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The Latest Breaking News from World Bank

For thousands of families in Tamil Nadu, the promise of home belied

Tamil Nadu executed three World Bank-funded projects, mainly in Chennai, between 1977 and 1988, through which plots were sold to those residing in slums on a hire-purchase basis. The beneficiaries were to pay a monthly instalment for about 10 years to get ownership of the land. Four decades later, around 85,000…

The Hindu

State govt. to implement Tamil Nadu Coastal Restoration Mission at a cost of ₹1,675 crore over five years

Tamil Nadu Coastal Restoration Mission aims to strengthen coastal biodiversity, sustainable tourism, and reduce plastic waste with World Bank support.

The Hindu

Cabinet nod for World Bank-aided $285-million KERA project

The Cabinet on Wednesday cleared the Kerala Climate Resilient Agri-Value Chain Modernisation (KERA) Project aimed at modernising the State’s food and nutritional security. The World Bank-aided project has an outlay of $285 million. It places emphasis on the increased participation of small farmers and micro, small and medium enterprises (MSME)…

The Hindu

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2024 Global Growth forecast: Slowing Trend Continues

The World Bank predicts global growth to decelerate for the third year in a row in 2024, signaling potential challenges ahead. Stay informed!

Top News

Global economy will slow for a third straight year in 2024, World Bank predicts

Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024

The Independent UK

Risk of financial ‘wasted decade’ for poor countries, World Bank warns

Global economy set to slow for third year in 2024, with poor countries especially hard hit, body says

The Guardian - UK

China's capitalist reforms are said to have moved 800 million out of extreme poverty – new data suggests the opposite

It has become an article of faith among many economists that China’s pro-market reforms of the 1980s and 1990s ushered in a sustained reduction in poverty.

The Conversation

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Private Sector Funding Key To Climate Transition, World Bank Chief Says

The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.

International Business Times

Muhammad Yunus: Bangladesh's 'Banker To The Poor'

Jailed Nobel-winning microfinance pioneer Muhammad Yunus is celebrated around the world for helping millions of people out of poverty, but at home in Bangladesh he has a powerful enemy.

International Business Times

Moldova's Pro-EU President To Seek Second Term

Moldovan President Maia Sandu on Sunday said she would seek a second term next year as she looks to steer the former Soviet republic to EU membership.

International Business Times

World Bank injects 0 million to fuel Pakistan's economic growth

World Bank's financial boost of 0 million to Pakistan's RISE-II operation heralds new opportunities and economic growth, fueling optimism for the nation...

Top News

Myanmar's economy is deteriorating as its civil conflict intensifies, World Bank report says

The World Bank says Myanmar’s economy is forecast to grow only 1% in the fiscal year that ends in March

The Independent UK

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Al Jazeera

For Myanmar’s generals, energy crisis threatens shaky grip on power

Min Aung Hlaing’s administration is facing energy shortages as it struggles to quell opposition to its rule.

International Business Times UK

World Bank Faces Accusations of 'Turning Blind Eye' to Sexual Abuse in Kenyan Schools

The World Bank's failure to act on early warnings and reports of sexual abuse has perpetuated a culture of impunity.

The Conversation

Don't applaud the climate summit's loss and damage fund deal just yet – it might not warrant that standing ovation

Shortly after the opening ceremony of the 2023 United Nations climate negotiations in Dubai, delegates of nations around the world rose in a standing ovation to celebrate a long-awaited agreement to launch a loss and damage fund to help vulnerable countries recover from climate-related disasters.

The Guardian - UK

World Bank accused of ‘turning blind eye’ to sexual abuse in Kenyan schools it funded

Calls grow for independent inquiry after the bank’s internal watchdog found 21 cases of child sexual abuse by teaching staff

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The Hindu

World Bank recalls paper on decline in toilet usage in India

The paper titled “Progress on Sanitation in Rural India: Reconciling Diverse Evidence”, was published in September this year.

International Business Times

World Bank To Operate 'Loss And Damage' Climate Fund

The World Bank will "operate" an ambitious new climate change fund, but donors and recipients will likely control how the money is actually spent, the head of the development lender said Friday.

The Conversation

COP28 climate summit just approved a 'loss and damage' fund. What does this mean?

Day one of the COP28 climate summit saw the first big breakthrough: agreement on a “loss and damage” fund to compensate poor states for the effects of climate change.

The Guardian - UK

Who’s who at Cop28: the leaders with the world’s future in their hands

From fossil fuel chiefs to an outspoken UN secretary general, a look at who will attend the UAE’s climate summit

Radio France Internationale

Africa's young leaders demand financial aid to combat extreme weather events

Young people in Africa have called on developed countries to double the funding for climate change adaptation in Africa.

France 24

Malnutrition in Pakistan: Over 40% of children under five suffer from stunted growth

According to a recent World Bank report, more than 40 percent of children under the age of five in Pakistan suffer from stunted growth. The situation is especially worrying for some villages in Sindh province, where 66 percent of under-fives are affected. Stunting is closely linked to brain development and…

The Guardian - UK

Cop28 host UAE breaking its own ban on routine gas flaring, data shows

Exclusive: Fields run by climate summit host have burned gas near daily despite 20-year-old pledge, satellite monitoring reveals

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