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The Latest Breaking News from World Bank

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

Africa’s ‘optimist-in-chief’ on the continent’s renaissance: ‘Don’t just believe me, believe the data’

In an exclusive interview, Akinwumi Adesina, head of the African Development Bank, says the outlook is good for a continent with the workers of the future and the best investment opportunities

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

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Severe debt burdens thwarting progress on climate and poverty, says World Bank

Bank’s new president Ajay Banga urges faster action on providing debt relief but says there is no ‘magic wand’

The Guardian - UK

'Ending poverty on a liveable planet': World Bank in push to boost climate finance

As the annual meetings of the International Monetary Fund and World Bank take place this week in Marrakech, FRANCE 24's Charles Pellegrin speaks to the World Bank's Senior Managing Director Axel Van Trotsenburg about the urgent need to increase climate financing, calls for reform of the institution and the potential…

France 24

Morocco welcomes the annual meeting of the IMF and World Bank a month after its deadly earthquake

The International Monetary Fund and World Bank are holding their annual meeting in Morocco, one month after an earthquake killed nearly 3,000 people in the North African country

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

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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

Lack of safety nets hurt Ghana’s most vulnerable as economic woes deepen

Ghana’s low-income households and working class are feeling the effects as the country grapples with an economic crisis.

Al Jazeera

Study finds more people are moving into high flood zones, increasing risk of water disasters

A new study finds that far more people are in harm's way as they move into high flood zones around the world

The Independent UK

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 Hindu

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 Guardian - UK

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The Hindu

I don't have house in my name, but my govt turned lakhs of daughters in country house-owners: PM Modi

PM Modi launched various development projects worth over ₹5,000 crore, including projects worth ₹4,500 crore related to education sector in Gujarat

The Guardian - UK

Who wants to rule the world? I will, says Joe Biden. No, it’ll be me, says Xi Jinping

The US and China are building rival global coalitions as the UN stumbles. Tackling collective challenges will be harder in a fragmented world

The Hindu

Agencies want World Bank and T.N. govt to address long-pending issues in housing projects for urban poor

Non-govt orgs demand WB, TN govt intervention to address long-pending issues in WB-funded housing projects for urban poor. Report highlights unresolved issues, threats of eviction, delays in land alienation. WB urged to propose remedial measures, TN govt to form high-level committee to monitor progress, TNUHDB to put in place transparent…

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.

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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

Al Jazeera

Why world figures urged Bangladesh to stop ‘harassment’ of a Nobel laureate

As Yunus faces corruption and labour law charges, global figures say country’s only Nobel winner is being ‘persecuted’.

The Hindu

India’s G-20 leadership extremely effective, even if Russia generally absent: Janet Yellen

U.S. Treasury Secretary Janet Yellen said India’s G-20 leadership has proven effective on several fronts, including the reforms of multilateral development banks and addressing the debt concerns of vulnerable countries.

The Independent UK

Online gig work is growing rapidly, but workers lack job protections, a World Bank report says

A World Bank eport says online gig work is growing globally and is creating an important source of employment for women and young people in poorer countries where jobs are scarce

WEKU

Biden is off to India and Vietnam. It's part of his push to counter China's influence

President Biden is using the G20 summit to push for a bigger, better World Bank as an alternative to China's massive lending programs, which have left some low-income countries with massive debt.

The Conversation

Africa's vast underground water resources are under pressure from climate change - how to manage them

All countries have a variety of water resources – some are on the surface, like rivers, and some are beneath the ground. This groundwater provides almost 50% of all global domestic use and 43% of all the water used for agriculture.

The Guardian - AU

Australia tells big development banks to ‘lift their game’ in the Pacific

There are concerns the World Bank and ADB are giving contracts to low-price bidders who then demand more when budgets blow out

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