The Latest Breaking News from the World Bank

Despite promises made at the Cop26 climate summit in Glasgow to reduce fossil fuel subsidies, a report has shown that G20 nations poured a record €1.3 trillion into the fossil fuel industry in 2022.

At its launch almost a decade ago, the BRICS nations’ New Development Bank (NDB) was celebrated as a chance for countries across the Global South to break free of the US-dominated IMF and World Bank and rewrite the rules of financing global development. But while the number of nations signed…

Public money still flowing into industry despite agreement to phase out ‘inefficient’ subsidies, thinktank says

Dozens of nations want to join the club as an alternative to the US-led order. But internal fissures could limit BRICS.

Ugandan police on Monday arrested four people for allegedly engaging in same-sex activity following a raid on a massage parlour. The arrests come three months after the introduction of repressive anti-gay legislation triggered an international backlash.

World Bank report finds health systems use less than 5% of available data to improve patient outcomes. Digital tech and data can help prevent and manage chronic diseases, care for young and ageing populations and prepare for health emergencies. India has shown the way with digital health and Ayushman Bharat.

Many people may be tempted to view the World Bank’s recent announcement that it will freeze new loans to Uganda because of the country’s vicious anti-LGBTIQ+ law as a harbinger of the Bank taking a more progressive approach to human rights issues.

Kerala to shift from decentralised to hybrid waste mgmt approach, ₹2400 cr KSWMP to start next week. Project to cover 6 Corp & 87 muni, ₹800 cr for regional facilities, dust bins to return, modern waste collection vehicles, 70% funds from WB & AIIB, 30% from State.

The economic benefits of One Health are understood in contrast to the cost of managing a pandemic with a non-One-Health approach. An assessment of the G20 Joint Finance and Health Taskforce estimated the latter to be around $30 billion a year. On the other hand, estimates by the World Bank…

After two years in power, the Taliban are entrenched as rulers of Afghanistan, facing no significant opposition that could topple them

Ugandan President Yoweri Museveni has denounced the World Bank's decision to suspend new funding in response to a law targeting LGBTQ+ people, accusing the lender of using money to try to "coerce" the country's government.