The World Bank serves as an international financial institution granting loans to developing countries. The recipients have to pledge structural reforms in return.
The World Bank's official objective No. 1 is to reduce poverty. This page collates recent DW content on the lender's activities.
Ethiopia is among the world's poorest countries. Despite that - or perhaps because of it - its economy has been expanding strongly since 2003, at an average of 10% per year. At the beginning of August, ratings agency Moody's gave Ethiopia a "moderate" outlook for its low debt burden and affordable interest payments. But it warned of the country's political risks and regional tensions.
Today - 12 June - is World Day Against Child Labor. It was launched 15 years ago by the United Nations' International Labor Organization. According to estimates by UNICEF, the ILO and the World Bank, 168 million children and adolescents between 5 and 17 years of age - 11 percent - are obliged to work under conditions that deprive them of basic rights and opportunities.