The Latest Breaking News from World Bank

It is the people of Pakistan who are suffering

A humanitarian act can also be part of smart diplomacy, and India ought to make a distinction between Islamabad and the people of the country

The Hindu · Sep 19, 2022

Tanzania and Zambia want to upgrade the 'Uhuru Railway' – but can they?

Half a century ago, the Tanzania-Zambia Railway (Tazara) stood out as a crucial symbol of Africa’s struggle for independence. The 1,860km-long railway connects Kapiri Mposhi in Zambia with Dar es Salaam at the Indian Ocean.

The Conversation · Sep 19, 2022

World Bank Urges PA to Implement More Administrative, Financial Reforms

The World Bank (WB) said in a report issued Sunday that Palestinian reforms are needed on both the revenue and expenditure sides for a more sustainable fiscal position, stressing that the Palestinian Authority’s (PA) progress in its reform agenda will be met with robust support from international partners. The World…

Asharq Al-Awsat · Sep 19, 2022

Daily Dose Ep 1152: Kejriwal ‘doesn’t understand liquor policy scam’, World Bank warns of global recession

Anwiti Singh brings you the news from New Delhi, Maharashtra, Samarkand, the World Bank, and NASA. 

Newslaundry · Sep 16, 2022

Who funds CPR, the ‘centrist’ think tank under Income Tax scanner?

The Centre for Policy Research, which has recently come under the tax scanner for alleged irregularities in funding, prides itself on staying true to its “non-partisan” and “independent” values. Since its inception in 1973, the think tank has undertaken studies on almost every topic under the sun, and its academic…

Newslaundry · Sep 16, 2022

Pound drops to fresh 37-year low against dollar, as retail sales fall sharply – as it happened

Risk of UK recession heightens with retail slump, while World Bank warns of global recession

The Guardian - UK · Sep 16, 2022

ASX dives again amid rate rise and recession fears, gold and oil stocks fall

The ASX and Wall Street stumble again on worries about steep interest rate rises next week by the Federal Reserve, and after the Reserve Bank governor says more rate rises are needed to curb inflation. The World Bank warns of a global recession because of higher rates.

ABC News · Sep 15, 2022

How central banks are risking a global recession

Major economies are delivering interest rate increases to quash domestic inflation.

Axios · Sep 15, 2022

World Bank earmarks $30 billion to help offset food shortages worsened by war in Ukraine

The World Bank is willing to provide up to $30 billion to combat global food shortages aggravated by Russia's invasion of Ukraine and has so far disbursed almost $10 billion in financial aid pledged to Kyiv, a senior bank official said on Thursday.

Reuters · Sep 15, 2022

Factbox-Just how bad is Lebanon's economic crisis?

Savers held up two banks in Lebanon on Wednesday to demand access to their own deposits frozen in the country's paralysed financial system, underlining desperation among citizens unable to access savings since an economic crisis began in 2019.

Reuters · Sep 14, 2022