The Latest Breaking News from World Bank

Afternoon Update: Unemployment rises to 3.7%; Queensland shooting declared terrorism; and the ‘perfect’ cosmic explosion

Jim Chalmers says there are ‘human consequences’ for slowing economy

The Guardian - AU · Feb 16, 2023

World Bank head criticised over climate stance to step down early

David Malpass led lender through crises including the war in Ukraine but faced criticism over stance on climate change.

Al Jazeera · Feb 16, 2023

David Malpass is stepping down as president of the World Bank

Appointed by then-President Trump in 2019, he is leaving before his five-year term expires. Malpass faced backlash over his comments at Climate Week NYC in 2022.

WEKU · Feb 15, 2023

Yellen wants bolder World Bank steps on climate change, global issues

U.S. Treasury Secretary Janet Yellen urged the World Bank to map out "bolder and more imaginative" steps on Thursday to address global challenges such as climate change even as it continues to aid individual developing countries.

Reuters · Feb 9, 2023

In South Africa, ‘load shedding’ takes a toll on small businesses

Small business owners say the scheduled power cuts are hurting their daily operations.

Al Jazeera · Feb 9, 2023

Inflation and recession: Can the world defeat both in 2023?

No, it must accept one, per conventional wisdom. But Europe’s showing another way, though it won’t be painless either.

Al Jazeera · Feb 9, 2023

Time to prepare for the next health emergency

The Covid-19 pandemic has exposed the weaknesses and lack of preparedness of health systems globally. When the virus was at its peak, many low- and middle-income countries struggled to save lives while sustaining essential medical services such as maternal health care, routine childhood immunisation, and the treatment of non-communicable diseases.

Bangkok Post · Feb 8, 2023

World Bank Funds Equipping 1,000 Schools in Yemen

The World Bank has launched a project to restore education in Yemen. It aims at facilitating the return of children to schools by providing incentives for teachers and meals for children as well as equipping and rehabilitating more than 1,000 schools across Yemen. “More than 2.4 million school-aged Yemeni girls…

Asharq Al-Awsat · Feb 5, 2023

World Bank resumed parallel proceedings on concern over Indus Water Treaty - spokesman

- The World Bank said its decision to allow two separate proceedings to resolve a long-running disagreement over water between India and Pakistan to run in parallel was because it feared the stalemate endangered the historic Indus Water Treaty.

Reuters · Feb 3, 2023

‘Riding a rollercoaster’ in Myanmar’s post-coup economy

Deepening conflict, sudden changes to regulations and a lack of transparency have made business increasingly hard.

Al Jazeera · Feb 2, 2023