Online Media Briefing Center (OMBC) news for accredited journalists
Highlights
The report shows that all large middle-income economies have now either implemented or are considering direct carbon pricing, with emissions trading systems (ETSs) accounting for most of the new and planned instruments.
Faltering economic growth is coinciding with ample oil supply in ways that are expected to drop global commodity prices to their lowest level of the 2020s, according to the World Bank’s latest Commodity Markets Outlook.
Here are the latest bi-annual regional economic updates to explore the macro development trends in Africa, East Asia and the Pacific (coming soon), Europe and Central Asia, Latin America and the Caribbean, the Middle East and North Africa, and South Asia.
The Global Sovereign Debt Roundtable (GSDR) met today and reviewed progress on the work to improve debt restructuring processes and timelines, and to help address debt vulnerabilities.
Ireland’s new pledge, announced Thursday on the sidelines of the World Bank-IMF Spring Meetings, augments its initial commitment to IDA’s 21st replenishment (IDA21).
“With the expanded membership, we are mainstreaming this work across our operations and tying it directly to the jobs agenda that is driving our strategy,” said World Bank Group President Ajay Banga.
This event tackles one of the defining and complex challenges of our time: how to meet the stable employment aspirations of the developing world's fast-growing youth population.
Domestic food price inflation remains moderately high. Information from the latest month between January and April 2025 for which food price inflation data are available shows high inflation in many low- and middle-income countries, with inflation higher than 5% in 87.5% of low-income countries (8.6 percentage points higher since the last update on April 22, 2025), 50% of lower-middle-income countries (2.2 percentage points higher), 47% of upper-middle-income countries (no change), and 18.5% of high-income countries (0.6 percentage points higher).
