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The Latest Breaking News from the World Bank

Ukraine's Recovery: 6 Billion Needed After Years of War

The World Bank estimates that Ukraine will require 6 billion to recover and rebuild after almost two years of ongoing conflict and war.

Top News

CM holds consultation with World Bank representatives

Chief Minister Pinarayi Vijayan held a meeting with the representatives of the World Bank regarding the Resilient Kerala Program for Results being implemented as part of the Rebuild Kerala Initiative, at the conference hall here on Tuesday.

The Hindu

World Bank CEO Denies IFC Cover-Up of Kenya School Abuse

World Bank denies covering up abuse involving a Kenya school investment, refuting allegations of an IFC cover-up. Details on the controversy at hand.

Top News

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Isabelle Thomas: tragic loss of 'warm, vibrant' documentary maker and aristocrat, and wife of the producer of Killers of the Flower Moon

Thomas, who worked in the arts and sciences, died this week

Evening Standard

World Bank Provides Emergency Funds to Countries through Existing Loans

Learn about the World Bank's new initiative to alleviate the financial burden of countries during disasters by offering access to emergency funds from exis...

Top News

The West Bank economy has been hammered by war

More than three months into Israel's war in Gaza, the economy of the West Bank is reeling. Many fear the economic pain may lead to even more violence in the territory.

WEKU

World Bank president discusses conflict, climate change, and AI risks

This content discusses the highlights of the recent World Economic Forum, including discussions on presidential elections, conflicts, climate change, and t...

Top News

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How hard water affects your hair: Tips for frizz-free hair

Hard water, characterized by its high mineral content, might be wreaking havoc on your hair without you even realizing it. The minerals, primarily calcium and magnesium, present in hard water can create a film on your hair, making it a challenging environment for moisture to penetrate. Based on the Falkenmark…

The Times of India

Comoros Votes As Controversial President Seeks Third Term

Comoran voters head to polling stations Sunday to decide whether to hand a third-straight term to President Azali Assoumani, who has voiced confidence in securing re-election over a divided opposition on the Indian Ocean archipelago.

International Business Times

Red Sea crisis could shatter hopes of global economic recovery

World Bank warns of surging energy prices, slower growth and higher inflation as threat rises of disruption to world trade

The Guardian - UK

State govt. to implement Tamil Nadu Coastal Restoration Mission at a cost of ₹1,675 crore over five years

Tamil Nadu Coastal Restoration Mission aims to strengthen coastal biodiversity, sustainable tourism, and reduce plastic waste with World Bank support.

The Hindu

Cabinet nod for World Bank-aided $285-million KERA project

The Cabinet on Wednesday cleared the Kerala Climate Resilient Agri-Value Chain Modernisation (KERA) Project aimed at modernising the State’s food and nutritional security. The World Bank-aided project has an outlay of $285 million. It places emphasis on the increased participation of small farmers and micro, small and medium enterprises (MSME)…

The Hindu

2024 Global Growth forecast: Slowing Trend Continues

The World Bank predicts global growth to decelerate for the third year in a row in 2024, signaling potential challenges ahead. Stay informed!

Top News

Global economy will slow for a third straight year in 2024, World Bank predicts

Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024

The Independent UK

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The Conversation

China's capitalist reforms are said to have moved 800 million out of extreme poverty – new data suggests the opposite

It has become an article of faith among many economists that China’s pro-market reforms of the 1980s and 1990s ushered in a sustained reduction in poverty.

International Business Times

Bhutan To Vote As Economic Strife Hits 'National Happiness'

The picturesque Himalayan kingdom of Bhutan holds general elections on Tuesday with serious economic challenges calling into question its longstanding policy of prioritising "Gross National Happiness" over growth.

The Guardian - UK

The world economy is in crisis again. If we look back 80 years, we might be able to fix it

The historic Bretton Woods summit shaped a golden era of growth. This year’s G20 could be our equivalent, says academic and economist Michael Jacobs

International Business Times

Private Sector Funding Key To Climate Transition, World Bank Chief Says

The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.

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The Guardian - UK

How many more must suffer in DRC before the west stops enabling Tshisekedi?

Despite its vast mineral wealth, corruption keeps the Congolese poor – and western governments help the regime stay in power

Salon

Leading GOPer boosts Uganda anti-gay law

Rep. Tim Walberg co-chairs the National Prayer Breakfast — and urged Uganda to "stand firm" on "death to gays" law

International Business Times

Nigeria Economic Crisis Dampens Christmas Spirit

Lining up, they receive some rice, dried beans and other basic foodstuffs, whose soaring prices have left millions in Nigeria facing a bleak Christmas.

The Independent UK

World Bank projects that Israel-Hamas war could push Lebanon back into recession

The World Bank says the ripple effects of the war in Gaza are likely to knock Lebanon’s fragile economy back into recession

Top News

World Bank injects 0 million to fuel Pakistan's economic growth

World Bank's financial boost of 0 million to Pakistan's RISE-II operation heralds new opportunities and economic growth, fueling optimism for the nation...

The Hindu

Was the COP28 climate summit a milestone or a mirage? | Explained

COP28 provided a mixed bag of outcomes. The commitment to ramp up renewable energy targets is a significant step forward – whereas issues on L&D metrics, fund management and disbursal, market mechanisms, risky technologies, the room left for continued use of fossil fuels in many sectors, and natural gas as…

Al Jazeera

Philippines’ Marcos faces ‘greenwashing’ claims as climate spending soars

Climate activists say Manila’s massive spending on climate-related initiatives is poorly allocated.

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