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The Latest Breaking News from the World Bank

The World Bank approved a $1B loan to help blackout-hit South Africa's energy sector

The World Bank has approved a $1 billion loan for South Africa to help it address an energy crisis that has peaked this year with the country’s worst electricity blackouts

The Independent UK

The US invaded the island of Grenada 40 years ago. The legacy of revolution lives on

Why we must remember Maurice Bishop and the Grenadian revolution

The Guardian - US

Chief Minister instructs to fill Kalyana Karnataka, backlog posts in Higher Education Department

Chief Minister Siddaramaiah has instructed officials of the Finance, the Higher and Technical Education Departments to fill up Kalyana Karnataka vacancies and other backlog posts which have been pending for many years

The Hindu

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As Colorado Races to Set New Rules for Climate-Friendly Industries, Its Plan Raises Concerns Over Dual Role of State Regulator

Coal is back, despite banks’ pledge to stop financing such projects.

Capital & Main

Gaza’s dire humanitarian crisis explained

Israel’s strikes and blockade are pushing Gaza’s essential services and resources to the brink of collapse.

Al Jazeera

The World Bank and the IMF need to keep reforming to become fit for purpose

The World Bank and the International Monetary Fund are being challenged to make substantial reforms so that they become fit for purpose in the 21st century.

The Conversation

World Bank to implement LGBTQ safeguards before resuming new Uganda funding

The World Bank will aim to ensure gay and transgender Ugandans are not discriminated against in its programmes before resuming new funding, which was halted in August over an anti-LGBTQ law, a bank executive said.

Radio France Internationale

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UK needs to rebuild global development reputation, admits Andrew Mitchell

Development minister’s comments at World Bank summit in Marrakech acknowledge effect of aid budget cuts

The Guardian - UK

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

IMF and World Bank are urged to boost funding for African nations facing conflict and climate change

Most of the population in conflict-affected countries like Niger, Mali, Burkina Faso, Chad and northern Nigeria depends on climate-vulnerable agriculture

The Independent UK

IMF, World Bank hold first meetings in Africa in 50 years

The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change.

Radio France Internationale

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

Cautious welcome: World Bank and IMF return to Africa, but questions remain

The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-October. The city and country are still reeling from a devastating earthquake in early September.

The Conversation

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The Hindu

Despite early gains of Swachh Bharat Mission, toilet use declining since 2018-19: World Bank paper

While noting that this analysis was for the absolute increase from 2014-15 to 2019-21, the paper also said that the annual improvements in regular toilet use had not been linear “and masks two distinct phases evident in the data”.

The Independent UK

South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region

The World Bank says South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels

The Hindu

Allocation of funds in Karnataka gram panchayats influenced by the elite, says World Bank research paper

Though the Karnataka government has taken many legislative measures to decentralise powers to rural local bodies during the last three decades, fund allocations in gram panchayats (GPs) are most influenced by the elite, according to a research paper of the World Bank. Men and ‘upper’ caste individuals in GPs ensure…

The Hindu

India’s statistical performance on the global stage

Questions have been raised about the credibility of the statistics India produces and the competence of the official statisticians

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The Guardian - UK

Investigation launched into killings and evictions on World Bank tourism project

Tanzania government blamed for violence against villagers in national park, while thousands more people face losing their homes

The Conversation

Somali piracy, once an unsolvable security threat, has almost completely stopped. Here's why

In 2011, pirates carried out 212 attacks in a vast area spanning Somali waters, the Indian Ocean, the Red Sea and the Gulf of Aden, actions that the World Bank said cost the world economy US$18 billion a year.

The Hindu

Jaishankar, Guterres discuss reform of global financial institutions and sustainability

External Affairs Minister Jaishankar held talks with UN secretary general Guterres and UNGA President Francis on India's G20 Presidency, reform of international financial institutions and India's advocacy for the Global South. He also discussed development partnership, millets and rice production, digital delivery and defense cooperation with Madagascar Foreign Minister Sylla.…

The Conversation

Idea of green growth losing traction among climate policy researchers, survey of nearly 800 academics reveals

When she took to the floor to give her State of the Union speech on 13 September, European Commission president Ursula von der Leyen largely stood by the script. Describing her vision of an economically buoyant and sustainable Europe in the era of climate change, she called on the EU…

The Hindu

World Bank to fund Odisha to increase social protection, disaster resilience

The State cabinet had approved this project in December last year. OSCRGP has been declared effective from August 11, 2023 by the World Bank.

The Guardian - UK

First Thing: World Bank spent billions of dollars backing fossil fuels in 2022, study finds

Campaigners estimate about $3.7bn in trade finance was supplied to oil and gas projects despite bank’s green pledges. Plus, the rapid descent of Tucker Carlson

The Guardian - UK

World Bank spent billions of dollars backing fossil fuels in 2022, study finds

Campaigners estimate about $3.7bn in trade finance was supplied to oil and gas projects despite bank’s green pledges

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