UK needs to rebuild global development reputation, admits Andrew Mitchell Development minister’s comments at World Bank summit in Marrakech acknowledge effect of aid budget cuts
Rich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enough Just like the Yom Kippur war 50 years before, the current conflict represents a grave threat to an already fragile global economy
Africa’s ‘optimist-in-chief’ on the continent’s renaissance: ‘Don’t just believe me, believe the data’ In an exclusive interview, Akinwumi Adesina, head of the African Development Bank, says the outlook is good for a continent with the workers of the future and the best investment opportunities
IMF should give poor countries $300bn a year to fight climate crisis, says Joseph Stiglitz Developing nations need equivalent of US Inflation Reduction Act, says Nobel prize-winning economist
Shocks are new normal for weakened global economy, says IMF head Kristalina Georgieva says fund had been conducting ‘thinking the unthinkable’ scenario-planning before Israel-Hamas war began
Severe debt burdens thwarting progress on climate and poverty, says World Bank Bank’s new president Ajay Banga urges faster action on providing debt relief but says there is no ‘magic wand’
UK interest rates will need to stay high into 2024, warns IMF Britain faces ‘fairly subdued’ growth and ‘persistent’ inflation, global economic health check finds
IMF clings to a hopeful agenda as crisis follows crisis At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again
WTO slashes growth forecast for global goods trade by more than 50% Persistently high interest rates have had chilling effect on consumer spending, says trade body
‘It’s not done’: IMF head warns of costs in finally overcoming inflation Kristalina Georgieva discusses protracted high interest rates and first term dominated by two ‘unthinkable’ events
Bond market sell-off sends UK long-term borrowing cost to 25-year high Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook markets
Central banks ‘risk global recession unless they relax 2% inflation targets’ Economic arm of UN says pro-growth stance needed, with interest rate rises increasing inequality
UK admits extra £330m a year in charges for post-Brexit animal and plant imports Labour’s Stella Creasy elicits confirmation of higher charges to firms, which some say risk further fuelling food inflation
Investigation launched into killings and evictions on World Bank tourism project Tanzania government blamed for violence against villagers in national park, while thousands more people face losing their homes
Germany will suffer worst from world economic slowdown, says OECD Higher interest rates and weaker trade, as well as sluggish growth in China, likely to hit big economies