Civil society activists from five Arab countries are urging the International Monetary Fund (IMF) to ease pressure on their governments to reduce food and fuel subsidies until stronger social-protection schemes and other basic reforms are implemented.
Watchdog groups here are warning that a deal has been struck that would see Chinese investors fund a massive, contentious dam on the Congo River, the first phase of a project that could eventually be the largest hydroelectric project in the world.
Long-term dependence on development aid in Pacific Island nations, many of which have been independent for 30-40 years, continues to cause concern.
In an unusual statement, the World Bank’s private-sector arm has threatened to cancel a controversial investment in a Honduran palm oil company that has been implicated in serious human rights abuses, including numerous killings, over the past five years.
The family of Susana Suárez, a 35-year-old Venezuelan dentist, are still in shock over her death in a traffic accident in May. She and a friend were killed on their way back from the beach, and became just two more of the 130,000 victims who died on Latin America’s roads in 2013.
Colleen James arrived in St. Vincent and the Grenadines from Canada two days before Christmas hoping to enjoy the holiday season with her family. Now she’s getting ready to bury her two-year-old daughter and 18-year-old sister.
Since Typhoon Yolanda made landfall in the Philippines on Nov. 8, the country has sent holders of its debt close to one billion dollars, surpassing, in less than two months, the 800 million dollars the U.N. has asked of international donors to help rebuild the ravaged central region of the archipelago.
The World Bank has raised some 52 billion dollars, a record amount, for its fund for development in the world’s poorest countries, though some are expressing concerns over the terms under which some of this money is being offered by donor governments.
Parts of Indonesia, Argentina and Nigeria are among the top 10 most polluted places on the planet, according to a new report by U.S. and European environmental groups.
Key multilateral institutions charged with improving regulation of the international financial system are failing to democratise their governance and adequately consider the impact of their actions on the world's poor, says a new report by anti-poverty groups.
Four hundred million children under 13 years of age are living in extreme poverty worldwide, according to a new study
released by the World Bank here Thursday.
World Bank President Jim Kim has formally put forward a major new proposal to refocus both the bank’s priorities and how it pursues those aims.
Successful risk management can be a powerful tool for development, the World Bank said Monday in its annual World Development Report (WDR).
Gender equality around the world has increased dramatically over the past half-century even though the vast majority of countries continue to restrict women’s economic development in at least one way, the World Bank reports this week.
The concerns of developing countries about credit rating agencies (CRAs) risk going unheard as regulatory bodies around the world tackle questions raised after the 2008 financial crisis.