World Bank President: Uncertainty will cause global economic growth to fall short of expectations
2025-04-16 22:45:35
World Bank President Banga said on April 16 local time that uncertainty is leading to a more cautious business and economic environment around the world, which will lead to lower global economic growth than expected a few months ago. Countries need to consult and dialogue on trade issues. Banga also said that the right regulatory environments must be created to encourage private investment in developing countries and create jobs. He added that an energy investment strategy covering multiple paths will be discussed with the board in June. He also said that the World Bank will expand the private sector participation program to cover areas such as energy, agriculture, infrastructure, healthcare, tourism and manufacturing.
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