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The Latest Breaking News from the World Bank

African countries could unlock billions in local and global trade – what’s working and what’s not

Africa’s share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of trade to boost growth and reduce poverty.

The Conversation

Swiftonomics: what we can learn from Singapore multiplying millions from Taylor Swift’s Eras tour

When Taylor Swift picks a country to “Shake It Off”, it might help the nation’s economy to shake off the impacts of the global economic slowdown.

The Conversation

Kenyan President Warns Debt Clouds Africa Climate Potential

Africa's vast potential in the global fight against climate change is at risk due to the heavy burden of debt and lack of international investment, Kenyan President William Ruto said Thursday.

International Business Times

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Poverty in Lebanon tripled over a decade, World Bank says

The World Bank says poverty in Lebanon has tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis

The Independent UK

Lebanon’s economic crisis endures, as does the EU’s ‘fear’ of refugees

Analysts question whether EU grants to Lebanon have anything to do with getting its economy out of the hole it is in.

Al Jazeera

Cop29 at a crossroads in Azerbaijan with focus on climate finance

Fossil-fuel dependent country hopes to provide bridge between wealthy global north and poor south at November gathering

The Guardian - UK

‘Just by breathing we are contaminated’: schoolgirls fight to extinguish Ecuador’s gas flares

A group of determined teenagers has taken the government to court for not doing more to protect their community from the noxious byproduct of oil extraction in the northern Amazon

The Guardian - UK

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The ANC has left South Africa a land of broken dreams. Its time seems over

At this month’s elections, the party of Mandela should be judged on its dismal record over the past 30 years

The Guardian - UK

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say

Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect

The Guardian - UK

'Recipe for a Livable Planet': New report on how to make agriculture carbon neutral

The World Bank Group has released a new report outlining how global agriculture and food production can be overhauled in order to cut carbon emissions and limit global warning to 1.5°C above pre-industrial levels. In this edition, we speak to Julian Lampietti, Global Agriculture Practice Manager at the World Bank,…

France 24

South Africa: 30 years after apartheid, what has changed?

Big socio-political gains have followed apartheid but the legacy of racism and segregation is still starkly visible.

Al Jazeera

Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns

Increase in cost of crude could drive inflation up and force central banks to keep interest rates high

The Guardian - UK

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis

The Guardian - UK

‘Forced’ move: Rwandans grapple with own fears over UK asylum seeker plan

Amid high unemployment and a housing crisis, many in Rwanda are apprehensive about the $272m migrant deal with the UK.

Al Jazeera

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Top News

Vietnam's GDP To Grow 5.5% In 2024, 6.0% In 2025

The World Bank projects positive economic growth for Vietnam, highlighting resilience and potential for development in key sectors like manufacturing and s...

The Guardian - UK

World Bank suspends Tanzania tourism funding after claims of killings and evictions

Plan to expand Ruaha national park has been beset by allegations of abuse, leading bank to withhold final $50m of $150m budget

The Guardian - UK

World Bank official calls for shake-up of G20 debt relief scheme

Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020

Top News

South Africa Faces Inflation And Financial Upside Risks

Governor of South Africa's Central Bank warns of inflation risks and financial instability, emphasizing the need for vigilance and proactive measures.

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The Hindu

Role played by India during G-20 presidency appreciated at IMF and WB meeting: Seth

“There is a widespread appreciation of Indian presidency of the G-20 in building consensus on several issues,” Ajay Seth said.

The Guardian - UK

As India goes to the polls, can democracy deliver a better life for all of its people?

Behind a veneer of progress, injustice and inequality propped up by corruption and an outdated caste system haunt the subcontinent

Top News

World Bank President Ajay Banga Addresses Global Economic Challenges

World Bank and IMF address global economic challenges, focusing on poverty, climate, and conflict. Initiatives include expanding electricity and healthcare...

Top News

Brazil G20 Momentum: Tax Proposal For Super-Rich

Brazil's proposal to tax the super-rich gains global support to reduce inequality and fund social programs.

Top News

IMF, World Bank Report Progress In Debt Restructuring Cases

IMF and World Bank make significant progress in debt restructuring cases, aiding countries in financial stability and sustainable growth amidst the pandemic.

International Business Times

World Bank Aiming To Connect 250 Mn Africans To Energy Grid By 2030

The World Bank has significantly scaled up its ambition to connect Africans to the electricity grid by 2030, from 100 million to more than 250 million, the Bank's president said Wednesday.

Radio France Internationale

Climate finance and debt relief loom large at World Bank, IMF meetings

The urgent issues of climate financing and global inequality will underpin this week’s spring meetings of the World Bank and the International Monetary Fund – coming amid growing calls for a shake-up of those institutions to avoid a climate-driven “economic catastrophe”.

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