World Bank President: Uncertainty Will Lead to Global Economic Growth Below Expectations

ChainCatcher news, World Bank President Banda stated on April 16 local time that uncertainty is leading to a more cautious business and economic environment globally, resulting in global economic growth being lower than expected a few months ago. Countries need to negotiate and dialogue on trade issues.

Banda also stated that a suitable regulatory environment must be created to encourage private investment in developing countries and create job opportunities. He added that a discussion on an energy investment strategy covering multiple pathways will take place with the board in June. He also mentioned that the World Bank will expand its private sector participation program, covering areas such as energy, agriculture, infrastructure, healthcare, tourism, and manufacturing.