World Bank [to 24 January 2015]

World Bank [to 24 January 2015]
http://www.worldbank.org/en/news/all

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Most Commodity Prices Expected to Continue Declining in 2015, in Rare Occurrence, Says WB Report
WASHINGTON, January 22, 2015 – This year may well see a rare occurrence for world commodity markets – a decline in all nine key commodity price indices, says the World Bank’s latest Commodity Markets Outlook, released today.While oil prices have seen the most dramatic decline, the third largest since World War II, other commodities have also been gradually weakening in recent months. And this broad-based weakness is expected to continue throughout 2015, before beginning a modest turn around in 2016.In oil markets, a “perfect storm” of conditions has led to a plunge in prices since mid-2014: growth in unconventional oil production, decline in demand, appreciation of the U.S. dollar, receding geopolitical risks, and a major redirection toward maintaining market share rather than targeting prices by the world’s oil cartel, Organization of the Petroleum Exporting Countries (OPEC)…
January 22, 2015

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Green Bonds Are Changing Investor Expectations & Making Sustainable Investing Easier
Expanding the issuer and investor basesAs the market grows, the size of green bonds is growing and new types of issuers are coming in.Cities and state agencies, which have used bonds in the past to raise money for infrastructure projects, have started issuing green bonds to help support and highlight environment- and climate-friendly projects, such as efficiency improvements and public transportation. Johannesburg, South Africa, issued Africa’s first municipal green bond last year to help finance emissions-reducing projects including bio gas energy, solar power, and sustainable transportation.Corporations and utilities have also started issuing green bonds. The French utility GDF Suez issued the largest green bond to date, 2.5 billion euros, intended to finance renewable energy projects such as wind farms and energy efficiency work such as smart metering and integrated districting heating networks
January 22, 2015

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Ebola: Most African Countries Avoid Major Economic Loss but Impact on Guinea, Liberia, Sierra Leone Remains Crippling
Africa-wide impact in 2015The Bank Group expects sub-Saharan Africa to grow at 4.6 percent in 2015, down from a 5.0 percent forecast in June 2014. Projections have been lowered because of global events, including the West African Ebola epidemic as well as the net effect of winners and losers from a steep fall in the global prices of oil and other commodities. Key risks to this projected growth include a renewed spread of Ebola, violent insurgencies, further reductions in commodity prices, and volatile global financial conditions.Much of the economic impact of Ebola beyond the epicenter of directly affected West African countries is based on fear, as was the case during the SARS outbreak in East Asia a decade ago…
January 20, 2015