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The Latest Breaking News from the World Bank

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

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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

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.

Fortune

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 Economic Times

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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.

The Times of India

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.

Radio France Internationale

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.…

The Economic Times

Labor Department submits revised ESG rule to White House

In this week’s edition of Economy and Society:

Ballotpedia

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…

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

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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.

Radio France Internationale

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.

The Economic Times

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…

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Bangkok Post

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.

The Times of India

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…

Euronews

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.

The Economic Times

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…

MyLifeXP

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…

The Economic Times

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.

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