profound impact of climate change on education systems globally. As the climate crisis intensifies, extreme weather conditions are significantly disrupting educational environments and learning outcomes, especially i
Amid global concerns over the denial of basic rights to women and girls in Taliban-ruled Afghanistan, the World Bank, in its latest report, stated that the country ranks a lowly 178th when it comes to the participation of women in economic pursuits.
According to the report, Afghanistan has been facing economic challenges due to reduced aggregate demand, including factors like the stronger local currency, dwindling household savings, reduced public spending, and the ban on opium cultivation.
Global growth is projected to decelerate for the third consecutive year, dropping from 2.6 per cent in the previous year to 2.4 per cent in 2024. Developing economies are expected to fare even worse, with a growth rate of just 3.9 per cent, over one percentage point below the previous decade
According to the World Bank, the report highlights India's significant position as the top remittance recipient, drawing attention to the evolving dynamics in the remittance landscape.
The global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock but an escalation of the latest conflict in the Middle East--which comes on top of disruptions caused by the Ukraine conflict--could push global commodity markets into uncharted w
According to the Macro Poverty Outlook, which was prepared for the recent annual meetings of the World Bank and IMF in Marrakesh, Morocco, prolonged and high inflation in food and energy prices, combined with a lack of substantial economic growth, could lead to social upheaval and negatively
Economic growth in Sub-Saharan Africa is expected to decelerate from 3.6 per cent in 2022 to 2.5 per cent in 2023. However, projections suggest a gradual recovery to 3.7 per cent in 2024 and 4.1 per cent in 2025.
In its recent report on economic growth of South Asian countries, the World Bank has underlined that the economy of Afghanistan remains fragile and that at least two-thirds of Afghan families continue to face livelihood challenges, according to Khaama Press.
South Asia is expected to grow by 5.8 per cent in the financial year 2023, but slower than its pre-pandemic pace and not fast enough to meet its development goals, said the World Bank in its twice-a-year regional outlook released on Tuesday. The growth forecast for 2023 is 20 basis points hi