The Latest Breaking News from World Bank

World Bank To Operate 'Loss And Damage' Climate Fund

The World Bank will "operate" an ambitious new climate change fund, but donors and recipients will likely control how the money is actually spent, the head of the development lender said Friday.

International Business Times · Dec 1, 2023

McDonald's reworks classic burger with 50 tweaks

It's been seven years in the making, but McDonald's is now rolling out 50 tweaks to its classic hamburger in the US. The global food chain hopes to make its signature product taste better and less dry. Also in this business update, the World Bank increases its climate pledges at…

France 24 · Dec 1, 2023

Inflation, Unemployment Weigh On DR Congo Leader's Economic Gains

President Felix Tshisekedi, who once vowed to transform DR Congo into "the Germany of Africa", has promised to create jobs if he is re-elected, after a first term marked by economic growth but soaring inflation.

International Business Times · Dec 1, 2023

Feud over 'loss and damages' fund risks derailing climate talks

Despite the so-called “breakthroughs” made ahead of this week’s Cop28 talks, ongoing disputes over a Loss and Damages Fund for poor countries battling climate disasters will prevent the financing tool from ever being workable, critics warn.

Radio France Internationale · Nov 28, 2023

What is gas flaring? Toxic air affects millions in the Middle East

Flaring is a waste of a precious natural resource that could be conserved or put to better use, such as producing electricity

Evening Standard · Nov 28, 2023

Climate funding is in short supply. So some want to rework the financial system

Efforts to boost climate financing have moved beyond national pledges. Now the focus is on overhauling organizations like the World Bank and providing countries debt relief.

WEKU · Nov 28, 2023

FAQ: Annual climate negotiations are about to start. Do they matter?

World leaders, climate experts and oil company executives converge on Dubai later this week to talk about climate change at the United Nations COP28 meeting. Here's what you need to know.

WEKU · Nov 27, 2023

Climate adaptation funds are not reaching frontline communities: what needs to be done about it

Communities around the world face increasingly severe and frequent impacts from climate change. They are on the “frontlines” of droughts, flooding, desertification and sea level rise.

The Conversation · Nov 26, 2023

Africa's young leaders demand financial aid to combat extreme weather events

Young people in Africa have called on developed countries to double the funding for climate change adaptation in Africa.

Radio France Internationale · Nov 25, 2023

Top Producer Ivory Coast Fears For Cocoa Output After Rains

"Thirty years I've been in cocoa -- and this is the worst season yet," said Siaka Sylla as he contemplated an almost empty warehouse at his cooperative in Ivory Coast, the world's top producer of the bean.

International Business Times · Nov 24, 2023