The Latest Breaking News from World Bank

The World Bank’s Big Week

What to know ahead of the institution’s annual meetings.

Foreign Policy · Oct 8, 2023

IMF clings to a hopeful agenda as crisis follows crisis

At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again

The Guardian - UK · Oct 8, 2023

Cautious welcome: World Bank and IMF return to Africa, but questions remain

The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-October. The city and country are still reeling from a devastating earthquake in early September.

The Conversation · Oct 5, 2023

Allocation of funds in Karnataka gram panchayats influenced by the elite, says World Bank research paper

Though the Karnataka government has taken many legislative measures to decentralise powers to rural local bodies during the last three decades, fund allocations in gram panchayats (GPs) are most influenced by the elite, according to a research paper of the World Bank. Men and ‘upper’ caste individuals in GPs ensure…

The Hindu · Oct 2, 2023

India’s statistical performance on the global stage

Questions have been raised about the credibility of the statistics India produces and the competence of the official statisticians

The Hindu · Oct 1, 2023

Investigation launched into killings and evictions on World Bank tourism project

Tanzania government blamed for violence against villagers in national park, while thousands more people face losing their homes

The Guardian - UK · Sep 28, 2023

Somali piracy, once an unsolvable security threat, has almost completely stopped. Here's why

In 2011, pirates carried out 212 attacks in a vast area spanning Somali waters, the Indian Ocean, the Red Sea and the Gulf of Aden, actions that the World Bank said cost the world economy US$18 billion a year.

The Conversation · Sep 27, 2023

I don't have house in my name, but my govt turned lakhs of daughters in country house-owners: PM Modi

PM Modi launched various development projects worth over ₹5,000 crore, including projects worth ₹4,500 crore related to education sector in Gujarat

The Hindu · Sep 27, 2023

Jaishankar, Guterres discuss reform of global financial institutions and sustainability

External Affairs Minister Jaishankar held talks with UN secretary general Guterres and UNGA President Francis on India's G20 Presidency, reform of international financial institutions and India's advocacy for the Global South. He also discussed development partnership, millets and rice production, digital delivery and defense cooperation with Madagascar Foreign Minister Sylla.…

The Hindu · Sep 25, 2023

Who wants to rule the world? I will, says Joe Biden. No, it’ll be me, says Xi Jinping

The US and China are building rival global coalitions as the UN stumbles. Tackling collective challenges will be harder in a fragmented world

The Guardian - UK · Sep 23, 2023