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The Latest Breaking News from the World Bank

Estimated €185bn needed to rebuild Syria after 14 years of civil war, World Bank says

Syria's civil war began in 2011 when mass protests against the government of then-President Bashar al-Assad were met with a brutal crackdown and spiralled into armed conflict.

Euronews

World Bank estimates $216B needed to rebuild Syria after civil war

The World Bank says rebuilding Syria after over a decade of civil war could cost about $216 billion

The Independent UK

Madagascar's president rose to power off youth discontent and was taken down by it

Andry Rajoelina, once a young mayor who led protests against Madagascar's government, has been ousted as president

The Independent UK

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Trump bet China would face ‘tremendous difficulties’ without U.S. consumers—Beijing just focused on the rest of the world instead

China’s trade diversification has been so successful that its export market is growing significantly despite the trade war.

Fortune

Opposition leader Patrick Herminie wins presidential runoff election in Seychelles

Official results show that opposition leader Patrick Herminie has won the presidential election in Seychelles, defeating incumbent leader Wavel Ramkalawan in Saturday’s runoff vote

The Independent UK

New Prime Minister Inspires Little Hope In Protest-hit Madagascar

President Andry Rajoelina's appointment of an army general as new prime minister was met with little enthusiasm in Madagascar Tuesday, as protesters gathered again ahead of a looming deadline set by the youth-led movement for a national strike.

International Business Times

Madagascar president who took power in coup accuses protesters of trying to trigger another one

Young people take to streets to voice anger at water and power cuts, and corruption in political system

The Guardian - UK

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Dams for development? Unpacking tensions in the World Bank’s hydropower policies

Dams have been emblematic of the World Bank’s approach to development for many decades. From the bank’s early years in the 1960s and 1970s, large-scale infrastructure projects such as dams, power plants and transport networks were central to its strategy for economic growth and poverty reduction. This reflected a top-down…

The Conversation

QAnon shaman sues Trump for $40 trillion and targets Musk, T-Mobile and Warner Bros in rambling lawsuit

The QAnon Shaman withdrew his support for Trump after the president refused to release the Epstein files

The Independent UK

Seychelles to hold rerun presidential election after no outright winner

Seychelles’ electoral authority says the country will hold a rerun vote between the two main contenders

The Independent UK

Development banks ‘still funding industrial livestock despite climate promises’

Three development banks, including the World Bank, have collectively invested $1 billion in 55 highly-polluting livestock projects between 2018 and 2024, new research claims

The Independent UK

From local mahallas to a global strategy: Uzbekistan’s fight against poverty

Uzbekistan has made poverty reduction a state priority, launching a nationwide programme focused on jobs, social protection, and mahalla-level action. Since 2016, 7.5mn people have escaped poverty. With €30bn invested in 2024, the country aims to eradicate absolute poverty by 2030.

Euronews

Voices: In our new global order we must focus on aid, not just development

COMMENT: As humanitarian need hits record levels, aid budgets are being cut and redirected, says David Miliband, the president of the International Rescue Committee. A clear strategy is needed to ensure the poorest and most fragile communities are not abandoned

The Independent UK

How Did Poland Get So Far Ahead of Hungary?

Fewer than 35 years after escaping the yoke of Soviet-style central planning, Poland has become a legitimate global powerhouse.

Reason

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The Conversation

Global tensions demand a faster energy transition — why does Indonesia still rely on fossil fuel imports?

The year 2025 begins with persistent global geopolitical tensions. The war between Ukraine and Russia drags on, conflict in the Middle East is heating up, and the United States-China trade war continues. All of this could send shockwaves through the global energy market — including in Indonesia.

The Independent UK

Lebanon licenses Elon Musk's Starlink for satellite internet services

Lebanon has granted a license to Elon Musk’s Starlink to provide satellite internet services in the country

The Independent UK

How Malawi is taking AI technology to small-scale farmers who don't have smartphones

Some small-scale farmers in the southern African country of Malawi are using an AI chatbot for advice to help them improve their methods and become more resilient to climate change

The Independent UK

Mozambique welcomes $6 billion electricity project from World Bank backing

Mozambique has won World Bank backing for a $6 billion hydroelectric plant

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Newslaundry

The Rs 444 question: Why India banned online money games

Hungama hai kyun barpaa thodi si jo pee li haiDaakaa to nahi maara chori to nahi ki hai– Akbar Allahabadi On August 21, Parliament slammed the brakes on online money games by passing the Promotion and Regulation of Online Gaming Bill, 2025. The government’s press release made its intent clear:…

Al Jazeera

‘Food, jobs, hope’: Mozambique seeks investment route to economic recovery

President Daniel Chapo launches $40m fund for small businesses at 60th annual Maputo International Trade Fair.

The Guardian - UK

‘Without water nothing can exist’: the Malawians repeatedly displaced by drought

Unpredictable weather fuelled by the climate crisis is forcing millions from their homes, with many struggling to access water

The Conversation

Has extreme poverty really plunged since the 1980s? New analysis suggests not

Data from the World Bank suggests that extreme poverty has declined dramatically over the past four decades, from 47% of the world’s population in 1981 to around 10% today.

Al Jazeera

Plastic credits: A ‘false solution’ or the answer to global plastic waste?

As UN meets to negotiate an international treaty to curb plastic pollution, many favour carbon credit-like offsetting.

International Business Times

Major Climate-GDP Study Under Review After Facing Challenge

A blockbuster study published in top science journal Nature last year warned that unchecked climate change could slash global GDP by a staggering 62 percent by century's end, setting off alarm bells among financial institutions worldwide.

Newslaundry

Explained: Why India’s inequality is underestimated

India’s consumption gap appears to shrink, but income inequality is rising fast, as per analysis of India’s consumption data by the World Bank.

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