World Bank

‘Youth Exodus’ Reveals Lack of Opportunities

The small South Pacific island state of Samoa, located northeast of Fiji, attracts tourists with its beaches, natural beauty and relaxed pace of life, but similar to other small nations with constrained economies, it is experiencing an exodus of young people, who are unable to find jobs.

Despite New Pledges, Aid to Fight Ebola Lagging

Despite mounting pledges of assistance, the continuing spread of the deadly Ebola virus in West Africa is outpacing regional and international efforts to stop it, according to world leaders and global health experts.

World Bank Reports Major Global Support for Carbon Pricing

Seventy-three countries and 22 lower-level governments offered formal support Monday for a global price on carbon dioxide emissions, including China, Russia and the European Union.

Mongolia’s Poorest Turn Garbage into Gold

Ulziikhutag Jigjid, 49, is a member of a 10-person group in the Khan-Uul district on the outskirts of Mongolia’s capital Ulaanbaatar, which is producing brooms, chairs, containers, and other handmade products from discarded soda and juice containers.

World Bank Tribunal Weighs Final Arguments in El Salvador Mining Dispute

A multilateral arbitration panel here began final hearings Monday in a contentious and long-running dispute between an international mining company and the government of El Salvador.

With Sewing and Sowing, Self-reliance Blooms in Central Asia

In the small rural village of Svetlaya Polyana, not far from the city of Karakol in Issyk Kul Province, north-eastern Kyrgyzstan, there is no sewage system and 70 percent of households lack access to hot water.

Africa-U.S. Summit – Catching Up With China?

A few years ago, nobody could have imagined that some 50 Heads of States and Prime Ministers from Africa would meet the President of the United States for a summit. Yet, the first Africa/United States Summit took place in Washington from August 4 to 6, making headlines around the world.

World Bank Urged to Rethink Reforms to Business-Friendliness Report

Civil society groups from several continents are stepping up a campaign urging the World Bank to strengthen a series of changes currently being made to a major annual report on countries’ business-friendliness.

Bangladeshi Girls Seek Equal Opportunity

Until five years ago, Shima Aktar, a student in Gajaghanta village in the Rangpur district of Bangladesh, about 370 km northwest of the capital Dhaka, was leading a normal life. But when her father decided that it was time for her to conform to purdah, a religious practice of female seclusion, things changed.

IFC Warned of Systemic Safeguards Failures in Honduras

For the second time this year, an internal auditor has criticised the World Bank’s private sector investment agency over dealings in Honduras, and is warning that similar problems are likely being experienced elsewhere.

What Do the World Bank and IMF Have to Do With the Ukraine Conflict?

Mostly unreported as the Ukraine conflict captures headlines, international financing has played a significant role in the current conflict in Ukraine.

Nepal’s Poor Live in the Shadow of Natural Disasters

Barely 100 km north of Nepal’s capital, Kathmandu, the settlement of Jure, which forms part of the village of Mankha, has become a tragic example of how the country’s poorest rural communities are the first and worst victims of natural disasters.

World Bank Board Declines to Revise Controversial Draft Policies

A key committee of the World Bank’s governing board Wednesday spurned appeals to revise a  draft policy statement that, according to nearly 100 civil-society groups, risks rolling back several decades of reforms designed to protect indigenous populations, the poor and sensitive ecosystems.

Land Grabbing – A New Political Strategy for Arab Countries

Food price rises as far back as 2008 are believed to be the partial culprits behind the instability plaguing Arab countries and they have become increasingly aware of the importance of securing food needs through an international strategy of land grabs which are often detrimental to local populations.

Is Europe’s Breadbasket Up for Grabs?

Amidst an exodus of some 100,000 people from the conflict-torn eastern Ukraine, ongoing fighting in the urban strongholds of Donetsk and Luhansk between Ukrainian soldiers and separatist rebels, and talk of more sanctions against Russia, it is hard to focus on the more subtle changes taking place in this eastern European nation.

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