The Latest Breaking News from World Bank

Western Brands Divided Over 'Made in Myanmar' After Coup

Western retailers are increasingly divided over whether to buy clothes made in Myanmar, a country that had emerged as one of the world's fastest-growing garment exporters before the military staged a coup last year.

Bangkok Post · Oct 5, 2022

Goal of ending extreme poverty by 2030 out of reach, report says

Effects of COVID and Ukraine war make it unlikely for eradicating extreme poverty by decade’s end, World Bank says.

Al Jazeera · Oct 5, 2022

World Bank says goal of ending extreme poverty by 2030 unlikely to be met

Shocks related to the COVID-19 pandemic and the war in Ukraine mean the world is unlikely to meet a longstanding goal of ending extreme poverty by 2030, the World Bank said in a new report released on Wednesday.

Reuters · Oct 5, 2022

World Bank: Ukraine's war-torn economy will sink 35% in '22

Devastated by Russia’s invasion eight months ago, the Ukrainian economy will plunge 35% this year

The Independent UK · Oct 4, 2022

Cop27 host Egypt warns UK not to backtrack from climate agenda

Unusual diplomatic intervention prompted by fears over Liz Truss’s commitment to net zero

The Guardian - UK · Oct 3, 2022

Four decades on, World Bank funded beneficiaries in city slums yet to get sale deeds

A report released by IRCDUC observes the key issue in the issuance of sale deeds is the non-transfer of land to TNUHDB by other departments

The Hindu · Oct 3, 2022

World Bank criticised over climate crisis spending

Oxfam research suggests up to 40% of bank’s reported climate-related spending cannot be accounted for

The Guardian - UK · Oct 3, 2022

High interest rates paid by poorer nations spark fears of global debt crisis

Campaigners say low-income countries urgently need debt relief on foreign borrowings as their interest rates soar

The Guardian - UK · Oct 2, 2022

World Bank to Give Ukraine $530 Mln in Additional Aid

The World Bank has said it will provide an additional $530 million in support to Ukraine, bringing the total aid by the bank to $13 billion, as Russia's invasion of the country continues, reported Reuters. The aid is supported by the United Kingdom ($500 million) and the Kingdom of Denmark…

Asharq Al-Awsat · Oct 1, 2022

Ukraine’s forces enter strategic town of Lyman as Russia ‘withdraws’ troops

Ukrainian forces on Saturday entered the eastern town of Lyman in the Donetsk region, a logistics hub for Russian forces that has been under Moscow’s control since spring, a spokesperson for Ukraine’s military said. Russia’s defence ministry said its troops had withdrawn from the town hours after Ukraine’s army said…

France 24 · Oct 1, 2022