Latest News for: World bank report


World Bank accused of ‘turning blind eye’ to sexual abuse in Kenyan schools it funded

The Observer 04 Dec 2023
The World Bank has been at a school chain it funded in Kenya ... The US is the largest shareholder of the World Bank Group ... The World Bank Group did not respond to the Guardian’s requests for comment on the CAO report and directed it to its response to civil society groups ... Investigation launched into killings and evictions on World Bank tourism project.

‘Tax oil cos’ profit, leisure travel to fund climate fight’

Hindustan Times 04 Dec 2023
On Monday, at COP 28, UK, France, World Bank, Inter-American Development Bank (IDB), European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and African Development Bank (AfDB) made new commitments to expand Climate-Resilient Debt Clauses (CRDCs) in their lending.

Gold bar price rises by more than VNĐ3 million per tael in November

Vietnam News 04 Dec 2023
In an interview with a Vietnam News Agency reporter, Shaokai Fan, director of Central Banks at the World Gold Council (WGC), said that recent gold price fluctuations in the Vietnamese market might reflect the complex relationship between global geopolitical factors, some specific ...

Donohoe would face intense political fight for top IMF job

The Irish Times 04 Dec 2023
... heads the World Bank ... It is not clear if she will decide to seek a second term – there are some reports of tensions with the US over her handling of a World Bank business index in 2018, when, as that organisation’s managing director, it is alleged she bumped up China’s rankings.

Naira Depreciates by 80.81% YoY Amid CBN FX Unification

This Day 04 Dec 2023
The World Bank in its Africa’s Pulse report — a bi-annual publication of the office of the chief economist in the World Bank Africa Region, said the decision of the CBN to remove trading restrictions on the official market weakened the naira ... The interventions the World Bank warned against are.

What banks really mean when they put trillions into ESG

The Eagle-Tribune 04 Dec 2023
In recent years, many of the world’s biggest banks have published reports chronicling the vast sums they say they’re channeling into environmental and social activities ... As a result, deciding what to call “sustainable” in bank reports is “kind of up for grabs,” Brown said.

Amnesty International Faults Serbia, World Bank For 'Stripping' Vulnerable Of Social Assistance

Radio Free Europe 04 Dec 2023
Amnesty International has warned that Serbia's recently revamped system with World Bank funding to determine eligibility for social protections has worsened poverty "especially for Roma and people with disabilities" in the Balkan nation of around 6.6 million people.

Serbia: World Bank-funded digital welfare system exacerbating poverty, especially for Roma and people with disabilities

Amnesty 04 Dec 2023
Poverty-stricken and marginalised communities in Serbia are being pushed further into poverty as an automated welfare delivery system, funded by the World Bank, strips them of social assistance, said Amnesty International in a report published today ... The World Bank supported the ...

Mbeki warns SA economy is pulling down rest of Africa

Independent online (SA) 04 Dec 2023
He said the reports of the African Development Bank, the United Nations Economic Commission for Africa, the World Bank, and the International Monetary Fund point to the fact that low economic growth in major economies in Africa is affecting the rest of the continent ... He said the reports of these organisations were clear.

Trapped by Automation: Poverty and discrimination in Serbia’s welfare state

Amnesty 04 Dec 2023
How The World Bank’s Push to Allocate Cash Assistance Using Algorithms Threatens Rights”, 13 June 2023, https.//; Amnesty International, Actions Speak Louder Than Words.

CORPORATE WINDOW: Retail sector falters amidst economic slowdown

Dawn 04 Dec 2023
The World Bank, in its report, ‘Pakistan Development Update. Restoring Fiscal Sustainability’, attributed the economic downturn to a combination of domestic and external shocks, restrictions on imports and capital flows, political uncertainty, surging world commodity prices and tighter global financing ... Most importantly, there is a dip in investment.

Platform launched to fight climate change in Bangladesh

La Prensa Latina 03 Dec 2023
World Bank Group President Ajay Banga noted that the ... According to a World Bank report released in March 2018, the number of people displaced by climate change in Bangladesh could reach 13.3 million by 2050, making it the country’s number-one driver of internal migration.

The daily, grinding violence in the West Bank is worse than ever before. Why does it go unseen?

The Observer 03 Dec 2023
In the eyes of the world, there seem to be two kinds of violence against the Palestinian people ... Violence in the West Bank always seems to be placed into the second category, no matter how extreme ... The World Health Organization has reported 229 attacks on “healthcare” between 7 October and 28 November, most of which took place during raids.

Why I’m not concerned about the billions of central bank “losses”

CyprusMail 03 Dec 2023
In fact, central banks’ annual losses should not even be considered relevant in assessing how well they perform their tasks ... Earlier this month it was reported that the Riksbank, the world’s oldest central bank, had asked for a taxpayer “recapitalisation” worth $7 billion to plug losses racked up in the past two years.

Privatisation of its parastatals may improve economy

Independent online (SA) 03 Dec 2023
... (IMF) and the World Bank in the 1980s and 1990s ... The privatisation drive follows a recent World Bank report which blamed the Kenyan state’s participation in the economy for distorting the market, discouraging private sector investment and thus undermining Kenya’s economic growth.