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The Latest Breaking News from World Bank

COP30: EU backs global carbon market alliance to crack down on CO2 emissions

The European Union and Brazil urged other countries to embrace mechanisms that put a price on carbon and develop carbon markets to finance global climate action. Critics argue the decision could undermine domestic climate ambition and jeopardise financing for restoring natural carbon sinks.

Euronews

World Bank Partners With Private Equity In Global Critical Minerals Race

Private equity investors are boosting their participation in the global race for critical minerals. As these commodities take the central stage in international trade negotiations, fresh ten-figure deals are taking place.

Benzinga

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

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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

IMF Meetings To Begin Under Fresh Cloud Of US-China Trade Tensions

The IMF and World Bank's semi-annual gathering of finance ministers and central bank governors gets underway in Washington on Monday, against the backdrop of new trade threats from the world's two largest economies.

International Business Times

Urgent calls for debt relief as study shows health and education cuts in developing world

Influential economists want replenishment of funds and new ways to define countries in need before this week’s IMF and World Bank meetings

The Guardian - UK

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

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On the road with the minister tasked with defending Britain’s painful aid cuts to Ghana

Jenny Chapman is shown the impact of her government’s ever-diminishing assistance on her first trip accompanied by the media since taking charge of development

The Guardian - UK

India suffered Rs 24,000 crore losses this monsoon: Do we have a plan to fix this?

This monsoon season has brought severe destruction to India’s northern states. There were cloudbursts in Uttarakhand, flash floods in Himachal Pradesh, landslides in Jammu and Kashmir, and Punjab saw its worst flood since 1988.

Newslaundry

Ethiopia Inaugurates Africa's Biggest Dam

Ethiopia was set to inaugurate Africa's largest hydroelectric project on Tuesday that has promised to revolutionise the country's energy sector but sparked diplomatic rows with downstream neighbour Egypt.

International Business Times

Mozambique welcomes $6 billion electricity project from World Bank backing

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

The Independent 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 Guardian - UK

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.

The Conversation

In oil-rich Angola, poverty, hunger and deadly unrest over fuel price hikes

Critics say most people in Africa’s third-largest oil-producing nation have not seen benefits from that natural wealth.

Al Jazeera

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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.

Newslaundry

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

Fortune

Indonesia bets a new sovereign wealth fund will finally unlock its potential

Rosan Roselani, Danatara CEO and ally of president Prabowo Subianto, needs to streamline Indonesia's lumbering state-owned giants.

Evening Standard

Funding for some aid organisations and countries to be cut, minister says

The minister for development said the Government is ‘modernising’ its approach.

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news in one place.

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The Conversation

Sudan’s war is an economic disaster: here’s how bad it could get

Since April 2023, Sudan has been engulfed in a devastating war between the Sudanese Armed Forces and the Rapid Support Forces. What began as a struggle for power has turned into a national catastrophe. More than 14 million people have been displaced. Health and education systems have collapsed and food…

inkl

The Supply Chain Maverick: How Leyland Seto Transformed Fortune 500 Giants with Cutting-Edge Tech Amid Soaring Global Disruptions

Amid rising global supply chain vulnerabilities, the World Bank's Global Supply Chain Stress Index (GSCSI) indicates a significant increase in container shipping disruptions caused by extreme weather events.

The Independent UK

Modi government’s equality boast draws ‘intellectual dishonesty’ accusation

IN FULL

The Independent UK

Modi government called ‘out of touch’ for claiming India is one of world’s most equal nations

World Bank data seized upon by government – but economists say it doesn’t paint the full picture

International Business Times

World Bank's IFC Ramps Up Investment Amid Global Uncertainty

While the world economy faces instability from US President Donald Trump's threats of a global trade war, the International Finance Corporation (IFC) is dramatically ramping up its investment activities.

The Guardian - UK

The global south needs more than tinkering at a conference: debt forgiveness is the only fair way

Next week, a UN summit in Seville will discuss the future of financing the world’s poorer nations. It should first concede that the old methods have failed

The Independent UK

World Bank warns that 39 fragile states are falling further behind as conflicts grow, get deadlier

The world’s most desperate countries are falling further and further behind, their plight worsened by conflicts that are growing deadlier and more frequent

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