World Bank
9 Sep
At the beginning of August, the World Bank announced it would freeze new loans towards Uganda in light of its new anti-LGBTQ laws. Many initially viewed the move as a sign that the bank was taking a more progressive approach towards human rights issues. But is it a misguided approach?
17 Apr
The World Bank and International Monetary Fund's Spring Meetings kicked off this week with concerns over high inflation, rising geopolitical tensions, climate change and financial instability. World Bank Senior Managing Director Axel van Trotsenburg told FRANCE 24 that "we need to stay engaged with developing countries.
14 Apr
Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions".
20 Feb
World Bank president David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.
19 Feb
15 Jan
The World Bank says a sharp, long-lasting slowdown is expected to hit developing countries hard this year as the global economy weakens. The bank said this in its latest 'global economics prospects' report, released on Tuesday.
28 Oct 2022
The Covid-19 pandemic and Russia's invasion of Ukraine have reversed three decades of progress in reducing poverty, according to the World Bank, which is warning that the global goal of eradicating extreme poverty by 2030 is now out of reach.
10 Oct 2022
It is unlikely the world can meet the goal of ending extreme poverty by 2030, a World Bank report found. Experts have said COVID-19 ended years of progress while war and higher prices are now making things worse.
6 Sep 2022
Nigeria has successfully secured the support from the World Bank with a commitment to help the country phase out petrol subsidies and meet up with its Energy Transition plan. This follows meetings between Nigeria’s Vice President and World Bank Group President David Malpass. Other meetings are currently underway with U.S. officials and development partners.
8 Jun 2022
The agency has warned of the risk of 1970s-style stagflation persisting in the coming years amid soaring commodity prices and low growth. Developing countries are expected to be some of the worst hit.
18 May 2022
Ethiopia has agreed a reconstruction and recovery grant with the World Bank, to be used to rebuild basic services in conflict-hit regions of the country.
Latest
3 hours ago
After beginning a strike one week ago, the United Auto Workers union has increased the number of plants affected by industrial action. Until now, workers have been striking at three sites, one each for Ford, General Motors and Stellantis. UAW leader Shawn Fain says that will be increased to 38 factories, all of them GM and Stellantis parts distribution centres. Ford has been spared of further disruption, with the union saying the company has made "important concessions".
4 hours ago
This week in Across Africa, Georja Calvin-Smith speaks to Namibian President Hage Geingob ahead of his arrival in New York for the UN General Assembly. He shares his perspective on governance, the impact of Africa's first climate change summit and the role of the African Union in responding to regional upheaval.
4 hours ago
Megan Rapinoe has ended her US national team career with a 2-0 win over South Africa in Chicago. The 38-year-old ends her stint as an international with 63 goals, 73 assists and 203 caps, along with two world cups. Rapinoe made her debut for her country in 2006, with only three players having longer spells playing for the United States. "It has been such an honor to be able to wear this shirt, play with all these players and live out my childhood dream. I know that I mean a lot to the game.
6 hours ago
Grammy-winning artist Usher will headline the halftime show at the 2024 Super Bowl in Las Vegas, Nevada, the National Football League (NFL), Apple Music and label Roc Nation announced on Sunday. The 58th Super Bowl is scheduled to take place at Las Vegas' Allegiant Stadium on Feb. 11, 2024.
7 hours ago
Philippines and Chinese vessels face off in the South China Sea, marking the latest in a series of confrontations over competing territorial claims in the important maritime passageway.
7 hours ago
The White House is warning of severe economic consequences if Congress fails to pass a funding bill by an October 1 deadline. Far-right House Republicans are demanding deep spending cuts that are almost certain to be rejected by the Democratic-controlled Senate. Also in this edition: France asks its energy firms to sell fuel at cost, and Germany looks to semiconductor production to revive its flagging industrial sector.