World Bank

Poverty and Slavery Often Go Hand-in-Hand for Africa’s Children

“Poverty has become part of me,” says 13-year-old Aminata Kabangele from the Democratic Republic of Congo. “I have learned to live with the reality that nobody cares for me.”

Designed to Fail: Gaza’s Reconstruction Plan

The rubble of twisted concrete and metal bakes in the hot Mediterranean sun of a regional heat wave.

Opinion: The Sad Historical Consequences of the Greek Bailout

In recommendations to German Chancellor Angela Merkel at the end of July, the German Council of Economic Experts outlined how a weak member country could leave the Eurozone and called for strengthening the European monetary union.

Opinion: A BRICS Bank to Challenge the Bretton Woods System?

The formal opening of the BRICS Bank in Shanghai on Jul. 21 following the seventh summit of the world’s five leading emerging economies held recently in the Russian city of Ufa, demonstrates the speed with which an alternative global financial architecture is emerging.

Caribbean Seeks Funding for Renewable Energy Mix

A leading geothermal expert warns that the small island states in the Caribbean face “a ticking time bomb” due to the effects of global warming and suggests a shift away from fossil fuels to renewable energy is the only way to defuse it.

Social Safety Net Not Wide Enough to Protect World’s Poor

Fifty-five percent of the world’s poor still have limited protection from hunger and economic, social or political crises despite expansion of social safety programmes in developing countries in recent years.

Will the New BRICS Bank Break with Traditional Development Models, or Replicate Them?

Just days ahead of a summit of the BRICS group of emerging economies (Brazil, Russia, India, China and South Africa) in which the five countries are expected to formally launch their New Development Bank (NDB), 40 NGOs and civil society groups have penned an open letter to their respective governments urging transparency and accountability in the proposed banking process.

Opinion: Religion and the SDGs – The ‘New Normal’ and Calls for Action

In 2007, an op-ed in the International Herald Tribune argued that you “gotta have faith in the U.N”.

Opinion: BRICS for Building a New World Order?

As the leaders of the BRICS five meet in the Russian city of Ufa for their annual summit Jul. 8–10, their agenda is likely to be dominated by economic and security concerns, triggered by the continuing economic crisis in the European Union and the security situation in the Middle East.

German Development Cooperation Piggybacks Onto Africa’s E-Boom

In a major paradigm shift, the German government is now placing its bets on digitalisation for its development cooperation policy with Africa, under what it calls a Strategic Partnership for a ’Digital Africa’.

Critics of World Bank-Funded Projects in the Line of Fire

For an entire month beginning in February 2015, a group of between 40 and 50 residents of the Durgapur Village in the northern Indian state of Uttarakhand would gather at the site of a hydroelectric power project being carried out by the state-owned Tehri Hydro Development Corporation (THDC).

Donor Conference to Tackle Nepal Reconstruction

The 7.8 magnitude earthquake that shook Nepal in April, and the numerous aftershocks that followed, left the country with losses amounting to a third of its economy.

Infrastructure Investments in Emerging Economies Hit Record Levels – but at What Cost?

According to new data released by the World Bank Tuesday, investments in infrastructure in 139 emerging economies shot up to 107.5 billion dollars in 2014, with just five countries – Brazil, Colombia, India, Peru and Turkey – accounting for 73 percent of the total.

U.N., World Bank Set 2030 Deadline for Sustainable Energy for All

Secretary-General Ban Ki-moon, an unrelenting advocate of sustainable energy for all (SE4All), once dramatised the need for modern conveniences by holding up his cell phone before an audience in the Norwegian capital of Oslo and asking: “What would we do without them?”

Indonesia Still a Long Way from Closing the Wealth Gap

Every afternoon, Wahyu sets up his wooden food cart by the side of a busy road in Central Jakarta to sell sweet buns, known as ‘bakpao’, to people passing by. In a good month, the street vendor can make around 800,000 rupiah, which amounts to roughly 62 dollars.

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