AbstractThis paper presents the first estimates of extreme child poverty and child poverty using the World Bank’s recently revised international poverty lines. Using the international poverty line of $3.00 per day and the higher $8.30 per day poverty line (both expressed in 2021 purchasing power parity), the paper provides new results of the glo...
Good afternoon. It is a great honour to be with you today, to represent the President of the Republic of South Africa, His Excellency Matamela Cyril Ramaphosa.Distinguished guests, Ladies and Gentlemen, if there is one thing we must take away from the comprehensive recommendations of this B20 platform, it is this: now is not a time for despondency. We cann...
AbstractThis paper describes the latest update of the OECD’s long-term scenarios, which are done every 2-3 years to quantify some of the most important long-term macroeconomic trends and policy challenges facing the global economy. The focus is on illustrating the output trade-off associated with transitioning to low-carbon energy sources, between the sho...
Editor’s Letter: Technology, Payments, and the Rise of StablecoinsTHREE YEARS AGO, Finance & Development devoted a full issue to anticipating “The Money Revolution,” driven by innovations in finance, such as crypto assets. That revolution is now unfolding.This issue of F&D looks at the new frontiers of finance, where technology, data, ...
Media around the world caught on to the significance of the inaugural Global SME Ministerial Meeting, which created a new political arena for collaboration, sharing best practices, and advocacy in support of SME competitiveness.Nearly 400 articles in eight languages, originating in 39 countries, showcased the Ministerial and its call to action that se...
Welcome to the third issue of the Industrial Policy Research and Statistics Newsletter!During the second quarter of 2025, UNIDO advanced the production of the upcoming Industrial Development Report, convened several expert group meetings and events, and launched the new Monthly Manufacturing Trade Database to enhance timely trade monitoring and analysis.Do...
Trade policy uncertainty has become a major source of global instability. Sudden shifts in tariffs, subsidies or restrictions fuel volatility.Policy changes in one country can send shockwaves across the globe, disrupting suppliers, manufacturers and markets. The United States’ recent policy shifts illustrate this. As the world’s largest importer, even mo...
The Independent Evaluation Office (IEO) of the New Development Bank (NDB) played an active role in the 10th anniversary edition of the Asian Evaluation Week (AEW), held from 1-4 September 2025 in Xi’an, China.The Independent Evaluation Office (IEO) of the New Development Bank (NDB) played an active role in the 10th anniversary edition of the Asian Evaluat...
Safeguarding natural resources generates high returns in some sectors.WASHINGTON, September 1, 2025—Ninety percent of the world lives with either degraded land, unhealthy air, or water stress, according to a new World Bank report, however, restoring natural systems is possible and can yield high returns.In low-income countries alone, eight of out ten peop...
JAKARTA, 28 August 2025 – ASEAN, through the Lead Implementing Body for Sustainable Infrastructure (LIB-SI), convened the Pre-Market Sounding Event on the Updating and Advancing of the Initial Pipeline of ASEAN Infrastructure Projects on 27 August. Supported by the Australian government through the Aus4ASEAN Futures Init...
