World Bank

The World Bank on Monday decided to continue its climate change policy framework indefinitely but removed mandatory targets for the share of its financing that must deliver climate-related benefits, according to an official statement. The…
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The heads of the World Bank, the International Monetary Fund, and the UN World Food Programme on Wednesday warned that surging prices of oil, natural gas, and fertilizers are set to drive up food costs and deepen global food insecurity. In…
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The World Bank on Monday said it was assessing the impact of events in Bangladesh on its loan program with the country after its Prime Minister Sheikh Hasina resigned and fled. Hasina’s exit came after hundreds of people were killed in a…
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Ahead of the impending election in Pakistan, the World Bank on Saturday issued a warning to the incoming government that the international lenders and development partners can provide advice or financial aid but the crucial decisions must…
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Ajay Banga is uniquely equipped to lead the World Bank at this critical moment in history, US President Joe Biden said on Thursday as he nominated the ex-Mastercard CEO, an Indian-American, to head the international financial institution.…
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The World Bank will provide Turkey $1.78 billion in assistance for relief and recovery work following earthquakes in the southeast that have killed almost 18,000 people there and in neighboring Syria. The lender is offering immediate…
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India on Thursday questioned the World Bank’s decision to go ahead with two parallel processes to address a dispute with Pakistan over two hydropower projects on cross-border rivers, saying this is not in consonance with provisions of the…
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The UN warned Wednesday that a growing global food crisis could last years if it goes unchecked, as the World Bank announced an additional $12 billion in funding to mitigate its “devastating effects.” Food insecurity is soaring due to…
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The World Bank has put four projects in Afghanistan worth $600 million on hold amid concerns over a decision by the country’s ruling Islamist leaders to ban girls from returning to public high schools, the bank said. The projects, to be…
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Facing stiff resistance from Ukraine, Russia has stepped up its attack on its cities. Ukraine president Volodymyr Zelensky has sought help from the US, saying it is important to stop the "aggressor" at the earliest. Here are the 10 latest…
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