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COP 27-World Bank will host facility for climate disaster risk – Malpass

by AIP Online Bureau | Nov 8, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance

World president David Malpass said announced the new instrument, called the Global Shield Financing Facility, at a meeting with German Chancellor Olaf Scholz, who has spearheaded the effort among G7 members to create a program to give vulnerable countries access to...

World dangerously close to recession, warns World Bank President

by AIP Online Bureau | Oct 14, 2022 | Eco/Invest/Demography, International News

All of the problems that people have taken note of, the inflation problem, the interest rate rises, and the cutoff of capital flows to the developing world hits the poor hard, he said, adding that’s a huge challenge for the bank Washington: World Bank President...
World Bank says goal of ending extreme poverty by 2030 won’t be met

World Bank says goal of ending extreme poverty by 2030 won’t be met

by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, Health, International News, Pandemic

The COVID-19 pandemic marked a historic turning point after decades of poverty reduction, the report said, with 71 million more people living in extreme poverty in 2020. That meant 719 million people – or about 9.3% of the world’s population – were...

World Bank sees rising risk of global recession in 2023 amid rate hikes

by AIP Online Bureau | Sep 15, 2022 | Eco/Invest/Demography, International News, Non-Life

“Global growth is slowing sharply, with further slowing likely as more countries fall into recession,” World Bank President David Malpass said, adding his worry that these trends would persist, with devastating consequences for emerging market and...
Pandemic, supply disruptions pose risk to food security; urgent actions needed says World Bank led joint statement

Pandemic, supply disruptions pose risk to food security; urgent actions needed says World Bank led joint statement

by AIP Online Bureau | Jul 17, 2022 | Eco/Invest/Demography, International News, Pandemic, Policy

Citing World Food Programme data, the joint statement said the number of acute food insecure people increased to 345 million in 82 countries “Making matters worse, around 25 countries have reacted to higher food prices by adopting export restrictions affecting...
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