Strong cyclical dynamics, together with an easing of macroeconomic policies in the United States and elsewhere, have boosted large parts of the global economy, into the initial phase of a recovery in 2002. Nonetheless, the global recovery is fragile, because investment spending is insufficient...

Thirty years ago, half the developing world lived in extreme poverty today, a quarter. Now, a much smaller share of children are malnourished and at risk of early death. And access to modern infrastructure is much more widespread. Critical to the progress: rapid economic growth driven by...

The framework provided a road map for climate action for the World Bank Group (WBG) over fiscal years 2009-11, setting out the WBG's objectives, principles, areas of focus, and major initiatives in the field of climate change. The framework was organized around six action areas: 1) supporting...