Remittances that support millions of households in Latin America and the Caribbean have plunged as family members lose jobs and income in their host countries, with entire families sliding back into poverty, as a result of the COVID-19 health crisis and global economic recession.
Mozambique, which was affected by an unprecedented two tropical cyclones over a matter of weeks, is still reeling from the impact a month after the latest disaster. But resultant devastation caused by the cyclones could impact the country’s elections as concerns are raised over whether the southern African nation can properly hold the ballot scheduled for later this year.
China continues to borrow an average of $2 billion a year from the World Bank, making it one of the Bank’s top borrowers—despite being the world’s second-largest economy and itself a major global lender, according to our study
Climate finance has never been more urgently needed, with massive investments in climate action required to meet the goals of the Paris Agreement and avoid the devastating effects of a warmer planet.
As funding to combat climate change has lagged behind lofty words, the One Planet Summit in France this week invited governments and business leaders to put money on the table.
Over 20,000 girls are married before the age of 18 every day around the world as countries continue to lack legal protections, according to a new study.
Energy from the depths of the earth - geothermal - is destined to fuel renewable power generation in Central America, a region with great potential in this field.
Without any hint of irony, the World Bank’s most recent Doing Business Report 2017 promises ‘Equal Opportunity for All’. Bangladesh ranked 176th among 190 economies, below civil war-ravaged Iraq and Syria! Bangladesh even slipped two places from 174 in the 2016 ranking and is three places below its 2015 ranking.
Bangladesh is weighing a World Bank proposal to introduce a carbon tax, the first of its kind in the South Asian nation, amid fears of a backlash from consumers.
Albert Kanga Azaguie no longer considers himself a smallholder farmer. By learning and monitoring the supply and demand value chains of one of the country’s staple crops, plantain (similar to bananas), Kanga ventured into off-season production to sell his produce at relatively higher prices.
World leaders agreed in 2000 to halve the number of people living in poverty by 2015. The poverty line was defined as the purchasing power parity (PPP) equivalent to a US dollar a day, later adjusted to the 2005 PPP equivalent of $1.25 daily in 2008 to the 2012 PPP equivalent of $1.90 daily in 2015. As the cost of living rise unevenly across the world, the World Bank periodically updates the global poverty line to reflect these changes. Nevertheless, there are many concerns about how the line was defined and has been revised over the decades.
Ten presidents and prime ministers from around the world will work together to resolve the growing global water crisis amid warnings that the world may face a 40 percent shortfall in water availability by 2030.
The rich and the powerful, who meet every year at the World Economic Forum (WEF), were in a gloomy mood this time. Not only because the day they met close to eight trillion dollars has been wiped off global equity markets by a "correction". But because no leader could be in a buoyant mood.
With the African Union celebrating the African Year of Human Rights at its 26th summit, at its headquarters in Addis, Ethiopia, the venue raises serious concerns about commitment to human rights.
Small-scale farmer Augustine Sibanda has grown resilient traditional sorghum varieties passed down through generations but has increased his yields after he adopted improved seed varieties developed through research.
Despite a cultural, historical and linguistic identity quite distinct from the rest of Africa, Ethiopia never became a major tourist destination on the continent.
Venezuela doesn't want investment treaties anymore if they give investors the right to drag the country before a commercial court. "The system has been set up to break down the nation-state."
Women leaders in the Pacific Islands have acclaimed the agreement on reducing global warming achieved at the United Nations (COP21) Climate Change conference in Paris as an unprecedented moment of world solidarity on an issue which has been marked to date by division between the developing and industrialized world. But for Pacific small island developing states, which name climate change as the single greatest threat to their survival, it will only be a success if inspirational words are followed by real action.
Deep into the subtly monochrome landscape of the southern West Bank, Abu Ismaeel’s tent stands out amongst bare rolling hills that stretch into the horizon. A lonely gate, with no fence around it, signals the official entrance to two large tents in the Rashayda Desert.
The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year Uganda joins the rank of developing nations asking themselves: "Why have we ever signed this?"
High up in the mountainous interior of Papua New Guinea (PNG), the most populous Pacific Island state of 7.3 million people, rural lives are marked by strenuous work toiling land in rugged terrain with low access to basic services.