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The Latest Breaking News from World Bank

Kerala Budget 2024-25 | Outlay for farm sector goes up to ₹1,698.30 cr.; World Bank-aided KERA to be launched next fiscal

The State government allocates ₹1,698.30 crore for agriculture, launching the KERA project to enhance climate-resilient commercialization and exports.

The Hindu · Feb 5, 2024

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 · Feb 2, 2024

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...

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 · Jan 24, 2024

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...

3 China Stocks to Buy for Smart Investors in 2024

Even though trade data and the recovery remain uneven, the Chinese economy exceeded the government’s set target of 5% for 2023. Moreover, several experts remain upbeat about the nation’s economic outlook for 2024 and beyond. Thus, quality China stocks Sohu.com (SOHU), Youdao (DAO), and Autohome (ATHM) could be smart investments…

StockNews.com · Jan 19, 2024

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 · Jan 15, 2024

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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 · Jan 14, 2024

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 · Jan 13, 2024

For thousands of families in Tamil Nadu, the promise of home belied

Tamil Nadu executed three World Bank-funded projects, mainly in Chennai, between 1977 and 1988, through which plots were sold to those residing in slums on a hire-purchase basis. The beneficiaries were to pay a monthly instalment for about 10 years to get ownership of the land. Four decades later, around 85,000…

The Hindu · Jan 13, 2024

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 · Jan 11, 2024

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 · Jan 10, 2024

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!

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 · Jan 9, 2024

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The Guardian - UK · Jan 9, 2024

Risk of financial ‘wasted decade’ for poor countries, World Bank warns

Global economy set to slow for third year in 2024, with poor countries especially hard hit, body says

The Conversation · Jan 7, 2024

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 · Jan 7, 2024

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 · Jan 4, 2024

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

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International Business Times · Jan 4, 2024

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.

The Guardian - UK · Jan 2, 2024

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

International Business Times · Jan 1, 2024

Muhammad Yunus: Bangladesh's 'Banker To The Poor'

Jailed Nobel-winning microfinance pioneer Muhammad Yunus is celebrated around the world for helping millions of people out of poverty, but at home in Bangladesh he has a powerful enemy.

Salon · Dec 27, 2023

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 · Dec 25, 2023

Moldova's Pro-EU President To Seek Second Term

Moldovan President Maia Sandu on Sunday said she would seek a second term next year as she looks to steer the former Soviet republic to EU membership.

International Business Times · Dec 22, 2023

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 · Dec 21, 2023

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

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