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The Latest Breaking News from the World Bank

Vietnam's first class education system boasts top-notch students

While Vietnam remains a developing country, it boasts one of the best education systems in the world. According to data from the World Bank, Vietnamese students outperform not only their peers in nearby Malaysia and Thailand, but also those in wealthier countries such as Britain and Canada. Vietnamese students’ top-notch…

France 24

Disaster Declared for Texas Shrimp

The U.S. market—and seafood processors’ freezers—are overflowing with cheap farm-raised imports. Words and photos by Paula Levihn-Coon.

Texas Observer

COP28: a year on from climate change funding breakthrough, poor countries eye disappointment at Dubai summit

At the COP27 summit in Sharm El-Sheikh, Egypt, an agreement to establish a loss and damage fund was hailed as a major breakthrough on one of the trickiest topics in the UN climate change negotiations. In an otherwise frustrating conference, this decision in November 2022 acknowledged the help that poorer…

The Conversation

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Is Israel’s Gaza war the deadliest conflict for children in modern times?

Many more children have been killed in Gaza every day compared with Ukraine, Afghanistan, Iraq, other conflict zones.

Al Jazeera

World Bank suspension of Uganda funds over anti-homosexuality law: what this says about the struggle over funds and sovereignty

The World Bank issued a statement on 8 August 2023, announcing that it had effectively suspended all new public financing to Uganda over concerns with the country’s anti-homosexuality law, which “fundamentally contradicts the World Bank Group’s values”.

The Conversation

DRC offers free maternity care to cut death rate among mothers and babies

Healthcare workers say clinics are being overwhelmed by women seeking help, amid lack of staff and facilities to back programme

The Guardian - UK

‘Loss and damage’ deal struck to help countries worst hit by climate crisis

Governments draw up blueprint for fund to be administered at first by World Bank after tense Abu Dhabi talks

The Guardian - UK

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Stage set for conflict at COP28 with mixed response to outcome of key climate talks

Tense negotiations at the final meeting on a climate-related loss and damages fund — an international fund to help poor countries hit hard by a warming planet — ended Saturday in Abu Dhabi, with participants agreeing that the World Bank would temporarily oversee the fund for the next four years

The Independent UK

Climate crisis talks resume on ‘loss and damage’ funding for poorest countries

World leaders will reconvene in Abu Dhabi before UAE’s Cop28 after talks broke down two weeks ago

The Guardian - UK

Whose job will AI replace? Here's why a clerk in Ethiopia has more to fear than one in California

Artificial intelligence is changing the world – and one of the main areas it will affect in the short-to-medium term is the workforce.

The Conversation

As climate threats grow, poor countries still aren't getting enough money to prepare

To adapt to the threats developing countries are facing from climate change, the United Nations says they'll need at least 10 times more money than the public funding they received in 2021.

WEKU

Oil prices could reach 'uncharted waters' if the Israel-Hamas war escalates, the World Bank says

The World Bank says oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas intensifies

The Independent UK

World Bank warns oil price could soar to record $150 a barrel

Escalation of Israel-Hamas war into Middle East-wide conflict would disrupt oil supplies and stoke food prices, says Bank

The Guardian - UK

The World Bank approved a $1B loan to help blackout-hit South Africa's energy sector

The World Bank has approved a $1 billion loan for South Africa to help it address an energy crisis that has peaked this year with the country’s worst electricity blackouts

The Independent UK

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The Guardian - US

The US invaded the island of Grenada 40 years ago. The legacy of revolution lives on

Why we must remember Maurice Bishop and the Grenadian revolution

The Hindu

Chief Minister instructs to fill Kalyana Karnataka, backlog posts in Higher Education Department

Chief Minister Siddaramaiah has instructed officials of the Finance, the Higher and Technical Education Departments to fill up Kalyana Karnataka vacancies and other backlog posts which have been pending for many years

Capital & Main

As Colorado Races to Set New Rules for Climate-Friendly Industries, Its Plan Raises Concerns Over Dual Role of State Regulator

Coal is back, despite banks’ pledge to stop financing such projects.

Al Jazeera

Gaza’s dire humanitarian crisis explained

Israel’s strikes and blockade are pushing Gaza’s essential services and resources to the brink of collapse.

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The Conversation

The World Bank and the IMF need to keep reforming to become fit for purpose

The World Bank and the International Monetary Fund are being challenged to make substantial reforms so that they become fit for purpose in the 21st century.

Radio France Internationale

World Bank to implement LGBTQ safeguards before resuming new Uganda funding

The World Bank will aim to ensure gay and transgender Ugandans are not discriminated against in its programmes before resuming new funding, which was halted in August over an anti-LGBTQ law, a bank executive said.

The Guardian - UK

UK needs to rebuild global development reputation, admits Andrew Mitchell

Development minister’s comments at World Bank summit in Marrakech acknowledge effect of aid budget cuts

The Guardian - UK

Rich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enough

Just like the Yom Kippur war 50 years before, the current conflict represents a grave threat to an already fragile global economy

The Independent UK

IMF and World Bank are urged to boost funding for African nations facing conflict and climate change

Most of the population in conflict-affected countries like Niger, Mali, Burkina Faso, Chad and northern Nigeria depends on climate-vulnerable agriculture

Radio France Internationale

IMF, World Bank hold first meetings in Africa in 50 years

The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change.

Foreign Policy

The World Bank’s Big Week

What to know ahead of the institution’s annual meetings.

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