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The Latest Breaking News from World Bank

UN farm fund in talks with IMF to join forces on resilience trust -president

The United Nations International Fund for Agricultural Development (IFAD) is in talks with the International Monetary Fund on joining forces on a new financing programme designed to shore up sustainable growth in poorer countries.

Reuters

Michigan researchers use planes to find major undercounted source of climate pollution

The fires that burn excess gas at oil fields, landfills and manufacturing plants pollute the atmosphere more than they are given credit for, University of Michigan scientists found in a recent study.

Tribune News Service

3 million children may miss a semester in flood-hit Pakistan

Pakistani officials say almost 3 million children in flood-hit areas may miss at least one semester because of damage the disaster has inflicted on schools

The Independent UK

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World Bank Cuts 2022 East Asia Growth Outlook

Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China's slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday. The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific…

Asharq Al-Awsat

World Bank report upgrades Thai growth for 2022 to 3.1%

The World Bank has increased its forecast for Thai economic growth this year to 3.1% from 2.9%, according to its "East Asia and Pacific October 2022 Economic Update" released on Monday.

Bangkok Post

Teachers' strike and soaring fees: Lebanon’s public school pupils miss class

School teacher Claude Koteich, her teenager daughter and 10-year-old son should have all been back in class weeks ago – but a crisis in Lebanon's education sector has left them lounging at home on a Monday afternoon.

Reuters

Sterling recovers after dramatic fall but remains at historic low

After statements from the Bank of England and the UK Finance Minister Kwasi Kwarteng on Monday, the British pound recovered slightly on Tuesday morning but remained at its lowest level in decades against the dollar. All eyes will now be on the UK central bank's November meeting and a potential…

France 24

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China growth lags Asia-Pacific for first time in decades as World Bank cuts outlook

East Asia and Pacific annual growth forecasts downgraded from 5% to 3.2% as China’s economy cools, largely due to zero-Covid policy

The Guardian - AU

World Bank slashes economic outlook for Asia over China slowdown

The Washington-based lender expects the region to grow 3.2 percent in 2022, down from a 5 percent forecast in April.

Al Jazeera

World Bank forecasts Thai GDP growth at 3.1% this year

Thailand's economy is expected to grow 3.1% this year, higher than a forecast in June of 2.9%, supported by private consumption and exports, the World Bank said on Tuesday.

Bangkok Post

Alibaba, JD, Nio Mixed: Hang Seng Muted As Investors Await Cues, Gloomy World Bank Forecast For China Weighs

Hong Kong stocks opened mixed on Tuesday, with the benchmark Hang Seng Index edging 0.05% lower and investors searching for cues, as global markets continued to bleed in the aftermath of the U.S. Federal Reserve’s aggressive rate hike and projections.

Benzinga

China growth to fall behind rest of Asia for first time since 1990

World Bank is latest financial institution to slash Chinese economic forecast

Financial Times

First Thing: Giorgia Meloni hails ‘night of pride’ in Italian elections

Far-right leader poised to become Italy’s first female prime minister. Plus, the gallery letting insects run wild

The Guardian - UK

‘Ridiculous is the only word for it’: Trump-loyal World Bank head faces resignation calls after climate comments

World Bank president David Malpass is facing backlash following his ambiguous remarks on the climate crisis.

Crikey

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Asharq Al-Awsat

World Bank Pledges $2 Billion for Flood-ravaged Pakistan

The World Bank said it will provide about $2 billion in aid to Pakistan, ravaged by floods that have killed more than 1,600 people this year, the largest pledge of assistance so far. Unprecedented monsoon rains and flooding this year — which many experts attribute to climate change — have…

The Independent UK

World Bank pledges $2 billion for flood-ravaged Pakistan

The World Bank says it will provide about $2 billion in aid to Pakistan, ravaged by floods that have killed more than 1,600 people this year, the largest pledge of assistance so far

The Guardian - UK

Head of World Bank under pressure after White House condemns his ‘climate denial’ comments

David Malpass apologises after saying he ‘doesn’t know’ if he accepts climate science

Salon

Capitalism is bad for your health: study

A new study reveals that the rise of capitalism has coincided with worse living conditions — unless regulated

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The Independent UK

World Bank head says he's not a climate denier, won't quit

World Bank President David Malpass says he won’t resign after coming under criticism for his remarks earlier this week regarding climate change

AFP

White House rebukes World Bank chief in climate row

Washington (AFP) - The White House on Friday rebuked the head of the World Bank David Malpass, who is battling charges of climate denial for dodging questions on the role of man-made emissions in global warming.

WEKU

Climate activists want Biden to fire the head of the World Bank. Here's why

Climate activists have never liked Trump-appointed World Bank President David Malpass. But this week, his comments on climate change fueled calls for President Biden to make a change.

Reuters

World Bank president should 'not mince words' on climate -White House adviser

A top climate adviser to President Joe Biden on Friday said the head of the World Bank should "not mince words" on the scientific consensus on climate change and is out of step with the American public.

Axios

World Bank president declines calls to step down

“It was a poorly chosen line, I regret that, because we as an organization are using the science every day."

Reuters

White House condemns World Bank chief Malpass's climate comments

The White House on Friday said it condemned recent comments on climate change by World Bank President David Malpass, who came under fire this week after he declined to say whether he accepts the scientific consensus on global warming.

AFP

World Bank chief Malpass says won't quit over climate denial row

Washington (AFP) - World Bank President David Malpass said Friday he had no plans to stand down, as he battles charges of climate denial for dodging questions on the role of man-made emissions in global warming.

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