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The Latest Breaking News from the World Bank

Experts call for new taxes on worst polluters to help poorer nations with climate crisis

Report to be discussed at Cop30 says global agreements should target carbon intensive activities and ‘ultra high net worth individuals’

The Guardian - UK

African countries need strong development banks: how they can push back against narratives to weaken them

A quiet but consequential contest is playing out in the global financial architecture. One that could determine Africa’s ability to finance its own development.

The Conversation

Only 3% of international climate aid going to transitioning communities: ‘This is absurd’

New report on funding to slash carbon emissions finds startlingly low engagement with the people affected

The Guardian - US

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Lasting peace and recovery in Gaza depends on local participation, not just ceasefires

Two years into the Israeli war in Gaza, world leaders recently gathered in Sharm El-Sheikh, Egypt, to deliberate on a long-awaited peace plan to end the conflict.

The Conversation

Rebuilding devastated Gaza after two years of war is a monumental task. Who is going to pay for it?

Donald Trump has declared peace in the Middle East and secured a fragile ceasefire. What happens next is not so clear, James C. Reynolds reports

The Independent UK

Rebuilding Wrecked Syria Vital For Regional Stability: UN

After 14 years of destruction, Syria must be swiftly rebuilt to bring stability to the country and the wider region, a top UN official in the war-ravaged nation told AFP. Reconstruction is one of the most significant challenges facing Syria's new Islamist authorities after the overthrow of longtime ruler Bashar…

International Business Times

Estimated €185bn needed to rebuild Syria after 14 years of civil war, World Bank says

Syria's civil war began in 2011 when mass protests against the government of then-President Bashar al-Assad were met with a brutal crackdown and spiralled into armed conflict.

Euronews

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World Bank estimates $216B needed to rebuild Syria after civil war

The World Bank says rebuilding Syria after over a decade of civil war could cost about $216 billion

The Independent UK

Madagascar's president rose to power off youth discontent and was taken down by it

Andry Rajoelina, once a young mayor who led protests against Madagascar's government, has been ousted as president

The Independent UK

Trump bet China would face ‘tremendous difficulties’ without U.S. consumers—Beijing just focused on the rest of the world instead

China’s trade diversification has been so successful that its export market is growing significantly despite the trade war.

Fortune

Opposition leader Patrick Herminie wins presidential runoff election in Seychelles

Official results show that opposition leader Patrick Herminie has won the presidential election in Seychelles, defeating incumbent leader Wavel Ramkalawan in Saturday’s runoff vote

The Independent UK

New Prime Minister Inspires Little Hope In Protest-hit Madagascar

President Andry Rajoelina's appointment of an army general as new prime minister was met with little enthusiasm in Madagascar Tuesday, as protesters gathered again ahead of a looming deadline set by the youth-led movement for a national strike.

International Business Times

Madagascar president who took power in coup accuses protesters of trying to trigger another one

Young people take to streets to voice anger at water and power cuts, and corruption in political system

The Guardian - UK

Dams for development? Unpacking tensions in the World Bank’s hydropower policies

Dams have been emblematic of the World Bank’s approach to development for many decades. From the bank’s early years in the 1960s and 1970s, large-scale infrastructure projects such as dams, power plants and transport networks were central to its strategy for economic growth and poverty reduction. This reflected a top-down…

The Conversation

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The Independent UK

QAnon shaman sues Trump for $40 trillion and targets Musk, T-Mobile and Warner Bros in rambling lawsuit

The QAnon Shaman withdrew his support for Trump after the president refused to release the Epstein files

The Independent UK

Seychelles to hold rerun presidential election after no outright winner

Seychelles’ electoral authority says the country will hold a rerun vote between the two main contenders

The Independent UK

Development banks ‘still funding industrial livestock despite climate promises’

Three development banks, including the World Bank, have collectively invested $1 billion in 55 highly-polluting livestock projects between 2018 and 2024, new research claims

Euronews

From local mahallas to a global strategy: Uzbekistan’s fight against poverty

Uzbekistan has made poverty reduction a state priority, launching a nationwide programme focused on jobs, social protection, and mahalla-level action. Since 2016, 7.5mn people have escaped poverty. With €30bn invested in 2024, the country aims to eradicate absolute poverty by 2030.

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The Independent UK

Voices: In our new global order we must focus on aid, not just development

COMMENT: As humanitarian need hits record levels, aid budgets are being cut and redirected, says David Miliband, the president of the International Rescue Committee. A clear strategy is needed to ensure the poorest and most fragile communities are not abandoned

Reason

How Did Poland Get So Far Ahead of Hungary?

Fewer than 35 years after escaping the yoke of Soviet-style central planning, Poland has become a legitimate global powerhouse.

The Conversation

Global tensions demand a faster energy transition — why does Indonesia still rely on fossil fuel imports?

The year 2025 begins with persistent global geopolitical tensions. The war between Ukraine and Russia drags on, conflict in the Middle East is heating up, and the United States-China trade war continues. All of this could send shockwaves through the global energy market — including in Indonesia.

The Independent UK

Lebanon licenses Elon Musk's Starlink for satellite internet services

Lebanon has granted a license to Elon Musk’s Starlink to provide satellite internet services in the country

The Independent UK

How Malawi is taking AI technology to small-scale farmers who don't have smartphones

Some small-scale farmers in the southern African country of Malawi are using an AI chatbot for advice to help them improve their methods and become more resilient to climate change

The Independent UK

Mozambique welcomes $6 billion electricity project from World Bank backing

Mozambique has won World Bank backing for a $6 billion hydroelectric plant

Newslaundry

The Rs 444 question: Why India banned online money games

Hungama hai kyun barpaa thodi si jo pee li haiDaakaa to nahi maara chori to nahi ki hai– Akbar Allahabadi On August 21, Parliament slammed the brakes on online money games by passing the Promotion and Regulation of Online Gaming Bill, 2025. The government’s press release made its intent clear:…

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