Europe has weathered indeed well a series of unprecedented shocks, the pandemic, and then the energy crisis, which was triggered by Russia's invasion of Ukraine. What we also saw was that severe downside scenarios were avoided, and I would say this is a big accomplishment. Comparing that when we worked together in last October and the situation looked much different from today.
Transcript of Africa's Regional Economic Outlook
Transcript of the Asia and Pacific Department Press Briefing
Most Latin American countries and the Caribbean have successfully weathered recent shocks, very large shocks of the world economy. They rebounded strongly from the Pandemic and showed continued resilience in 2023 at the beginning of this year. But reality is that growth is slowing from 4.1 percent in 2022 to 2.3 percent this year and also in 2024.
"The EIB Group firmly condemns the heinous attacks by Hamas terrorists against Israel. Such horrific and senseless violence is unacceptable and must stop. The EU Bank stands in full solidarity with Israel at this time,” stated the Bank on X (formerly Twitter) today.
In Brussels, EIB President Hoyer confirmed the EIB’s €500 million support for the Global Polio Eradication Programme and joined European Commission President Ursula von der Leyen, Bill Gates, World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus, and UNICEF Executive Director Catherine Russell to highlight the EIB’s commitment to support the global fight against polio.
The world faces a global “polycrisis” affecting human and economic development at an unprecedented scale. Progress towards the Sustainable Development Goals (SDGs) has been painfully slow. For many countries, that progress has stalled or reversed, while the climate emergency is felt in intensifying force around the globe, hitting the most vulnerable the hardest. A much scaled up global effort is thus required to eradicate poverty, accelerate inclusive socioeconomic development, and tackle transboundary challenges.
Organizational decentralization is more than just a structural transformation; it's a strategic journey many development organizations embark on to enhance their proximity to clients and boost development effectiveness. This strategy is rooted in the belief that closer client engagement heightens relevance and overall development outcomes. But does this approach truly deliver as anticipated? And how do evaluations inform and optimize the effectiveness of such organizational shifts?
Over the past few months, there has been a lot of hype around Generative AI, ChatGPT, and other Large Language Models. Oscillating between awe and catastrophism, many opinions have been voiced. The Independent Evaluation Group’s Methods Team decided to take a dispassionate approach by doing what it does best, setting up clear experiments, and assessing the models as objectively as possible. In this webinar ,IEG shared with participants how to set up the experiments, what they found and what they recommend.
