In this event, the heads of the four key global economic policy institutions—the World Bank Group, the IMF, the OECD and the WTO—discuss the importance of trade and global cooperation for overcoming current challenges and implications of subsidies for markets and poor countries. They call for more transparency and proactive measures to reduce their harm, especially for the largest and most distortive subsidies.
Download the report: Subsidies, Trade, and International Cooperation Prepared by staff of IMF, OECD, World Bank, and WTO (pdf)
Type: Event
The COVID-19 pandemic caused unprecedented disruptions to global trade and has sparked questions about the future of global value chains. New World Bank research, however, suggests that not only did value chains prove more resilient than earlier feared, but they also helped participating countries rebound more quickly from the crisis. Please join us on March 4 for an engaging discussion about the factors reshaping global value chains, and their implications for trade and development.
Type: Event
How has trade supported economic recovery from the COVID-19 pandemic? This event will explore what can be done to enable trade to contribute more to economic growth and prosperity around the world.
Type: Event
Why and how are developing countries particularly vulnerable to volatility in commodity prices? Our Cornonavirus Live Series continues as we interview John Baffes, Senior Economist at the World Bank, about the effect of the coronavirus on commodities. We'll be covering a wide range of sectors, including agriculture, food and oil prices, and industrial commodities such as metals. Related Links: Covid-19 (Coronavirus): Live Interview and Panel Series COVID-19 landing page
Type: Event
Top management of the World Bank, the International Monetary Fund and the World Trade Organization presented a unified front on trade in a discussion at the 2019 Spring Meetings. The leaders cautioned that overlooking the positive impact trade has on growth and poverty reduction could leave millions of people in developing countries behind.
In her remarks, World Bank CEO Kristalina Georgieva emphasized that trade-led growth can lead to dramatic reductions in poverty. She cited the example of Vietnam, where trade liberalization in the 1980s and 1990s resulted in poverty rates declining from over 60% to under 3% today. Worldwide, more open trade has helped lift over 1 billion out of poverty.
IMF Managing Director Christine Lagarde argued that trade does more than accelerate growth – it has a disproportionately positive impact on purchasing power. She noted that trade has lowered the cost of goods by 25% for high income households while for poor households the figure is more than two thirds.
WTO chief Roberto Azevedo made ...
Type: Event
Making progress in countries affected by fragility, conflict and violence is fundamental to ending extreme poverty and achieving global development goals. By 2030, the share of the poor living in countries affected by fragility and conflict is expected to triple, from 14 percent today to nearly half by 2030.
The event aims to raise awareness of the need to scale up financing in areas affected by conflict and fragility and examine the role of partnerships in attracting transformational investments. Bringing together leaders from the public and private sectors, the discussion will cover the main constraints to scaling up, as well as focus on innovative solutions across sectors.
Type: Event
O investimento em crianças pequenas é um dos mais inteligentes que um país pode fazer para romper o ciclo da pobreza, cortar a desigualdade pela raiz e aumentar a produtividade mais adiante. Os benefícios dos programas de desenvolvimento na primeira infância que integram componentes de saúde, nutrição, educação e proteção social são particularmente importantes para as crianças pobres e desfavorecidas. Estudos científicos e econômicos recentes demonstram que as experiências da primeira infância têm impacto profundo no desenvolvimento do cérebro e na aprendizagem, na saúde e nos rendimentos financeiros na fase adulta. Investimentos inteligentes em crianças pequenas melhoram as perspectivas para as comunidades e podem propiciar ganhos econômicos significativos para os países. No momento em que trabalhamos para cumprir os Objetivos de Desenvolvimento Sustentável de 2030 relacionados ao desenvolvimento na primeira infância, junte-se ao Presidente do Grupo Banco Mundial, Jim Kim, ...
Type: Event