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The Latest Breaking News from the World Bank

Poverty in Lebanon tripled over a decade, World Bank says

The World Bank says poverty in Lebanon has tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis

The Independent UK

Lebanon’s economic crisis endures, as does the EU’s ‘fear’ of refugees

Analysts question whether EU grants to Lebanon have anything to do with getting its economy out of the hole it is in.

Al Jazeera

Cop29 at a crossroads in Azerbaijan with focus on climate finance

Fossil-fuel dependent country hopes to provide bridge between wealthy global north and poor south at November gathering

The Guardian - UK

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‘Just by breathing we are contaminated’: schoolgirls fight to extinguish Ecuador’s gas flares

A group of determined teenagers has taken the government to court for not doing more to protect their community from the noxious byproduct of oil extraction in the northern Amazon

The Guardian - UK

The ANC has left South Africa a land of broken dreams. Its time seems over

At this month’s elections, the party of Mandela should be judged on its dismal record over the past 30 years

The Guardian - UK

World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say

Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect

The Guardian - UK

'Recipe for a Livable Planet': New report on how to make agriculture carbon neutral

The World Bank Group has released a new report outlining how global agriculture and food production can be overhauled in order to cut carbon emissions and limit global warning to 1.5°C above pre-industrial levels. In this edition, we speak to Julian Lampietti, Global Agriculture Practice Manager at the World Bank,…

France 24

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South Africa: 30 years after apartheid, what has changed?

Big socio-political gains have followed apartheid but the legacy of racism and segregation is still starkly visible.

Al Jazeera

Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns

Increase in cost of crude could drive inflation up and force central banks to keep interest rates high

The Guardian - UK

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Brazil, Germany, Spain and South Africa sign motion for fairer tax system to deliver £250bn a year extra to fight poverty and climate crisis

The Guardian - UK

‘Forced’ move: Rwandans grapple with own fears over UK asylum seeker plan

Amid high unemployment and a housing crisis, many in Rwanda are apprehensive about the $272m migrant deal with the UK.

Al Jazeera

Vietnam's GDP To Grow 5.5% In 2024, 6.0% In 2025

The World Bank projects positive economic growth for Vietnam, highlighting resilience and potential for development in key sectors like manufacturing and s...

Top News

World Bank suspends Tanzania tourism funding after claims of killings and evictions

Plan to expand Ruaha national park has been beset by allegations of abuse, leading bank to withhold final $50m of $150m budget

The Guardian - UK

World Bank official calls for shake-up of G20 debt relief scheme

Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020

The Guardian - UK

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Top News

South Africa Faces Inflation And Financial Upside Risks

Governor of South Africa's Central Bank warns of inflation risks and financial instability, emphasizing the need for vigilance and proactive measures.

The Hindu

Role played by India during G-20 presidency appreciated at IMF and WB meeting: Seth

“There is a widespread appreciation of Indian presidency of the G-20 in building consensus on several issues,” Ajay Seth said.

The Guardian - UK

As India goes to the polls, can democracy deliver a better life for all of its people?

Behind a veneer of progress, injustice and inequality propped up by corruption and an outdated caste system haunt the subcontinent

Top News

World Bank President Ajay Banga Addresses Global Economic Challenges

World Bank and IMF address global economic challenges, focusing on poverty, climate, and conflict. Initiatives include expanding electricity and healthcare...

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Top News

Brazil G20 Momentum: Tax Proposal For Super-Rich

Brazil's proposal to tax the super-rich gains global support to reduce inequality and fund social programs.

Top News

IMF, World Bank Report Progress In Debt Restructuring Cases

IMF and World Bank make significant progress in debt restructuring cases, aiding countries in financial stability and sustainable growth amidst the pandemic.

International Business Times

World Bank Aiming To Connect 250 Mn Africans To Energy Grid By 2030

The World Bank has significantly scaled up its ambition to connect Africans to the electricity grid by 2030, from 100 million to more than 250 million, the Bank's president said Wednesday.

Radio France Internationale

Climate finance and debt relief loom large at World Bank, IMF meetings

The urgent issues of climate financing and global inequality will underpin this week’s spring meetings of the World Bank and the International Monetary Fund – coming amid growing calls for a shake-up of those institutions to avoid a climate-driven “economic catastrophe”.

The Guardian - UK

Billions more in overseas aid needed to avert climate disaster, say economists

Pressure piles on World Bank and IMF to steer countries to low-carbon transition at spring summit

Top News

Yellen: US Addressing Global Economic Risks, Says IMF-World Bank

Janet Yellen emphasizes global economic collaboration to address risks and promote stability amidst COVID-19 challenges.

Top News

World Bank Report: Income Gap Widens In Poorest Countries

World Bank report reveals widening income gap in poorest countries, urging urgent policy changes and international aid.

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