A Latin America With Opportunity for All

Latin America has had a good decade. Over the last 10 years, economic growth averaged 4.2 percent, and 70 million people escaped poverty. Macroeconomic stability, open trade policies and pro-business investment climates have supported and will continue to support strong growth in the years to come.

World Bank to “Cease Providing” Funding for New Coal Projects

The World Bank is set to consider dramatically cutting down its funding for coal-related power projects, according to a draft strategy document leaked this week.

World Bank Formally Urged to Overhaul ‘Doing Business’ Report

An external review panel is calling on the World Bank to institute sweeping reforms to its widely cited annual “Doing Business” report, including doing away with a controversial ranking of countries on a variety of business-friendliness metrics.

Mining Benefits Fail to ‘Trickle Down’

With South-South trade on the rise and growth in emerging economies set to outstrip production in industrialised countries, the international mining sector has been quick to follow global trends.

Climate Change Promises Tough Times for Asia and Africa – Report

Extreme heat, flooding and water and food shortages will rock South Asia and Africa by 2030 and render large sections of cities inhabitable, if the world continues to burn huge amounts of coal, oil and gas, the World Bank is warning.

Climate Change to Determine Economic Growth

The Monetary Board of Sri Lanka’s Central Bank, tasked with keeping the island’s economy on an even keel, does not only keep tabs on exchange rates, gold prices and inflation – it also has an eye on a less obvious indicator of economic stability: water levels in the country’s main reservoirs.

Small Ponds Bring Bumper Harvests

“I would never have believed it possible to get a bumper rice harvest during the drought season,” 43-year-old Mohammad Shajahan Ali, a farmer hailing from the village of Magtapur in Bangladesh’s northern Chapainawabganj district, told IPS.

Examining the Depths of Ethiopia’s Corruption

Ethiopia may be one of the fastest-growing, non-oil producing economies in Africa in recent years, but corruption in this Horn of Africa nation is a deterrent to foreign investors looking for stable long-term partnerships in developing countries.

Is the 2030 Goal for Hunger Eradication Realistic?

With less than three years before a 2015 deadline, the developing world is largely expected to miss one of the U.N.'s key Millennium Development Goals (MDGs): halving the number of people living in extreme poverty and hunger.

How to Close Latin America’s Rich-Poor Chasm

Latin American governments have increasingly been working to lessen inequality in the region, but new data suggests their efforts vary widely in quality and impact.

Ramping Up Renewable Energy in the Philippines

As the Philippines grapples with frequent power outages and a growing demand for energy, government agencies and private groups say the answer to the country’s power needs may lie in alternative sources.

Indian Gov’t on Collision Course With Civil Society

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.

Afghan Women Harassed into Unemployment

While global attention is fixed on the scheduled pullout of U.S. and NATO troops from Afghanistan in 2014, women here have a much more immediate concern: how will they survive another day at work?

Developing World to Dominate Global Investment by 2030

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.

South Asia in Search of Coordinated Climate Policy

With a combined population of over 1.7 billion, which includes some of the world’s poorest but also a sizeable middle class with a growing spending capacity, South Asia is a policymaker’s nightmare.

Fragile States Show Signs of Progress Toward MDGs

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.

Cell Phones Yes, Toilets No, World Body Laments

Speaking of the widespread sanitation crisis, U.N. Deputy Secretary-General Jan Eliasson was quick to produce staggering numbers: of the world's seven billion people, about six billion have mobile phones but only about 4.5 billion have access to toilets.

World Bank Urged to Include Human Rights in Safeguards Review

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.

Learn From the Children

“Recall the face of the poorest and weakest man you have seen, and ask yourself if this step you contemplate is going to be any use to him.”

Insecurity the “Achilles’ Heel of Development” in Latin America

Development experts here are warning that widespread, unchecked violence against citizens in Latin America is posing a threat to the development of the entire region.

World Bank, IMF Link Urbanisation with Development

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.