The Latest Breaking News from World Bank

‘Cash, coal, cars and trees’: what progress has been made since Cop26?

Six months on, the war in Ukraine and ongoing Covid-19 pandemic have derailed some changes agreed on in Glasgow

The Guardian - UK · May 14, 2022

Pricey tortillas: LatAm's poor struggle to afford staples

Across Latin America, the sharpest price spike in a generation has left many widely consumed local products suddenly hard to attain

The Independent UK · May 13, 2022

Biden Says US Ready To Share COVID-19 Vaccine Related Technology

President Joe Biden said that the U.S. will share technologies used to make COVID-19 vaccines through the World Health Organization and is working on expanding rapid testing and antiviral treatments for hard-to-reach populations. "We are making available health technologies that are owned by the United States government, including stabilized spike protein that…

Benzinga · May 13, 2022

World Bank Urges Donors to Boost Financial Support for Palestinian Authority

The World Bank urged on Monday donors to boost support for the Palestinian Authority (PA), which it said was facing a destabilizing budget crisis linked partly to “record low” foreign aid contributions. In a report, published ahead of a donor conference in Brussels, the World Bank paints a contrasting view…

Asharq Al-Awsat · May 10, 2022

World Bank Approves Emergency Loan to Fund Wheat for Lebanon

The World Bank (WB) approved a $150 million emergency loan for food security to support wheat imports to Lebanon and provide stability of bread prices during the coming nine months, a Lebanese minister announced on Monday. Economy and Trade Minister Amin Salam said in a press conference that he had…

Asharq Al-Awsat · May 10, 2022

Sri Lanka is the first domino to fall in the face of a global debt crisis

The south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the last

The Guardian - UK · May 9, 2022

World Bank grants Lebanon $150 million food security loan

Lebanon's economy minister says the World Bank has approved a $150 million soft loan for food security in crisis-hit Lebanon to stabilize bread prices during the coming months

The Independent UK · May 9, 2022

Costa Rica's new leader takes over with a blast at the past

Rodrigo Chaves has begun a four-year term as Costa Rica’s new president, taking office with a lengthy list of reproaches for his predecessor and the country’s political class while promising great change

The Independent UK · May 8, 2022

$100 Billion Needed Annually to Sustain Infrastructure in MENA Region

Navid Hanif, Director of Financing for Sustainable Development Office at the United Nations, said that the Middle East and North Africa region would need to spend at least 8.2 percent of GDP to achieve infrastructure goals by 2030. “With the population of the Middle East and North Africa expected to…

Asharq Al-Awsat · May 8, 2022

NGT clears decks for inland waterway project on Ganga river from Prayagraj to Haldia

The Inland Waterways Authority told the tribunal that the Allahabad High Court, in its April 28, 2016, order, allowed the project subject to receipt of all required statutory clearances

The Hindu · May 7, 2022