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UNDP Seeking Unprecedented COVID-19 Support for Vulnerable Countries

JAKARTA (TheInsiderStories) - The growing COVID-19 crisis threatens to disproportionately hit developing countries, not only as a health crisis in the short term but as a...

World Bank Warns as Debt in Developing Countries Hit US$55B

JAKARTA (TheInsiderStories) - The World Bank has warned against a fast-rising wave of debts in emerging and developing countries now standing at US$55 trillion,...

Global Foreign Investment Falls for Third Consecutive Year, says United Nations

JAKARTA (TheInsiderStories) - Global foreign direct investment (FDI) flows slid by 13 percent in 2018, to US$1.3 trillion from $1.5 trillion the previous year...

World Bank: Global Growth to Weaken to 2.6% in 2019

JAKARTA (TheInsidesStories) — Global economic growth is forecast to ease to a weaker-than-expected 2.6 percent in 2019 before inching up to 2.7 percent in 2020,...

David Malpass: The World Needs New Approach to Reduce Poverty in...

JAKARTA (TheInsiderStories) – The World Bank Executive Board has approved David Robert Malpass's victory to fill the leadership chair of financial institutions after being...

Darkening Prospects: Global Growth to Slow to 2.9% in 2019 as...

JAKARTA (TheInsiderStories) - Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019, amid rising downside...