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The Latest Breaking News from the World Bank

Indonesia regains upper-middle income rank on growth rebound

A strong post-pandemic rebound has pushed Indonesia back into the upper-middle income band of countries, according to the World Bank, putting it back on track to pursue its high-income status goal.

Bangkok Post

Eppo prepping hydrogen pilot project

Energy officials plan to push ahead with hydrogen fuel development in an effort to make it one of the main fuels used in the power, transport and industrial sectors, with the aim of becoming less dependent on fossil fuels, says the Energy Policy and Planning Office (Eppo).

Bangkok Post

World Bank puts Thai growth at 3.9%

Thailand's economy is projected to expand 3.9% in 2023 from 2.6% last year because of stronger demand from China, Europe and the US, private consumption growth and a recovery in tourism, says the World Bank in its semi-annual Thailand Economic Monitor.

Bangkok Post

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World Bank to provide nearly ₹3000 crore for flood prevention in the city

The State government is in the final stages of finalising an action plan for a World Bank project to prevent floods in the city. The project will make a whopping ₹3000 crore available for flood mitigation in the city, parts of which have been flooded over the years including in…

The Hindu

World Bank lifts Thailand growth forecast

The World Bank has upgraded its economic growth forecast for Thailand, saying improved performance will be helped by private consumption growth and a recovery in tourism.

Bangkok Post

How Thailand's welfare state could change

For the past few decades, many countries have been working towards providing "healthcare for all", including equity in access to healthcare and healthcare financing.

Bangkok Post

‘We could lose our status as a state’: what happens to a people when their land disappears

Small island countries press for guarantees as rising sea levels risk leaving their citizens stateless

The Guardian - UK

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World Bank: Myanmar recovery years away

The economy of Myanmar has shown some signs of stabilising in the first half of this year but it is unlikely to recover to pre-Covid levels until 2027 or 2028, according to the World Bank.

Bangkok Post

World Bank approves $391 million for Assam, Tripura to boost healthcare, economic opportunities

The World Bank on June 26 approved $391 million in financing to improve access to high-quality healthcare services and to economic opportunities for people in Assam and Tripura

The Hindu

World Bank approves $255.5 million loan for better technical education in government-run institutions in India

The World Bank has approved a $255.5 million loan for improving the quality of technical education in government-run institutions in India.

The Hindu

Paris finance reforms could untie poor countries’ hands in climate crisis

Changes to the World Bank could unlock developing states access to loans and to the means of staving off disaster

The Guardian - UK

Paris climate finance summit fails to deliver debt forgiveness plan

Countries in debt distress thrown financial lifeline but critics say measures fall short of what is needed

The Guardian - UK

Rich nations pledge to unlock hundreds of billions for climate fight

Multilateral development banks like the World Bank are expected to find $200 billion in extra firepower for low-income economies by taking on more risk, a move that may require wealthy nations to inject more cash, world leaders said on Friday.

Radio France Internationale

Governments at Paris summit to finalise climate finance roadmap

Almost 40 leaders to present plans for overhaul of public financial institutions including World Bank

The Guardian - UK

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Radio France Internationale

EU and Western allies commit to Ukraine's post-war reconstruction

The European Union and Ukraine's Western allies have promised to make Russia pay for its invasion, as governments and private investors met in London this week look at funding the country's reconstruction from the ravages of war.

Radio France Internationale

'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.

The Guardian - UK

World Bank offers developing countries debt pauses if hit by climate crisis

Move at Paris summit on global finance will only apply to repayments on new loans

The Independent UK

Shifting S. Africa coal plant for clean energy needs millions in loans; experts say that's a problem

Plumes of heat-trapping pollutants last billowed from the giant stacks of South Africa's Komati Power Station in October

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The Guardian - AU

The climate crisis is this century’s biggest threat. We need a global finance pact that reflects the task ahead

As climate change ministers, we urge multilateral banks to come together to help vulnerable nations, who face cascading challenges

France 24

Marshall Plan for Ukraine? Allies pledge billions as war rages on

$400 billion is how much the World Bank estimates could be needed to rebuild Ukraine. This Wednesday at a major conference in London, Ukraine's allies did promise significant chunks of cash – not just for the war effort but also for Ukraine's reconstruction. But with the conflict still raging and…

France 24

Paris summit aims to overhaul global financial system for 'climate solidarity' with South

Around 50 heads of state, along with representatives from international institutions and civil society, will attend a summit hosted by French President Emmanuel Macron on Thursday and Friday in Paris. Their objective is to develop a new global financial system so the most vulnerable countries will be better equipped to…

The Conversation

Paris hosts summit to secure debt relief and climate cash for developing countries

On 22 and 23 June, Paris is hosting a summit for a “New Global Financing Pact” at the Palais Brogniart. Heads of state, international organisations and representatives of civil society will be gathering to discuss ways to boost solidarity toward the Global South. The aim is also to contribute to…

The Independent UK

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

France 24

Russia’s Wagner mercenary chief says Moscow ‘misleading Russians’ over Ukraine offensive

Wagner chief Yevgeny Prigozhin on Wednesday contradicted Russian President Vladimir Putin’s insistence that that there was a “lull” in Ukraine’s counteroffensive, saying in an audio message that “huge chunks” of Ukrainian territory have been regained by its army. Read our live blog to see how all the day's events unfolded.…

The Guardian - AU

EU agrees new package of sanctions against Russia; Putin says Sarmat nuclear missiles ready soon – as it happened

EU members agree new sanctions against Russia; Russian president says warheads can soon be deployed for duty

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