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The Latest Breaking News from Ajay Banga

'Unintended Consequences': Friction At COP28 Over Green Trade

Inside the negotiating rooms and on the sidelines of the COP28 climate talks, simmering tensions over wealthy countries' "green trade" policies have been bubbling to the surface, with developing nations fearful they will be penalised.

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.

International Business Times

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

The Guardian - UK

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Rich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enough

Just like the Yom Kippur war 50 years before, the current conflict represents a grave threat to an already fragile global economy

The Guardian - UK

Severe debt burdens thwarting progress on climate and poverty, says World Bank

Bank’s new president Ajay Banga urges faster action on providing debt relief but says there is no ‘magic wand’

The Guardian - UK

The World Bank’s Big Week

What to know ahead of the institution’s annual meetings.

Foreign Policy

IMF clings to a hopeful agenda as crisis follows crisis

At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again

The Guardian - UK

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I don't have house in my name, but my govt turned lakhs of daughters in country house-owners: PM Modi

PM Modi launched various development projects worth over ₹5,000 crore, including projects worth ₹4,500 crore related to education sector in Gujarat

The Hindu

Clinton Global Initiative will return to New York with Jose Andres, Orlando Bloom, and Matt Damon

The Clinton Global Initiative 2023 will convene “leaders, innovators and dreamers” – ranging from World Bank President Ajay Banga and The Bahamas’ Prime Minister Philip E

The Independent UK

Top economists call for action on runaway global inequality

Gulf between rich and poor increases risk of climate breakdown as well as entrenches poverty, says letter to UN and World Bank

The Guardian - UK

Pedro Pascal and World Bank's Ajay Banga among those named to Carnegie's 2023 Great Immigrants list

World Bank President Ajay Banga, Oscar winner Ke Huy Quan, singer-songwriter Alanis Morissette and “The Mandalorian” star Pedro Pascal are on this year’s Great Immigrants list from the Carnegie Corporation of New York

The Independent UK

'We only have this planet': Barbados PM urges unified climate finance response

Between brainstorming ways to fix the global financial system and appearing onstage at a Paris pop concert, Barbados Prime Minister Mia Mottley stopped to record a message about the storm looming near her Caribbean nation.

Radio France Internationale

Paris summit aims to shake up the financial system. It will test leaders' resolve on climate

Heads of state, finance leaders and activists are converging in Paris to seek ways to overhaul the International Monetary Fund and World Bank and usher the global development banks into a post-pandemic world with a rapidly changing climate

The Independent UK

Sunak to pledge £2.35 billion in loan guarantees at Ukraine Recovery Conference

The Prime Minister will tell the London summit that Britain will stand with Ukraine ‘as long as it takes’.

The Independent UK

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The Guardian - UK

Paris talks to focus on funding poor countries to tackle climate crisis

World leaders will meet next week to discuss climate finance, green growth, debt and private investment

Reuters

World Bank's new chief asks staff to 'double down' on development, climate efforts

The World Bank's new president Ajay Banga on Friday asked the lender's 16,000 staff to "double down" on development and climate efforts as he seeks to accelerate the bank's evolution to tackle the most pressing global problems.

The Hindu

Morning Digest | Late night scuffle between wrestlers, Delhi police at Jantar Mantar; Ajay Banga becomes World Bank chief unopposed, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Independent UK

Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader

Former Mastercard CEO Ajay Banga, an Indian army officer’s son with decades of corporate experience, has been confirmed to lead the World Bank for a five-year term that starts next month

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Al Jazeera

World Bank elects US nominee Ajay Banga president

He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.

Foreign Policy

The World Bank Is Still Failing the Poor

Poverty alleviation in the economically weakest parts of the world will require giving the poor a real seat at the table—which the World Bank has…

WEKU

Separating climate change and inequality won't work, says Biden's World Bank nominee

Ajay Banga, the next nominee to lead the World Bank, says it will take trillions of dollars of investment and global partnerships to meet the world's challenges.

The Independent UK

New India-born World Bank chief: Real change or rebranding?

The incoming president of the World Bank was born in India and had his early success in business there

Al Jazeera

G20 finance heads face reform calls from Global South

Finance ministers and central bank governors are meeting at the IMF to discuss challenges facing global economy.

Asharq Al-Awsat

US Treasury: World Bank Could Lend $50b More Over Decade With Reform

The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders' meetings next week where key changes are expected to be announced. Central bankers, finance ministers and participants from more than 180 member countries…

The Guardian - UK

Are there brighter prospects than at the last IMF meetings? Only just

October saw the UK chancellor in the dock. Now the US’s Yellen will face flak over green subsidies and banking security

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