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World bank News

Corporations focus on water profits, World Bank supports them

Nestle and other companies are making significant profits by gathering water from small towns and rural areas. Waves of public outcry have begun but privatization of water is the direction the world is going in.

China could become the world's top economic power in late 2014

A study by the International Comparison Program (ICP) carried out on behalf of the World Bank published on April 30, 2014, notes that China could overtake the U.S. and become the leading economic power in the world later this year.

World Bank gives $73 million to fight ‘Energy Apartheid’

‘Energy Apartheid’: That’s the term World Bank President Jim Yong Kim used Tuesday to describe the lack of adequate access to energy in Africa as compared to the rest of the world.

Bill Gates predicts almost no poor countries by 2035

Bill Gates has predicted that by 2035 there will be virtually no poor countries in the world. According to information from the World Bank there are officially 35 poor countries in the world today where citizens live with low or no income.

World Bank predicts global economy to grow 3.2 per cent in 2014

Washington - The World Bank claims that the global economy has reached a turning point five years after the global recession hit. The Bank expects growth to pick up in the U.S., Europe, and Japan but that China's growth will slow.

Op-Ed: Income inequality growing everywhere except Latin America

Income inequality—wherein the rich get richer and poor poorer, relatively speaking—is increasing almost everywhere these days. With one interesting exception.

Global flood damage set to reach $1 trillion by 2015

Flood damages for the world's 136 largest coastal cities could cost $1 trillion annually by 2050 if protective measures are not put into place.

Lebanon and the World Bank working to set up refugee fund

The World Bank is working in unison with Lebanon to establish a fund that will bring aid to more than half a million Syrians who are currently refugees in Lebanon.

BRICS countries agree to launch rival development bank

Durban - The BRICS group of countries consisting of Brazil, Russia, India, China and South Africa have reached an agreement to set up their own development bank in competition with the IMF and World Bank.

World Bank allocating $6.4 million to Gaza water project

Gaza - On Tuesday, the World Bank reported that it has approved a grant of US$6.4 million to improve water and sewage services in the Gaza Strip. The Islamic Development Bank will also donate US$11.14 million to the project.

Russia to enter WTO in August, NGOs labeled as 'foreign agents'

Moscow - For years, Russia, which maintains the world's ninth largest economy, was one of the biggest economic powerhouses to not belong to the World Trade Organization. In August, the nation will become the 156th member.

Economist Martin Ravallion discusses poverty in recent lecture Special

Sydney - World Bank Acting Chief Economist and Senior Vice President, Martin Ravallion gives a public lecture, hosted by the University of Technology, Sydney (UTS) Business School: ‘More Relatively-Poor People in a Less Absolutely-Poor World’.

Op-Ed: Global banking fraud heats up

The banking scam on the world continues with Europe, and North America next on the list to soon be buried with never-ending interest debt. The New World Order banking plan to shackle most of the world's people with war and debt is almost done.

Nigeria's Okonjo-Iweala: 'World Bank post should be merit-based'

The Nigerian contender for the position of president of the World Bank, Ngozi Okonjo-Iweala, 57, has called on the United States to take the lead in breaking the long-standing tradition of an American always heading the World Bank.

Absurd enough? World Bank tells China to adopt Western economics

Sydney - We, who bask in the genius of Western economic theories on an hourly basis, hope to bring China around to our Nirvana-like level of brilliance. The World Bank has decided to help China escape its sinful prosperity.

Op-Ed: US Default on Debt? What's the Problem?

Washington - While headlines about the U. S. default on August 2 tops all the reporting, I find no concrete statements about what the real consequences might be, concluding -- most likely -- this is a thin veil, a veneer, a front of little consequence on main street.

World Bank president says world 'one shock away from crisis'

Speaking in Washington and concerned over rising food prices and lingering instability in the Middle East and Africa, World Bank President Robert Zoellick believes the global economy is "one shock away" from a major crisis.

Best place to do business is Singapore, says World Bank

The best place to do business is Singapore, says a World Bank index which ranks economies on their ease of doing business.

World Bank introduces program that lists ecosystems as assets

During the United Nations Convention on Biological Diversity, which concluded at the end of October, the World Bank announced two linked initiatives that aim to protect ecosystems and species at risk of extinction.

Peruvian snags World Bank funding to paint mountaintops white

Eduardo Gold, a Peruvian inventor, perturbed by the melting of glaciers in the Andes Mountains, has come up with a solution -- paint the Andes white.

World Bank will provide $100 million grant funding to Haiti

The World Bank is set to provide an additional $100 million in emergency grant funding to support recovery and reconstruction in Haiti.

Palestinian farmers denied access to water in disputed West Bank

Claiming Palestinian farmers are stealing water from the central source shared by both Israelis and Palestinians, Israel has implemented water restrictions on Palestinians in the disputed West Bank.

Political corruption costs governments $1.6 trillion each year

As a five-day anti-corruption convention got underway on Monday in Doha, the capital of Qatar, the United Nations said the cost of political corruption to governments around the world is about $1.6 trillion each year.

Protests in Turkey at IMF, World Bank Annual Meetings

Protesters who attempted to march on the annual meetings of the International Monetary Fund (IMF) and World Bank in Istanbul on Tuesday came under fire from Turkish police using tear gas, rubber bullets and water cannons.

The World Bank could run out of money by end of 2010

As the global economic crisis continues, World Bank President Robert Zoelick said in Istanbul, during an annual meeting between the IMF and World Bank, that it could run out funds within the next twelve months.

Developing Nations Need $100 Billion Per Year for Climate Change

A report released on Wednesday by the World Bank has concluded that developing nations may need as much as $100 billion per year, until 2050, to help them adapt to climate change.

World Bank President: Dollar's Reserve Currency Status Uncertain

In a speech he is due to deliver on Monday at Johns Hopkins University in Washington, World Bank President Robert Zoellick will indicate that the dollar's status as the main reserve currency for the world cannot be guaranteed.

India to Receive $4.3 Billion Loan from World Bank

The World Bank has approved a loan to India worth $4.3 billion that will help the country's economy recover from the global recession and encourage investment in the development of the infrastructure in the world's most populous democracy.

Low income nations about to feel pinch warns World Bank

The global economic crisis is about to hit the poorest populations in the world warns the World Bank. They are estimating that about 129 developing nations will be dealing with shortfalls of $270 billion and $700 billion this year alone.

Sri Lanka Remains Fastest Aging Population in Region

According to World Bank, the state of Sri Lanka is the fastest aging population in the region of South Asia. World Bank has further cautioned that the nation could face severe social challenges in the near future.
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World Bank Acting Chief Economist and Senior Vice President  Martin Ravallion answers questions from...
World Bank Acting Chief Economist and Senior Vice President, Martin Ravallion answers questions from the public.
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The Kwegu are one of the tribes of the Omo valley.
© Surviva
The Kwegu are one of the tribes of the Omo valley. © Surviva
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Gaza Strip water and sewage.
Gaza Strip water and sewage.
YouTube
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A 3-day long media workshop  organized by global environment forum Third Pole in Kathmandu  Nepal fr...
A 3-day long media workshop, organized by global environment forum Third Pole in Kathmandu, Nepal from 13-16 October brought together, for the first time, journalists from China, India and Bangladesh to deliberate upon the effects of climate change in Brahmaputra/Yurlung Zangbo river basin
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Black bloc near the World Bank in the Crystal City area of Washington  DC during feeder march to ant...
Black bloc near the World Bank in the Crystal City area of Washington, DC during feeder march to anti-war "March on the Pentagon" in 2009.
Ben Schumin
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World Bank Acting Chief Economist and Senior Vice President  Martin Ravallion.
World Bank Acting Chief Economist and Senior Vice President, Martin Ravallion.
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Singapore
Singapore
andyleoss
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