Headline issues at the World Bank-IMF Spring Meetings 2024

The Spring Meetings are being held this week from April 15-20 in Washington, DC  

MENA economies face stagnant growth & rising debt amidst regional conflict, World Bank warns

Report highlights growing burden of debt, particularly among oil-importing countries

Climate, developmental goals can push 47 emerging markets & developing economies to insolvency by 2028

IMF and World Bank debt analyses grossly underestimate sustainability problems, finds new report

Trillions more need to be invested if SDGs are to be rescued: UN report

Bold actions needed to scale up SDG investment and reform global financial system

Centre signs US $200 million loan deal with World Bank for POSHAN Abhiyaan

Amount to be used as financial aid to reduce stunting among children

World bodies release new principles on cost-effective carbon pricing schemes

New World Bank Report states that carbon-pricing schemes are worth US $50 billion

Air pollution sets back global economy by $225 billion

An estimated 5.5 million people died due to air pollution-related diseases in 2013

World Bank to lend $1 billion to India’s solar programme

This is the Bank’s largest ever support for solar power in any country

India to stand steady against global financial volatility: World Bank

Weak farm output and halted bills may hamper growth trajectory for the country

India 117th among 190 countries in empowering women

Even least developed countries like Rwanda, Lesotho fared better than India

Food prices increase in Afghanistan amid conflict

A recent report said that 27.5 per cent of Afghanis are food insecure

Kenya’s William Ruto makes case for Africa at COP28, calls for transformation of global climate finance framework

Many post-colonial countries, especially from Africa, didn’t exist when World Bank, IMF were formed; they should have a say in their …

Global economy’s weakest half-decade performance in 30 years likely by end of 2024, warns World Bank

Calls for $2.4 trillion increase in investment by developing countries for course correction

Heatwaves in India could soon break human survivability limit, says World Bank analysis

Poor, marginalised to be worst hit; Economic productivity to be jeopardised too

US $4 trillion lost in natural disasters over last 30 years

Disaster preparedness will reduce impact, adaptation will bring gains, says World Bank

World Bank staff protests mismanagement; stages work stoppages

Staff demands more inclusive decision-making by the management

Pre-COVID-19 debt crisis has aggravated in poorest countries after pandemic: World Bank

G20 members not keen to extend COVID-19 debt relief for poorest countries

Millions still lack access to essential health services, says WHO report

Lack of universal health coverage pushed people into extreme poverty in 37 countries

Debt crisis and gap in affordable climate finance in focus at IMF, World Bank meeting

Spring Meetings 2023 took place from April 10-16, 2023 in Washington DC

$6.4 trillion investment expected in clean technology over 10 years

Report indicates massive growth potential for SMEs

Curb soot, methane emissions in Himalaya to slow global warming: World Bank

'A million deaths can be averted annually by containing these emissions'

Globally, women have just two-thirds of legal rights given to men, finds World Bank

India’s rank improves from 126 to 113

World Bank staff calls for ‘open’ system of presidential selection

The move comes even as the global body called for nominations to select a new president after Jim Yong Kim resigned recently

India’s poverty reduction slowing down since a decade

The world finally has an assessment of India’s poverty level in absence of an official one for the last 10 years. It increases global …

Global warming: 400 million tonnes CO2 pumped to atmosphere a year from this source the world is blind to

Gas flared at oil and gas facilities is greater than EU’s total import from Russia and a key source of methane emission