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EXPLAINED: The world bank | Vintage Vibes

World Bank mobilises $112 billion in private capital for developing nations

The World Bank mobilised $112 billion in private capital for developing nations last year. This significant increase reflects a strategic shift due to donor funding limitations. Private capital mobilisation now nearly matches the World Bank Group's own lending efforts. The bank employs various methods to de-risk and incentivise private investment.…

The Economic Times

UK should not shy away from the ‘moral purpose’ of foreign aid, new minister says

Kirsty McNeill – the new minister for development, who formerly worked at Save the Children – has emphasised that she is a ‘huge believer in aid’ in two speaking engagements that mark her taking up the post

The Independent UK

Who is Michael Kremer, the Nobel laureate set to become World Bank’s next chief economist?

Nobel laureate Michael Kremer will become the World Bank's next chief economist. He is recognized for his experimental approach to alleviating global poverty. Kremer's work has focused on innovations in education and healthcare. He will assume his new role on October 1st. This appointment comes as the organization faces significant…

The Economic Times

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World Bank names Nobel laureate Michael Kremer as next chief economist

Michael Kremer, the distinguished Nobel laureate, is set to assume the role of chief economist at the World Bank. With a robust background in experimental methods targeting global poverty alleviation, Kremer has dedicated his research to groundbreaking strategies aimed at uplifting developing nations. Commencing on October 1, he will tackle…

The Economic Times

EU trade chief to visit Manila to finalise Philippines trade deal

Manila and Brussels have already completed six rounds of talks aimed at reducing trade barriers across a broad range of sectors. The agreement would represent another step in Brussels’ efforts to diversify its trade relationships throughout the Asia-Pacific region.

Euronews

As catches dwindle, Congo River fishermen turn to plastic waste

On the Congo River, plastic is becoming the catch of the day. Some fishermen around Kinshasa, capital of the Democratic Republic of Congo, can now make more money pulling plastic from the water than catching fish, as declining catches and growing waste pollution threaten an artisanal way of life.

Radio France Internationale

Indus Waters Treaty: The 1960 pact that refuses to leave the limelight of India-Pakistan tensions

Indus Waters Treaty Explained: The Indus Waters Treaty faces strain over India's hydropower projects and Pakistan's objections. Following an attack, India placed the treaty in abeyance, which led to military confrontation. An international court ruled the treaty remains in force, but India rejected this decision. India seeks to modify the…

The Economic Times

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Bukele Vows $3B a Year for Education. His Own Budget Says Otherwise — For Now

Bukele pledged 50,000 scholarships and $3B a year for education. Here's how that lines up against El Salvador's debt, growth and remittances.

Latin Times

India rejects international court’s order directing it to uphold water-sharing treaty with Pakistan

India refuses to recognise existence of ‘illegally constituted’ international arbitration court

The Independent UK

India rejects Indus Waters award, says treaty remains in abeyance; ‘illegal’ court has no say in its actions

In a significant move, India has turned down the arbitration decision related to the Indus Waters Treaty, asserting that the arbitration body formed by the World Bank was not legitimate. Staunchly opposing all previous rulings made by this body, India has never recognized its legal authority. Therefore, the nation's position…

The Economic Times

Treasury proposes ESG restrictions for Trump Accounts

In this week’s edition of Economy and Society:

Ballotpedia

India’s gig economy is leaving its women behind, study finds

Women remain underrepresented in India’s rapidly expanding gig economy despite near-equal access to basic bank accounts. An ILO-NCAER study cites gaps in digital skills, mobility, safety and social norms as barriers, even as India’s gig workforce is projected to reach 23.5 million by 2029-30.

The Economic Times

In 1953, South Korea emerged from war with 60–70% living in extreme poverty. 71 years later, life expectancy reached 83.7 years with highest education levels anywhere in the planet

Emerging from the ashes of the Korean War, South Korea became a beacon of transformation, where enhanced educational access laid the groundwork for robust economic development. This shift not only propelled industries forward but also significantly improved living conditions, contributing to a remarkable surge in life expectancy. Today, young adults…

The Economic Times

Settlers kill a Palestinian teen in a West Bank clash, and other Middle East developments

Israeli settlers have killed a Palestinian teenager after a rock-throwing incident in the occupied West Bank

The Independent UK

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The Economic Times

Gujarat pitches AI, GIFT City plans at Chief Minister's US visit, seeks concessional World Bank funding

Gujarat's Chief Minister Bhupendra Patel visited the US to promote the state. He presented Gujarat's vision for becoming a global hub for AI and finance. Patel briefed World Bank officials on GIFT City's development and AI adoption. He also urged for concessional financing for development-oriented projects in Gujarat. The Chief…

International Business Times UK

Togo Joins World Bank's Higher Income Bracket as Five Other Nations Also Climb the Rankings While Others Stay Put

Togo's reclassification to lower-middle income status by the World Bank is driven by a revised population count, not economic growth, highlighting the influence of demographic data on global rankings.

The Conversation

If British voters seem impatient and angry, data shows they might have a point

With seven prime ministers in ten years and the fragmentation of the two-party system, it’s hard to escape the conclusion that UK leaders struggle to hold on to their position. The World Bank ranks nations around the world on governance indicators – and its data show that, on certain metrics,…

Bangkok Post

JSCCIB Joins Forces with Public Sector and World Bank

BANGKOK, THAILAND – August 17, 2026 — The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), comprising the Thai Bankers’ Association, the Board of Trade of Thailand and the Federation of Thai Industries, in collaboration with the Ministry of Finance, the Bank of Thailand, the National Economic and Social…

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The Independent UK

‘Pushback on climate action is a sign we are making progress on net zero’

INTERVIEW: Lord Nicholas Stern speaks to Nick Ferris about how climate impacts and green technology are both accelerating faster than anticipated - as he suggests that the UK can still drive the green development agenda in spite of crippling cuts to foreign aid

The Economic Times

World Bank warns Pakistan’s diversion of Balochistan housing funds could deepen poverty

The World Bank expressed serious concern over redirecting housing funds. This move could deepen poverty and increase disaster vulnerabilities for families. Many beneficiaries are ultra-poor, earning less than seventy dollars monthly. The bank warned that excluded families face a cycle of deeper poverty. Grievances were registered, and individual communication was…

Fortune

James Chen: What makes a good billionaire?

The chairman of The Chen Yet-Sen Family Foundation walked into the World Bank 20 years ago, convinced he had solved a problem affecting 2.2 billion people.

The Times of India

Kinshasa is growing faster than almost any city in Africa, but its population boom is not making people richer

Kinshasa, the capital of the Democratic Republic of Congo, is expanding faster than almost any other city on the African continent, yet that growth has coincided with falling living standards for the overwhelming majority of its residents. According to the World Bank, Kinshasa's population grew at an average rate of…

The Economic Times

World Bank urges developing nations to seize AI opportunity

Developing nations should embrace artificial intelligence for rapid advancement. AI offers significant improvements in healthcare, education, and agriculture services. This technology can boost productivity and create new opportunities for workers. Governments must quickly address infrastructure and skill gaps to benefit. The World Bank sees AI as a crucial tool for…

The Economic Times

AI offers 'lifeline' for emerging economies, World Bank says

Artificial intelligence can accelerate developing nations' progress by a century within ten years. Emerging economies face fewer job threats from AI compared to wealthier countries. These nations have more to gain and less to fear from the AI revolution. However, governments must address power, connectivity, and skills to seize this…

The Times of India

In 2010, workers painted part of a Peruvian mountain white to regrow its lost glacier; the World Bank selected the idea for a $200,000 grant

A climate experiment in Peru involved whitewashing a mountain to encourage glacier regrowth. This effort aimed to increase sunlight reflection and cool the mountain's surface. The theory relied on the albedo effect, where bright surfaces reflect more solar energy. While the project showed increased reflectivity, it did not restore the…

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