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The Latest Breaking News from the World Bank

The past few months have offered a stark reminder of the importance -- and precariousness -- of water supplies. The Gulf Cooperation Council countries, which together supply roughly 62 million people with drinking water drawn almost entirely from the sea, have seen their desalination plants targeted by drones and missiles…

Bangkok Post

Delhi government clears Rs 8,300-crore for 7-year programme to combat air pollution

In a bid to improve air quality, the Delhi government has introduced an ambitious seven-year project worth Rs 8,300 crore, primarily funded by the World Bank at 65%. The 'Clean Air, Healthy Delhi' program aims to significantly improve air quality and cut emissions from various sources. A coordination workshop is…

The Economic Times

The World Bank has elevated Vietnam and the Philippines to upper-middle-income status—but now they face 'a far more demanding phase of development'

Both countries must now escape the middle income trap that has stalled several of their Southeast Asian peers.

Fortune

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Georgetown's Dr. Adriana Kugler Honored with ASHE Academic Achievement Award

A leading labor economist and former Federal Reserve Governor is recognized by the American Society of Hispanic Economists for a body of research on labor markets, trade, and immigration.

Latin Times

World Bank drops climate funding target, raising fears for Africa

The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming world.

Radio France Internationale

World Bank to phase out China lending by 2031

The World Bank is set to cease lending to China by 2031, a move reflecting Beijing's economic ascent. Loans will be capped at $2 billion until then, a significant drop from previous years. This decision, supported by the US, aligns with China's development status. Beijing views the gradual reduction as…

The Economic Times

World Bank to phase out lending to China by 2031

WASHINGTON (UNITED STATES) - The World Bank will phase out its lending to China by 2031, according to the organization's new country partnership framework, a source familiar with the matter told AFP on Tuesday.

Bangkok Post

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Bangladesh ups foreign outreach: World Bank clears $1. 1bn fund; ties with China hit 'highest levels'

In a bid to address surging food and energy prices driven by international conflicts, Bangladesh has secured $1.1 billion in World Bank emergency funding. This financial assistance is designed to safeguard employment and critical services. Furthermore, Dhaka is bolstering its strategic and economic relationship with China, as evidenced by recent…

The Times of India

Rules before resources: Europe’s investment agenda for Central Asia

European officials and financial institutions attending the Tashkent International Investment Forum highlighted regulatory stability, project preparation and cross-border connectivity as essential conditions for future investment.

Euronews

World Bank approves USD 1.5 bn loan to support India's reforms, job creation

India's push for private sector-led growth and job creation has received a significant boost with the World Bank approving USD 1.5 billion in financing. This funding will support structural reforms aimed at simplifying business regulations, enhancing trade, and improving access to capital. The initiative is projected to create employment for…

The Economic Times

Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strain

A protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like Steve Geoffrey supporting his Kenyan family, face job insecurity and rising costs. While some nations saw initial remittance surges, others report slowing growth and workers depleting savings. Economists predict…

The Economic Times

Pakistan's Biggest Fear? India's Water Strategy

A river that has flowed peacefully for centuries is suddenly at the center of one of South Asia's most dangerous disputes. Pakistan's Defence Minister Khawaja Asif has issued a stark warning, saying Pakistan could go to war if it believes India's actions threaten its water security. The statement comes amid…

MyLifeXP

India taps World Bank, ADB for $2.5 billion infrastructure spend

India is in talks with the World Bank and Asian Development Bank for substantial funding. This financial support aims to boost urban infrastructure and create jobs. The loans will help New Delhi manage its budget after increased spending on subsidies. The government plans to upgrade infrastructure and urban renewal projects.

The Economic Times

Has Sri Lanka recovered from its economic collapse? Three years after the crisis

Sri Lanka, once a symbol of economic collapse, has achieved remarkable stabilisation. Fuel shortages and soaring inflation have receded, with economic growth returning and tourism booming. While international lenders praise the IMF-backed reforms, significant challenges like high public debt and low investment persist, indicating recovery is still incomplete and transformation…

The Times of India

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Fortune

Vietnam has to find $200 billion to fund its ambitious growth agenda. Techcombank’s CEO thinks that has to come from overseas

“There’s no way all these infrastructure investments can be financed by the local banking ecosystems,” Lottner says. “Vietnam’s deposit-generating capacity just isn’t big enough.”

The Independent UK

50 million Africans connected to power in ‘unprecedented’ partnership between aid agencies

IN FOCUS: Exclusive: Agencies including the World Bank and the Africa Development Bank tell Nick Ferris how their new partnership, Mission 300, has been able to transform energy access in Africa even as foreign aid budgets have been cut

Bangkok Post

Development banks must evolve

Multilateral development banks (MDBs), chief among them the World Bank, were established to provide capital to developing countries that couldn't raise it at home or on affordable terms abroad. For decades, they filled that gap. But as more countries move from low- to middle-income status (according to the World Bank's…

The Guardian - UK

Macron frames Évian G7 agenda in hope Trump will stay for whole summit

US president left last meeting early, but world leaders aim to end Ukraine war and push for resolution in Gaza and Iran

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The Economic Times

Charting the Global Economy: War pushes up prices, dents growth

The Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly three years.

Latin Times

Developing Economies Face a 'Lost Decade' as Iran War Drives Global Economic Strains, World Bank Warns

The lender downgraded growth forecasts for roughly two-thirds of the world's economies, citing disruptions to energy markets and trade routes linked to the conflict

AAP

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