World bank sees significant inflation risk
Energy prices are expected to inch up in 2022. The World Bank said in its latest Commodity Markets Outlook that this is after surging more than 80% in 2021, fueling significant near-term risks to global inflation in many developing countries. The multilateral development bank said that the energy prices should start to decline in the second half of 2022….
worldbusinessstar
World Bank employees pressured by Georgieva
According to an independent investigation, including then-Chief Executive Kristalina Georgieva, World bank leaders, had applied pressure on staff to boost China’s ranking in the bank’s “Doing Business 2018″ report. It was prepared by law firm WilmerHale, by the request of the bank’s ethics committee. This raises concerns about China’s influence at the World Bank. Georgieva said that…
World Bank says will boost Covid-19 vaccination funding to $20 BLN
The World Bank pledged to boost available funding for COVID-19 vaccine purchases and deployment to $20 billion, citing a sharp increase in overall financing demand from developing countries. World Bank President David Malpass said that the global development bank had already provided more than $4 billion to 51 developing countries. This is for the purchase and deployment of COVID-19 vaccines,…