World Bank President: Uncertainty Will Lead to Lower Global Economic Growth Than Expected

Jinse reports that World Bank President Banga stated on April 16 local time that uncertainty is leading to a more cautious business and economic environment globally, which will result in lower global economic growth than anticipated a few months ago. Nations need to negotiate and dialogue on trade issues. Banga also mentioned that it is essential to create a suitable regulatory environment to encourage private investment in developing countries and create jobs.

He added that in June, a discussion with the board will cover an energy investment strategy that encompasses multiple paths. He also stated that the World Bank will expand private sector participation programs covering energy, agriculture, infrastructure, healthcare, tourism, and manufacturing.