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The Latest Breaking News from World Bank

World Bank puts Thai growth at 3.9%

Thailand's economy is projected to expand 3.9% in 2023 from 2.6% last year because of stronger demand from China, Europe and the US, private consumption growth and a recovery in tourism, says the World Bank in its semi-annual Thailand Economic Monitor.

Bangkok Post · Jun 29, 2023

World Bank to provide nearly ₹3000 crore for flood prevention in the city

The State government is in the final stages of finalising an action plan for a World Bank project to prevent floods in the city. The project will make a whopping ₹3000 crore available for flood mitigation in the city, parts of which have been flooded over the years including in…

The Hindu · Jun 28, 2023

Pedro Pascal and World Bank's Ajay Banga among those named to Carnegie's 2023 Great Immigrants list

World Bank President Ajay Banga, Oscar winner Ke Huy Quan, singer-songwriter Alanis Morissette and “The Mandalorian” star Pedro Pascal are on this year’s Great Immigrants list from the Carnegie Corporation of New York

The Independent UK · Jun 28, 2023

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World Bank lifts Thailand growth forecast

The World Bank has upgraded its economic growth forecast for Thailand, saying improved performance will be helped by private consumption growth and a recovery in tourism.

Bangkok Post · Jun 28, 2023

How Thailand's welfare state could change

For the past few decades, many countries have been working towards providing "healthcare for all", including equity in access to healthcare and healthcare financing.

Bangkok Post · Jun 28, 2023

‘We could lose our status as a state’: what happens to a people when their land disappears

Small island countries press for guarantees as rising sea levels risk leaving their citizens stateless

The Guardian - UK · Jun 27, 2023

World Bank: Myanmar recovery years away

The economy of Myanmar has shown some signs of stabilising in the first half of this year but it is unlikely to recover to pre-Covid levels until 2027 or 2028, according to the World Bank.

Bangkok Post · Jun 27, 2023

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World Bank approves $391 million for Assam, Tripura to boost healthcare, economic opportunities

The World Bank on June 26 approved $391 million in financing to improve access to high-quality healthcare services and to economic opportunities for people in Assam and Tripura

The Hindu · Jun 27, 2023

Ticket to freedom: free bus rides for women spark joy for millions in Karnataka

The state government has launched free bus travel for women in an attempt to boost employment, and the change has been heartily welcomed

The Guardian - AU · Jun 26, 2023

World Bank approves $255.5 million loan for better technical education in government-run institutions in India

The World Bank has approved a $255.5 million loan for improving the quality of technical education in government-run institutions in India.

The Hindu · Jun 24, 2023

Paris finance reforms could untie poor countries’ hands in climate crisis

Changes to the World Bank could unlock developing states access to loans and to the means of staving off disaster

The Guardian - UK · Jun 23, 2023

Paris climate finance summit fails to deliver debt forgiveness plan

Countries in debt distress thrown financial lifeline but critics say measures fall short of what is needed

The Guardian - UK · Jun 23, 2023

Rich nations pledge to unlock hundreds of billions for climate fight

Multilateral development banks like the World Bank are expected to find $200 billion in extra firepower for low-income economies by taking on more risk, a move that may require wealthy nations to inject more cash, world leaders said on Friday.

Radio France Internationale · Jun 23, 2023

World Bank consultant visits PJTSAU, holds discussions on climate change challenges

The university management explained to him the work being done by the university and the issues related to agriculture in the State.

The Hindu · Jun 23, 2023

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The Guardian - UK · Jun 23, 2023

Governments at Paris summit to finalise climate finance roadmap

Almost 40 leaders to present plans for overhaul of public financial institutions including World Bank

Radio France Internationale · Jun 23, 2023

EU and Western allies commit to Ukraine's post-war reconstruction

The European Union and Ukraine's Western allies have promised to make Russia pay for its invasion, as governments and private investors met in London this week look at funding the country's reconstruction from the ravages of war.

Radio France Internationale · Jun 23, 2023

'We only have this planet': Barbados PM urges unified climate finance response

Between brainstorming ways to fix the global financial system and appearing onstage at a Paris pop concert, Barbados Prime Minister Mia Mottley stopped to record a message about the storm looming near her Caribbean nation.

The Guardian - UK · Jun 22, 2023

World Bank offers developing countries debt pauses if hit by climate crisis

Move at Paris summit on global finance will only apply to repayments on new loans

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The Independent UK · Jun 22, 2023

Shifting S. Africa coal plant for clean energy needs millions in loans; experts say that's a problem

Plumes of heat-trapping pollutants last billowed from the giant stacks of South Africa's Komati Power Station in October

The Guardian - AU · Jun 22, 2023

The climate crisis is this century’s biggest threat. We need a global finance pact that reflects the task ahead

As climate change ministers, we urge multilateral banks to come together to help vulnerable nations, who face cascading challenges

Radio France Internationale · Jun 22, 2023

Macron opens Paris summit to help developing nations face climate crisis

Heads of state, finance leaders and activists from around the world are converging in Paris to attend a summit which aims to overhaul the world's development banks and help developing countries face the challenges of a warmer and stormier world.

France 24 · Jun 21, 2023

Marshall Plan for Ukraine? Allies pledge billions as war rages on

$400 billion is how much the World Bank estimates could be needed to rebuild Ukraine. This Wednesday at a major conference in London, Ukraine's allies did promise significant chunks of cash – not just for the war effort but also for Ukraine's reconstruction. But with the conflict still raging and…

France 24 · Jun 21, 2023

Paris summit aims to overhaul global financial system for 'climate solidarity' with South

Around 50 heads of state, along with representatives from international institutions and civil society, will attend a summit hosted by French President Emmanuel Macron on Thursday and Friday in Paris. Their objective is to develop a new global financial system so the most vulnerable countries will be better equipped to…

The Conversation · Jun 21, 2023

Paris hosts summit to secure debt relief and climate cash for developing countries

On 22 and 23 June, Paris is hosting a summit for a “New Global Financing Pact” at the Palais Brogniart. Heads of state, international organisations and representatives of civil society will be gathering to discuss ways to boost solidarity toward the Global South. The aim is also to contribute to…

Evening Standard · Jun 21, 2023

Zelensky seeks to recruit army of CEOs to rebuild Ukraine after Putin’s destruction

Volodymyr Zelensky sought on Wednesday to mobilise an army of top bosses to rebuild Ukraine in the biggest reconstruction effort since the Second World War.

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