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The Latest Breaking News from World Bank

How much is the Russia-Ukraine war costing?

It’s been almost 18 months since Russia began its invasion of Ukraine and an end to the conflict between the two states seems no closer.

The Week · Aug 10, 2023

Was the Radical Left Correct About the IMF and World Bank?

Alex Gladstein on how "monetary colonialism" has crippled the Third World

Reason · Aug 9, 2023

World Bank says no new funding to Uganda over anti-gay law

The World Bank says it will not consider new loans to Uganda after the East African country earlier this year enacted an anti-gay bill that rights groups and others have condemned

The Independent UK · Aug 9, 2023

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World Bank halts new loans to Uganda over anti-LGBTQ law

US-based lender says controversial anti-gay law contradicts its values.

Al Jazeera · Aug 9, 2023

Khandre asks officials to prepare DPR for ₹840-crore K-Shore project to clear sea of plastic waste

Minister Khandre directs officials to prepare a project report to prevent plastic waste from entering Karnataka's coastline. World Bank proposed K-Shore project to minimize plastic entry and remove existing plastic from sea. Delegation suggests fishermen help in process, as cleaning sea of plastic could be more remunerative than fishing. World…

The Hindu · Aug 8, 2023

Banks from 4 Arab countries are in talks to invest in struggling Lebanese banks, official says

Banks from four Arab countries are interested in investing in Lebanon’s struggling banking sector, which has been hard-hit by the small nation’s three-year economic meltdown

The Independent UK · Aug 3, 2023

Rate hikes may have slowed inflation in the US – but they have also heightened the risk of financial crises for lower-income nations

The campaign to fight U.S. inflation by upping interest rates has been going on for a year and a half – and its impacts are being felt around the world.

The Conversation · Aug 1, 2023

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Now a wanted man, Lebanon’s central bank head steps down

Amid accusations of fraud, a tarnished end to a governorship that started in 1993 at the request of the PM.

Al Jazeera · Jul 31, 2023

Along with Japan and India, China can join debt relief effort for Sri Lanka: Nirmala Sitharaman

Ms. Sitharaman said that a comprehensive, better and quicker approach is required to address the problem within the common framework of the IMF and World Bank, as well as “outside” it.

The Hindu · Jul 29, 2023

Morning Digest | Supreme Court asks Centre, six States to respond to plea on lynchings; INDIA MPs to visit Manipur, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day.

The Hindu · Jul 29, 2023

World Bank to provide assessment of damages due to Himachal floods

The World Bank has offered to provide full support to flood-affected Himachal Pradesh and will provide a comprehensive assessment of the damages which will aid reconstruction efforts, a statement issued here on Friday said.

The Hindu · Jul 28, 2023

Explained | Is there a rural bias in national surveys?

Govt of India appointed Pronab Sen panel to review NSO methodology due to articles by Ravi and Debroy claiming outdated survey methodology underestimates India's development. Mohanan and Kundu argue no systematic underestimation, but errors should be minimised. Examining NFHS data, no systematic rural bias found. Pronab Sen Committee should address…

The Hindu · Jul 24, 2023

Top economists call for action on runaway global inequality

Gulf between rich and poor increases risk of climate breakdown as well as entrenches poverty, says letter to UN and World Bank

The Guardian - UK · Jul 17, 2023

Kerala seeks quick nod for KERA

Agriculture Minister P. Prasad has urged the Central government to expedite the approval for the World Bank-assisted Kerala Economic Revival Program (KERA) aimed at agricultural revival through socio-economic interventions.

The Hindu · Jul 14, 2023

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The Conversation · Jul 13, 2023

Looking for work? 3 tips on how social media can help young South Africans

South Africa has a growing unemployment rate. Statistics show the unemployment rate to be above 60% for those aged 15-24 and over 40% for those aged 25-34 years. Rankings from the World Bank position South Africa as having the highest unemployment rate in the world.

Al Jazeera · Jul 7, 2023

China-based development bank rejects claims of CCP control

Asian Infrastructure Investment Bank says internal review shows lender follows ‘highest standards’ of governance.

The Hindu · Jul 6, 2023

Pakistan hopes India would implement Indus Waters Treaty in 'good faith'

Pakistan has expressed the hope that India would implement the Indus Waters Treaty in “good faith” after New Delhi

The Hindu · Jul 6, 2023

India rejects ruling by Permanent Court of Arbitration in dispute with Pakistan

Bagchi said India’s consistent and principled position has been that the constitution of the so-called Court of Arbitration is in contravention of the provisions of the Indus Waters Treaty.

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Tribune News Service · Jul 5, 2023

Spending bill targets Kerry’s office, global climate spending

WASHINGTON -- House Republican appropriators want to eliminate funding for John Kerry’s position as President Joe Biden’s special envoy and for other international climate efforts.

Roll Call · Jul 5, 2023

Spending bill targets Kerry's office, global climate spending - Roll Call

House Republican appropriators want to eliminate John Kerry's job, one of the cuts they would make to climate spending.

Al Jazeera · Jul 4, 2023

Is a global debt bomb about to explode?

The majority of low-income nations are on the cusp of a debt crisis, sparking fears of global contagion.

The Hindu · Jul 4, 2023

Morning Digest | ‘Human error’ led to Balasore train tragedy, says report; NCP feud festers, goes to Maharashtra Assembly Speaker’s court, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu · Jul 3, 2023

India doubles its share of global commercial services exports between 2005 and 2022: World Bank & WTO report

India has doubled its share of global commercial services exports to 4.4% in 2022 from 2% in 2005, according to a World Bank and World Trade Organization (WTO) report.

Bangkok Post · Jul 3, 2023

Indonesia regains upper-middle income rank on growth rebound

A strong post-pandemic rebound has pushed Indonesia back into the upper-middle income band of countries, according to the World Bank, putting it back on track to pursue its high-income status goal.

Bangkok Post · Jun 30, 2023

Eppo prepping hydrogen pilot project

Energy officials plan to push ahead with hydrogen fuel development in an effort to make it one of the main fuels used in the power, transport and industrial sectors, with the aim of becoming less dependent on fossil fuels, says the Energy Policy and Planning Office (Eppo).

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