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The Latest Breaking News from World Bank

Revealed: oil sector’s ‘staggering’ $3bn-a-day profits for last 50 years

Vast sums provide power to ‘buy every politician’ and delay action on climate crisis, says expert

The Guardian - UK

Myanmar's economy fragile as fighting, inflation hit poor

Reports by the World Bank and other experts say army-ruled Myanmar's economy remains fragile as civil strife, inflation and onerous policy decisions add to troubles facing farmers and businesses

The Independent UK

7 ways to reduce the learning loss caused by the pandemic

School closures and the shift to online learning due to the COVID-19 pandemic have resulted in learning loss in developed and developing countries. Learning loss is generally defined as any specific or general loss of knowledge and skills or reversals in academic progress when students are not in school.

The Conversation

From analysis to the latest developments in health,
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World Bank urges more direct aid

Fabrizio Zarcone, the newly appointed World Bank country manager for Thailand, recommends three fiscal measures to help protect Thai households from shocks, build social cohesion and resilience while creating space for public investment.

Bangkok Post

Sharing power with the next generations

A new idea of ‘inter-generational justice’ is gaining traction as a better way of producing a more equitable global order

The Hindu

David Evans obituary

Other lives: Development economist who worked on the inequality and poverty impacts of trade liberalisation

The Guardian - UK

Iraq's Date Palms: Rescuing a National Icon

Thousands of young date palms, Iraq's national symbol, form lines that extend from the edge of the desert near the central city of Karbala and into the horizon. Iraq's prized trees are central to a push aimed to preserve a long-threatened ancestral culture, whose fruit historically presented prosperity across the…

Asharq Al-Awsat

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Young people in the Middle East struggle to see a promising future

The Middle East’s population is growing almost twice as fast as the world overall, and one-third of its people are under the age of 15.

The Conversation

Kenya's election promises: an economist's perspective

Kenya has four presidential candidates in the August 2022 general election. They recently launched their manifestos and one thing ties them together: the economy.

The Conversation

World Bank chafes at lower capital requirements recommended in G20 report - sources

The World Bank is seeking to block release of a report prepared for the Group of 20 major economies that calls for lowering the bank's capital requirements to boost its lending capacity, four sources familiar with the matter said.

Reuters

How BRICS' New Development Bank can improve transparency and accountability

The New Development Bank, which was formed in July 2014, marks its eighth birthday this year. It was formed by the leaders of Brazil, Russia, India, China and South Africa (BRICS) when they met in Fortaleza, Brazil for the bloc’s summit. The bank was seen as a potential alternative to…

The Conversation

IMF, World Bank to return to in-person annual meetings in October

The International Monetary Fund and World Bank said on Tuesday they will hold 2022 annual meetings fully in person in October, marking their first major gatherings to return to pre-pandemic conditions since October 2019.

Reuters

Ukraine gets $1.7B in fresh aid to pay health care workers

Ukraine is getting an additional $1.7 billion in assistance from the U.S. government and the World Bank

The Independent UK

BKU (Ekta Ugrahan), Kisan Mazdoor Sangrash Committee oppose ‘handing over water rights’ to private players

BATHINDA: Farmer organisations BKU (Ekta Ugrahan) and Kisan Mazdoor Sangrash Committee (KMSC) have joined hands to jointly raise voice over saving water resources in Punjab from going into private hands and to oppose the industries in private sector, which are polluting water by releasing affluent to be mixed in ground…

The Times of India

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Asharq Al-Awsat

With Biden, Palestinians Seeking Freedom Get Permits Instead

For more than two years, the Biden administration has said that Palestinians are entitled to the same measure of "freedom, security and prosperity" enjoyed by Israelis. Instead, they've gotten US aid and permits to work inside Israel and its Jewish settlements. The inconsistency is likely to come up when President…

The Independent UK

With Biden, Palestinians seeking freedom get permits instead

For more than two years, the Biden administration has said that Palestinians are entitled to the same measure of “freedom, security and prosperity” enjoyed by Israelis

The Hindu

Farmers resist fixing of energy meters to farm connections in Anantapur district

The move will add to ryots’ woes, say Left leaders

The Hindu

World Bank rates first phase of Rebuild Kerala programme ‘satisfactory’

State govt. ‘largely met’ requirements to improve disaster and climate resilience, says report

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360info

The Pacific’s spiralling debt – and what governments can do about it

Rising debt and declining income seem to add up to an austere future for Pacific Island nations. But belt-tightening may make things worse.

The Hindu

8,000 schools closed to obtain World Bank loan: TDP accuses Andhra Pradesh governmnet

VIJAYAWADA

The Hindu

Chhattisgarh gets Centre’s nod for World Bank funded school project

In-principle approval for $300 million borrowing over five years; World Bank team to visit; detailed plans anticipated

Al Jazeera

World Bank to give The Gambia $68m grant to revive tourism sector

Grant is meant to support the diversification and climate resilience of tourism after pandemic and economic crisis.

Asharq Al-Awsat

Rising Heat Drives Crippling Sandstorms across the Middle East

Over the past two months, Iraqis have been living, working and breathing in thick clouds of dust, as at least nine sandstorms - lasting up to several days each - have hit the country, blanketing everything in grit. Hospitals have reported a surge in admissions, with thousands of patients coming…

The Independent UK

Sri Lanka's crisis rings alarm for other troubled economies

Sri Lanka is desperate for help to weather its worst crisis in recent memory, but it’s not the only economy that’s in serious trouble as prices of food, fuel and other staples soar, partly due to the war in Ukraine

Al Jazeera

IIT project in India’s Mumbai uses Twitter to issue flood alerts

Residents asked to tweet about floods in their neighbourhoods in order to make real-time geographically specific alerts.

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