World Bank reduces global growth forecast for 2022 to 3.2% from 4.1%

The World Bank has lowered their growth forecast for global growth to 3.2% from 4.1%. IMFs Malpass says:Expects more countries to announce contributions to Ukraine this week through multi-donor trust fundConditions in Afghanistan one of the world’s biggest tragediesCentral banks need more tools to address inflation, interest rate hikes alone will exasperate rising inequalityLong-term bond’s tend to benefit countries that already have access to capital marketsCentral banks can help address inflation by using regulatory policies, shortened duration of bond portfoliosNew crisis envelope to address food insecurity, refugees crisis, economic stresses related to Ukraine warWorld Bank preparing new 15 month crisis response financing target of the hundred and $170 billion with $50 billion committed over the next three monthsWorld Bank will have committed $11 billion to purchase and deploy vaccines in the current fiscal year, total Covid spending to reach $157 billion in fiscal year ending June 2021