The Latest Breaking News from World Bank

How likely is progress on climate at Cop27?

Potential outcomes on 1.5C, climate finance, adaptation funding, loss and damage, World Bank reform and African gas

The Guardian - UK · Nov 9, 2022

Nigeria, Pakistan, Philippines and Australia. What can we learn from the world's devastating floods?

Extreme weather is drowning many parts of the world with countries lacking the resilience and funding to cope with the devastating downpours. What can we learn from these global floods and what solutions are on the table at COP27?

ABC News · Nov 8, 2022

Developing countries ‘will need $2tn a year in climate funding by 2030’

Report co-written by Nicholas Stern says figure required to switch away from fossil fuels and cope with extreme weather impacts

The Guardian - UK · Nov 8, 2022

World Bank: Saudi Green Initiatives Will Grow Region’s Economy to $13 Trillion by 2050

The World Bank confirmed that Saudi green initiatives will grow the region's economy to $13 trillion by 2050.

Asharq Al-Awsat · Nov 1, 2022

Rating Agencies Cite ‘Cautious’ Positive Outlook for Lebanon after Maritime Demarcation Deal with Israel

The conclusions of two international credit rating agencies agreed on the initial positive outlook for Lebanon and its economy following its signing of the US-mediated sea border deal with Israel. “The agreement is credit positive for Lebanon because it establishes the necessary geopolitical security conditions for international energy companies to…

Asharq Al-Awsat · Oct 28, 2022

Explained: Where are the women in Indian newsrooms?

Latest government data shows that the labour force participation rate of women in India fell from 43 percent in 2005 to 25 percent in 2021. According to the World Bank, the number of working women in India fell from 26 percent in 2010 to 19 percent in 2020.

Newslaundry · Oct 28, 2022

Deputy premier hopeful for 2023

Thailand's economy should not succumb to the global economic slowdown projected for next year, but rather continue its recovery propelled by new infrastructure development and increasing digital know-how among people, says Deputy Prime Minister Supattanapong Punmeechaow.

Bangkok Post · Oct 27, 2022

Fight against poverty has ground to a halt, World Bank warns

The Covid-19 pandemic and Russia's invasion of Ukraine have reversed three decades of progress in reducing poverty, according to the World Bank, which is warning that the global goal of eradicating extreme poverty by 2030 is now out of reach. In its latest report, the Washington-based lender estimates that 70…

France 24 · Oct 27, 2022

World Bank warns Solomon Islands of unsustainable debt without reform

The Solomon Islands will need to implement fiscal reforms such as alterations to its tax system and more efficient public spending or its debt levels may become unsustainable, the World Bank said in a report on Wednesday.

Reuters · Oct 26, 2022

India's crisis a self-inflicted catastrophe

Nearly 80% of the estimated 70 million people around the world who fell into extreme poverty at the onset of Covid-19 in 2020 were from India, a recent World Bank report has revealed. But even this shocking figure could be an underestimation, as the lack of official data makes it…

Bangkok Post · Oct 25, 2022