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The Latest Breaking News from the World Bank

‘Pushback on climate action is a sign we are making progress on net zero’

INTERVIEW: Lord Nicholas Stern speaks to Nick Ferris about how climate impacts and green technology are both accelerating faster than anticipated - as he suggests that the UK can still drive the green development agenda in spite of crippling cuts to foreign aid

The Independent UK

World Bank warns Pakistan’s diversion of Balochistan housing funds could deepen poverty

The World Bank expressed serious concern over redirecting housing funds. This move could deepen poverty and increase disaster vulnerabilities for families. Many beneficiaries are ultra-poor, earning less than seventy dollars monthly. The bank warned that excluded families face a cycle of deeper poverty. Grievances were registered, and individual communication was…

The Economic Times

James Chen: What makes a good billionaire?

The chairman of The Chen Yet-Sen Family Foundation walked into the World Bank 20 years ago, convinced he had solved a problem affecting 2.2 billion people.

Fortune

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Kinshasa is growing faster than almost any city in Africa, but its population boom is not making people richer

Kinshasa, the capital of the Democratic Republic of Congo, is expanding faster than almost any other city on the African continent, yet that growth has coincided with falling living standards for the overwhelming majority of its residents. According to the World Bank, Kinshasa's population grew at an average rate of…

The Times of India

World Bank urges developing nations to seize AI opportunity

Developing nations should embrace artificial intelligence for rapid advancement. AI offers significant improvements in healthcare, education, and agriculture services. This technology can boost productivity and create new opportunities for workers. Governments must quickly address infrastructure and skill gaps to benefit. The World Bank sees AI as a crucial tool for…

The Economic Times

AI offers 'lifeline' for emerging economies, World Bank says

Artificial intelligence can accelerate developing nations' progress by a century within ten years. Emerging economies face fewer job threats from AI compared to wealthier countries. These nations have more to gain and less to fear from the AI revolution. However, governments must address power, connectivity, and skills to seize this…

The Economic Times

In 2010, workers painted part of a Peruvian mountain white to regrow its lost glacier; the World Bank selected the idea for a $200,000 grant

A climate experiment in Peru involved whitewashing a mountain to encourage glacier regrowth. This effort aimed to increase sunlight reflection and cool the mountain's surface. The theory relied on the albedo effect, where bright surfaces reflect more solar energy. While the project showed increased reflectivity, it did not restore the…

The Times of India

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Japanese population below 120 million for first time in decades

TOKYO - The number of Japanese people living in the country has fallen below 120 million for the first time in 42 years, government data showed Wednesday, as the nation confronts a low birth rate and an ageing society.

Bangkok Post

What Keiko Fujimori Actually Promised Peru: A Wage Hike and Iron Fist on Security

Peru's new president promises higher wages and an iron-fist crackdown on crime — fact-checked against the numbers her speech skipped.

Latin Times

Uzbekistan’s Aral Sea shrank from the world’s fourth-largest lake to near extinction: A €100 million plan aims to send water back

The Aral Sea, once vast, has shrunk by ninety percent due to river diversion. International organizations now support Uzbekistan's efforts to improve water use and irrigation. Projects aim to reduce water losses and restore degraded lands through agroforestry. Uzbekistan is planting drought-resistant trees to stabilise dry land and reduce dust…

The Times of India

Ed Miliband to take seat on board of World Bank – with overseas aid and climate ‘central to UK’

‘International development is not an add-on to British policy,’ foreign secretary says

The Independent UK

World's narrowest island capital just 150 metres wide could disappear beneath rising seas, World Bank warns

Majuro, capital of the Republic of Marshall Islands, confronts severe threats from rising sea levels. Coastal erosion accelerates due to increased wind speeds and human interference. Adaptation measures like sea walls and land raising are being considered by policymakers. However, migration may become a last resort for the Marshallese people.

The Times of India

Ed Miliband indicates development and climate will be at heart of UK foreign policy

Exclusive: Foreign secretary to take up World Bank seat and play active role in shaping changes to global lender

The Guardian - UK

A Month After Venezuela's Twin Earthquakes, More Than 21,000 People Are Still Living as Refugees While Families Search the Rubble

One month after twin earthquakes devastated northern Venezuela, more than 21,000 people remain displaced and living in temporary shelters, thousands of families are still waiting to recover the bodies of missing relatives from beneath collapsed buildings, and humanitarian organizations warn the disaster is evolving into a long-term recovery crisis that…

Latin Times

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Fortune

Can Bangkok future-proof itself against the heat?

As Bangkok heats up, the government's test will be planning ahead—not reacting—to protect the city's economy and workforce.

The Economic Times

After Hormuz, Gate of Tears may make the world cry. What about India?

The Bab el-Mandeb Strait, a key shipping route connecting Red Sea and Gulf of Aden, faces growing risks of disruption after Yemen’s Houthi movement warned of a maritime blockade targeting Saudi shipping. With US-Iran tensions escalating, the possibility of a closure of the waterway has emerged as a major global…

The Times of India

Boom at the front, bust at home: Russia’s war economy is holding but its people are cracking

By 2024, Russia appeared to have defied expectations. Despite unprecedented Western sanctions, the economy grew by 4.9%, unemployment fell to record lows, and factories linked to the defence sector ran around the clock. President Vladimir Putin pointed to these figures as proof that Russia had adapted to wartime conditions.

Radio France Internationale

Syria taken off US terror blacklist after 47 years, paving way for investment

Syria is no longer designated a state sponsor of terrorism by the United States – a move that opens the door to American investment in the country, whose economy has been decimated by decades of conflict.

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The Economic Times

Delhi government, World Bank launch orientation for Rs 8,300-crore clean air project

The seven-year programme, to be implemented between September 2026 and August 2033, will be financed through a 65 per cent loan from the World Bank, while the remaining 35 per cent will be borne by the Delhi government.

The Economic Times

World Bank Group commits $890 million to promote solar rooftop project in India

The World Bank committed USD 890 million for India's solar rooftop initiative. This funding aims to bring clean energy to millions of homes nationwide. The program will also create significant job opportunities across the renewable energy sector. India seeks to achieve net zero emissions by 2070 and increase non-fossil fuels.…

Ballotpedia

Labor Department submits revised ESG rule to White House

In this week’s edition of Economy and Society:

Bangkok Post

Water makes the world go round

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…

The Economic Times

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…

Fortune

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.

Latin Times

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.

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