For years India’s pro-liberalisation, Congress party-led coalition government chafed at civil society groups getting in the way of grand plans to boost growth through the setting up of mega nuclear power parks, opening up the vast mineral-rich tribal lands to foreign investment and selling off public assets.
Over the next decade and a half, a major global shift will result in the developing world controlling roughly half of the world’s capital, up from less than a third today.
Twenty of the world’s most fragile states, including those currently affected by conflict, have achieved one or more of the development targets outlined under the Millennium Development Goals (MDGs), the World Bank said this week.
Backed by the German government and prominent civil society voices, United Nations experts are calling for the World Bank to explicitly incorporate international human right standards into its "safeguards" to minimise negative impacts of bank financing on vulnerable communities and environments.
Two of the world’s largest multilateral institutions have released new data linking greater urbanisation with higher levels of human development, and are announcing that they will place greater priority on issues of urbanisation in coming decades.
Women and minorities should be a top priority in U.S. policy toward Egypt and its Muslim Brotherhood government leaders, experts here said on Friday, despite increasingly unfavourable public views towards Egypt.
The World Bank will be placing stronger emphasis on issues of land tenure and socially and environmentally sustainable agricultural investing, it announced Monday.
A confluence of factors could make 2013 the most fruitful opportunity in years – and for years – for potentially major action on climate change, according to a leading voice on climate change policy, the British economist Nicholas Stern.
World Bank President Jim Kim has unveiled a series of new institutional goals aimed at ending extreme poverty by 2030 and focusing on the promotion of “shared prosperity” – increasing the incomes of the poorest 40 percent in each country while placing increased focus on dealing with climate change.
The International Monetary Fund (IMF) is urging national governments around the world to roll back or eliminate subsidies on petroleum-based energy sources, estimating that this alone could result in a 13-percent decline in global carbon dioxide emissions.
Cyprus is finalising capital control measures to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with international lenders.
A leaked copy of a major World Bank strategy paper, outlining a new institutional approach to tackling poverty through 2030, has worried some humanitarian groups and anti-poverty advocates, who say the bank has failed to suggest mechanisms that would allow it to adequately track or deal with growing levels of income inequality around the world.
Political leaders in Cyprus are working on an alternative proposal to stave off bankruptcy after parliament overwhelmingly rejected an international bailout plan.
As countries in the Middle East and North Africa adjust to profound political changes and economic difficulties, development experts on the region have increasingly turned their attention to the social and economic potential of incorporating more female workers into the labour market.
A group of environmentalists, gender activists and international finance watchdogs are calling on the U.S. government to support calls for the World Bank to step back from a new programmatic focus on large-scale infrastructure, which critics say does little to help alleviate poverty.