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The Latest Breaking News from World Bank

Egypt to Receive $500Mln Loan from World Bank to Address Food Shortage Crisis

The World Bank’s Board of Executive Directors approved on Wednesday a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, strengthen Egypt’s resilience to food crises and support reforms in food security policies, including to improve nutritional outcomes. In a…

Asharq Al-Awsat

US Disburses $1.3 bn of Promised Aid to Ukraine

The US Treasury Department announced Wednesday the transfer of $1.3 billion in economic aid to Ukraine as part of the initial $7.5 billion promised to Kyiv by the Biden administration in May. "With this delivery of economic assistance, we reaffirm our resolute commitment to the people of Ukraine as they…

Asharq Al-Awsat

Russia quits Black Sea outpost of Snake Island in blow to blockade of Ukraine

Russian forces have abandoned their positions on Snake Island, a Ukrainian outpost in the Black Sea, weakening their blockade of Ukraine's ports, Ukrainian defence officials said on Thursday. US President Joe Biden said Washington will announce an additional $800 million in military aid for Kyiv at the close of a…

France 24

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World Bank views Thai uptick at 2.9%

Thailand's economy is expected to expand by 2.9% in 2022, unchanged from a forecast in April, supported by private consumption and a tourism recovery, according to the World Bank.

Bangkok Post

World Bank agrees $500m to help Egypt fund wheat purchases

Egypt will receive $500 million loan from the World Bank to help the Arab world's most populous country finance its purchases of wheat

The Independent UK

World Bank Approves $130M Loan to Tunisia to Finance Wheat Imports

The World Bank has said it approved a $130 million loan to Tunisia to finance wheat imports.

Asharq Al-Awsat

Yemen Agrees with World Bank to Support Institutions, Achieve Economic Recovery

The World Bank agreed to support government institutions and achieve economic recovery in Yemen, Prime Minister Maeen Abdulmalik has announced. Abdulmalik said Yemeni officials met with World Bank and International Finance Corporation officials in Aden. The meeting resulted in an agreement on boosting the Bank's presence in the interim capital…

Asharq Al-Awsat

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Ukraine latest updates: Battle for Lysychansk city grinds on

Ukraine news from June 29: Lysychansk is last eastern stronghold following retreat of Ukraine forces from Severodonetsk.

Al Jazeera

World Bank to double educational funding for Central, West Africa

The World Bank Group seeks to double its funding for education in the Western and Central African region by 2025 to accelerate the work of educational reforms, a senior official of the bank said here late Monday.

Dynamite News

How G7 can help those with debt

From the weekend until today, G7 leaders have gathered in Germany to discuss a litany of overlapping global crises, including the war in Ukraine, food insecurity, inflation, backlogged global supply chains, the pandemic response and climate change. These challenges have a common denominator: All are falling hardest on low- and…

Bangkok Post

World Bank approves $250 mn loan for road safety

The project will be implemented in seven States

The Hindu

UN-Habitat’s Ali: We Look Forward to Cooperation with Saudi Arabia

A recent World Bank report revealed the need to invest $4.5 trillion annually in urban infrastructure, indicating that making it low-carbon and climate-resilient requires increasing investment by 9% to 27%. The World Bank’s recommendation comes at a time when a UN forum under the theme of “Transforming Our Cities for…

Asharq Al-Awsat

PM Hasina opens Bangladesh’s longest bridge over River Padma

Experts say the 6.15km bridge, built at a cost of nearly $4bn, will connect the southwest of the country to Dhaka.

Al Jazeera

State to aid solid waste management plans of local bodies

He held discussions with a delegation from the World Bank

The Hindu

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The Independent UK

Bangladesh marks opening of country's longest bridge

Bangladesh’s Prime Minister Sheikh Hasina has celebrated the opening of the country’s longest bridge, which took eight years to build amid setbacks involving political conflict and corruption allegations

Newslaundry

Daily Dose Ep 1081: Maharashtra crisis, Assam floods, Ukraine war

Jude Weston brings you the news from the Reserve Bank of India, Maharashtra, the Supreme Court, and the World Bank.

Reuters

Latin America's kids slid into education black hole during pandemic

In Bolivia's highland city La Paz, Maribel Sanchez's children spent much of the last two years huddling over a small smartphone screen to attend online classes amid a lengthy lockdown due to the coronavirus pandemic.

The Conversation

Helping Afghanistan after earthquake will be hard: 3 questions answered

Afghanistan’s deadliest earthquake in more than two decades took place on June 22, 2022, killing more than 1,000 people and injuring at least 1,600. The disaster struck a remote mountainous region and came at a time when millions of Afghans are experiencing severe poverty and hunger. Since the Taliban, which…

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The Conversation

Firms from rich countries are taking factories home: what this means for Africa

There is no doubt that globalisation has benefited Africa greatly. This includes job creation, innovation, increased productivity and foreign direct investment.

Bangkok Post

Myanmar's crises: A recipe for disaster

'The military exploits [natural resources] as they like, and we do what we like," says Myint, who lives in Khamti township in north-western Sagaing region -- one of the sites with the most clashes between the Myanmar military and resistance forces. "Everyone knows that one day there'll be no more…

The Conversation

Triple punch of shocks threatens to upend debt sustainability and recovery in Africa

Food and fuel price increases and the aftermath of the COVID pandemic are really just the start of the story when it comes to fiscal shocks which have exacerbated government debt vulnerabilities in Africa.

The Conversation

After decades of loss, the world's largest mangrove forests are set for a comeback

Mangroves ring the shores of many of Indonesia’s more than 17,000 islands. But in the most populated areas, the world’s largest mangrove forests have been steadily whittled away, and with them, the ability to store blue carbon.

The Independent UK

Lebanon, Syria and Egypt sign deal to supply Beirut with gas

Lebanon, Egypt and Syria have signed an agreement to import Egyptian gas to a power plant in northern Lebanon through Syria

Asharq Al-Awsat

World Bank Warns of ‘Hidden Hunger’ in Palestine’s West Bank, Gaza Strip

The World Bank has warned of “hidden hunger” resulting from the heightened food insecurity in the West Bank and Gaza Strip. It published a report on Monday expressing concern over the poor nutritional status of the Palestinian population, underlining the high prevalence of micronutrient deficiencies among groups for whom good…

Asharq Al-Awsat

Lebanon Says ‘Final’ Gas Deal with Egypt to Be Signed June 21

Lebanon will sign a "final" agreement to import gas from Egypt on June 21, its energy ministry told Reuters, after months of delays to a plan viewed as critical to boosting power supplies for Lebanon's stricken economy. The plan, first floated in summer 2021, is part of a US-backed effort…

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