The Latest Breaking News from World Bank

London conference urges private investors to help Ukraine rebuild

Britain opens a recovery conference for Ukraine on Wednesday with a promise to unlock $3 billion worth of World Bank loans to help rebuild the war-ravaged country, even as Russia’s invasion continues.

Radio France Internationale · Jun 21, 2023

Paris summit aims to shake up the financial system. It will test leaders' resolve on climate

Heads of state, finance leaders and activists are converging in Paris to seek ways to overhaul the International Monetary Fund and World Bank and usher the global development banks into a post-pandemic world with a rapidly changing climate

The Independent UK · Jun 21, 2023

Russia’s Wagner mercenary chief says Moscow ‘misleading Russians’ over Ukraine offensive

Wagner chief Yevgeny Prigozhin on Wednesday contradicted Russian President Vladimir Putin’s insistence that that there was a “lull” in Ukraine’s counteroffensive, saying in an audio message that “huge chunks” of Ukrainian territory have been regained by its army. Read our live blog to see how all the day's events unfolded.…

France 24 · Jun 21, 2023

Paris summit seeks pact to repair broken global financial system

French President Emmanuel Macron will host world leaders in Paris this week for a summit to overhaul a global financial system dating back 80 years so the world is better able to respond to climate change and future pandemics.

Radio France Internationale · Jun 19, 2023

Gold fraud: the Goldenberg scam that cost Kenya billions of dollars in the 1990s – and no one was jailed

The Goldenberg scandal in the early 1990s is Kenya’s largest documented gold fraud. The scheme involved Goldenberg International Limited, which pretended to export gold and diamonds, and in exchange received substantial subsidies from the government for “earning” foreign exchange. Kenyan businessman Kamlesh Pattni – who was at the centre of…

The Conversation · Jun 18, 2023

‘Countries are drowning’: climate expert calls for urgent rethink on scale of aid for developing world

World needs to offer trillions, not billions in overseas support, says leading climate economist Avinash Persaud

The Guardian - UK · Jun 18, 2023

World Bank approves $150-million loan for Resilient Kerala programme

The World Bank’s Board of Directors has approved a $150-million loan to support the Resilient Kerala programme designed to strengthen Kerala’s preparedness for natural disasters, climate change impact, and disease outbreaks.

The Hindu · Jun 17, 2023

Paris talks to focus on funding poor countries to tackle climate crisis

World leaders will meet next week to discuss climate finance, green growth, debt and private investment

The Guardian - UK · Jun 17, 2023

UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order

From the ashes of World War II, three institutions were created as linchpins of a new global order

The Independent UK · Jun 17, 2023

The west has broken its promises to developing countries – and we’re all paying the price

A summit in Paris this month offers a way to tackle this disastrous failure, but only if western leaders bother to turn up, says the Guardian’s economics editor, Larry Elliott

The Guardian - UK · Jun 15, 2023