June 01, 2021 | 09:36
The COVID-19 pandemic has hit the poorest and most vulnerable people in developing countries the hardest, worsening inequality and exacerbating existing challenges – insufficient healthcare systems, education deficits, stagnant incomes, rising conflict and violence, poorly-selected debt contracts, and climate change.
February 05, 2020 | 09:19
The World Bank will revise its global growth forecast downwards due to the new coronavirus, the president of the multilateral lender said on Tuesday (Feb 4), amid fears the epidemic in China will harm global supply chains.
December 20, 2019 | 09:24
A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned on Thursday (Dec 19).
April 12, 2019 | 12:26
Increased lending by China to developing nations is increasingly under the spotlight amid concerns that growing debt burdens and onerous conditions could sow the seeds of a crisis.