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The Latest Breaking News from World Bank

Somalia has 99% of $2bn debt cancelled in major boost to fragile recovery

Paris Club of creditor nations agree cancellation as Mogadishu moves towards financial normalisation amid ongoing conflict

The Guardian - UK

World Bank Approves 0 Million Loan For Costa Rica

World Bank approves 0 million loan for Costa Rica to support sustainable development and economic growth during the pandemic.

Top News

Kristalina Georgieva wins backing to run for second term as IMF chief

Bulgaria’s ‘eternal optimist’ in favour with European finance ministers after first five-year stint encompassing Covid and Ukraine

The Guardian - UK

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We must address the shocking gender gap at global financial institutions

Letter: Eeshani Kandpal on the dismal lack of women leaders in some of the world’s important organisations

The Guardian - UK

State awards two contracts worth ₹95.24 crore for biomining

The State government has awarded two contracts worth ₹95.24 crore to a Nagpur-based company for biomining and retrieval of legacy dumpsites in 20 towns as part of the World Bank funded Kerala Solid Waste Management Project (KSWMP) under the Local Self Government Department (LSGD).

The Hindu

World Bank Deems Thai Interest Rates Appropriate And Neutral

The World Bank endorses Thailand's interest rates for economic stability and growth, validating the country's economic policies.

Top News

Ghanaian Finance Ministry Warns Against Fallout From Anti-LGBTQ Law

Ghana's finance ministry has advised President Nana Akufo-Addo against endorsing a highly contested anti-LGBTQ bill, warning that it could end up with the financially-strapped country losing billions of dollars in World Bank funds.

International Business Times

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Zimbabwe Requires Stable Policies For Currency Support: World Bank

The World Bank advises Zimbabwe to adopt predictable policies for economic stability and growth.

Top News

World Bank Aims To Streamline Loan And Investment Guarantees

The World Bank plans to streamline loan and investment guarantees to reach billion annually, supporting global development efficiently.

Top News

China needs to do more on ‘silent crisis’ of debt, says World Bank official

Beijing must be more ready to support countries facing distress, says deputy chief economist

The Guardian - UK

World Bank Approves $300 Mn In New Funding For Afghanistan

The World Bank's executive board has approved $300 million in new funds for Afghanistan, which it will deploy outside the control of the Taliban authorities, the development lender confirmed Thursday.

International Business Times

Ukraine's Recovery: 6 Billion Needed After Years of War

The World Bank estimates that Ukraine will require 6 billion to recover and rebuild after almost two years of ongoing conflict and war.

Top News

IMF, World Bank Warn Gaza War, Red Sea Attacks Imperil Global Economy

The IMF and World Bank warned on Monday that the Gaza war and the related attacks on shipping though the Red Sea pose threats to the global economy.

International Business Times

CM holds consultation with World Bank representatives

Chief Minister Pinarayi Vijayan held a meeting with the representatives of the World Bank regarding the Resilient Kerala Program for Results being implemented as part of the Rebuild Kerala Initiative, at the conference hall here on Tuesday.

The Hindu

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Top News

World Bank CEO Denies IFC Cover-Up of Kenya School Abuse

World Bank denies covering up abuse involving a Kenya school investment, refuting allegations of an IFC cover-up. Details on the controversy at hand.

The Hindu

Kerala Budget 2024-25 | Outlay for farm sector goes up to ₹1,698.30 cr.; World Bank-aided KERA to be launched next fiscal

The State government allocates ₹1,698.30 crore for agriculture, launching the KERA project to enhance climate-resilient commercialization and exports.

Top News

World Bank Provides Emergency Funds to Countries through Existing Loans

Learn about the World Bank's new initiative to alleviate the financial burden of countries during disasters by offering access to emergency funds from exis...

StockNews.com

3 China Stocks to Buy for Smart Investors in 2024

Even though trade data and the recovery remain uneven, the Chinese economy exceeded the government’s set target of 5% for 2023. Moreover, several experts remain upbeat about the nation’s economic outlook for 2024 and beyond. Thus, quality China stocks Sohu.com (SOHU), Youdao (DAO), and Autohome (ATHM) could be smart investments…

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The Hindu

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)…

Top News

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!

The Independent UK

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 Guardian - 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 Conversation

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.

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